Category: Regulation

August 01, 2025 BY Sam Boughedda

FCA Fines Sigma Broking Limited £1.1 Million for Transaction Reporting Failures

The regulator revealed that between December 2018 and December 2023, Sigma submitted nearly 925,000 incorrect reports, representing almost all of its transactions during that time.  The FCA said the errors stemmed from incorrect system setup and remained uncorrected due to weaknesses in Sigma’s reporting processes. “The transaction reports we receive are crucial to the work…

Read more
TradeStation
July 28, 2025 BY Sam Boughedda

FINRA Fines TradeStation Securities for Misleading Crypto Communications

FINRA stated that between July and September 2022, TradeStation issued promotional materials across its website, emails, and social media platforms that failed to clearly state that crypto assets were not offered through TradeStation itself but through an affiliated entity.  The affiliate was not a FINRA member or registered broker-dealer. According to FINRA, some communications gave…

Read more
FINRA building
July 25, 2025 BY Sam Boughedda

Greenbird Capital Given a $50k Fine by FINRA

According to FINRA, the fine is related to private placement solicitations and telemarketing practices between May 2021 and December 2023. The Florida-based brokerage reportedly failed to establish, maintain and enforce adequate supervisory systems and written procedures to ensure compliance with securities laws and telemarketing rules.  The firm was found to have violated FINRA Rules 3110,…

Read more
FINRA building
July 21, 2025 BY Sam Boughedda

First Southern Fined $250,000 by FINRA Over Compliance Failures

FINRA revealed in a recent release that the financial services firm was fined for lapses in supervision, inaccurate reporting, and failures under the Regulation Best Interest (Reg BI) framework. The Puerto Rico-based brokerage, which employs 42 registered representatives across four offices, submitted a Letter of Acceptance, Waiver, and Consent (AWC) agreeing to FINRA’s sanctions without…

Read more
July 16, 2025 BY Sam Boughedda

eToro Expands into Singapore After Securing Capital Markets Services Licence

The move marks a key milestone in eToro’s strategy to expand its presence across Asia-Pacific.  The company stated that with the licence now in effect, eligible retail investors in Singapore can access a broad range of financial instruments through eToro’s platform, including stocks from over 20 global exchanges, exchange-traded funds, and derivatives. “This is an…

Read more
July 15, 2025 BY Sam Boughedda

JPMorgan Fined by FINRA, Ordered to Pay Over $2 Million

FINRA found that between January 2017 and December 2018, JPMS failed to maintain a supervisory system capable of identifying whether its representatives were recommending unsuitable short-term trades in syndicate preferred stocks to retail customers.  The regulator said that at least 15 JPMS representatives were found to have advised customers to buy and then sell these…

Read more
FINRA building
July 14, 2025 BY Sam Boughedda

FINRA Fines Cantor Fitzgerald for Regulation Notification Failures

Between 2017 and 2022, the regulator claims Cantor submitted dozens of untimely or inaccurate filings to FINRA regarding its intent to engage in syndicate covering transactions and trading activities.  According to FINRA, the firm violated several rules, including Regulation M Rule 104 and FINRA Rules 2010 and 5190, by failing to notify regulators in a…

Read more
FINRA's 2018 volume tops 2017 activity by 87%
July 08, 2025 BY Sam Boughedda

Isaak Bond Investments Hit With Fine By FINRA

The violations are said to include failing to maintain the required net capital while conducting securities business. According to a Letter of Acceptance, Waiver, and Consent published by FINRA, the Colorado-based municipal bond dealer operated below its minimum capital requirements in March 2022, breaching the Securities Exchange Act and several FINRA rules.  The regulator also…

Read more
July 07, 2025 BY Sam Boughedda

Australian Regulator ASIC Bans Financial Adviser Barry King

In a statement released on July 7, the Australian Securities and Investments Commission (ASIC) said Mr King was “not a fit and proper person” to operate in the sector and was likely to breach financial services law again. ASIC said it found that Mr King concealed information from clients, submitted false documents, misused funds to…

Read more