Search Results for: securities and exchange commission
CySec: Cyprus Investment Firm renounced its authorisation
July 11th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that on 1 June 2016, the CIF Metropol (Cyprus) Ltd, which provided investment services via the domain www.metropol-cyprus.com, renounced its authorization pursuant to section 24(1)(b) of ...
So how big are Saudi Arabia’s oil reserves, really?
July 7th, 2016
“How much oil lies beneath the desert sands of Saudi Arabia and how long will it last before running out?” is a question that has intrigued and confounded oil experts for five decades. The kingdom has proven reserves of ...
Investment adviser to plead guilty to running a $21 million Ponzi scheme
July 7th, 2016
A Rhode Island investment adviser has agreed to plead guilty to criminal charges for orchestrating a $21 million Ponzi scheme, according to a statement from the U.S. Attorney’s Office. Aside from that scheme, Patrick E. Churchville, 47, also used ...
CySec issued a Circular to inform Cyprus Investment Firms regarding Quarterly Statistics
July 4th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued a circular to infom Cyprus Investment Firms in relation to their Quarterly Statistics and Authority’s request for the electronic submission of information. According to CySec: 1. Information requested by CySEC ...
TeleTradeBel, MTBank pass requirements for forex trading software, MTBank to apply for forex broker registration
July 4th, 2016
TeleTradeBel, the Belarusian arm of forex brokerage TeleTrade Group, and lender MTBank have become the first entities to pass the requirements of the Belarusian Currency Stock Exchange (BCSE) regarding financial software for forex trading on the over-the-counter (OTC) market, according to a ...
CySec announced Renouncement of license of a Cyprus Investment Firm (CIF)
June 30th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that on 23 May 2016, the CIF Grow Wealth Assets Limited (the ‘Company’), which provided investment services via the domain www.growwealthassets.com, renounced its authorization pursuant to section ...
CySec: The license of a Cyprus Investment Firm continues to be suspended
June 29th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform for the Continuance of Suspension of Cyprus Investment Firm (CIF) licence of the firm ‘UBFS Invest powered by Moneychoice Brokers Ltd’ with number 239/14. The decision ...
CySec approved two firms as Administrative Services Providers
June 29th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued announcements to inform that two firms has been approved as Administrative Services Providers (ASP). According the announcements, the below firms have been approved: 1) MG Master Group Mutual Trust Ltd Prodromou ...
CySec’s Circular to Cyprus Investment Firms about Brexit effects
June 24th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued today a Circular requesting from Cyprus Investments Firms to inform the Commission regarding Brexit effects on their activities. According to CySec’s Circular, following the Circular C130, the Cyprus Securities and ...
Merrill Lynch Paying $10 Million Penalty for Misleading Investors
June 24th, 2016
The Securities and Exchange Commission today announced that Merrill Lynch has agreed to pay a $10 million penalty to settle charges that it was responsible for misleading statements in offering materials provided to retail investors for structured notes linked ...
