Search Results for: sec
CySec imposes administrative fine of €100.000
November 3rd, 2014
The Cyprus Securities and Exchange Commission (SEC) has issued an announcement to inform investors that, in its meeting held on October 20, 2014, decided to impose a total administrative fine of € 100.000 to Hellenic Bank Public Company Limited ...
German manufacturing sector rebounds in Oct after Sept dip – PMI
November 3rd, 2014
German factory activity rebounded in October after shrinking slightly in September for the first time in over a year, although there are signs of weak domestic demand in Europe’s largest economy, a survey showed on Monday. Markit’s Purchasing Manager’s ...
SEC and FINRA Warn Investors About Penny Stock Scams
October 31st, 2014
The Securities and Exchange Commission’s Office of Investor Education and Advocacy and the Financial Industry Regulatory Authority (FINRA) issued an alert warning investors that some penny stocks being aggressively promoted as great investment opportunities may in fact be stocks ...
SEC charges investment advisory firm and top officials for custody rule violations
October 30th, 2014
The Securities and Exchange Commission (SEC) announced charges against an investment advisory firm and three top officials for violating the “custody rule” that requires firms to follow certain procedures when they control or have access to client money or ...
U.S. prosecutors reopen probes against several big banks
October 30th, 2014
U.S. prosecutors are reopening investigations into big banks on suspicion they may have violated agreements under which the institutions settled prior cases against them, The New York Times reported, citing lawyers briefed with the matter. With the settlements, the ...
SEC investigates CMS employees in insider-trading case
October 29th, 2014
The U.S. Securities and Exchange Commission is investigating whether employees at the Centers for Medicare and Medicaid Services (CMS) leaked information to traders, the Wall Street Journal reported, citing people familiar with the investigation. Authorities have interviewed nearly a ...
SEC probing private equity performance figures
October 29th, 2014
The U.S. Securities and Exchange Commission is examining how private equity firms report a key metric of their past performance when they market new funds to investors, as the regulator boosts its scrutiny of the industry, according to people ...
CySec and FSC warn against LiveFX
October 27th, 2014
The Cyprus Securities and Exchange Commission (CySec) and the FSC Mauritius have recently been made aware that LiveFX is displaying a fraudulent copy of an Investment Dealer, Full Service Dealer (excluding underwriting) Licence portraying the logo FSC Mauritius which is accessible ...
CySec: acquisition of CIF (Cyprus Investment Firms) licence
October 27th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has announced that “Skanestas Investments Ltd” has successfully obtained the CySec licence for CIF (Cyprus Investment Firms). The firm is now authorised to operate legally under the supervision ...
SEC Sanctions Florida-Based Auditor for Circumventing Rules
October 27th, 2014
The Securities and Exchange Commission sanctioned a Florida-based auditor for violating federal laws and regulations requiring lead audit partners to periodically rotate off their audit engagements with a publicly traded company in order to preserve the integrity of the ...
