Search Results for: law
Grant Thornton UK fined £2.3m over audit failures
April 24th, 2017
Grant Thornton UK LLP (“GT”) and Robert Napper (a retired GT Partner) (together, the “Respondents”), have admitted Misconduct and agreed to fines and other sanctions. This follows the conclusion of the Financial Reporting Council’s (FRC) investigation relating to the ...
Oil price projections are so enigmatic right now
April 24th, 2017
Predictions range from a 20-percent reduction (to roughly $42 a barrel) to an exuberant 100-percent increase ($100) by next year. It’s enigmatic that perceptions of market experts are so enormously divergent with regard to the price of any commodity. ...
Breaking: CySec fined a Cyprus Investment Firm
April 24th, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform investors and public that at the meeting held on March 13th, 2017, decided to impose an administrative fine of €20.000 to the CIF UR Trade Fix ...
America’s financial war strategy
April 23rd, 2017
America’s renewed desire to escalate military tensions is a front for America’s continual financial war, this time directed at North Korea, Syria and possibly Iran. This is likely to be the opinion of China’s strategic advisors. We analyse the ...
Organisation to set up a common accounting framework for monetary gold
April 21st, 2017
The World Gold Council is now seeking views on the draft guidance provided herein with respect to a recommended practice in accounting for gold. The views of monetary authorities, as well as those of international accounting standards boards, advisory ...
CySec informs that a Cyprus Investment Firm renounced its authorisation
April 21st, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform investors and public that on 13th March 2017, the CIF Asset Management Advisory Services (AMASS) Ltd (the ‘Company’), which provided investment services via the domains www.amasseurope.com ...
CFTC charges purported hedge fund that traded commodity futures and forex contracts
April 21st, 2017
CFTC Charges Purported Hedge Fund Capitol Equity FX LLC and California Residents Robert Leland Johnson IV and Marisa Elena Johnson with Fraud, Misappropriation, and Registration Violations The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of a ...
ASIC signs fintech Cooperation Agreement with OJK to promote innovation in financial services
April 21st, 2017
The Australian Securities and Investments Commission (ASIC) and Indonesia’s Otoritas Jasa Keuangan (OJK) have entered a Cooperation Agreement to promote innovation in financial services in their respective markets. The agreement, signed today in Melbourne, establishes a framework for cooperation ...
Bitcoin to gain legal status in India, reports local media
April 21st, 2017
A televised news report from CNBC India on 20th April reveals that the Indian government is leaning toward granting legality to bitcoin and virtual currencies in the country amid regulations with taxes to be levied on adopters. Last week, ...
ASIC bans former director of AFS Capital
April 20th, 2017
ASIC has banned Dr Bingxing Hu (Dr Hu), of Melbourne, Victoria, from providing financial services for five years. Dr Hu was a director of AFS Capital Securities Limited ACN 143 006 151 (AFS Capital) from 8 April 2010 until ...
