Search Results for: legal
CySec: acquisition of Administrative Services Providers (ASP) licence
June 12th, 2014
The Cyprus Securities and Exchange Commission (CySec), the Cypriot financial regulatory authority, has announced that the following firms have successfully obtained the CySec licence to operate as Administrative Services Providers (ASP): Investcor Corporate Ltd Alter Domus (Cyprus) Limited Therefore, ...
SEC Says Investor Accused of Fake Gold Bid Fled to China
June 12th, 2014
The U.S. Securities and Exchange Commission said the man behind a fake $750 million bid for Allied Nevada Gold Corp. (ANV) profited from selling an undisclosed stake in the mining company and has fled the country. Luis Chang and ...
Europe Bankers Cringe at Rising U.S. Fines Amid BNP Probe
June 12th, 2014
HSBC Holdings Plc (HSBA) Chairman Douglas Flint had some advice for bank executives meeting in London last week: Read up on how the U.S. uses financial warfare against its enemies in a foreign-policy shift that’s entangling lenders. Since HSBC ...
PCAOB Cracks Down on Fraud
June 12th, 2014
A new PCAOB standard will require auditors to probe more deeply into related-party deals, unusual transactions and executive pay. Citing “decades of financial reporting frauds,” the Public Company Accounting Oversight Board yesterday issued new rules aimed at tightening auditor ...
CySec: acquisition of CIF (Cyprus Investment Firms) licence
June 11th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has announced that “VPR Safe Financial Group Ltd” has successfully obtained the CySec license for CIF (Cyprus Investment Firms). The firm is now authorised to operate legally ...
New rules for providing written tax advice are finalized
June 11th, 2014
The IRS issued final regulations under Circular 230, Regulations Governing Practice Before the Internal Revenue Service (31 C.F.R. Part 10), on the rules for practitioners to provide written tax advice and certain other related provisions (T.D. 9668), adopting the ...
Slow Your Judgments on Fast Trading
June 11th, 2014
In a recent pair of articles, hedge-fund magnate Cliff Asness defended high-frequency trading against most of the attacks that have been leveled against it. Asness is known for his strong opinions. And while I’m generally on his side in ...
Microsoft fights U.S. search warrant for customer e-mails held in overseas server
June 11th, 2014
Microsoft, one of the world’s largest e-mail providers, is resisting a government search warrant to compel the firm to turn over customer data held in a server located overseas. In what could be a landmark case, the Redmond, Wash., ...
Bank of England launches cyber crime unit
June 10th, 2014
The Bank of England (BoE), ahs announced that it has launched a new framework to help identify areas where the financial sector could be vulnerable to sophisticated cyber-attack. This is part of the Bank of England’s response to the ...
Money Moves, India Tax Evaders, Credit Suisse: Compliance
June 10th, 2014
The U.S. Treasury Department said it sets limits while giving the nation’s intelligence agencies access to reports that banks file on suspicious or large money moves by customers, including information about Americans. The Treasury, saying it was responding to ...
