Search Results for: law
Ponzi Scheme ordered to pay $1 billion in penalties
January 30th, 2019
The Securities and Exchange Commission announced that a federal court in Florida ordered Woodbridge Group of Companies LLC and its former owner to pay $1 billion in penalties and disgorgement for operating a Ponzi scheme that targeted retail investors. ...
Gold reaches seven-month high as dollar struggles
January 30th, 2019
Gold climbed to a seven-month high on Tuesday and stocks were back on the up too, as investors dug in for three days of political and economic drama and a blizzard of big tech earnings, starting with Apple later. ...
Emerging-Market currencies drop; Latam stocks fell sharply
January 23rd, 2019
Latin American stocks fell sharply on Tuesday, in line with world stocks, as global growth slowdown fears gripped markets after the International Monetary Fund cuts its growth forecast. The IMF revised its 2019 global growth forecast lower than what ...
Pound holds up against Dollar; Asian markets edged down Tuesday
January 22nd, 2019
Asian markets edged down Tuesday as profit-takers stepped in following a recent run-up, while the pound maintained gains on hopes Britain will avoid crashing out of the European Union. While there were few catalysts to drive business and Wall ...
European stocks fall as traders kicked off Monday’s session; Traders await “Plan B” for Brexit
January 21st, 2019
European stocks traded lower on Monday, after fresh data from China showed its economy grew at its slowest pace since 1990. The pan-European Stoxx 600 index sank around 0.4 percent as traders kicked off Monday’s session, with most sectors ...
CySEC withdraw the license of a Cyprus online Forex provider
January 18th, 2019
The Cyprus Securities and Exchange Commission (‘CySEC’) has issued an announcement to inform investors and public that, on its meeting of 22nd October 2018, decided to wholly withdraw the Cyprus Investment Firm authorisation of PFX Financial Professionals Ltd (‘the ...
Weak euro lifts dollar, pound zooms on talk of second Brexit vote
January 18th, 2019
The U.S. dollar rose on Thursday against a euro dragged lower by soft economic data, while the pound took off on hopes of a second referendum on Britain’s membership in the European Union. Against the euro, the dollar strengthened ...
EU is gearing up for Union wide regulation for crypto assets
January 17th, 2019
The European Union posits that ICOs and crypto assets present substantial risks. Hence the European Securities and Markets Authority (ESMA) is looking to establish an EU-wide regulation. The EU has long been preoccupied with crypto and blockchain. However, now ...
Dollar pauses, pound steadies after May wins no-confidence vote
January 17th, 2019
The dollar took a breather on Thursday following its recent strong gains against key rivals, while sterling steadied after British Prime Minister Theresa May’s government won a no-confidence vote in parliament. The dollar index, which measures the greenback against ...
Criminal network gained millions in fixing professional tennis matches
January 16th, 2019
Europol, the European Union’s law enforcement agency, has issued a press releases to inform for an operation in relation with fraud in professional tennis competitions. In accordance the press release, an organised crime group involved in manipulating professional tennis ...
