Category: Financial Services

sec charges
October 01, 2018 BY Valentina Kirilova

CFTC charges interdealer broker TFS-ICAP with fraud

The Commodity Futures Trading Commission (CFTC) has announced that it has charged interdealer broker TFS-ICAP LLC and TFS-ICAP Ltd. (TFS-ICAP) with fraud and supervision failures. In a Complaint filed in the U.S. District Court for the Southern District of New York, the CFTC alleges that, from approximately 2008 through 2015, brokers at TFS-ICAP offices in…

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SFC fines
October 01, 2018 BY Valentina Kirilova

Credit Suisse to pay $10 million to settle SEC charges

The Securities and Exchange Commission (SEC) has announced that Credit Suisse Securities (USA) LLC has agreed to settle charges brought by the SEC and the Office of the New York Attorney General regarding material misrepresentations and omissions made in connection with its now-closed Retail Execution Services (RES) business’ handling of certain customer orders. The settlements…

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clone firm FCA warning
September 28, 2018 BY Valentina Kirilova

FCA warns against Northern Trust clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Northern Trust. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to…

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September 28, 2018 BY Valentina Kirilova

Petrobras reaches settlement with SEC for misleading investors

The Securities and Exchange Commission (SEC) has charged Brazilian oil-and-gas company Petróleo Brasileiro S.A. with misleading U.S. investors by filing false financial statements that concealed a massive bribery and bid-rigging scheme at the company. The U.S. Department of Justice also announced today a non-prosecution agreement with Petrobras. The SEC’s order finds that senior Petrobras executives…

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cysec suspends cif licence
September 28, 2018 BY Valentina Kirilova

Forex broker AFX Capital reaches €50K settlement with CySEC

The Cyprus Securities and Exchange Commission (CySEC) has just informed the public that it has reached a settlement with CIF AFX Capital Markets Ltd. The settlement is for the amount of €50.000. The Company has paid the amount of €50.000. The complete text of the regulator’s decision can be seen below: Announcement date: 28.09.2018 Board decision date:…

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fca warning clone firm
September 28, 2018 BY Valentina Kirilova

FCA warns against Interfinancial clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Interfinancial. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to scam…

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moex moscow exchange
September 28, 2018 BY Valentina Kirilova

MOEX to acquire up to 20% of Kazakhstan Stock Exchange

At its meeting on 27 September, the Supervisory Board of Moscow Exchange (MOEX) resolved to expand its strategic partnership with the Kazakhstan Stock Exchange (KASE) and approved the acquisition of an equity stake in the company. The decision comes as part of MOEX’s agreement with the KASE signed in April 2018. Moscow Exchange plans to…

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Bitcoin
September 28, 2018 BY Valentina Kirilova

SEC charges bitcoin-funded securities dealer and CEO

The U.S. Securities and Exchange Commission (SEC) has announced that it has filed charges against an international securities dealer and its Austria-based CEO for allegedly violating the federal securities laws in connection with security-based swaps funded with bitcoins. According to the SEC’s complaint, 1pool Ltd. a/k/a 1Broker, registered in the Republic of the Marshall Islands,…

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