Search Results for: law
FCStone Financial Ordered To Pay A Penalty
November 17th, 2017
The Commodity Futures Trading Commission (CFTC) issued an order filing and settling charges against FCStone Merchant Services LLC (FCStone Merchant) for entering into multiple noncompetitive trades and against INTL FCStone Financial Inc. (FCStone Financial), a registered Futures Commission Merchant ...
European Authority Highlights The Risks of Initial Coin Offerings
November 15th, 2017
The European Securities and Markets Authority (ESMA) has issued two Statements on Initial Coin Offerings (ICOs), one on risks of ICOs for investors and one on the rules applicable to firms involved in ICOs. ESMA has observed a rapid ...
The yen was flat, euro was little changed; Equity markets in Asia were steady
November 14th, 2017
Equity markets in Asia were steady as investors awaited clues on monetary policy from heads of some major central banks and kept an eye on U.S. tax reform developments. Bond yields held recent advances. Japan’s Nikkei 225 Stock Average ...
CySEC informs that a Cyprus Investment Firm renounced its authorisation
November 13th, 2017
The Cyprus Securities and Exchange Commission (‘CySEC’) announces that, on 6th November 2017, the CIF Dragon Options Ltd (‘the Company’), which provided investment services via the domains www.taotrade.com, and www.dragonoptions.com renounced its authorisation, pursuant to section 24(1)(b) of the ...
A review of the main moves in Stocks, Currencies, Bonds and Commodities
November 13th, 2017
Equities in Asia put in a mixed start to the week as investors sought fresh catalysts after last week’s run to record highs. The British pound took a hit as pressure mounts on U.K. Prime Minister Theresa May after ...
‘$300m in cryptocurrency’ accidentally lost forever due to bug
November 10th, 2017
More than $300m of cryptocurrency has been lost after a series of bugs in a popular digital wallet service led one curious developer to accidentally take control of and then lock up the funds, according to reports. Unlike most ...
Investors Beware To Online Paid-To-Click Scams
November 8th, 2017
The U.S. Securities and Exchange Commission has issued a warning to inform investors to beware online “paid-to-click” scams that promise an easy payday by merely purchasing a membership or an advertising product up front and then clicking on a ...
EU commission wants ‘credible’ tax haven blacklist
November 8th, 2017
The European Commission is demanding that member states reach an agreement on an EU tax haven blacklist, in the wake of media revelations of widespread tax avoidance schemes by the wealthy elite known as the Paradise Papers. Pierre Moscovici, ...
CFTC Orders Cargill to Pay a $10 Million Civil Monetary Penalty
November 7th, 2017
The Commodity Futures Trading Commission (CFTC) announced the filing and simultaneous settlement of charges against Cargill, Inc. (Cargill), of Minnesota, for providing mid-market marks (marks) that concealed from counterparties and its swap data repository (SDR) its full mark-up on certain ...
What are the ‘Paradise Papers’ and why should you care?
November 7th, 2017
Little more than a year after the “Panama Papers” leak, the “Paradise Papers” are shedding light on who is investing huge amounts of money in offshore tax havens. What are the so-called Paradise Papers? The leak is a trove ...
