Search Results for: law
Arcadia-based company under investigation, councilman’s connections under scrutiny
September 21st, 2015
State and federal agencies are investigating an Arcadia-based company that is facing allegations from investors that it swindled them out of hundreds of thousands of dollars, and may have taken more from individuals overseas. Officials with the Department of ...
Algorithmic markets would save us from another financial crisis
September 21st, 2015
As the world recovers from yet another international stock-market roller-coaster — an outright crash probably only prevented by safety algorithms installed after the Singapore flash crash of 2013 — it might be helpful for us to remember a couple ...
Financial institutions believe common reporting standard will be more taxing than FATCA – KPMG
September 21st, 2015
With a Jan. 1, 2016 effective date looming for 50 “early adopter” jurisdictions set to enact a new international Common Reporting Standard (CRS) for reporting financial account information, 61 percent of respondents to a KPMG survey of executives at ...
Gold remains money
September 18th, 2015
We think we know that gold is no longer money, because Keynesians and monetarists insist it is so. Furthermore, it has been replaced by government currencies, which we use to buy and sell, do our accounts and pay our ...
CySec informs that a firm providing Administrative Services waived its authorisation
September 18th, 2015
The Cyprus Securities and Exchange Commission (CySec) has issued an announced to inform that: On 27th July 2015, the Company Providing Administrative Services STM (Cyprus) Ltd (the ‘Company’), waived its authorization pursuant to section 16(1) of the Law Regulating Companies Providing Administrative ...
Safe-deposit-box: the preferred method of tax dodgers
September 18th, 2015
Italians looking to conceal assets turn to safe-deposit boxes. Italians who want to stash their riches out of reach of tax collectors might familiarize themselves with a restaurant on the Via della Posta in the Swiss town of Locarno, ...
CySec issued warning for an Unauthorised Firm
September 18th, 2015
The Cyprus Securities and Exchange Commission (CySec), the regulatory authority in Cyprus, has issued a press release to warn public in relation with an Unauthorised Firm. Specific, CySec warns that the company ‘Pilpel Capital LTD’ (http://bloombex-options.com): 1. Is not ...
Yet Another Election? Weary Greeks See Little Gain From Vote
September 17th, 2015
Greeks head to their third ballot in less than a year Greek voters say nothing is going to change for them Like many Greeks, Christi Psarra has no illusions about what the country’s third vote in less than ...
Beijing investigates senior figure at China’s state securities regulator in latest step to crackdown on market irregularities
September 17th, 2015
The assistant chairman of China Securities Regulatory Commission Zhang Yujun is being investigated for ‘disciplinary violations’ The mainland’s anti-graft watchdog is investigating a senior figure at the state securities regulator, as Beijing takes its latest step in cracking down ...
Fired Currency Traders Won’t Leave Quietly
September 16th, 2015
Six lawsuits filed in London by FX traders emerged last month Banks also faced employee suits after Libor scandal lay-offs As banks try to clean up trading floors beset by benchmark-rigging scandals, not all fired workers are leaving quietly. ...
