The firm was also found to have employed high-pressure tactics when it came to making sales, recommended trading sales which…
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EU imposes €6.45 million fine on ICAP for yen cartel
The EU competition enforcer said in a statement: Today’s decision, correcting the procedural error and including a detailed reasoning on…
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Hong Kong SFC imposes a $1.5 million fine on Ewarton Securities
Mung also failed to ensure transactions undertaken on behalf of the client were given priority over orders for his own…
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UK Court slaps 24HR Trading with £530K fine
FCA’s statement said: Unauthorised investment advice exposes consumers to the risk of substantial losses because the adviser has not met…
Read MoreHong Kong SFC fines Fulbright Securities Limited $3.6 million
The regulator also found that Fulbright failed to report these incidents to the SFC immediately upon discovering them. In deciding…
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Charles Schwab UK to pay £8.96 million fine for safeguarding and compliance failures
CS&C’s general pool held firm and client money for both UK and non-UK clients. The FCA determined that the CSUK…
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Robinhood to pay $65 million to settle charges with SEC for misleading customers
Stephanie Avakian, Director of the SEC’s Enforcement Division, commented: Robinhood provided misleading information to customers about the true costs of…
Read MoreFCA fines Barclays £26 million for poor treatment of customers in financial difficulty
The FCA stated that between April 2014 and December 2018 some retail and small business customers who had been offered…
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TFS-ICAP to pay $7 million fine for misleading clients
The CFTC also found that TFS-ICAP, its former CEO Ian Dibb and its former Emerging Markets desks head Jeremy Woolfenden…
Read MoreCBOT fines StoneX $20K for trade transfer violations
CBOT stated: The transfers were not made to reconcile an error, omission, or outtrade. CBOT also noted that StoneX has…
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