Regulatory Fine
June 26th, 2015
Global Regulators Cyprus Securities and Exchange Commission (CySec) Fines Imposed for Year 2015 and 2016
SEC Charges Unregistered Brokers in EB-5 Immigrant Investor Program
June 24th, 2015
The Securities and Exchange Commission today charged two firms that illegally brokered more than $79 million of investments by foreigners seeking U.S. residency. The charges are the first against brokers handling investments in the government’s EB-5 Immigrant Investor Program ...
FINRA Fines Morgan Stanley Smith Barney and Scottrade a Total of $950,000
June 23rd, 2015
The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Morgan Stanley Smith Barney, LLC (Morgan Stanley) $650,000 and Scottrade, Inc. $300,000 for failing to implement reasonable supervisory systems to monitor the transmittal of customer funds to ...
UBS Gave Out ‘Instruction Manual on Fixing Libor,’ Hayes Said
June 19th, 2015
Thomas Hayes, a former trader on trial over charges he manipulated benchmark rates, told prosecutors in 2013 that UBS Group AG distributed “an instruction manual on fixing Libor” to suit their trading positions. The Swiss bank’s e-mailed “Guide to ...
FCA warning against clone firm
June 18th, 2015
The Financial Conduct Authority (FCA) of the United Kingdom has issued a warning to alert all recipients that: Fraudsters are using or giving out the following details as part of their tactics to scam people: Clone firm details UBS Wealth Management ...
First Data unveils Clover Mini payment terminal; BofA begins roll out
June 17th, 2015
Unveiling the latest of its best-in-class business management tools for business owners, First Data, the global leader in payment technology and services solutions, today announced the launch of Clover Mini, the newest member of the Clover family of products. ...
FCA warning against clone firm
June 16th, 2015
The Financial Conduct Authority (FCA) of the United Kingdom has issued a warning to alert all recipients that: Fraudsters are using or giving out the following details as part of their tactics to scam people: Clone firm details Garnier Global Finance ...
Swiss Trader to Pay $2.8 Million to Settle Insider Trading Charges
June 16th, 2015
The Securities and Exchange Commission announced that a Swiss trader has agreed to pay more than $2.8 million to settle charges that he traded on nonpublic information ahead of a Florida-based biometrics company’s acquisition by Apple Inc. A SEC investigation ...
UK tax authorities pay record £605,000 to informants
June 15th, 2015
Amount paid by HMRC to reward tip-offs rises by 50% in a year in bid to recoup tens of billions lost annually to tax fraud The amount of money paid to informants by HMRC in its attempts to crack down on ...
FCA warning against clone firm
June 11th, 2015
The Financial Conduct Authority (FCA) of the United Kingdom has issued a warning to alert all recipients that: Fraudsters are using or giving out the following details as part of their tactics to scam people: Clone firm details Trusted Home Loans ...
