The Management Board of a stock exchange acts as a management body for the public administration assigned to the stock exchanges and includes Martin Reck (Deputy Chairman), Cord Gebhardt and Michael Krogmann as members. The board ensures compliance with the regulations of stock exchange laws and the orderly conduct of stock exchange trading. Eurex and…
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The companies with monetary penalties include: Harvest Capital Management Public Ltd with administrative fine of €13,000 Cyprus Trading Corporation Plc with administrative fine of €12,500 Aias Investment Public Ltd was fined the amount of €12,500 Regallia Holdings & Investments Public Ltd was fined €6,500 Isxis Investment Public Ltd was fined €6,500 Elma Holdings Public Company…
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BDSwiss Group has been committed to its strategy for expansion and growth. Its decision to secure FSA license comes from a desire to ensure broader regulatory supervision in new markets. The company aims to provide transparent trading environment and security to clients across different markets including South-East Asia, South Africa, Middle East and Latin America.…
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Mark Husler, CEO, UnaVista commented: Hundreds of firms face the challenge of migrating their reporting processes away from CME, and need to do so quickly. Together with SteelEye, we offer a fast and efficient response to this demand and provide a wealth of other benefits to joint clients. SteelEye’s EMIR and MiFIR reporting solutions in…
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DEX CEO Leon Smith commented: At DEX, our goal is to provide investors with a digital assets platform that delivers a best-in-class, fully regulated trading experience. For us, that means ensuring confidence through robust regulation, transparency and security. The ADGM's rigorous and progressive approach to digital asset regulation provides the strongest possible foundations for launching…
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CFTC’s complaint states that all of Long Leaf’s customers lost money in “Time Means Money” trading program. Over 400 customers lost approximately $6.1 million, while the company made $4.4 million from commissions. The Commission seeks restitution for the defrauded customers, return of the gains, monetary penalties and permanent trading ban. CFTC settled charges against Gecas…
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The President of the Bavarian Finance Center, Wolfgang Gerke spoke about the failure of the supervisory authorities and said the scandal has done damage that will have “impact for years”. He also said he suspects a corrupt network stands behind the scandal. Following the scandal in Germany, the UK Financial Conduct Authority suspended Wirecard’s UK…
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The CFTC found that Cunningham Commodities’ did not supervise the GIB accounts over a sixteen-month period diligently. Moreover, the company entered into the guarantee with the GIB despite knowing that the GIB offered a “trading program” to customers when it was not registered as a commodity trading advisor and that the majority of customers lost…
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ASIC also discovered that Marsh made misleading statements to clients. He promised they would make profits trading with Forex CT when actually CFD is a relatively high-risk investment. Marsh also promised that risk the of trading losses is reduced if clients made increased deposits in their trading accounts while in reality increasing deposits is placing…
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Lara Shalov Mehraban, Associate Regional Director of the New York Regional Office commented: Our emergency action protected retail investors from Telegram's attempt to flood the markets with securities sold in an unregistered offering without providing full disclosures concerning their project. The remedies we obtained provide significant relief to investors and protect retail investors from future…
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