Category: Fines

DFSA
December 11, 2017 BY Valentina Kirilova

Luxembourg regulator CSSF fines shareholder of Orco Property Group S.A.

The Commission de Surveillance du Secteur Financier (CSSF) informed that it has sanctioned the ultimate and indirect controlling shareholder (the “Sanctioned Person”) of Orco Property Group S.A. (the “Issuer”) for market manipulations on the shares of the Issuer (ISINLU0122624777) in accordance with the provisions of the Law of 9 May 2006 on market abuse (the…

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SFC fines
December 08, 2017 BY Valentina Kirilova

ASP Asoted Services Ltd fined €16,000 by CySEC

The Board of the Cyprus Securities and Exchange Commission (CySEC) wishes to inform the public that, at its meeting held on 25th September 2017, it decided to impose administrative fines totalling €16,000 on ASP Asoted Services Ltd for non-compliance with: Sections 58(a) and 58(c) of The Prevention and Suppression of Money Laundering and Terrorist Financing…

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SFC fines
December 04, 2017 BY Valentina Kirilova

Merrill Lynch Equities (Australia) Ltd fined $140,000 by the MDP

Merrill Lynch Equities (Australia) Limited ('MLEA') has paid a total penalty of $140,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel ('the MDP'), ASIC announced earlier today. The MDP found that between July 2014 and April 2016, MLEA: executed orders contrary to wholesale clients' instructions to opt out of…

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November 22, 2017 BY Valentina Kirilova

FINRA fines J.P. Morgan Securities LLC $1.25 million

The Financial Industry Regulatory Authority (FINRA) today announced it has fined J.P. Morgan Securities, LLC $1.25 million for failing to conduct timely or adequate background checks on approximately 8,600, or 95 percent, of its non-registered associated persons from January 2009 through May 2017. Federal securities laws require broker-dealers to fingerprint certain associated persons working in…

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November 22, 2017 BY Valentina Kirilova

HSBC Private Bank (Suisse) SA fined HK$400 million for systemic failures in selling structured products

HSBC Private Bank (Suisse) SA, the Hong Kong branch of the Switzerland-based private banking business of HSBC Group, has been fined a record sum of HK$400 million after the Securities and Futures Appeals Tribunal (SFAT) upheld the Hong Kong SFC’s disciplinary action against the bank for material systemic failures in relation to the sale of…

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SFC fines
November 20, 2017 BY LeapRate Staff

ANZ and NAB fined $10 million each for 'unconscionable conduct' in setting of the Bank Bill Swap Rate

Australia financial regulator ASIC has announced that it has accepted enforceable undertakings from Australia and New Zealand Banking Group (ASX:ANZ), and National Australia Bank Ltd. (ASX:NAB), to address conduct relating to the Bank Bill Swap Rate (BBSW). Australia and New Zealand Banking Group (ANZ) and National Australia Bank (NAB) have today entered into enforceable undertakings (EUs) with ASIC…

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