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5 days ago | 
thenationalnews.com | James Langton
Donald Trump speaks to the media at the launch of Damac's Akoya project, which includes his Trump International golf course, in 2014. Duncan Chard for The National
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6 days ago | 
investmentexecutive.com | James Langton
Now, the SEC has reached a proposed settlement with the company, which would see it pay a reduced US$50-million penalty and asks the court to drop the injunction against it.
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6 days ago | 
investmentexecutive.com | James Langton
James Langton The tariffs imposed on China earlier this year are already boosting consumer prices, according to a new paper from researchers at the U.S. Federal Reserve Board.
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6 days ago | 
investmentexecutive.com | James Langton
According to the Ontario Superior Court of Justice’s decision, Feng and CIM appealed the tribunal’s rulings arguing, among other things, that it had erred in applying the legal tests for determining whether fraud took place, improperly evaluated evidence and erred in finding that investors’ money was diverted.
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6 days ago | 
investmentexecutive.com | James Langton
James Langton Investment funds will once again be able to compensate brokers for investment research by bundling those costs with trading services, under final rules adopted by the U.K.’s Financial Conduct Authority (FCA). In July 2024, the regulator adopted rules allowing institutional investors to bundle payments for research and trade execution, rather than paying for each service separately.
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6 days ago | 
investmentexecutive.com | James Langton
According to a notice from the firm’s receiver, PricewaterhouseCoopers Inc. (PwC), most of that money is being returned through Fundserv, which is sending wire transfers to investment dealers that have clients in the Bridging funds. Dealers will then be responsible for allocating money to clients based on Bridging’s unitholder records. The transfers to dealers began earlier this week, May 6, although it’s expected to take a week or so for that money to start turning up in investors’ accounts.
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1 week ago | 
investmentexecutive.com | James Langton
Higher U.S. tariffs will disrupt companies’ supply chains, and weigh on earnings, Fitch said. “The impact could be material for some national sectors including Chinese homebuilders, Mexican building materials and diversified industrials, and Latin American airlines,” it noted. At the same time, even sectors with less direct exposure may be negatively affected.
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1 week ago | 
investmentexecutive.com | James Langton
Last fall, the OCC adopted a rule that scrapped the expedited review procedures, ostensibly in an effort to improve the transparency of the merger approval process. It also adopted policy guidance that set out the general principles that the regulator considers when assessing a proposed deal, including how it considers financial stability, financial and managerial resources and future prospects, among other considerations. Those policies took effect on Jan. 1.
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1 week ago | 
investmentexecutive.com | James Langton
“The details are complicated, but generally speaking, each firm became ‘statutorily disqualified,'” the SRO noted — which meant these firms had to apply to FINRA to remain members of the SRO and had to submit to heightened supervision, among other conditions. In January of this year, the SEC brought more enforcement actions over the same kind of conduct, but these settlements didn’t include sanctions that have the same consequences for the firms’ SRO status.
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1 week ago | 
investmentexecutive.com | James Langton
For instance, the FCA said that, while most firms had processes for categorizing their products as high-risk investments, some didn’t have adequate processes for ensuring that these products were only sold to clients in situations where they were suitable. “Poor investor categorization can lead to investor harm via the sale of inappropriate or complex products,” the report noted. The review also found a shortage of effective procedures for managing conflicts of interest.
