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Institutional FX

UBS Subsidiary Loses Appeal Over $600 Million Fraud Award

The Bermuda unit fails to overturn damages stemming from a decade-long client theft scheme
The Privy Council ruling leaves liability intact but orders recalculation of payout to Georgian billionaire

Tuesday, 25/11/2025 | 07:59 GMT by Damian Chmiel

Brokers

XTX Billionaire Battles £22.5M Tax Bill at Supreme Court

Alex Gerko and 12 other former GSA Capital traders in Supreme Court appeal.
He argues that HMRC's treatment of deferred trading profits from his time at GSA Capital amounts to double taxation.

Wednesday, 18/06/2025 | 07:01 GMT by Damian Chmiel

Regulation

Collapsed Investment Schemes Leave 600 Australians $160M Poorer, ASIC Seeks Emergency Receivers

Regulator moves to freeze assets of 31 companies amid investigation into failed investment products.
ASIC wants to freeze assets and investigate what happened to investor funds that flowed through a complex web of related entities.

Monday, 16/06/2025 | 06:40 GMT by Damian Chmiel

Regulation

This $18.7B Fund Manager Ignored Investor Warnings for 2 Years, ASIC Claims

Regulator alleges Unity Funds failed to properly vet investors for mortgage scheme despite collecting questionnaires.
According to ASIC, 307 customers were accepted without proper screening, with some losing significant money when underlying loans failed.

Wednesday, 11/06/2025 | 06:02 GMT by Damian Chmiel

Regulation

Former Boss of Collapsed Stockbroking Firm Faces Fresh $192M Fraud Charges

Ex BBY CEO Arunesh Maharaj appeared in Sydney court charged with dishonest conduct over a multi-million share deal with ASX.
This marks his third criminal charge related to the collapsed stockbroking firm's operations.

Tuesday, 10/06/2025 | 05:56 GMT by Damian Chmiel

Regulation

Israeli Court Orders Panda CFD Technology Provider Sale as 50–50 Partnership Collapses

According to TheMarker.com, equal shareholder Samuel Gutman and Maor Lahav will sell their business to a third party.
Years of bitter disputes have backfired on a company that has been collaborating with FX and CFD brokers for years.

Monday, 10/03/2025 | 13:53 GMT by Damian Chmiel

Regulation

6 Years After This FX/CFD Broker's Collapse, Its Ex-Director Pleads Guilty

Former Berndale Capital Securities director Daniel Kirby has pleaded guilty.
The financial misconduct charges included misuse of company funds and providing false information.

Wednesday, 18/09/2024 | 07:41 GMT by Damian Chmiel

CryptoCurrency

ASIC Seeks to Impose Penalty on This Crypto Firm Since 2022, Court Interferes

The Aussie market watchdog is appealing a Federal Court decision regarding Block Earner.
The court relieved it from paying an AU$350,000 penalty for offering unlicensed financial services.

Tuesday, 18/06/2024 | 06:25 GMT by Damian Chmiel

CryptoCurrency

Ethereum Advisor Hits US Government with Colossal $9.6 Billion Lawsuit

Steven Nerayoff sues the United States over false prosecution claims dating back to 2019.
Now he is demanding compensation for damages to his reputation and businesses.

Wednesday, 10/04/2024 | 08:59 GMT by Damian Chmiel

Retail FX

Third Conviction Looms in $180M Courtenay House Ponzi Scheme

David Sipina admits to unlicensed financial services and dealing with crime proceeds.
This comes a year after he was first charged in connection with a Ponzi scheme.

Wednesday, 20/03/2024 | 07:08 GMT by Damian Chmiel

Institutional FX

ANZ Hit with $15 Million Fine for Misleading Almost 200,000 Customers

The federal court orders against ANZ for misleading customers about credit card fees.
Over 186,000 accounts have been remediated, with some customers charged thousands in USD.

Tuesday, 26/09/2023 | 09:03 GMT by Damian Chmiel

CryptoCurrency

Ex-Deutsche Banker Faces up to 30 Years for Crypto Investment Fraud

Russell faces up to 30 years in prison after admitting to defrauding R3 Crypto Fund clients.
In addition to the crypto scam, he pleaded guilty to identity theft.

