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FCA Slams Barclays with Fresh $108-Million Fine
- The UK markets regulator found that the bank had neglected its own due diligence procedures.
Thursday, 26/11/2015 | 10:24 GMT by
Irina Slav
Barclays in for Another Hefty Forex Fine
- New York’s Department of Financial Services starts hunt down of European banks
Tuesday, 17/11/2015 | 21:12 GMT by
Irina Slav
OZ Management LP Fined $4.25 Million For Misleading Data
- The firm's dodgy data beleaguered the books of its four prime brokers and flowed into various SEC records and data.
Tuesday, 14/07/2015 | 15:54 GMT by
Andy Traveller
American Stocks Day-Trading Firm Monex Fined $1.3 Million for Not Registering Mexican Personnel
- Unregistered employees conducted business on Monex's behalf in the US, including collecting client information needed to open accounts, making investment recommendations to clients and transmitting orders.
Tuesday, 30/12/2014 | 16:12 GMT by
Avi Mizrahi
Introducing Broker BBFX Fined $25,000 by Overzealous American Watchdog for Non-US Business
- The NFA decided that BBFX failed to implement an adequate customer identification program for foreign clients introduced to brokers outside the US, monitor accounts for suspicious activity, and conduct AML training.
Monday, 29/12/2014 | 20:17 GMT by
Avi Mizrahi
Clearing House Pershing Fined $3 Million by American Regulator for Endangering Client Funds
- FINRA found that from November 2010 to August 2011, Pershing failed to maintain adequate reserves to meet its reserve deposit requirements with deficiencies ranging from approximately $4 million to $220 million.
Monday, 29/12/2014 | 17:01 GMT by
Avi Mizrahi
Barclays' Settlement with Authorities on Forex Manipulation Scandal to Exceed £500 Million
- The London based bank’s CEO said to Sky News he is hoping to settle forex manipulation allegations in 2015, reckoning that the half a billion pound set aside for it may be insufficient: “It will be a bigger number."
Thursday, 18/12/2014 | 11:31 GMT by
Finance Magnates Staff
CFTC Issues IBFX with $600,000 Penalty for Failure to Meet Minimum Net Capital Requirements
- The CFTC requires IBFX to pay a $600,000 monetary penalty and to develop an automated system that will enable the real-time monitoring of its exposure, and adopt risk management procedures regarding 24-hour monitoring.
Wednesday, 10/12/2014 | 20:01 GMT by
Avi Mizrahi
American Watchdog Hits FXDD with Another $500,000 Fine, Limits It to Operate Only as IB
- The company behind the U.S entity of FXDD, New York based FXDirectDealer LLC, has settled to pay another $500,000 for inadequate anti-money laundering program and failure to supervise operations and employees.
Wednesday, 10/12/2014 | 19:13 GMT by
Avi Mizrahi
Financial Robotics Ordered by CFTC to Pay $3 Mln for 'Risk Free' Forex Fraud
- Mark E. Rice and his company Financial Robotics get another fine, however chances are slim that these hefty fines will be ever paid back since Mr Rice has already to pay $1.5 million from a January 2014 order.
Friday, 24/10/2014 | 16:25 GMT by
Victor Golovtchenko
Beleaguered BNP Paribas Chairman Baudoin Prot Announces Resignation
- BNP Paribas is poised to lose its chairman, following the announced resignation of Baudoin Prot, who will rescind his position as of December 1 for personal reasons, according to a statement from BNP’s board.
Saturday, 27/09/2014 | 12:41 GMT by
Jeff Patterson
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