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Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
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Investing in US Securities? Something is Stalking You …
Thought Leadership
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
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Investing in US Securities? Something is Stalking You …
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Retail FX
Wedbush's Recordkeeping Blunders Lead to Multi-Million Dollar Fines by US Watchdogs
Wedbush Securities was fined $6 million for breaching recordkeeping and supervision CFTC rules.
A separate penalty of $10 million was imposed by the SEC.
Wednesday, 09/08/2023 | 06:31 GMT
by
Damian Chmiel
Retail FX
ASIC Reports $109M in Civil Penalties and 144 Ongoing Cases after H1 2023
The first half of 2023 saw 125 charges against individuals.
70 investigations have commenced, and 144 are still ongoing.
Wednesday, 02/08/2023 | 09:25 GMT
by
Damian Chmiel
Institutional FX
SFC Slaps City International Futures with $100,000 Fine for Regulatory Breaches
The SFC took into account many mitigating factors when imposing the penalty.
However, the regulator wanted to convey that such failures are unacceptable.
Thursday, 09/03/2023 | 10:06 GMT
by
Damian Chmiel
CryptoCurrency
Binance Talks about Compliance Gaps and Expects to Pay Penalties
The company's CSO confirmed that in the past, Binance had small "gaps" in its regulatory compliance.
Crypto exchange expects to pay penalties to resolve the US investigations.
Thursday, 16/02/2023 | 12:40 GMT
by
Damian Chmiel
Institutional FX
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.
Tuesday, 31/01/2023 | 12:17 GMT
by
Damian Chmiel
Institutional FX
CME Fines Grand International Futures $500,000 for ID Rule Violations
The rule violations persisted for more than a year.
The penalty came as a measure of the settlement.
Thursday, 29/12/2022 | 08:00 GMT
by
Arnab Shome
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
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News
Sparkster Agrees to Pay $35 Million to Harmed Investor Fund
The commission has recently issued a cease-and-desist order against the company and its CEO.
According to the order, Sparkster and its CEO raised almost $30 million from 4,000 investors.
Tuesday, 20/09/2022 | 08:15 GMT
by
Bilal Jafar
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
News
Robinhood Crypto to Pay $30 Million Penalty for AML and Consumer Protection Violations
The New York State Department of Financial Services announced the penalty on Tuesday.
According to the authority, Robinhood Crypto violated certain reporting requirements.
Wednesday, 03/08/2022 | 09:04 GMT
by
Bilal Jafar
Institutional FX
CFTC Fines JPMorgan for Swap Reporting Failures
The financial services provider failed to comply with its reporting obligations as a swap dealer.
The CFTC also highlighted the importance of timely reporting of swap transactions.
Wednesday, 06/07/2022 | 10:00 GMT
by
Bilal Jafar
Institutional FX
CFTC Slams $1.37m Fine on Starberry for Acting as FCM without a Permit
Starberry accepted more than $400 million from a foreign customer.
The corporation is to disgorge the 'unlawful' earnings.
Friday, 24/06/2022 | 20:10 GMT
by
Solomon Oladipupo
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
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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Institutional FX
BNY Mellon Investment Adviser to Pay a $1.5 Million Penalty
The US SEC charged BNY Mellon Investment Adviser on Monday.
The case occurred between July 2018 to September 2021.
Monday, 23/05/2022 | 19:42 GMT
by
Felipe Erazo
Institutional FX
CME Group Suspends Trader for Violating Rule 575
The trader received 6 months suspension following the findings of the Panel.
The violations took place towards the end of 2020.
Tuesday, 26/04/2022 | 08:38 GMT
by
Matti Williamson
Institutional FX
Westpac Banking Corporation to Pay $1.5 Million Penalty
The Federal Court has imposed a penalty on Westpac for mis-selling consumer credit insurance.
The financial firm issued consumer credit insurance policies to 141 customers who did not request the product.
Thursday, 07/04/2022 | 08:33 GMT
by
Bilal Jafar
Brokers
FINRA Imposes $75,000 Penalty on Crown Capital
The authority fined Crown Capital in violation of FINRA rules 2040 and 2010.
Crown Capital has been a member of FINRA since 1972.
Monday, 14/03/2022 | 12:16 GMT
by
Bilal Jafar
Institutional FX
FCA Imposes £783,800 Penalty on Barclays
The authority has fined Barclays for oversight failings in its relationship with Premier FX.
Barclays was the sole banker of Premier FX in the United Kingdom.
Monday, 28/02/2022 | 11:10 GMT
by
Bilal Jafar
FinTech
Ex-Credit Suisse Chairman Faces $2,200 Fine for Breaking COVID Rules
The Chairman of Credit Suisse, Antonio Horta-Osorio must pay a $2,200 fine.
The bank executive violated COVID-19 quarantine rules.
Thursday, 03/02/2022 | 07:30 GMT
by
Nicholas Otieno
Institutional FX
Credit Suisse to Defend $45M Penalty Order in Swiss Court
The bank is accused of its failures in anti-money laundering rules.
Antonio Horta-Osorio recently quit as Credit Suisse Chairman in a controversial way.
Monday, 31/01/2022 | 13:38 GMT
by
Arnab Shome
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FinTech
CySEC Imposes Administrative Fine of €3,000 on CIF Atlantic Securities Ltd
CySEC has imposed an administrative penalty on Atlantic Securities Ltd.
The regulator has decided to impose a fine of €3,000 on the Cypriot broker.
Tuesday, 25/01/2022 | 07:12 GMT
by
Nicholas Otieno
Institutional FX
NatWest Faces $35M Penalty in US for Treasury Market Manipulation
Traders of the bank placed spoofing orders between January 2008 and May 2014.
The bank pleaded guilty to the allegations.
Wednesday, 22/12/2021 | 07:02 GMT
by
Arnab Shome
Regulation
FCA Fines Sunrise Brokers £642K for Financial Crime Control Lapses
The broker’s services were exploited by its clients in two incidents.
Friday, 12/11/2021 | 13:01 GMT
by
Arnab Shome
Institutional FX
SEC Ends Investigation against S&P Dow Jones Indices after $9M Settlement
The company allegedly published old index values.
Monday, 17/05/2021 | 16:30 GMT
by
Arnab Shome
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