CySEC issues €90,000 fine to former FX and Binary Options broker operator Lionsman LeapRate

July 05, 2017 BY LeapRate Staff

CySEC issues €90,000 fine to former FX and Binary Options broker operator Lionsman

Cyprus financial regulator has issued a €90,000 fine to Lionsman Capital Markets (Cyprus) Ltd, which used to operated Forex and Binary Options brokerages. Lionsman used to own and operate the OptionWeb binary options and NessFX retail FX and CFDs websites, however quite a while ago those brands were offloaded to two other CySEC licensed entities - OptionWeb…

June 30, 2017 BY LeapRate Staff

Rosenthal Collins, now known as DV Trading, fined $5 million for illegal wash sales

The U.S. Commodity Futures Trading Commission (CFTC) has announced the filing and simultaneous settlement of charges against Rosenthal Collins Capital Markets, LLC, now known as DV Trading LLC (RCCM), of Chicago, Illinois, for engaging in illegal wash sales in order to generate rebates of exchange fees based upon increased trading volumes. The CFTC Order requires RCCM to…

June 28, 2017 BY LeapRate Staff

Marbury Advisors Inc and Tracy Lee Thomas hit with $4.4 million fine for fraudulently soliciting customers

The U.S. Commodity Futures Trading Commission (CFTC) has announced that Judge Loretta C. Biggs of the U.S. District Court for the Middle District of North Carolina entered an Order of Final Judgment by Default against Defendants Tracy Lee Thomas (a/k/a Treyton L. Thomas, a/k/a Trayton L. Thomas, a/k/a Trey Thomas, a/k/a Tray Thomas, a/k/a T.L. Thomas), formerly…

June 28, 2017 BY Valentina Kirilova

CFTC fines Hong Kong-Based Huafu HK Co. Ltd. $225,000 for reporting violations

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against Huafu HK Co. Ltd. (Huafu), a corporation based in Hong Kong, for failing to file CFTC Form 304 reports, reporting its call cotton purchases and sales when it held or controlled at least 100 cotton futures positions. The CFTC…

June 27, 2017 BY Valentina Kirilova

Westpac pays $127,250 to comply with infringement notice penalty

Westpac Banking Corporation has paid a penalty of $127,250 to comply with an infringement notice (Infringement Notice) given to it by ASIC. The infringement notice was issued in response to an alleged breach of the ASIC Derivative Transactions (Reporting) Rules 2013 (ASIC Rules) during the period from 2 October 2013 to 30 April 2015. This…

June 26, 2017 BY LeapRate Staff

Wall Street Pirate Management and Gary Creagh fined $125K and banned from trading

The U.S. Commodity Futures Trading Commission (CFTC) has announced that Judge J. Paul Oetken of the U.S. District Court for the Southern District of New York entered an Opinion and Order (Order) against Defendants Gary Creagh and Wall Street Pirate Management, LLC (Wall Street Pirate), both of New York, New York. The Order, entered on…

June 26, 2017 BY Valentina Kirilova

MMT sanctions Greencool’s former chairman for disclosure of false information

The Market Misconduct Tribunal (MMT) today ordered the former chairman and chief executive officer of Greencool Technology Holdings Limited, Mr Gu Chujun, to disgorge $481,969,785 of profit from his market misconduct, Hong Kong SFC just announced. This is the largest disgorgement order amount ever imposed by the MMT to date. On 29 December 2016, the…

June 23, 2017 BY Valentina Kirilova

Macquarie Securities pays $505,000 in infringement notice penalty

Macquarie Securities (Australia) Limited has paid a penalty of $505,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (MDP), ASIC announced earlier today. The MDP had reasonable grounds to believe that Macquarie had contravened subsection 798H(1) of the Corporations Act 2001 (Cth) by failing to comply with the ASIC…

June 23, 2017 BY Valentina Kirilova

Robocall king Adrian Abramovich faces $120 million fine for ID spoofing

The Federal Communications Commission (FCC) today proposed a $120 million fine against an individual who apparently made almost 100 million spoofed robocalls in violation of the Truth in Caller ID Act. The law prohibits callers from deliberately falsifying caller ID information to disguise their identity with the intent to harm or defraud consumers. Mr. Adrian…

June 22, 2017 BY LeapRate Staff

SEC adds additional charges and fines in ITG foreign shares ADRs case

The U.S. Securities and Exchange Commission today announced additional charges in an enforcement investigation involving the improper handling of American Depositary Receipts (ADRs) by a Wall Street firm’s securities lending desk. The SEC’s order finds supervisory failures by Anthony Portelli, a former managing director and head of operations at broker-dealer ITG Inc., a unit of…

Category: Fines

CySEC issues €90,000 fine to former FX and Binary Options broker operator Lionsman

Rosenthal Collins, now known as DV Trading, fined $5 million for illegal wash sales

Marbury Advisors Inc and Tracy Lee Thomas hit with $4.4 million fine for fraudulently soliciting customers

CFTC fines Hong Kong-Based Huafu HK Co. Ltd. $225,000 for reporting violations

Westpac pays $127,250 to comply with infringement notice penalty

Wall Street Pirate Management and Gary Creagh fined $125K and banned from trading

MMT sanctions Greencool’s former chairman for disclosure of false information

Macquarie Securities pays $505,000 in infringement notice penalty

Robocall king Adrian Abramovich faces $120 million fine for ID spoofing

SEC adds additional charges and fines in ITG foreign shares ADRs case

FINRA Fines Synovus Securities $315,000

BitGo Wins VARA Broker-Dealer Licence For Regulated Institutional Crypto Trading in Dubai

B2BROKER Partners With Finery Markets to Boost Institutional Crypto Trading

ASIC Approves Cboe Listing Licence, Increasing Competition With ASX

BGC Group Acquires Macro Hive to Bolster AI-Driven Market Analytics