Afterwards, Lam transfered these amounts from the payroll accounts back into his mother’s personal bank account without the knowledge or authorisation of the five customers. According to the financial markets regulator, Lam’s mother aimed to improve his performance at SCB. As a result, the bank gave Lam $4,520 as additional quarterly incentive after including in…
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The CFTC further revealed that the operators of the scheme even failed to register as commodity pool operators (CPOs) and associated persons (APs) of CPOs, which is mandatory for operators of such business. The court found that the defendants are liable for solicitation fraud, multiple CFTC registration violations, and failure to comply with CPO rules.…
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Another whistleblower received over $3 million for providing the regulator information which started an investigation. The individual was an insider who initially reported their concerns internally. Later they submitted a detailed tip and met with the SEC’s Enforcement staff a few times to provide additional information in the course of the investigation. Creola Kelly, Chief…
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TJM executed trading in the value of about £59 billion in Danish equities and £20 billion in Belgian equities. The firm received commission of £1.4 million. In other instances, TMJ also executed transactions with no apparent purpose than to transfer substantial windfall profits of €4.3 million amongst its clients. Thefirm also accepted payment from a…
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Sandeep Arora, Head of Digital and Chief Investment Officer of Citi's Institutional Clients Group, said: Citi has a strong track-record of partnering with FinTechs to build digital solutions for our clients and believe this strategic investment will provide earlier visibility into new technologies and complement our direct investing program. Mark Beeston, Founder and Managing Partner…
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Asia Pacific ADV registered a record 1.7 million contracts in the second quarter, up 36% due to growth in Equity Index, Interest Rate and Energy products in the region. Latin America ADV reached 164,000 contracts in with 40% increase from Q2 2021. On a global scale, CME Group saw ADV of 23.1 million contracts in…
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Much of the gains were attributed to the Group’s Asia team that was brought on board in the second half of 2021. This change to majority direct revenue has had a positive impact on the Group’s gross margin. This is expected to rise 61% for the first half of 2022 from 38.1% for the same…
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Additionally, Seibert told the investors that he would find the lending opportunities, conduct due diligence to confirm that the borrower was qualified, and handle the closing and servicing of the loan. Instead using the funds for loans, Seibert pooled and used most of the money to trade commodity interests in his personal trading account and…
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Forex trading on Euronext for the three months between April and June reached nearly $1.54 trillion, registering a 27% rise compared to the second quarter of the previous year. The ADV for the quarter was $23.64 billion. Derivatives markets on Euronext also strengthened with a 4.8% MoM increase last month with 16 million traded contracts.…
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CySEC stated: Α settlement has been reached with the CIF BCM Begin Capital Markets CY Ltd («the Company») for possible violations of the Investment Services and Activities and Regulated Markets Law of 2017 – L.87(I)/2017. The settlement follows an investigation into the company's operations from January 2021 to April 2022. Earlier in June, CySEC announced…
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