Sentences with phrase «by financial regulators on»

Also, the market for ICOs is still entirely unregulated, which makes it very risky for investors as no due diligence is conducted by financial regulators on these new investment offerings.

Not exact matches

It hopes to submit its restated financial statements for 2015 to regulators by April 29 to avoid defaulting on its debt.

These included updates on compensation - related regulations and guidance issued by the Board of Governors of the U.S. Federal Reserve System (Federal Reserve Board) and other U.S. federal banking regulators, the Financial Stability Board, the United Kingdom Financial Services Authority and other regulators around the world.

Chief Financial Officer Jason Hollar quickly dismissed concerns, saying that the language was required by regulators but that Sears was focused on turning itself around and was still «a viable business that can meet its financial and other obligations for the foreseeable futurFinancial Officer Jason Hollar quickly dismissed concerns, saying that the language was required by regulators but that Sears was focused on turning itself around and was still «a viable business that can meet its financial and other obligations for the foreseeable futurfinancial and other obligations for the foreseeable future.»

As Bank of England Governor, Carney has called on regulators to put an end to crypto «anarchy,» arguing that digital assets should be governed by existing financial rules.

On March 22, 2018, the US Government Accountability Office (GAO) published a 132 - page report at the request of Congress entitled «Financial Technology: Additional Steps by Regulators Could Better Protect Consumers and Aid Regulatory Oversight.»

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevaFinancial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevafinancial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

With demographic trends pointing to a greater focus on longevity risk and more attention being placed on the downside of short - term investment behavior by governments, regulators and even the financial media, the tide may turn in the coming years.

Let me just say that if I were starting a software company in the United States today, given the noises being made by the SEC and by other financial services regulators I would not put an exchange - tradable token at the center of the offering unless that token were a representation of a legally - recognized interest and structured on the basis that the token will be regulated by the securities laws.

AvaTrade is licensed by several leading financial regulators on the basis of different countries:

Large retailers met with politicians and regulators in Canberra yesterday - a bit of media on this: Eli Greenblat, «Retailers lay down deregulation gauntlet» (The Australian, 28 October 2014), Sue Mitchell and Matthew Knott, «Australian National Retailers Association condemns Harper review's «dangerous» competition law shake - up» (SMH, 27 October 2014) and Joanna Heath, «Retailers slam Harper change «drafted by lawyers» (The Australian Financial Review, 27 October 2014 (paper version 28 October 2014, page 9)-RRB-

The governor began undermining Schneiderman upon taking office in 2011, when he birthed the Department of Financial Services by merging two hitherto sleepy state regulators and created a competitor cop on the Wall Street beat.

The governor named a close lieutenant, Ben Lawsky, to be an omnibus regulator, but he has won attention not for racking up scalps in the New York - based financial sector but by grabbing billions through sanctions on foreign banks, and leading the discussion about policy adjustments demanded by the rise of digital currencies like BitCoin.

When four outsiders foresee the impending collapse of the global economy long before the big banks, media and government regulators realize what's happening, they capitalize on it by shorting the booming housing market through the invention of a clever financial instrument called the credit default swap.

A recent article in The Wall Street Journal, «New Annuity Guarantees Raise Questions», by Leslie Scism points out that regulators «are worried that lifetime income guarantees sold on a mass scale could be harmful to insurers» financial health if markets were to slide as they did in 2007 - 09, putting insurers on the hook for massive payouts.»

Currently one of every five American consumers has an error on his or her credit report and 5 percent of us endure errors so serious that we likely are being overcharged for credit card debts, auto loans, insurance policies and other financial obligations, according to a comprehensive study issued Monday by federal regulators.

A notice issued on Wednesday by the Canadian Securities Administrators (CSA), an umbrella organization of Canada's provincial and territorial securities regulators, regarding binary options providers was widely circulated by the financial watchdogs, including the British Columbia Securities Commission (BCSC), the Autorite des Marches Financiers (AMF), and the Alberta Securities Commission (ASC).

Credit analysis gets done on financial companies by many parties: the rating agencies, private credit analysts, and implicitly by financial regulators.

Protecting Senior Investors: Report of Examination of Securities Firms Providing «Free Lunch» Sales Seminars Issued by the Securities and Exchange Commission, North American Securities Regulators and Financial Industry Regulatory Authority, this report concludes that free - lunch seminars focus more on sales than education and often make exaggerated or misleading claims.

