Search Results for: regulators
FINRA fines broker dealer $750,000
September 13th, 2017
FINRA Hearing Panel Fines C.L. King & Associates $750,000 for Negligent Misrepresentations and Omissions in Connection with Death Put Investments and AML-Related Violations The Financial Industry Regulatory Authority (FINRA) announced that a FINRA extended hearing panel censured Albany, NY-based ...
ASIC bans former financial adviser for five years
September 11th, 2017
ASIC has banned former financial adviser Daniel Gerard Manley from providing financial services for five years. ASIC found that Mr Manley engaged in conduct that was misleading or deceptive, or likely to mislead or deceive, clients and employees of ...
Federal Reserve outlines next steps for payment system improvement
September 7th, 2017
The Federal Reserve published, Strategies for Improving the U.S. Payment System: Federal Reserve Next Steps in the Payments Improvement Journey, a paper identifying updated tactics it will pursue to help improve the speed, safety and efficiency of the U.S. ...
Ikon Global Markets ordered to Pay $200,000
September 4th, 2017
The U.S. Commodity Futures Trading Commission (CFTC) issued an Order filing and simultaneously settling charges against Ikon Global Markets, Inc. (Ikon) for failing to keep and promptly produce documentation for thousands of gold Exchange for Physical (EFP) trades, in ...
Several big banks are teaming up for a new digital currency
August 31st, 2017
Six of the world’s biggest banks have joined a project to create a new digital currency, the Financial Times reported Thursday. The crytocurrency will be used for clearing and settling transactions over blockchain. Barclays, Credit Suisse, Canadian Imperial Bank ...
IFSC warns about Binary/Forex Trade and SMARTTRADE SERVICES LIMITED
August 30th, 2017
The International Financial Services Commission of Belize (IFSC), the financial regulator of Belize, has issued warnings to inform investors and public about non regulated entities. According he releases, the warning about Binary/Forex Trade informs that It has come to ...
ECB fined Irish bank for a total of €2.5m
August 29th, 2017
The ECB has fined Irish bank PTSB €2.5m for breaking liquidity rules, its first such penalty The European Central Bank (ECB) has issued its first penalty against a bank since tough new rules were introduced in the wake of ...
Two former top Société Générale Managers accused of a Libor Scheme
August 25th, 2017
U.S. authorities on Thursday charged two managers at French bank Societe Generale (SCGLY) with taking part in a scheme to manipulate the global U.S. dollar Libor benchmark interest rate. Danielle Sindzingre, 54, the bank’s former global head of treasury, ...
AVA TRADE EU and iCFD agreed to pay thousands euro to settle sanctions
August 24th, 2017
The Financial Services and Markets Authority (FSMA), financial sector regulator of Belgium, has issued an announcement to inform that AVA TRADE EU Ltd and iCFD Ltd agreed settlements. The agreed settlements consist of a payment of EUR 175,000 by ...
Big four banks in Australia change loan contracts to eliminate unfair terms
August 24th, 2017
Following a commitment to further review their small business loan contracts, the big four banks have now agreed to specific changes with ASIC to eliminate unfair terms from their contracts. ASIC and the Australian Small Business and Family Enterprise ...
