All articles by Verdict Staff
Verdict Staff
UKs FCA finds firms fail to deliver best execution
Retail and professional clients are being failed by firms that don’t properly apply the rules on best execution when trading on their behalf, according to a review by the Financial Conduct Authority (FCA).
Lloyds suspends three London traders amid Libor fine
Lloyds Banking Group has reportedly suspended three traders after it has agreed to pay more than US$380 million to British and US regulators to settle allegations over Libor manipulation.
Cordium teams up with IP Sentinel
Cordium, a London-based provider of compliance consulting, accounting, tax and software to the financial services industry, has teamed up with IP Sentinel, a provider of IT solutions and audit services to regulated bodies.
Succession Advisory Services names new non-executive director
Succession Advisory Services, a UK-based wealth management firm, has named Richard Goodall as new non-executive director.
ASIC accepts enforceable undertaking from Adelaide-based AFS licensee
ASIC has accepted an enforceable undertaking (EU) from Adelaide-based PGW Financial Services Pty Ltd (PGW), after an ASIC surveillance found deficiencies in its advice to clients and arrangements for supervising its authorised representatives.
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Brooks Macdonald Group completes acquisition of Levitas
Brooks Macdonald Group, a UK based wealth management group, has completed the purchase of entire share capital of Levitas Investment Management Services.
Raymond James taps US$200 million advisory team from UBS
Raymond James Financial has lured a team of two financial advisors from UBS that managed more than US$200 million in client assets.
United Overseas Bank records 6% jump in H1 earnings
Singapore-based United Overseas Bank (UOB) posted net earnings of S$1.6 billion (US$1.28 billion) for the first half of 2014, an increase of 6.1% from the first half of 2013.
Commodity hedge funds continue strong performance in 2014: Newedge
Newedge has announced the performance for its suite of hedge fund indices for the month of June. Commodity funds, as represented by the Newedge Commodity Trading Index, were the best performers in June, finishing the month up 0.63%.
JPMorgan creates new FX compliance team
JPMorgan has established a new compliance team that will manage regulatory requirements for the FX and rates markets.