Dextra Partners Expands Team with Five Key Hires
Author: admin
US SEC Issues Administrative Order Against Former President and Director of Casablanca Mining for Investment Fraud
“Rather than allow the markets to set the prices of the companies’ securities through the natural interplay of supply and demand, the Defendant engaged in numerous practices aimed at misleading the market to increase and maintain artificially high prices so that he and others could sell of their holdings for substantial gains.”
Recovery plan for central counterparties: French financial service regulator AMF formally aligns to ESMA recovery plan metrics and scenarios guidelines from May 23
The AMF has updated its doctrine with DOC-2023-04, implementing ESMA guidelines on recovery plan indicators and scenarios for clearing houses. These guidelines aim to regulate central counterparties and assist authorities in assessing their recovery plans. The guidelines apply under the “comply or explain” procedure starting May 24, 2023.
MiFID II remuneration requirements: French regulator adopts the ESMA Guidelines from October 23
The Autorité des Marchés Financiers (AMF) has published a Position DOC-2023-03 to incorporate the guidelines of the European Securities and Markets Authority (ESMA) on certain aspects of the MiFID II remuneration requirements. This position will come into force on October 3rd, 2023.
French based portfolio asset management firm Foncière Magellan fined €300,000 for failing to uphold ethical standards.
French financial regulator AMF’s Enforcement Committee imposed a €300,000 fine on Foncière Magellan for regular credit transactions and non-compliance with authorization requirements. The committee found Foncière Magellan failed to identify and manage conflicts of interest in contracts with its clients and group companies.
Chairman and predecessor fined by French regulator the AMF for violating professional responsibilities, plus €400,000 fine for the firm
French asset management company Apicap and two of its managers have been penalized by the AMF Enforcement Committee for violating their professional responsibilities. The Enforcement Committee issued a €400,000 fine and a warning…
US markets regulator the SEC issues Administrative Proceedings against Canadian prospecting firm Zeb Oro Explorations Inc.
Zeb Oro Explorations Inc. the Canadian resource exploration firm has had it’s SEC license permanently revoked after failing to file accounts since 2001 and failing to maintain a valid address on file with…
US SEC issues administrative proceedings against chief compliance officer for RRBB Asset Management, Inc.
The SEC has brought proceedings against Carl S. Schwartz, a NJ-based CPA, for violating the Investment Advisers Act of 1940. He’s been ordered to pay fines.
US Securities and Exchange Commission instigates administrative proceedings against Nevada based Wisdom Homes of America
The Securities and Exchange Commission has instituted public administrative proceedings against Wisdom Homes of America, Inc. (WOFA). The Division of Enforcement alleges that WOFA is delinquent in its periodic filings and has failed to meet its obligations to file timely reports.
5 Years On; How MiFID II Regulation is Impacting the Financial Services Industry
The Markets in Financial Instruments Directive II (MiFID II) is a European Union (EU) regulation that was implemented in January 2018. It is designed to increase transparency and investor protection in the…