Search Results for: sec
SEC Charges Former Stockbroker With Conducting Ponzi Scheme
July 2nd, 2015
The Securities and Exchange Commission today charged a former stockbroker in Pennsylvania with conducting a Ponzi scheme and stealing investor money to purchase a condominium in Florida and afford his own vacations and other luxuries. The SEC alleges that ...
SEC Charges Deloitte & Touche With Violating Auditor Independence Rules
July 2nd, 2015
The Securities and Exchange Commission charged Deloitte & Touche LLP with violating auditor independence rules when its consulting affiliate maintained a business relationship with a trustee serving on the boards and audit committees of three funds it audited. Deloitte ...
On imposing ban on all transactions and operations with financial instruments in securities market
July 1st, 2015
On 29 June 2015, the Bank of Russia took a decision to ban all transactions and operations of Dealer Investment Company, limited liability company, (hereinafter the Company) with cash, securities and other financial instruments while acting in the securities market on the basis of licences issued by the ...
SEC Charges Goldman Sachs With Violating Market Access Rule
July 1st, 2015
The Securities and Exchange Commission charged Goldman, Sachs & Co. with violating the market access rule in connection with a trading incident that resulted in erroneous executions of options contracts. Goldman Sachs agreed to pay a $7 million penalty to ...
CySec announced Revocation of UCITS license
June 30th, 2015
The Cyprus Securities and Exchange Commission has issued an announcement to inform about the revocation of the operation licence of the Local Common Fund ‘Argus Funds’ (umbrella scheme) (‘the Common Fund’) with number UCITS 04/78. The Revocation is pursuant to ...
India in talks with lawyers to open up legal services sector to foreigners
June 30th, 2015
The Indian government has started talks with the Bar Council of India and other stakeholders on its proposal to open up the legal services sector to foreigners in stages. Commerce Secretary Rajeev Kher told reporters that discussions are also ...
SEC Charges KKR With Misallocating Broken Deal Expenses
June 30th, 2015
The Securities and Exchange Commission today charged Kohlberg Kravis Roberts & Co. (KKR) with misallocating more than $17 million in so-called “broken deal” expenses to its flagship private equity funds in breach of its fiduciary duty. KKR agreed to ...
On June 30 scientists will add a second and trading firms have to be prepared
June 29th, 2015
On June 30, time will stand still. Just for a second — a leap second. Since 1967, when clocks went atomic, human timekeeping has been independent of the earth’s rotation. The problem is, the planet is slowing down and ...
J.P. Morgan, SEC in Settlement Talks Over Product Steering
June 25th, 2015
J.P. Morgan, other banks have faced more scrutiny on conflicts policies from OCC J.P. Morgan Chase & Co. is in talks with the Securities and Exchange Commission to settle a probe into whether the bank inappropriately steered private-banking clients to ...
SEC Obtains Asset Freeze Against China-Based Trader for Suspicious Activity Last Week
June 24th, 2015
The Securities and Exchange Commission today obtained an emergency court order to freeze the assets of a trader in China who profited by more than $1 million after trading in a U.S. brokerage account in advance of last week’s ...
