Regions
North America | 15 Feb 17
Morgan Stanley pays $8m to settle ETF investment charges
Morgan Stanley has agreed to pay $8m (£6.4m, €7.5m) and admit wrongdoing to settle charges that it did not ensure clients understood the risks associated with buying inverse exchange-traded funds (ETFs) the firm recommended.
Tax & Regulation | 15 Feb 17
Ex-financial adviser given maximum 15-year bankruptcy order
A former financial adviser has been handed the maximum bankruptcy order of 15 years for acting in the management of a company while he was subject to a lengthy director’s ban.
North America | 15 Feb 17
All Canadian schemes removed from HMRC Rops list
UK pension transfers to Canada have been effectively blocked after the three remaining Canadian recognised overseas pension schemes (Rops) were removed from HM Revenue & Customs’ (HMRC) list on Wednesday.
British expats living in Europe face Brexit backlash
British nationals living in the European Union can expect to face a backlash following the UK’s treatment of foreigners, a leaked report has warned.
Forecasts frustrated by too many unknowns
Caution should prevail while economists struggle with forecasts in a climate of too many unknowns, according to François Duhen, chief economist and strategist at Swiss banking group Crédit Mutuel-CIC.