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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
FinTech

Hong Kong Imposes HK$6M Fine on Commerzbank AG for AML Lapses

  • The offence was committed between April 2012 and June 2016.
  • HKMA said Commerzbank AG has taken 'prompt remedial action'.
Friday, 26/08/2022 | 14:11 GMT by Solomon Oladipupo
Retail FX

AMF Fines 123 Investment Managers EUR 200,000

  • The Committee accused the firm of breaching its professional obligations.
  • It was related to procedures concerning the disclosure of information to third parties.
Monday, 18/07/2022 | 21:26 GMT by Felipe Erazo
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
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
Retail FX

CySEC Fines CIF Capital Com SV Investments Ltd. for Non-compliance with Article 16(2)

  • The company was fined for late reporting of two suspicious transactions that happened over a year.
  • CySEC added the fact that the company reported the suspicious transactions, albeit belatedly.
Wednesday, 06/04/2022 | 13:05 GMT by Matti Williamson
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
Institutional FX

SFC Imposes $8 Million Fine on Grand International Futures

  • The commission suspended the responsible officer for regulatory breaches.
  • The company failed to comply with AML requirements between October 2017 and October 2018.
Thursday, 30/12/2021 | 11:14 GMT by Bilal Jafar
Brokers

24option Operator Faces €15K Fine in the Netherlands

  • The company did not cooperate with an investigation by the Dutch regulator.
  • The fine was kept on the lower side because of the firm’s financial condition.
Wednesday, 29/12/2021 | 13:08 GMT by Arnab Shome
Institutional FX

BaFin Fines Deutsche Bank €8.66M for Benchmark Control Failures

  • It was a big blow to the reputation of the German lender.
  • The bank has already accepted the fine.
Wednesday, 29/12/2021 | 10:32 GMT by Arnab Shome
News

Turkish Regulator Fines Binance $750K

  • The exchange allegedly violated local anti-money laundering laws.
  • It was the first such action against any crypto platform in the country.
Monday, 27/12/2021 | 07:29 GMT by Arnab Shome
Institutional FX

FCA Seeks £40.8M Fine from Hedge Fund BlueCrest Capital

  • The regulator slapped charges of failure to manage conflict of interest.
  • The hedge fund has now taken the case to the Upper Tribunal.
Wednesday, 22/12/2021 | 12:58 GMT by Arnab Shome
Institutional FX

Standard Chartered Bank Fined £46.5 Million for Regulatory Failures

  • This is the highest penalty imposed by the PRA in an individual enforcement case.
  • The bank has agreed to rectify the lapses in its system.
Monday, 20/12/2021 | 10:37 GMT by Arnab Shome
Institutional FX

FCA Fines HSBC £64 Million for AML Lapses

  • The bank’s AML system had serious lapses for eight years.
  • It is not working with FCA to strengthen its AML processes.
Friday, 17/12/2021 | 09:41 GMT by Arnab Shome
Institutional FX

NatWest Faces £265 Million Fine for FCA’s Money Laundering Charges

  • The bank already pled guilty to the charges brought against it.
  • “Without the Bank… the money could not be effectively laundered,” the Judge stated.
Tuesday, 14/12/2021 | 07:18 GMT by Arnab Shome
Institutional FX

CME Group Slaps $75K Fine on GFI Securities for Reporting Violations

  • GFI neither accepted nor denied the allegations.
Monday, 22/11/2021 | 08:30 GMT by Arnab Shome
Institutional FX

SFC Imposes $5.5 Million Fine on Ample Capital Limited

  • The authority suspended the company’s responsible officer for IPO sponsor failures.
Monday, 18/10/2021 | 09:50 GMT by Bilal Jafar
Brokers

Estonian Regulator Slapped €32,000 Fine on Admiral Markets AS

  • The regulator found a lack of clarity on the broker's changing terms.
Tuesday, 09/02/2021 | 11:23 GMT by Arnab Shome
Brokers

TopForex Operator Settles with CySEC for €270,000

  • The Goldenburg Group manages multiple forex brands under its CIF license.
Monday, 01/02/2021 | 15:49 GMT by Arnab Shome
Regulation

FINRA Slaps $6.5 Million Fine on LPL Financials

  • The regulatory authority fined LPL for failing to establish a supervisory system to meet compliance requirements.
Monday, 04/01/2021 | 13:46 GMT by Bilal Jafar
Institutional FX

Barclays Fined £26 Million for Mistreating Borrowers

  • The bank has already initiated the redressing program and paid over £273 million.
Tuesday, 15/12/2020 | 12:28 GMT by Arnab Shome
Institutional FX

US Court Slaps $7 Million Fine on TFS-ICAP for Misleading Clients

  • The former CEO and emerging markets desk head were penalized with $500,000 each.
Tuesday, 15/12/2020 | 06:59 GMT by Arnab Shome
Institutional FX

StoneX Gets $20,000 Fine for Alleged Trade Transfer Violations

  • The company did not admit or deny the allegations.
Monday, 14/12/2020 | 08:16 GMT by Arnab Shome
Regulation

FCA Slaps £3.44 Million Fine on TFS-ICAP

  • The FX options broker was found guilty of communicating misleading information to clients.
Monday, 23/11/2020 | 14:06 GMT by Bilal Jafar
Regulation

FINRA Slaps $475,000 Fine on CitiGroup Global Markets

  • The authority fined CitiGroup for failing to disclose potential conflict of interest related to equity research reports.
Wednesday, 11/11/2020 | 09:23 GMT by Bilal Jafar
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