Search Results for: law
Cyprus Regulator decided to withdraw the license of a Cyprus Investment Company
July 3rd, 2018
The Cyprus Securities and Exchange Commission (CySEC) has issued an announcement to inform that, on its meeting of 25th June 2018, has decided to wholly withdraw the Cyprus Investment Firm authorisation with number CIF 216/13 of the company «B.O. Tradefinancials ...
Operator of commodity trading fund charged with defrauding fund participants
July 3rd, 2018
The Commodity Futures Trading Commission (CFTC or Commission) filed a civil enforcement action in the U.S. District Court for the Eastern District of New York, charging Defendant Harris Bruce Landgarten of Old Brookville, New York, with defrauding participants in ...
PwC ordered to pay millions dollars in damages over bank’s collapse
July 3rd, 2018
A federal judge on Monday said PricewaterhouseCoopers LLP must pay $625.3 million in damages to the Federal Deposit Insurance Corp for failing to uncover fraud that led to one of the largest bank failures of the global financial crisis. ...
Forex broker Blackwell Global license withdrawn by CySEC
July 2nd, 2018
The Cyprus Securities and Exchange Commission (CySEC) has issued an announcement to inform that, on its meeting of 25th June 2018, has decided, pursuant to section 8(1)(a) of the Investment Services and Activities and Regulated Markets Law of 2017 (ΝI87(I)/2017), as ...
European Commission finds Luxembourg gave illegal tax benefits
June 28th, 2018
The European Commission has found that Luxembourg allowed two Engie group companies to avoid paying taxes on almost all their profits for about a decade. This is illegal under EU State aid rules because it gives Engie an undue ...
Update: European shares fall; Pan-European STOXX 600 and Germany’s trade-sensitive DAX were down
June 28th, 2018
Trade tensions and political concerns again weighed on European shares on Thursday as investors positioned for a potentially divisive European Union summit. Having clawed back some ground on Wednesday, the pan-European STOXX 600 and Germany’s trade-sensitive DAX were down ...
U.S. Regulatory Authority shuts Down $102 Million Ponzi Scheme
June 21st, 2018
The Securities and Exchange Commission (SEC) filed charges and obtained an asset freeze against the individuals and companies behind a $102 million Ponzi scheme that bilked investors throughout the U.S. According to the SEC’s complaint, the defendants defrauded more ...
What SEC’s official said about Bitcoin, ether and initial coin offerings
June 15th, 2018
The SEC’s point man on cryptocurrencies and initial coin offerings (ICOs) says that bitcoin and ether are not securities but that many, but not all, ICOs are securities and will come under the regulatory control of the SEC and ...
Chinese tycoon Jack Ma’s online payments firm is now worth more than Goldman Sachs
June 11th, 2018
Chinese tycoon Jack Ma’s online payments company just raised a huge pile of cash from investors. Ant Financial said in a statement Friday that it has brought in $14 billion from Chinese and foreign investors. It plans to use ...
The Gently Rotting Debt-Ridden EU
June 8th, 2018
The EU as a political construction is in a state of terminal decay. We know this for one reason and one reason alone: its core principal is the state is superior to its people. A system of government ...
