The landmark legal case brought by the Financial Conduct Authority against HTX, which the regulator says has promoted crypto-asset services to U.K. consumers without authorization, will be a litmus test, establishing whether it has the teeth for enforcement against overseas crypto-exchanges, lawyers say.
The landmark legal case brought by the Financial Conduct Authority against HTX, which the regulator says has promoted crypto-asset services to U.K. consumers without authorization, will be a litmus test, establishing whether it has the teeth for enforcement against overseas crypto-exchanges, lawyers say.
Broker Plus500 Ltd. has denied in litigation with a group of institutional investors that it withheld information before going public, saying it was clear that impending European rules designed to protect retail investors could hurt the online trading platform's business.
A London tribunal ruled in favor of the U.K. tax authority's decision to block nearly £94 million ($127 million) in tax relief to a financing company, saying the relief was improper because the losses dated back to before the business moved from Guernsey to mainland Britain.
Prateek Gupta can't challenge a finding that he carried out a $500 million scam against Trafigura through sham nickel trades, after a judge rejected his argument on Thursday that the commodities trader was aware of the fraud.
Two investment companies have sued a tax refund lender and its directors for more than £4.3 million ($6 million) in unpaid debt, alleging that the company made false statements about the performance of loans tied to U.K. tax refunds.
The Government Actuary's Department has established a new public sector defined contribution pension scheme working group to strengthen governance and improve knowledge-sharing across public sector retirement plans, the department said Wednesday.
A consortium of global banks has agreed to acquire a $100 million stake in OSTTRA from private equity giant KKR & Co. Inc., the London-based provider of post-trade services for international financial markets said Thursday.
U.S. investment manager Victory Capital said Thursday that it is making an offer for asset management group Janus Henderson, which is 16% higher than a bid tabled by Trian Fund Management.
The Finance & Leasing Association said Thursday that it has recruited a former KPMG general counsel to bolster its legal and governance capability amid growing regulatory scrutiny of the sectors it represents.
The Financial Conduct Authority's recent consultation on the impact of artificial intelligence on financial services highlights the debate between regulators, the government and industry over whether current regulatory frameworks can balance innovation with risk management, say lawyers at Womble Bond.
