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…
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CBOT 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…
Read MoreHong Kong SFC fines Credit Suisse Securities $2.1 million over breaches of electronic trading requirements
The incident was caused by a logic error in the symbol mapping programme used by Credit Suisse generating market making…
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Federal Court of Australia imposes a $10 million fine on ANZ for breaches of its license
ANZ has admitted that it lacked any contractual entitlement to charge those fees. With these fee charges, ANZ contravened with…
Read MoreMorgan Stanley & Co settles charges for reg SHO violations with SEC for $5 million
The US watchdog stated that as a result, Morgan Stanley should have netted the long and short positions of both…
Read MoreCFTC orders Gain Capital to pay $300,000 for supervision violations
According to the regulator’s order, from 2014 to 2016, the company failed to supervise accounts by not following its policy…
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