In both instances, these services or products may include: company financial data and economic data (e.g., unemployment, inflation rates and GDP figures), stock quotes, last sale prices and trading volumes, research reports analyzing the performance of a particular company or stock, narrowly distributed trade magazines or technical journals covering specific industries, products, or issuers, seminars or conferences registration fees which provide substantive content relating to eligible research, quantitative analytical software and software that provides analyses of securities portfolios, trading strategies and pre / post trade analytics, discussions with research analysts or meetings with corporate executives which provide a means of obtaining oral advice on securities, markets or particular issuers, short - term custody related to effecting particular transactions and clearance and settlement of those trades, lines between the broker - dealer and order management systems operated by a third party vendor, dedicated lines between the broker - dealer and the investment adviser's order management system, dedicated lines providing direct dial - up service between the investment adviser and the trading desk at the broker - dealer, message services used to transmit orders to broker - dealers for execution, electronic communication of allocation instructions between institutions and broker - dealers, comparison services required by the SEC or another regulator (e.g., use of electronic confirmation and affirmation of institutional trades), exchange of messages among broker - dealers, custodians, and institutions related to a trade, post-trade matching of trade information, routing settlement instructions to custodian banks and broker - dealers» clearing agents, software that provides algorithmic trading strategies, and trading software operated by a broker - dealer to route orders to market centers or direct market access systems.

Banking supervisors and regulators have demonstrated growing awareness of the materiality of sustainability issues, as shown by the establishment of the Financial Stability Board Task Force on Climate - related Financial Disclosures.

That body, established by central banks, financial regulators and finance ministries, has produced a set of recommendations on how, and what, companies should report to investors regarding the climate risks they face.

In 2015 Carbon Tracker presented the stranded assets / unburnable carbon idea to a full meeting of central banks and regulators at the Financial Stability Board meeting on climate change hosted by Mark Carney, effectively contributing to the creation of the Task Force on Climate - related Financial Disclosures (TCFD).

The G20's Task Force on Climate - related Financial Disclosures (TCFD), a global push by investors and companies to include information about these exposures in mainstream reports to regulators, is helping companies make that transition on a five - year implementation timeline.

«By JASON DEAREN, Associated Press Jason Dearen, Associated Press — 20 mins ago SACRAMENTO, Calif. — California regulators on Thursday approved the first system in the nation to give polluting companies such as utilities and refineries financial incentives to emit fewer greenhouse gases.

Regulating firms» culture - The increasing focus by financial regulators internationally on supervising firms» culture

With the increased focus on AML enshrined by the new regulations, and the upcoming Financial Action Task Force's Evaluation of the UK's AML and counter-terrorist financing frameworks in 2018, the regulators will be keen to take a firm hand to lawyers who fail to comply with their AML obligations.

Mahmood Lone Qualified: 2004 Made partner: 2014 Key cases: Advising a leading global financial institution on high profile FX investigations pursued by multiple regulators, prosecutors and antitrust authorities across four continents; successfully represented a major financial institution on an FCA investigation into alleged market abuse in relation to trading on a securities market.

The junior «brokers» or «analysts» (these terms do not necessarily signify professional qualifications nor registration with a financial regulator) are young, paid on commissions and egged on by more experienced senior brokers.

advising a state - owned financial institution on an inquiry commenced by its regulator into its anti-money laundering systems, anti-fraud controls and management oversight.

It argues that the rule of law is being undermined by broadly drafted laws that, in practice, allow the regulators or prosecuting authorities to decide what is illegal, eg s 75 of the Banking Act 2009 gives the Treasury the power to disapply or modify the effect of any law without Parliamentary approval, and the financial services industry as a whole increasingly relies on «principles - based regulation».

In an exposure draft «Issuance of Capital by Indian Insurance Companies transacting Life Insurance Business», the regulator stated that it would give the approval based on financial performance, capital structure after offer and solvency margin of the company.

The regulator demonstrated rather an aggressive position in cryptocurrency related Q&A that was published on the financial education site run by the Bank of Japan.

Choi Heung - sik, governor of the FSS, said the regulator - an executive arm of the Financial Services Commission - will make public any findings on the allegations of illegal trading of cryptocurrency by one of its staff members.

On Tuesday 2 August, I had the privilege of attending an event hosted by the Monetary Authority of Singapore (Singapore's financial services regulator and central bank).

A bogus startup offering 8 % weekly returns on cryptocurrency and medical marijuana was hit by the Texas State Securities Board yesterday, in another move by against crypto - related financial crimes by U.S. regulators.

