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Deutsche Bank Clients Were Being Secretly Overcharged for Years
- Hong Kong's securities regulator fined the banking giant $24 million after discovering $39 million in client overcharges over an eight-year period.
- The lender reported the violations itself and has since refunded affected clients and strengthened internal controls.
Thursday, 28/08/2025 | 08:58 GMT by
Damian Chmiel
Five Tiny Trades, One Massive Fine After Long Investigation
- NZX investor Kok Ding Cheng was fined NZ$198,000 for manipulating Rua Bioscience shares in 2020.
- The High Court found he placed small, late-day buy orders to influence closing prices; most orders were blocked by broker controls.
Thursday, 01/05/2025 | 06:52 GMT by
Damian Chmiel
ESMA Slaps This Fintech with €420K Fine for Name-Dropping Violations
- The regulator has fined Italian credit rating agency Modefinance for falsely suggesting ESMA had certified its rating models.
- The misleading statements appeared on the company's websites for three years, potentially affecting investor decisions.
Monday, 07/04/2025 | 09:30 GMT by
Damian Chmiel
Five Years After GameStop Chaos, Robinhood Again Sanctioned by FINRA for $29.75 Million
- The trading app must pay a $26 million fine, $3.75 million in customer restitution.
- This is the second major penalty since 2021's record $70 million fine, which highlights the trading app's continuing compliance struggles.
Monday, 10/03/2025 | 07:15 GMT by
Damian Chmiel
FINRA Sanctions IG Group's tastytrade for Alleged Two-Year Compliance Lapse
- The company faces a $30,000 fine for failing to properly supervise employees outside trading accounts between 2021–2023.
- The Chicago-based retail trading platform agreed to settle without admitting or denying the findings.
Thursday, 28/11/2024 | 11:03 GMT by
Damian Chmiel
This 20-Something Trader Outsmarted a Global Bank's Risk System, And Cost Them $58 Million
- Macquarie Bank's London branch employee, Travis Klein, evaded detection for 20 months despite multiple controls in place.
- The FCA fined MBL £13m for control failures that enabled a junior trader to hide millions in losses through fictitious trades.
Tuesday, 26/11/2024 | 10:22 GMT by
Damian Chmiel
FCA Concludes 16-Year Barclays Qatar Case With £40 Million Fine
- The banking giant agrees to pay a penalty for failing to disclose Qatari payment arrangements during 2008 crisis fundraising.
- Settlement ends decade-long regulatory battle and follows earlier acquittal of executives in criminal case.
Monday, 25/11/2024 | 08:09 GMT by
Damian Chmiel
Metro Bank's £51bn Blind Spot Leads to 3rd Largest FCA Fine of 2024
- Metro Bank faces a £16.7m fine from the FCA for failing to properly monitor over 60m transactions between 2016 and 2020.
- The bank's automated monitoring system reportedly had significant unaddressed flaws despite early warnings.
Tuesday, 12/11/2024 | 07:46 GMT by
Damian Chmiel
Known for Its Bitcoin ETFs, WisdomTree Fined $4 Million by US SEC
- The prominent crypto exchange-traded products issuers have been penalized for misrepresenting ESG fund investments.
- The firm's ETFs invested in fossil fuel and tobacco companies despite claims to the contrary.
Tuesday, 22/10/2024 | 06:59 GMT by
Damian Chmiel
200,000 People Lost $650 Million in This Crypto Scam
- NovaTech used an MLM scheme to lure investors from around the world, promising high returns.
- The SEC also fined OTC Link LLC $1.19M for failing to file Suspicious Activity Reports over a three-year period.
Tuesday, 13/08/2024 | 06:31 GMT by
Damian Chmiel
CySEC Slaps €740,000 Fine on 1Markets Operator for Multiple Breaches
- This is another significant fine following the €200K penalty imposed on IC Markets 3 weeks ago.
- These two fines alone account for nearly 50% of all penalties from 2023 imposed by the Cypriot regulator.
Wednesday, 07/08/2024 | 10:23 GMT by
Damian Chmiel
StoneX FX/CFDs Revenue Up by 6%, but FINRA Fine Overshadows Record Operating Numbers
- The company achieved the highest revenues in its history, $468.5 million, and higher CFD numbers.
- However, the positives are eclipsed by a decline in net profit and a fine of $75,000.
Wednesday, 07/08/2024 | 06:25 GMT by
Damian Chmiel
Largest Bitcoin Miner on Wall Street Ordered to Pay $138 Million
- Marathon Digital is reportedly required to pay a multimillion-dollar penalty to the founder of a competing mining company.
- Michael Ho allegedly developed a growth strategy for Marathon, but did not receive the appropriate compensation.
Tuesday, 23/07/2024 | 09:05 GMT by
Damian Chmiel
First $400M, Now Another $136M: Citigroup Pays Again for Risk Management Failures
- The Federal Reserve has fined Citigroup $60.6 million over persistent control weaknesses.
- A separate fine of $85 million was imposed by the Office of the Comptroller of the Currency.
Thursday, 11/07/2024 | 07:03 GMT by
Damian Chmiel
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