All articles by Verdict Staff
Verdict Staff
FINRA elects two new members to Board of Governors
In accordance with FINRA By-Laws, firms elected two Governors, one from among the small firms and one from among the large firms. FINRA also named two new public Governors to its Board of Governors.
Barclays faces £1.2 billion in fines for allegedly rigging currency markets
Barclays could reportedly face as much as £1.2 billion more in legal costs and fines to settle claims it falsified documents and misrepresented benefits offered to clients using its dark pool trading platform.
Skandia rolls out new technical information hub for advisers
Skandia has launched a new website for financial advisers that provide access to a range of technical support and financial planning information.
Distributions to private equity investors reach $568 billion in 2013: Prequin
Preqins latest research has shown that institutional investors are enjoying good returns from their private equity portfolios with capital distributions in 2013 reaching $568 billion.
$138 billion in capital capital returned to real estate investors in 2013: Prequin
Capital distributions to private real estate fund investors reached an all-time high in 2013, with a total of $138bn returned to investors as a result of managers selling assets, more than double the amount in any year previously, according to a survey conducted by Prequin.
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RCS Capital to buy Girard Securities
RCS Capital Corporation (RCAP), a US-based investment firm, has signed an agreement to acquire independent broker-dealer Girard Securities.
Chinese investors put US$2.1 trillion into wealth-management products
The outstanding value of Chinese household’s saving diverted to wealth-management products in the first half of 2014 stood at CNY12.7 trillion (US$2.1 trillion), a surge of 24% in the first half from the end of last year, the China Banking Wealth Management Registration System said on its website.
Aether Investment and Seizert Capital expand relationship with Northern Lights Capital
Northern Lights Capital Group is expanding its ownership with Seizert Capital Partners and Aether Investment Partners. Both firms will continue to maintain operating control of their businesses following the transactions.
BNP Paribas Securities Services names new technical head for UK depositary bank
BNP Paribas Securities Services has named Nick Jenkins as head of technical for trustee and depositary services in the UK.
SFC reprimands and fines Winnie Pang Wai Yan
The Securities and Futures Commission (SFC) has reprimanded Ms Winnie Pang Wai Yan and fined her $120,000 for negligence in handling a clients trade orders.