US
DeVere pays $8m to settle hidden Qrops commission case
DeVere USA has agreed to pay an $8m civil penalty stemming from its failure to disclose upfront commission of 7% to clients who were encouraged to transfer their UK pensions via a Qrops, the US regulator has announced.
EU puts US on the clock for tax blacklist
If the US does not comply with the OECD Common Reporting Standard by June next year it faces being placed on the EU blacklist for non-cooperative jurisdictions, an EU top official has warned.
Amundi launches socially responsible ETF
Europe’s largest asset manager Amundi has launched a Ucits ETF designed to provide diversified US corporate bond exposure while applying environmental, social and governance (ESG) selection filters.
Blacktower expands with US and German businesses
European IFA firm Blacktower Group has launched two separately regulated companies – its first US business and a second operation in Germany.
Best Practice | 8 May 18
Fraud avoidance tool launched by US regulator
The US Securities and Exchange Commission has launched an online search tool to help investors avoid financial fraud and make informed investment decisions.