All articles by Verdict Staff
Verdict Staff
FINRA orders Stifel, Nicolaus and Century Securities to pay fines and restitution
The Financial Industry Regulatory Authority (FINRA) has ordered two St. Louis-based broker-dealers – Stifel, Nicolaus & Company, Incorporated and Century Securities Associates – to pay combined fines of $550,000 and a total of nearly $475,000 in restitution to 65 customers in connection with sales of leveraged and inverse exchange-traded funds (ETFs).
Eagle Asset Management goes live with SimCorp Dimension
SimCorp has announced that Eagle Asset Management has gone live with SimCorp Dimension.
Andbank acquires asset management business of Swiss Asset Advisors
Luxembourg-based private banker Andbank has acquired the asset management business of the Miami-based Swiss Asset Advisors.
Rathbones FuM soars to £22 billion
UK fund manager Rathbone’s total funds under management (FuM) were £22 billion as at 31 December 2013, up 22.2% from £18 billion as at 31 December 2012.
Standard Chartered bolsters West Africa private banking team
Standard Chartered has hired John Lee as executive director for West Africa in its Private Bank.
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Raymond James hires six new financial advisors
Raymond James & Associates has hired a team of six financial advisors in Portland, St. Louis and Dallas that managed nearly US$308 million in client assets under management.
JPMorgan Chase appoints new regulatory strategy head in Hong Kong
JPMorgan Chase has appointed former International Monetary Funds director Anoop Singh as it new regulatory strategy head in Hong Kong, effective from February.
NRIs: Indias Non-Resident Spenders
With an average wealth of $3 million each, non-resident Indian (NRI) millionaires are the wealthiest domiciled diaspora of their kind.
Market Vectors announces RQFII sub-advisor for China A-Share ETF (PEK)
Van Eck Associates Corporation has entered into an agreement with China Asset Management (Hong Kong), through which ChinaAMC has begun serving as sub-advisor for the Market Vectors ChinaAMC A-Share ETF.
Swiss Court ruling blocks transfer of Julius Baer client data to US
Switzerland’s Federal Administrative Court has blocked the transfer of bank account data of a Julius Baer client to US authorities because the Internal Revenue Service (IRS) had made an insufficient request to Switzerland’s tax administration.