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Exploring CFD Trading Platforms and Tools for Beginners and
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The Use of Blockchain Technology in the Energy Industry to
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Pros and Cons of AI in Sentiment Trading: Revolutionizing
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Exploring CFD Trading Platforms and Tools for Beginners and
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CryptoCurrency
Canada Beats US, UK and China in Number of Gen Z Investors: FINRA
The study is based on a survey of nearly 2,900 Gen Z investors across the regions.
More than half of zoomers in the US are investors with crypto as their top choice.
Wednesday, 24/05/2023 | 22:18 GMT
by
Solomon Oladipupo
Institutional FX
Goldman Sachs Fined $3M for Mismarking 60M Short Sale Orders
The mismarking was caused by a coding error.
The global bank agreed to the fine without admitting or denying FINRA findings.
Wednesday, 05/04/2023 | 12:43 GMT
by
Solomon Oladipupo
Retail FX
News Nuggets | 5 April: BUS Offers Interest; FINRA Warns against Phishing
Also FINMA, Eventus, and PostFinance.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Wednesday, 05/04/2023 | 09:10 GMT
by
Finance Magnates Staff
Retail FX
FINRA Hits Webull with $3M Fine for Permitting Unqualified Options Traders
FINRA also faulted Webull's supervisory system.
The regulator has fined SageTrader, UBS Securities and others since the start of the year.
Thursday, 09/03/2023 | 21:32 GMT
by
Solomon Oladipupo
Institutional FX
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.
Wednesday, 08/02/2023 | 20:31 GMT
by
Solomon Oladipupo
Institutional FX
FINRA Slams $475K Fine on UBS Securities—Second in 4 Months
UBS released 41 reports between 2015 and 2019 allegedly containing inaccurate details.
The broker-dealer has agreed to settle without admitting or denying FINRA's findings.
Monday, 06/02/2023 | 16:41 GMT
by
Solomon Oladipupo
Executives
FINRA Head of Enforcement, Jessica Hopper, to Exit after 18 Years
Hopper joined FINRA in 2004 as an Enforcement Attorney.
FINRA issued its largest financial penalty under Hopper's leadership.
Tuesday, 24/01/2023 | 22:13 GMT
by
Solomon Oladipupo
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Institutional FX
FINRA Fines BGC Financial $175K for TRACE Reporting Errors
BGC reported the execution times in seconds instead of milliseconds.
The company agreed to settle with the self-regulatory agency.
Monday, 23/01/2023 | 08:53 GMT
by
Arnab Shome
Institutional FX
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.
Monday, 16/01/2023 | 17:50 GMT
by
Solomon Oladipupo
Institutional FX
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.
Thursday, 29/12/2022 | 21:28 GMT
by
Solomon Oladipupo
Institutional FX
FINRA Fines Wells Fargo $200K for Overstating Trade Volume
The lapses in the company’s systems persisted from December 2016 until June 2018.
The firm has accepted the fine and settled the charges.
Friday, 23/12/2022 | 08:08 GMT
by
Arnab Shome
Institutional FX
FINRA Slams $165k Fine on Instinet for Data Inaccuracy and Poor Supervision
Instinet published 54 inaccurate monthly reports between 2015 and 2019.
The broker also under-reported about 5% of the total covered orders during the period.
Monday, 12/12/2022 | 20:09 GMT
by
Solomon Oladipupo
Retail FX
TRADE.com Owner Gets FINRA License, Expands to US Market
FINRA granted TRADE.com a broker-dealer license.
The broker is regulated in five different jurisdictions.
Wednesday, 07/12/2022 | 12:07 GMT
by
Damian Chmiel
Executives
FINRA Promotes Jonathan Sokobin to be Its New Executive VP
Sokobin will also take on the role of Head of Regulatory Economics and Market Analysis.
He brings more than fourteen years of experience to the role.
Friday, 02/12/2022 | 11:22 GMT
by
Tom Hazan
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Institutional FX
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.
Tuesday, 01/11/2022 | 16:55 GMT
by
Solomon Oladipupo
Retail FX
FINRA Slaps $100k Penalty on Dealerweb for TRACE Violations
The penalty is for inaccurate TRACE transaction reports and a deficient supervisory system.
Dealerweb paid $37,500 to FINRA for various TRACE violations between 2013 and 2017.
Tuesday, 18/10/2022 | 16:38 GMT
by
Solomon Oladipupo
Institutional FX
FINRA Penalizes UBS Securities $2.5M for 73,000 ‘Naked’ Short Sales
The violations occurred between 2009 and 2018.
The US SEC recently fined UBS Securities $125 million alongside 14 other broker-dealers.
Wednesday, 05/10/2022 | 10:58 GMT
by
Solomon Oladipupo
Brokers
FINRA Imposes a Fine on Vision Financial
The financial services provider failed to implement a reasonable AML program.
Vision Financial has been a member of FINRA since 2008.
Monday, 19/09/2022 | 09:57 GMT
by
Bilal Jafar
Brokers
ViewTrade Fined $250,000 for AML and Reporting Lapses
The company failed to implement an AML program to detect and report suspicious transactions.
The platform offers trading services with stocks and options.
Wednesday, 24/08/2022 | 09:40 GMT
by
Arnab Shome
Brokers
Introducing Broker SageTrader Fined $775K for Supervisory Failures
The platform did not have any supervisory system to detect potentially manipulative trading until 2015.
It did not have enough resources and manpower to supervise manipulative practices.
Friday, 22/07/2022 | 07:03 GMT
by
Arnab Shome
Institutional FX
FINRA Imposes $325,000 Fine on BofA Securities
BofAS has been a member of FINRA since 2018.
According to the regulatory authority, the company violated Regulation NMS Rule 605 and FINRA Rule 2010.
Monday, 18/07/2022 | 08:07 GMT
by
Bilal Jafar
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Institutional FX
Barclays Pays $2.8M Fine for Customer Confirmation Non-Compliance
There were 11 underlying issues resulting in failure.
The bank was aware of the inaccuracies from mid-2017.
Thursday, 30/06/2022 | 11:08 GMT
by
Arnab Shome
Institutional FX
FINRA Fines National Securities Corp $9 Million for Market Violations
The firm is accused of attempting to artificially influence the aftermarket.
It includes a disgorgement of $4.77 million in net profits.
Thursday, 23/06/2022 | 17:23 GMT
by
Felipe Erazo
Executive Moves
Michael Solomon Becomes FINRA’s Senior Vice President of Examinations
He worked for firms like Jefferies, UBS and Merrill Lynch.
Solomon previously was employed in FINRA in an executive role.
Thursday, 02/06/2022 | 21:22 GMT
by
Felipe Erazo
Institutional FX
Cboe’s BIDS Trading Fined $200K for Overstating Trade Volume
It overstated the advertised trade volumes due to system errors.
It has already accepted the penalty order.
Thursday, 26/05/2022 | 08:50 GMT
by
Arnab Shome
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