The FCA stated that between April 2014 and December 2018 some retail and small business customers who had been offered consumer credit were treated poorly when they fell into debt. The regulator found that Barclays failed to treat customers fairly or to act with due skill, care and diligence. According to the FCA, Barclays failed…
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So far, the agency has awarded over $731 million to total of 124 individuals since the first award was issued in 2012. 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…
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The CFTC also found that TFS-ICAP, its former CEO Ian Dibb and its former Emerging Markets desks head Jeremy Woolfenden failed to supervise the broker conduct. The enforcement action resolves that the defendants Dibb and Woolfenden are each to pay a fine of $500,000 for their individual supervisory failures. They have both agreed to not…
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CBOT stated: The transfers were not made to reconcile an error, omission, or outtrade. CBOT also noted that StoneX has self-reported the transfers, however it had neither admitted nor denied the allegations. LeapRate recently reported that StoneX, formerly known as INTL FCStone, registered excellent financials for the fourth quarter of the fiscal year 2020. The…
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ASIC stated that EuropeFX and TradeFred: provided personal advice to clients without licence to do so; made false or misleading representations to clients including about the level of risk to which clients’ funds were exposed and the profits which clients could expect; failing to adequately explain or disclose to clients the risks involved in investing…
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Sheldon Mills, Interim Executive Director of Strategy and Competition at the FCA commented: We’ve today confirmed our proposals to make the speculative mini-bond ban permanent and extend its scope. These products are high risk and are often designed to be hard to understand. Consumers should always be wary of any investment promising high returns while…
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Eurex Repo posted drops 16.% MoM fall in GC Pooling, however Repo markets grew by 32.17% MoM. At the EEX, Global Power was up 4% MoM for November 2020, Global Gas rose 6.8% MoM and emissions trading increased by 23.2% MoM. Nov-20 Oct-20 MoM Change Financial derivatives: Traded contracts Eurex Exchange European equity index derivatives…
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Jane Norberg, Chief of the SEC’s Office of the Whistleblower said: Today the Commission issued awards to multiple whistleblowers whose information and assistance proved critical to several enforcement matters. In the first quarter of FY2021, the SEC has made whistleblower awards of almost $170 million to 17 individuals, which is already near the record dollar…
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Trades in QOD are published immediately after execution, further strengthening post-trade transparency. Trade execution reports will also be made available on the business day following the execution. ETFs were increasingly traded over-the-counter in the past. With this addition to the existing order book, QOD offers investors the opportunity to trade ETFs in a bidding process…
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