All articles by Verdict Staff
Verdict Staff
Broadridge signs MOU with Taiwanese depositary to ooperate with StockVote System
Broadridge Financial Solutions has reached an agreement with the Taiwanese central depository, Taiwan Depository & Clearing Corporation, to establish direct links with the TDCC’s new electronic voting system for Taiwanese shareholder meetings, StockVote.
Janney Montgomery Scott expands team with new hires
Janney Montgomery Scott, a US-based wealth management firm, has hired Michael Lynfield as new vice president of investments for its Fairfield, CT branch office.
Consumers could be in line for compensation after FSCS declares 50 firms in default
The Financial Services Compensation Scheme (FSCS) could provide a lifeline to consumers that have lost money as a result of their dealings with any of the 50 failed financial firms around the UK that FSCS has recently declared in default.
Expert Comment: UK Resident Non-Doms Face New Tax Threat
Bankers, lawyers and other wealth management professionals were found rushing from their sunbeds to their blackberries in early August, as the UK Revenue (HMRC) announced a very significant change to the taxation of UK resident non-domiciled individuals (RNDs). As of 4 August 2014, RNDs can no longer use their non-UK income/gains as security for a loan without triggering a taxable remittance, and now need to unwind any such existing loans that are in place to avoid such a tax charge.
SimCorp Dimension version 5.6 launches the investment management warehouse
SimCorp, a provider of investment management solutions and services for the global financial services industry, has released SimCorp Dimension version 5.6, the second of its two annual software releases.
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Global gold demand continues to recalibrate in Q2 after an exceptional 2013
The latest World Gold Council Gold Demand Trends report, covering the period April – June 2014, shows that global gold demand continues to demonstrate a return to long-term trends after an exceptional year in 2013.
SECZ rolls out new capital requirements for asset mangers
The Securities and Exchange Commission of Zimbabwe (SECZ) has introduced a new capital framework, under which it has slashed minimum capital threshold for asset managers by 50% to US$250 000.
Swiss government pitches for severe punishment for violation of banking secrecy
Switzerland government’s apex executive body, the Federal Council has pitched for better protection of bank client data and severe penalties for those violating the banking secrecy.
SEC charges NY-based brokerage firm with overcharging customers in $18 million scheme
The Securities and Exchange Commission today charged New York-based brokerage firm Linkbrokers Derivatives for unlawfully taking secret profits of more than $18 million from customers by adding hidden markups and markdowns to their trades.
Jeff Sica launches new alternative investments firm for RIAs
Jeff Sica, a founder of a registered investment advisory practice, has launched a new alternative investments firm to provide financial advisors with access to a range of alternative investments.