sec charges
October 01, 2018 BY Valentina Kirilova

CFTC charges interdealer broker TFS-ICAP with fraud

The Commodity Futures Trading Commission (CFTC) has announced that it has charged interdealer broker TFS-ICAP LLC and TFS-ICAP Ltd. (TFS-ICAP) with fraud and supervision failures. In a Complaint filed in the U.S. District Court for the Southern District of New York, the CFTC alleges that, from approximately 2008 through 2015, brokers at TFS-ICAP offices in…

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SFC fines
October 01, 2018 BY Valentina Kirilova

Credit Suisse to pay $10 million to settle SEC charges

The Securities and Exchange Commission (SEC) has announced that Credit Suisse Securities (USA) LLC has agreed to settle charges brought by the SEC and the Office of the New York Attorney General regarding material misrepresentations and omissions made in connection with its now-closed Retail Execution Services (RES) business’ handling of certain customer orders. The settlements…

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BIS announces key appointments in Singapore and Switzerland
October 01, 2018 BY Valentina Kirilova

Blockchain executives join Blockparty’s Board of Advisors

Blockparty, a blockchain-powered live events ticketing platform, has announced the appointment of three prominent executives in the blockchain space to its Board of Advisors. Following the public launch of Blockparty earlier the summer, Brian Kelly, CEO of BKCM LLC, Alex Waters, Advisor to Elm Labs, and Marshall Hayner, CEO and Founder of Metal Payments, will…

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CBOE Hotspot FX volumes
October 01, 2018 BY LeapRate Staff

Cboe FX (Hotspot) September 2018 forex trading volumes up 3% to $35.8B ADV

Rebounding somewhat from the normal summer trading volumes slowdown, data from institutional Forex ECN Cboe FX Markets – formerly known as Hotspot FX – indicates that the company saw a modest 3% increase in average daily volumes during September, $35.8 billion versus $34.9 billion the previous month. Volumes remained however well below where they were during the…

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clone firm FCA warning
September 28, 2018 BY Valentina Kirilova

FCA warns against Northern Trust clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Northern Trust. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to…

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September 28, 2018 BY Valentina Kirilova

Petrobras reaches settlement with SEC for misleading investors

The Securities and Exchange Commission (SEC) has charged Brazilian oil-and-gas company Petróleo Brasileiro S.A. with misleading U.S. investors by filing false financial statements that concealed a massive bribery and bid-rigging scheme at the company. The U.S. Department of Justice also announced today a non-prosecution agreement with Petrobras. The SEC’s order finds that senior Petrobras executives…

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