In a statement published by the Financial Services Agency on Friday, the agency confirmed Thursday's news that suggested Binance was about to be warned by the financial watchdog given its lack of registration with the rFinancial Services Agency on Friday, the agency confirmed Thursday's news that suggested Binance was about to be warned by the financial watchdog given its lack of registration with the rfinancial watchdog given its lack of registration with the regulator.

Financial regulators have been clamping down on the crowdfunding trend in recent weeks, warning entrepreneurs that their digital currencies may be regulated as securities or, in China's case, by banning them outright.

According to an article by Techcrunch, on Friday, South Korea's financial regulator banned all Initial Coin Offering, due to concerns of potential financial scams.

Moreover, many of the financial laws already enacted by Washington are old, outdated, and entirely insufficient to apply to the Internet, let alone cryptocurrency — but that hasn't stopped regulators from tacking Bitcoin and brethren on to them.

Whilst the CVA's statement largely described the ICO industry in a positive light, the association also touched on several concerns raised by financial regulators.

In his interview with CCTV translated by Box Mining, Bing explained that the suspension on ICOs and the government's declaration of ICOs as an illegal fundraising method are only temporary, until local financial regulators introduce necessary regulatory frameworks and policies for both ICO investors and projects.

As Bank of England Governor, Carney has called on regulators to put an end to crypto «anarchy,» arguing that digital assets should be governed by existing financial rules.

According to an article by Techcrunch, on Friday, South Korea's financial regulator banned all Initial Coin Offering, due to concerns of potential financial

According to Choi Heung Sik, the director of South Korea's Financial Supervisory Service (FSC), the country's integrated financial regulator that examines and supervises financial institutions, several officials and employees of the FSC sold bitcoin immediately before the premature statement on a possible cryptocurrency trading ban was released by Justice Minister Park SFinancial Supervisory Service (FSC), the country's integrated financial regulator that examines and supervises financial institutions, several officials and employees of the FSC sold bitcoin immediately before the premature statement on a possible cryptocurrency trading ban was released by Justice Minister Park Sfinancial regulator that examines and supervises financial institutions, several officials and employees of the FSC sold bitcoin immediately before the premature statement on a possible cryptocurrency trading ban was released by Justice Minister Park Sfinancial institutions, several officials and employees of the FSC sold bitcoin immediately before the premature statement on a possible cryptocurrency trading ban was released by Justice Minister Park Sang - ki.

Choi Heung - sik, governor of the FSS, said the regulator — an executive arm of the Financial Services Commission — will make public any findings on the allegations of illegal trading of cryptocurrency by one of its staff members.

Early this month, news.Bitcoin.com reported on Korea's top financial regulators jointly announcing their plans to deal with digital currencies by requiring banks to perform due diligence and bitcoin exchanges to intensify their user verification procedures.

Regulation Financial regulators around the world seem to finally notice that some companies are trying to capitalize on the insatiable appetite for everything crypto by claiming a link to blockchain.

While it's not unusual for governments or agencies to issue warnings or try to educate the public on what regulators may consider risky investments, Polish financial authorities have taken it a step further, spending taxpayers» money on a smear campaign — trying to sway public opinion against crypto assets by paying social media influencers to attack them.

Project Manager / Compliance Officer — Duties & Responsibilities Oversee daily operational aspects of a fast paced, high intensity financial institution Recruit, train, and direct staffs ensuring they understand the brand and adhere to company policies and procedures Manage compliance with regulatory authorities including the SEC, NYSE, and NASD Analyze financial information and present reports to external regulators and internal management Determine compliance issue severity and escalate to senior compliance officer as needed Conduct internal compliance investigations coordinating efforts between various support services Track and maintain detailed records of all compliance inquiries Direct and contribute to special company projects as needed Responsible for the «I Have a Dream Summer Intern Program» ensuring effective talent recruitment Utilize technical expertise while serving as liaison to technology department Assist with database and hardware management, software training, and computer troubleshooting Aid accounting with budgets, accounts payable / receivable, invoice payment, and vendor negotiations Interact with Board of Directors, Chief Executive Officer, and other key figures on a daily basis Partner with various company lines to assess client interests, market trends, and potential sales opportunities Develop a rapport with customers and orient them to various products and services Encourage high customer retention by maintaining friendly, supportive contact with existing clients Study internal literature to become an expert on products and services Provide administrative support including travel arrangements, scheduling, data entry, and other tasks as needed Represent company brand with poise, integrity, and positivity