The Board of the Cyprus Securities and Exchange Commission (CySEC) has just informed the public that, at its meeting held on 20th November 2017, decided to impose a total administrative fine of €20.000 on the ASP Chesterfield Corporate Services Ltd for noncompliance with: Sections 58(a), 58(c) and 58(e) of the Prevention and Suppression of Money…
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The Hong Kong Securities and Futures Commission (SFC) announced that it has resolved its concerns with Credit Suisse (Hong Kong) Limited (CSHK), Credit Suisse Securities (Hong Kong) Limited (CSSHK) and Credit Suisse AG (CSAG) (collectively, Credit Suisse) over internal control failures. Under the resolution, the SFC reprimanded and fined Credit Suisse a total of $39.3…
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The Board of the Cyprus Securities and Exchange Commission (CySEC) has just informed that, at the meeting held on 20th November 2017, it decided to impose an administrative fine of €30.000 to the CIF Hoch Capital Ltd (‘the Company’). The fine has been made due to non-compliance with section 36(1)(a) of the Investment Services and…
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The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Wedbush Securities Inc. $1.5 million for violating the Securities and Exchange Commission’s (SEC) Customer Protection and Net Capital Rules, and for related supervisory and books and records failures. The SEC Customer Protection Rule creates requirements to protect customers' funds and securities. To ensure…
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The Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against Deutsche Bank Securities Inc. (DBSI) for attempted manipulation of the ISDAFIX benchmark and requiring DBSI to pay a $70 million civil monetary penalty. The CFTC Order finds that over a five-year period, beginning in at least January 2007 and continuing…
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The Financial Conduct Authority (FCA) has today published Decision Notices in respect of One Call Insurance Services Limited (One Call) and its Chief Executive and majority shareholder John Lawrence Radford. A connected company to One Call, One Insurance Limited (OIL), has made a reference to the Upper Tribunal (the Tribunal) as a third party in…
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ASIC just announced that it has commenced proceedings for recovery of unpaid fines against Fast Access Finance Pty Ltd, Fast Access Finance (Beenleigh) Pty Ltd and Fast Access Finance (Burleigh Heads) Pty Ltd (the FAF Companies). In March 2017, the Federal Court fined the FAF Companies a total of $730,000, after finding in proceedings brought…
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The Financial Conduct Authority (FCA) informed that it has today imposed a financial penalty on Interactive Brokers (UK) (IBUK) in the amount of £1,049,412 for failings in its post-trade systems and controls for identifying and reporting suspicious transactions in the period February 2014 to February 2015 (“the Relevant Period”). IBUK is an online broker based…
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The Board of the Cyprus Securities and Exchange Commission (CySEC) has just informed that, at the meeting held on 20th November 2017, it has decided to impose a total administrative fine of €50.000 to CIF Spot Capital Markets Ltd for non compliance within the period of 1st January 2016 to 30th June 2016, with the…
Read moreHSBC Holdings plc (NYSE:HSBC) announced that it has entered into a three-year deferred prosecution agreement with the US Department of Justice (DoJ) to resolve the DoJ’s investigation into HSBC’s historical foreign exchange sales and trading activities within its Global Markets business. Under the agreement, HSBC will pay a total of US$101.5m, including a US$63.1m fine…
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