Search Results for: Financial Conduct Authority
FINRA fined full-service investment firm $2.9 Million
June 9th, 2016
FINRA Sanctions Oppenheimer & Co. $2.9 Million for Unsuitable Sales of Non-Traditional ETFs and Related Supervisory Failures The Financial Industry Regulatory Authority (FINRA) announced today that it has fined full-service investment firm Oppenheimer & Co. Inc. $2.25 million and ordered ...
FINRA Fines E*Trade Securities $900,000
June 3rd, 2016
The Financial Industry Regulatory Authority (FINRA) announced that it has censured and fined E*Trade Securities LLC $900,000 for failing to conduct an adequate review of the quality of execution of its customers’ orders and for supervisory deficiencies concerning the ...
MAS directs Swiss Bank “BSI Bank” to shut down in Singapore
May 24th, 2016
The Monetary Authority of Singapore (MAS) announced today that it has served BSI Bank Limited (BSI Bank) notice of intention to withdraw its status as a merchant bank in Singapore for serious breaches of anti-money laundering requirements, poor management ...
FMA ordered foreign exchange educator to change its marketing materials
May 20th, 2016
The Financial Markets Authority (FMA) has ordered a foreign exchange educator to change its marketing materials on the basis that they were misleading or deceptive, and it had made unsubstantiated statements about its services. Cambrian Corporation Limited (Cambrian) offers ...
FINRA Fines Raymond James $17 Million for Systemic Anti-Money Laundering Compliance Failures
May 19th, 2016
Former AML Compliance Officer Fined and Suspended The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Raymond James & Associates, Inc. (RJA) and Raymond James Financial Services, Inc. (RJFS), a total of $17 million for widespread ...
Bitcoin operators await regulation in Japan
May 11th, 2016
Bitcoin operators await regulation in Japan amid push for legitimacy and widespread use Bitcoin operators are keenly watching the Diet as it deliberates bills to regulate the currency, believing the legislation is key to regaining the public trust’s in ...
Craigs Investment Partners admitted that has breached the Anti-Money Laundering and Countering Financing of Terrorism Act
May 5th, 2016
The Financial Markets Authority (FMA) has today issued a formal warning to Craigs Investment Partners Limited (Craigs) under section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the AML/CFT Act). Section 22 of the AML/CFT ...
SEC announced fraud charges against 10 individuals involved in schemes to trick investors
May 4th, 2016
The Securities and Exchange Commission today announced fraud charges against 10 individuals involved in schemes to trick investors into buying shares of a particular company stock. The schemes were allegedly fraught with cash bribes and other kickbacks to registered ...
ESMA announces EU-wide stress tests for CCPs
April 18th, 2016
The European Securities and Markets Authority (ESMA) has announced today the publication of its first EU-wide stress test exercise regarding Central Counterparties (CCPs) on 29 April 2016. ESMA is mandated to conduct stress tests of CCPs under the European ...
Oil crisis? Here is how Saudi Arabia plans to shake up its economy
April 14th, 2016
In late February, several hundred Saudi officials, company executives and foreign consultants gathered in a luxury Riyadh hotel to discuss how Saudi Arabia’s economy could survive an era of cheap oil. In late February, several hundred Saudi officials, company ...
