PENALTY

Global Futures & Forex Ltd (GFT) to Pay $200K Fine by CFTC to Settle Capital Violation Charges

The order settles charges against Global Futures & Forex, Ltd. (GFT) over a failure to comply with minimum financial requirements that occurred between December 2010 and November 2012, prior to the GCAP acquisition. ...

RP Martin Fined by CFTC and FCA, over Yen Libor Manipulation, Totaling $2.2M in

RP Martin Holdings Limited, and subsidiary Martin Brokers (UK) Ltd were fined a total $2.2M, of which $1.2M was ...

CySEC Fines AFX Capital Markets Ltd €10,000 on a Number of Violations

The company operating the AFX Capital brand, based in Cyprus, and with multiple entities regulated in several jurisdictions, got ...

Taiwanese Regulator to Punish Four Banks for Selling Complex FX Derivatives

After the recent drop in the Yuan exchange rate, the Financial Supervisory Commission of the Republic of China announced ...

CySEC Fines DC Digital Processing 2 Ltd €5,000 for Its Optionbit.com Website

The petty administrative fine was delved out by the Cyprus Securities and Exchange Commission (CySEC) after it determined the ...

Alpari US Fined $50,000 by NFA for Insufficient Compliance with Fortress

Failure to submit complete trade reports to the NFA's Forex Transaction Reporting Execution Surveillance System and failure to maintain ...

FXDD Hit With €25,000 Fine From Malta Financial Regulators

The Malta Financial Services Authority (MFSA) has announced this week that it has fined forex broker FXDD €25,000 for ...

Kanto Business Bureau Lifts Business Improvement Order From FXCM Japan

After a year and a half under a Business Improvement Order, the Kanto Financial Bureau has lifted the Order ...

Federal Court Ruling in Forex Fraud, $1.5M in CFTC Sanctions to Mark E. Rice

A permanent registration/ trading ban, handed down by a Texas court, to defendant Mark E. Rice, along with $1.5 ...

8 Dealers in Derivatives Rigging Scandal Fined a Total of €1.71 Billion by European

UBS, Citigroup, Barclays, Deutsche Bank, RBS, Société Générale, JPMorgan and RP Martin named in settlement with European Commission in ...

Futures Broker Jeffrey Gustaveson To Pay $1.2M Penalty for CPO Fraud Uncovered by CFTC

Federal Court orders California man permanent ban from CFTC/NFA, and to provide $410K in restitution and $1.2M penalty in ...

CFTC Issues $400,000 Penalty For FX Fraud and Misappropriation of Funds

The US Commodity Futures Trading Commission has today announced the citation of three individuals and their associated firms for ...

NFA Issues IBFX With $600,000 Penalty For FX Execution Reporting Inadequacies

Signaling a return to work for the NFA, IBFX has been censured for failing to report trade execution data ...

FXDD Compliance Officer Fined $75,000 By NFA For Irregularities In AML Procedure

Further demonstrating the regulatory effort directed at ensuring that funds received by FX firms are legitimate, the NFA has ...

NFA Responds To Two Complaints And Hits Interactive Brokers With $300,000 Penalty

Following two complaints that Interactive Brokers was allegedly not exercising correct procedures relating to client funds, and using unregistered ...

CySEC Releases Announcement Confirming Reasoning for Handing LQD Markets €80,000 Penalty, Confirms Settlement

Subsequent to yesterday's exclusive report by Forex Magnates that Cypriot regulator CySEC has demanded LQD Markets to pay 80,000 ...

Gotcha! Singapore's MAS Cites 133 FX Traders for Attempts To Manipulate Regulatory Benchmarks

Singapore's MAS identified 133 traders engaging in what the regulator describes as intentionally influencing the financial benchmarks after a ...

Royal Bank of Scotland Group Prosecuted by CFTC For Manipulation and False Reporting of

The Royal Bank of Scotland plc (RBS) and its Japanese entity RBS Securities Japan Limited have been ordered by ...

FXGM clears the air following CySec's fine

FXGM, which yesterday was handed a 25,000 euros fine by CySec, has decided to clear the air concerning the reasons ...

CySec fines FXGM, makes a statement regarding ForexYard and IKOFX

CySec, Cyprus’s Financial Securities Regulator which overseas the operations of local Forex firms amongst others, has published the following ...

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