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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
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
FINRA Levies Joint $1.5Million Fine against Wells Fargo Affiliates
- The Financial Industry Regulatory Authority (FINRA) has issued a collective fine for two broker-dealers under common control, Wells Fargo Advisors (WFA) and Wells Fargo Advisors Financial Network (WFAFN) for $1.5 million.
Thursday, 18/12/2014 | 22:02 GMT by
Jeff Patterson
INTL FCStone Inc Acquires Fixed Income Dealer G.X. Clarke & Co
- The target company is dealing with U.S. treasuries, federal agency and mortgage-backed securities primarily to institutional investors, the closing of the deal is expected to conclude in early 2015.
Thursday, 13/11/2014 | 10:22 GMT by
Victor Golovtchenko
FINRA & SEC Issue Investor Warning on Penny Stock Fraudsters
- The Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission's (SEC) Office of Investor Education and Advocacy has released a warning to investors over volatile penny stocks.
Thursday, 30/10/2014 | 17:53 GMT by
Jeff Patterson
FINRA Fines Merrill Lynch $6 Mln for Failing to Prevent Naked Short Selling
- Bank of America will have to pay for both the fines after it took over Merrill Lynch at the height of the financial crisis in September 2008 inheriting the units which didn't comply with SEC's "fail-to deliver" rules.
Monday, 27/10/2014 | 23:08 GMT by
Victor Golovtchenko
NYSE Integrates Cinnober for Its Regulatory Technology Provisions
- The NYSE Group has announced that its NYSE Regulation operations has selected Cinnober for its technology provisions as it looks to expand its market surveillance and enforcement program for its exchanges.
Tuesday, 07/10/2014 | 09:34 GMT by
Jeff Patterson
NYSE Turns to Its Subsidiary for Surveillance, Investigation and Enforcement Instead of FINRA
- The group will not extend its contract with the Financial Industry Regulatory Authority and its NYSE Regulation will directly perform the functions for the group’s three equities exchanges and two options exchanges.
Monday, 06/10/2014 | 18:57 GMT by
Avi Mizrahi
FINRA Approves Series of Rule Changes Regarding HFT & Algorithmic Trading
- The Financial Industry Regulatory Authority (FINRA) issued an announcement highlighting that its Board of Governors approved a series of proposed rule changes related to equity trading and fixed income rulemaking.
Friday, 19/09/2014 | 20:26 GMT by
Victor Golovtchenko
FINRA Fines Citigroup Global Markets $1.85M Following Supervisory Violations
- The Financial Industry Regulatory Authority (FINRA) has levied a $1.85 million fine against Citigroup Global Markets Inc., which now is also responsible for paying $638,000 in restitution, plus interest.
Tuesday, 26/08/2014 | 14:32 GMT by
Jeff Patterson
Breaking: Citadel Securities Expands into FX Market-Making, Teams up with Shift Forex
- One of the leading equity and options market makers in the US, Citadel Securities LLC, has announced that it will add FX to its portfolio of liquidity offerings, teaming up with consultancy firm Shift Forex
Tuesday, 27/05/2014 | 05:00 GMT by
Victor Golovtchenko
SecondMarket Aims to Open Up Bitcoin Investment Trust to Regular Investors
Thursday, 20/03/2014 | 10:10 GMT by
Leon Pick
FINRA Alerts Investors, "Bitcoin: More Than a Bit Risky"
- The Financial Industry Regulatory Authority alerts investors concerning the risks of bitcoin trading including recent volatility as well as the advent of fraudsters trying to use bitcoin-related scams to dupe investors.
Wednesday, 12/03/2014 | 03:40 GMT by
Steven Hatzakis
Data on 2,000 Customers Stolen From Barclays, Whistleblower Confirms to News
- Forex Magnates investigates reports by the Mail on Sunday, the UK publication of the Daily Mail, that 2,000 customers' account data had been stolen from Barclays, as shown by a whistleblower to the news publication.
Monday, 10/02/2014 | 20:39 GMT by
Steven Hatzakis
BATS and Direct Edge Get Green Light from SEC to Merge, Rebate Model Paying Off
- Two regulated stock exchanges with a combined market-share of nearly 20% of the US stock market volumes got regulatory approval from the Securities and Exchange Commission to merge, deal is expected to close within days.
Saturday, 01/02/2014 | 13:41 GMT by
Steven Hatzakis
Brown Brothers Harriman Appoints Michael McGovern as MD, CIO and Head of Systems
- Ex-Citi Transaction Services Managing Director and Global Technology Head of Securities & Fund Services has been appointed several senior roles at BBH which operates in seventeen global locations, and in markets such as FX.
Tuesday, 21/01/2014 | 19:28 GMT by
Steven Hatzakis
FINRA Highlights Brokers' Integrity, Cyber Security in 2014 Manifest
- The Financial Industry Regulatory Authority (FINRA) released its annual Regulatory and Examination Priorities letter, warning of a plethora of risk factors and issues that could affect markets in 2014.
Friday, 03/01/2014 | 07:08 GMT by
Jeff Patterson
Knight Capital Americas Gets Renamed KCG Americas, Unlocks Cost Synergies
- The NJ-based operator in both US Equities and Foreign Exchange markets, through its diversified businesses, has consolidated post-merger related entities to unlock cost benefits as its renames a key business segment.
Thursday, 02/01/2014 | 14:13 GMT by
Steven Hatzakis
Further US Regulators Delve Deep Into Activities Of Algorithmic Traders: FINRA Questions 10 HFT Firms
- As the first prosecution of an algorithmic trader for market abuse under the Dodd-Frank comes into being, FINRA demonstrates its will to investigate the world of algorithmic trading by issuing detailed questionnaires to HFT firms.
Tuesday, 23/07/2013 | 08:40 GMT by
Andrew Saks McLeod
FINRA Fines Hold Brothers for Manipulative Trading and Other Violations
Tuesday, 25/09/2012 | 22:58 GMT by
Adil Siddiqui
Raymond James chooses Rapid Additions FIX messaging for FINRA reporting
Tuesday, 30/08/2011 | 11:08 GMT by
Adil Siddiqui
Gain Capital about to launch Gain Securities - its securities brokerage division
Tuesday, 28/06/2011 | 07:54 GMT by
Michael Greenberg
FINRA approves Monex Group's bid for TradeStation
Tuesday, 07/06/2011 | 08:43 GMT by
Michael Greenberg
Time for forex portals self-regulatory organization?
Monday, 26/07/2010 | 10:58 GMT by
Michael Greenberg
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