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Earnings Season and CFD Trading: Strategies for Capitalizing on
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Cross-Border Remittances: How Crypto Revolutionize Cheaper and
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Navigating Market Volatility: Understanding the Impact on CFD
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ACY Securities Adds Japanese and Hong Kong Share CFDs to its Thought Leadership
south-korea

South Korea Revises Decades-Old Forex Transaction Rules

  • The country has approved nine securities firms to engage in currency exchange business.
  • South Korea recently announced plans to embrace offshore firms in its forex markets.
by Solomon Oladipupo
finra

FINRA Hits SageTrader with New $100k Fine for AML Failure

  • The violation allegedly occurred between April 2016 and December 2019.
  • FINRA fined SageTrader $775K for supervisory failures in July last year.
by Solomon Oladipupo
European Securities and Markets Authority (ESMA)

Europe’s Money Market Fund Assets Stood at €1.44tn in 2021, Says ESMA

  • Low volatility NAV accounted for almost half (46%) of the assets.
  • Over 90% of money market fund investors are professional investors.
by Solomon Oladipupo
sec

Regulators Slapped Industry with Record Fines in 2022, SEC in the Lead

  • WhatsApp crackdown amounted to fines of $1.1 billion.
  • Also, European regulators imposed high penalties although visibly lower than the SEC.
by Damian Chmiel
esma

ESMA Proposes Changes to Money Market Funds Stress Test Scenarios

  • The events of March 2020 have shown that the current methodology needs fine-tuning.
  • ESMA waits for industry participants' comments until 28 April 2023.
by Damian Chmiel
European Securities and Markets Authority (ESMA)

ESMA Consults Public on Post-Trade Transparency, Sets March 31 Deadline

  • ESMA will issue a manual on post-trade transparency after gathering public feedback.
  • The manual does not provide EU law interpretation or supervisory elements, ESMA said.
by Solomon Oladipupo
Thought Leaders

Tickmill Announces its New IB Contest

  • A pool of $120,000 in cash prizes to be divided among 50 winners.
by FM
finra

FINRA Fines Nomura Securites $125k for Miscalculating Its Net Capital

  • Nomura allegedly misclassified reverse repos with affiliate NSC as allowable assets.
  • FINRA has recently penalized Wells Fargo, Instinet and DBOT for various violations.
by Solomon Oladipupo
finra

FINRA Fines Justly Markets (Formerly DBOT) $100K for Missing Records of 95M Orders

  • Justly Markets operated as DBOT during the period of the alleged violation.
  • The ATS firm's former third-party vendor deleted the records.
by Solomon Oladipupo
sfc

SFC Fines Guosen Securities HK$2.8 Million

  • The Commission pointed to mitigating factors in its final decision.
  • Gousen breached the Client Securities Rules.
by Damian Chmiel
esma

ESMA Releases Final Report on Guidelines for Reporting under EMIR REFIT

  • The EU regulator published the draft technical standards three days ago.
  • EMIR first came into force on August 16, 2012.
by Solomon Oladipupo
fca

FCA Bans Three Ex-Mizuho Traders for Market Manipulation

  • Banned traders must pay £595,000 fines in total.
  • They disagreed with the decision and took it to the Upper Tribunal.
by Damian Chmiel
Asic

ASIC Guides Exchanges How to Name ETPs

  • Financial market watchdog introduced two levels of labeling.
  • They are based on product type and their specific risks.
by Damian Chmiel
Thought Leaders

Is it still time to buy the Nikkei 225?

  • While some believe that the bull run might be solid, others are doubtful.
by FM
cysec

CySEC Warns against Impersonating Officers, Fake Websites

  • The regulator detected five new rogue websites.
  • CySEC issued a similar warning in April.
by Solomon Oladipupo
US SEC

US SEC Recovers Record $6.4bn in Penalties and Disgorgement in FY22

  • The number of recovered funds shot up 67% from the prior year's $3.9 billion.
  • The SEC paid a record $229 million to whistleblowers in FY22.
by Solomon Oladipupo
finra

FINRA Fines RBC Capital Markets $360k for Supervisory Failure

  • The failure occurred between June 2018 and February 2020.
  • FINRA recently fined RBC Capital Markets $90k over anticipatory hedging violations.
by Solomon Oladipupo
US SEC

US SEC Awards $10M to Whistleblower Months after Programme Amendment

  • The regulator has issued a number of whistleblower awards in 2022.
  • It announced two amendments to its whistleblower programme in late August.
by Solomon Oladipupo
Asic

Australia Opens Consultation on Capital Market Resilience

  • It is the second of three consultation rounds planned by ASX.
  • ASIC wants to increase the resilience of capital market participants.
by Damian Chmiel
Credit Suisse

Credit Suisse Plans to Raise $4b as a Part of "Radical Restructure"

  • CS wants to raise 1.86 billion CHF from new investors and 2.24 billion from current investors.
  • The bank is trying to resolve problems and controversies for the third time.
by Damian Chmiel
Thought Leaders

Unveiling iFX EXPO Asia, the Financial Industry's Premier Event in Bangkok

  • Finance Magnates interviewed Andreea Ilies, Global Head of Events at XS.com.
by FM
Asic

ASIC Fines AUSIEX and Hits CommSec With Largest Ever Penalty

  • The penalty is the highest in history for breaching the Market Integrity Rule.
  • Companies used 121,000 occasions to overcharge their clients.
by Damian Chmiel
settlement

Credit Suisse Agrees to Pay $234m Settlement in France

  • Swiss banking giant settles court case with the French prosecutors.
  • In October, the institution approved settlements worth more than $700 million.
by Damian Chmiel
iosco

IOSCO Appoints Belgium FMSA’s Jean-Paul Servais as Chair

  • Servais replaces Ashley Alder, the CEO of Hong Kong SFC, as Chair.
  • 15 securities regulators signed IOSCO's MMoU or EMMoU during the Annual Meeting.
by Solomon Oladipupo
Credit Suisse

Credit Suisse to Pay $495m Settlement Related to 2008 Financial Crisis

  • Settlement is related to the 'Residential Mortgage Backed Securities' part of the business.
  • Credit Suisse, in the past, paid a settlement that was ten times higher for the same misconduct.
by Damian Chmiel
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