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Institutional FX

SIX Fines Swissquote CHF 75K for Violation of Ad hoc Publicity Rule

The enforcement penalizes a June 16, 2021 press release distribution by Swissquote.
Swissquote says the sanction was reduced from CHF 125K for being less severe.

Friday, 06/01/2023 | 10:54 GMT by Solomon Oladipupo

Institutional FX

FINRA Slams $165k Fine on Instinet for Data Inaccuracy and Poor Supervision

Instinet published 54 inaccurate monthly reports between 2015 and 2019.
The broker also under-reported about 5% of the total covered orders during the period.

Monday, 12/12/2022 | 20:09 GMT by Solomon Oladipupo

Institutional FX

US SEC Recovers Record $6.4bn in Penalties and Disgorgement in FY22

The number of recovered funds shot up 67% from the prior year's $3.9 billion.
The SEC paid a record $229 million to whistleblowers in FY22.

Wednesday, 16/11/2022 | 03:24 GMT by Solomon Oladipupo

Institutional FX

16 Wall Street Firms to Pay $1.1B for 'Off-Channel Communications'

The firms include Barclay Capital, BofA, Citigroup and Goldman Sachs, among others.
The violation happened between January 2018 and September 2021.

Wednesday, 28/09/2022 | 00:00 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

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