Search Results for: Financial Conduct Authority
ESMA raises its market risk indicator to highest level
September 15th, 2015
The European Securities and Markets Authority (ESMA) has published today its Trends, Risks and Vulnerabilities Report No. 2 for 2015 on European Union (EU) securities markets, covering market developments from January to June 2015. It has also published its Risk Dashboard No. ...
FMA releases enforcement and investigations report 2015
August 28th, 2015
The Financial Markets Authority (FMA) published its enforcement and investigations report for the year ending 30 June 2015. The report shows the FMA’s enforcement and investigations activities closely reflect the FMA’s focus on the seven strategic priorities that it identified ...
FINRA Fines Charles Schwab & Co., Inc. $2 Million for Net Capital Deficiencies
August 25th, 2015
The Financial Industry Regulatory Authority (FINRA) announced today that it has censured and fined Charles Schwab & Co., Inc. $2 million for net capital deficiencies and for related supervisory failures. The net capital deficiencies occurred on three separate dates ...
ASIC bans former representative of Macquarie Equities Limited
August 10th, 2015
ASIC has banned Mr Shawn Hickman, of Middle Cove, New South Wales, from providing financial services for six years after he engaged in unauthorised discretionary trading on his clients’ accounts and created false records. Mr Hickman was a representative ...
Deutsche Bank Fires Two Senior Trading Executives
August 6th, 2015
Ben Solomon and Ashish Jain are no longer with the bank Deutsche Bank AG has fired two senior trading executives for alleged lax supervision of a pair of more junior employees whose communications with clients allegedly violated the lender’s policies, a ...
FINRA USA Fines Aegis Capital Corp. $950,000
August 5th, 2015
Two Chief Compliance Officers Fined and Suspended Aegis CEO Fined and Suspended for Failure to Report Liens The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Aegis Capital Corp. $950,000 for improperly selling unregistered penny stocks ...
Execution Broker ITG Ousts CEO Gasser After Probe
August 4th, 2015
Investment Technology Group’s investigation found Robert Gasser failed to disclose some details of alleged improprieties to board The announcement of ITG was saying that the company has replaced Bob Gasser as its chief executive officer with Jarrett Lilien, a ...
FMA files civil proceedings against portfolio manager for alleged market manipulation
July 31st, 2015
The Financial Markets Authority (FMA) has issued civil proceedings in the High Court seeking pecuniary penalties against Mr Mark Warminger for trading carried out while employed by Milford Asset Management Limited (Milford). The trading occurred between December 2013 and ...
FINMA Switzerland warns for unauthorised firms
July 29th, 2015
FINMA, the Swiss Supervisory authority, has issued a warning to inform investors for companies suspected of conducting unauthorised activities in the financial market. FINMA added on July 29 the below companies in its Negative list: 1) UK Options Address: ...
Morgan Stanley to pay more than $2.3 million to a group of investors for losses
July 29th, 2015
Firm accused of unauthorized trading and other misdeeds by brokers in Jackson, Miss.-area branch An arbitration panel ordered Morgan Stanley to pay more than $2.3 million to a group of investors for losses tied to alleged unauthorized trading and other misdeeds ...
