Arthur Toole III and his companies Billionaire Investor Group and Catalyst Traders fined for commodity pool fraud LeapRate

July 20, 2017 BY LeapRate Staff

Arthur Toole III and his companies Billionaire Investor Group and Catalyst Traders fined for commodity pool fraud

The U.S. Commodity Futures Trading Commission (CFTC) has announced the settling of charges against Arthur Toole III of Atlanta, Georgia and his companies Billionaire Investor Group (BIG), a Texas limited liability company, The Toole Group Inc., a Texas corporation, and Catalyst Traders LLC, a Georgia limited liability company, for misappropriating commodity pool funds, fraudulent misrepresentations, commingling pool funds,…

July 20, 2017 BY Valentina Kirilova

CySEC revokes fines against former executive of CommexFX

Following a previous announcement, the Board of the Cyprus Securities and Exchange Commission (CySEC) just informed that, on its meeting dated 17 July 2017, has decided, for procedural reasons, to revoke its Decision of 13 February 2017 for the imposition of administrative sanctions to Mr. Amr Jamal Mohamed Hendawi and more specifically: for the imposition…

July 19, 2017 BY Valentina Kirilova

Dubai Financial Services Authority fines and bans former Senior Executive Officer

The Dubai Financial Services Authority (DFSA) has fined Mr Andrew Grimes, a former Senior Executive Officer (SEO) of a DFSA Authorised Firm USD 52,500 (AED 192,675) and imposed a restriction preventing him from performing any function in connection with the provision of Financial Services in or from the Dubai International Financial Centre (DIFC). This action…

July 18, 2017 BY admin

BNP Paribas gets second Forex fine in 2 months as Fed hits bank for $246m

The Federal Reserve Board yesterday announced that it will fine BNP Paribas S.A. and its U.S. subsidiaries $246 million for the firm's unsafe and unsound practices in the Forex markets. This follows the massive fine at the New York state level in May when the New York Department of Financial Services (NYDFS) fined the bank…

July 14, 2017 BY Valentina Kirilova

Nasdaq Stockholm fines Skandinaviska Enskilda Banken SEK 3,105,000

After imposing a fine on CybAero amounting to three annual fees just yesterday, the Disciplinary Committee of Nasdaq Stockholm announced that has found that Skandinaviska Enskilda Banken AB (SEB) has breached Nasdaq Stockholm’s Rule Book for Issuers (“the Rule Book”) and, accordingly, has ordered SEB to pay a fine of one annual fee, corresponding to…

July 14, 2017 BY Valentina Kirilova

Huntley Management Ltd fined $50,000 for false and misleading advertising

The Federal Court of Australia has ordered Huntley Management Limited to pay a penalty of $50,000 for false and misleading advertising that its investment projects were 'approved by the Australian Securities and Investments Commission', ASIC announced earlier today. Huntley made the statements on its website between 21 September 2010 and 7 October 2015 and in…

July 13, 2017 BY Valentina Kirilova

Nasdaq Stockholm fines CybAero corresponding to three annual fees

The Disciplinary Committee of Nasdaq Stockholm announced that has found that CybAero AB has breached the Nasdaq First North Rule Book (“the Rule Book”) in several respects and, accordingly, has imposed a fine on CybAero amounting to three annual fees, corresponding to an amount of SEK 341,890. The Disciplinary Committee has determined that CybAero did…

July 12, 2017 BY Valentina Kirilova

Assurance Capital Management LLC fined more than $2.4 million for commodity pool fraud

The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge Susan C. Bucklew of the U.S. District Court for the Middle District of Florida entered an Order of Final Judgment by Default against Defendants Anthony J. Klatch II, Lindsey Heim, and their company Assurance Capital Management, LLC (ACM) for defrauding pool participants in a commodity…

July 12, 2017 BY Valentina Kirilova

Netherlands AFM fines Lexon Capital S.L. €10,000 for market manipulation

The Dutch Authority for the Financial Markets (AFM) announced that has imposed an administrative fine of € 10,000 on the Spanish company Lexon Capital S.L. The fine was imposed because Lexon manipulated the prices of four equity funds that are listed on Euronext Amsterdam. Lexon's actions resulted in (potentially) misleading signals with regard to the…

July 10, 2017 BY Valentina Kirilova

Axis Incorporation former Executive Directors jailed for furnishing false statements

The Kuala Lumpur Sessions Court today convicted and jailed two former executive directors of Axis Incorporation Bhd (Axis) for furnishing false statements to Bursa Malaysia Securities Bhd. Lee Han Boon and Saipuddin Lim Abdullah both pleaded guilty for furnishing false information to the stock exchange in relation to Axis’ revenue of RM91.13 million. Out of…

Category: Fines

Arthur Toole III and his companies Billionaire Investor Group and Catalyst Traders fined for commodity pool fraud

CySEC revokes fines against former executive of CommexFX

Dubai Financial Services Authority fines and bans former Senior Executive Officer

BNP Paribas gets second Forex fine in 2 months as Fed hits bank for $246m

Nasdaq Stockholm fines Skandinaviska Enskilda Banken SEK 3,105,000

Huntley Management Ltd fined $50,000 for false and misleading advertising

Nasdaq Stockholm fines CybAero corresponding to three annual fees

Assurance Capital Management LLC fined more than $2.4 million for commodity pool fraud

Netherlands AFM fines Lexon Capital S.L. €10,000 for market manipulation

Axis Incorporation former Executive Directors jailed for furnishing false statements

Vijay Albuquerque Appointed New Chief Risk Officer at CME Clearing

Euronext Launches European Common Prospectus to Boost IPO Activity Across the EU

Regulus Financial Group Fined by FINRA Over Form CRS Failures

StoneX Subsidiary Gain Global Markets Bermuda Fined by CME Group

AJ Bell’s Assets Under Administration Rise to £90.4bn