Payment of the awards is taken out of an investor protection fund set up by Congress. It is financed through monetary sanctions of security law violations paid to SEC. To be eligible for the award, a whistleblower needs to voluntarily provide the commission with reliable information that leads to successful enforcement action. The awards range…
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The average daily volume (ADV) of the period was up 26%, reaching 22.4 million contracts. Non-US ADV came in at 6.1 million contracts, seeing growth in Asia, Latin America, and EMEA of 41%, 31% and 14%, respectively. Clearing and transaction fees revenue for the final quarter came in at $1 billion. Market data revenue for…
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The funding comes at a period of fast growth. The company pointed out that its revenue has significantly grown in the past 12 months, but it did not reveal any numbers. The investment will help BMLL expand its data coverage across global markets. The funding will support investment in acquiring new global data sets and…
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According to the prosecution, the alleged scheme took place between 2005 and 2012 and spread through several countries and reportedly and cost the French state over €100 million of "fiscal damage". Credit Suisse said in a press statement: The settlement provides for a public interest fine comprising a profit disgorgement of EUR 65.6 million and…
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Furthermore, the FCA pointed out that Certain Qatari entities were important investors in both of Barclays’s capital raisings at the time. The company entered into two advisory agreements with these entities, involving payments to one of the Qatari entities in the amount of £322 million over three and five years respectively. Barclays had disclosed that…
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Tim McCourt, Global Head of Equity and FX Products, CME Group, said: The addition of U.S. dollar-denominated TOPIX futures represents a natural extension of our Japanese index offerings as we aim to become the primary international venue for trading Japanese equity benchmark products. We are pleased to extend our partnership with JPX in launching this…
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The SFC noted that Kwong Shing admitted that from 2 August 2013 to 16 December 2013 he used two of his client’s securities accounts and made eight stocks transactions without approval. The regulator pointed out that these transactions resulted in trading profit of $172,890 to one of the accounts and in $48,321 loss to the…
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The regulator detailed that in one case, Gatehouse Bank once opened an account fora Kuwait-based company for aggregating customer funds. The bank did not require the collection of crucial information including customers’ source of funds or wealth. During a two year period, the bank ended up receiving $62 million in deposits from customers without performing…
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The scheme According to the CFTC, the fraudulent scheme began in August 2014 when Hewko and MPC began seeking investments into a pooled investment vehicle operated by MPC and marketed to prospective investors as the Global Opportunity Fund (Fund). The regulator detailed that over $1.1 million were collected from the investors from September 2014 to…
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The forex scheme According to the CFTC, the fraudulent scheme ran from October 2019 to June 2021. The operators used different websites and social media platforms to advertise their forex trading pool “The Black Club” and “The Forex Savings Club.” They were marketed as a version of a savings account that offered a greater yield…
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