The Securities and Exchange Commission today announced fraud charges and an asset freeze against the operators of a pyramid and Ponzi scheme falsely promising a gold mine of investment opportunity to investors in Spanish and Portuguese-speaking communities in Massachusetts, Florida, and elsewhere in the U.S. The SEC alleges that DFRF Enterprises, named for its founder… Continue reading SEC Halts Pyramid/Ponzi Scheme Targeting Spanish and Portuguese Communities
Categoría: Economy
Foreign banks’ funding to Emerging Europe continued to decline in late 2014, but trend may be reversing
New Vienna initiative committee report issued on 24 June 2015 The decline in Western banks’ funding to Central, Eastern, and Southeastern Europe (CESEE) accelerated in the fourth quarter of 2014, while domestic credit growth remained lackluster in much of the region, but this trend may have started to reverse in early 2015, according to the… Continue reading Foreign banks’ funding to Emerging Europe continued to decline in late 2014, but trend may be reversing
New York Fed Names 15 Assistant Vice Presidents and 31 Officers
NEW YORK—The Federal Reserve Bank of New York announced that its board of directors has approved the promotion of 15 officers to assistant vice president and named 31 new officers at the Bank. The following people have been promoted to assistant vice president: Communications & Outreach Group Anika Pratt of New York, NY… Continue reading New York Fed Names 15 Assistant Vice Presidents and 31 Officers
Entrepreneurs – Government closely with foreign defending regularization
President of the National Council of Private Enterprise (CONEP), Rafael Blanco Canto said that the business sector working “hand in hand” with the government, defending the National Reorganization Plan at national and international level. Defend process outside the country ” We are working with the Government looking for schemes that allow us to take the… Continue reading Entrepreneurs – Government closely with foreign defending regularization
Consults on International Standards on Fees and Expenses of Investment Funds
Madrid, June 2015.- The International Organization of Securities Commissions today published the consultation report on Elements of International Regulatory Standards on Fees and Expenses of Investment Funds, which proposes an updated set of common international standards of best practice for the operators of Collective Investment Schemes (CIS) and regulators to consider. This consultation report… Continue reading Consults on International Standards on Fees and Expenses of Investment Funds
EBRD invests in bonds of Bank Millennium
Strengthening of local currency debt capital market The European Bank for Reconstruction and Development (EBRD) invested PLN 60 million in 3-year senior unsecured bonds issued by Bank Millennium S.A. for the aggregate amount of PLN 300 million. Further investments in Bank Millennium’s 3-5 year senior unsecured bonds will also be considered in the amount of… Continue reading EBRD invests in bonds of Bank Millennium
Buffalo bill collecting
Beef on weck, frozen custard – and one of the largest debt collection industries in the U.S. Those are some of the things Buffalo is known for. That’s why the FTC kicked off its continuing Debt Collection Dialogue in Buffalo on June 15, 2015. Hosted with the New York State Attorney General’s Office, the event… Continue reading Buffalo bill collecting
Fortuneteller or financial advisor?
You might like your financial advisor to predict the future in ways that could help you get rich. But legitimate advisors won’t promise to know what comes next – and you shouldn’t invest with anyone who guarantees you riches. It’s kind of a rule of thumb about investing: there are no guarantees, and anyone who promises… Continue reading Fortuneteller or financial advisor?
Multilateral Development Banks provide $28 billion in climate finance in 2014
The world’s six large multilateral development banks (MDBs) delivered over US$ 28 billion in financing last year to help developing countries and emerging economies mitigate and adapt to the challenges of climate change. The latest figures bring total collective commitments of the past four years to more than US$100 billion. In 2014, the six banks… Continue reading Multilateral Development Banks provide $28 billion in climate finance in 2014
Joint Report on MDB Climate Finance shows record results
Today the six large multilateral development banks (MDBs) published their latest Joint Report on MDB Climate Finance and announced that they had delivered US$ 28 billion in climate finance in 2014. This is the highest volume reported since the MDBs started tracking their climate finance flows under harmonised principles and since launching the annual climate finance report in 2011. The… Continue reading Joint Report on MDB Climate Finance shows record results