Wednesday, 20/09/2023 | 08:45 GMT by Damian Chmiel

CryptoCurrency

Sam Bankman-Fried Pleads Not Guilty to New Indictment

Bankman-Fried's lawyers claimed he is being denied access to his medicine.
They also want extra meeting days with the crypto entrepreneur for his trial preparation.

Tuesday, 22/08/2023 | 17:14 GMT by Solomon Oladipupo

CryptoCurrency

SEC Gets Judge’s Nod to Argue for Appeal against Landmark Ripple Ruling

Ripple secured a 'partial victory' against the SEC in mid-July.
However, the SEC believes the case deserves an “interlocutory review.”

Thursday, 17/08/2023 | 22:09 GMT by Solomon Oladipupo

CryptoCurrency

US Court Questions Coinbase and SEC on Security, Staking in First Hearing

The crypto exchange and the SEC argued about the 'major questions doctrine'.
The SEC sued Coinbase on June 6, 2023, claiming the exchange runs illegal activities.

Thursday, 13/07/2023 | 22:04 GMT by Solomon Oladipupo

CryptoCurrency

Bittrex Faced Enforcement Action from Florida before Bankruptcy Declaration

The OFR disclosed the action in a court filing to stop Bittrex's request for an automatic stay.
The SEC sued Bittrex and its Co-Founder, William Shihara, in mid-April.

Thursday, 06/07/2023 | 14:47 GMT by Solomon Oladipupo

CryptoCurrency

Coinbase Dismisses SEC Allegations, Claims ‘Extraordinary Abuse of Process’

The SEC dragged Coinbase to court in early June.
However, Coinbase said its business falls outside the watchdog's jurisdiction.

Thursday, 29/06/2023 | 15:48 GMT by Solomon Oladipupo

FinTech

Currency One Challenges Cinkciarz.pl's Court Victory with Planned Appeal

Two major Polish online currency exchanges have been engaged in a legal battle for ten years.
The latest decision supported Cinkciarz.pl, but Currency One disagrees and will appeal.

Wednesday, 31/05/2023 | 09:40 GMT by Damian Chmiel

FinTech

Fintech Firm Cinkciarz.pl Wins Decade-Long Trademark Dispute

Cinkciarz.pl is set to receive PLN 2 million in compensation but will be seeking more.
The lawsuit involved the use of the company's name as an SEO phrase by competitors.

Tuesday, 30/05/2023 | 08:48 GMT by Damian Chmiel

Retail FX

iS Prime and ThinkMarkets Settle Exclusivity Dispute on Court Trial Day

The dispute dates back to iS Prime's acquisition of ThinkMarkets' arm in 2017.
iS Prime said it demanded a retraction from ThinkMarkets.

Wednesday, 10/05/2023 | 19:32 GMT by Solomon Oladipupo

CryptoCurrency

Media Giants Ask Court to Release Details of 9M FTX Customers

The firms include Bloomberg, Dow Jones, The New York Times and The Financial Times.
FTX wants to claw back about $4 billion from Genesis.

Thursday, 04/05/2023 | 19:38 GMT by Solomon Oladipupo

CryptoCurrency

FTX's Affiliate Sues Grayscale to Recover $250M for Customers and Creditors

FTX accused Grayscale of exorbitant fees and redemption ban.
Meanwhile, a federal appeal court hears Grayscale's case against the SEC on Tuesday.

Tuesday, 07/03/2023 | 14:10 GMT by Solomon Oladipupo

Retail FX

Polish Court Upholds XTB's $2.2m Fine over Differential Slippage from 2018

The fine was initially imposed five years ago.
XTB appealed the decision in court but to no avail.

Wednesday, 01/03/2023 | 11:56 GMT by Damian Chmiel

CryptoCurrency

NanoLabs Files $5 Million Lawsuit against Coinbase over Nano Trademark

The trademark infringement lawsuit concerns Coinbase's Nano BTC and ETH futures.
NanoLabs claims to have suffered brand and moral damage.

Monday, 27/02/2023 | 09:07 GMT by Damian Chmiel

Retail FX

Another Director of $180m FX Ponzi Scheme Faces 10 Years in Jail

After Irevasi and Papoulias pled guilty, the court charged Sipina with criminal offences.
The Ponzi scheme operated for almost seven years.

Wednesday, 22/02/2023 | 09:08 GMT by Damian Chmiel

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