Merrill Lynch, Pierce, Fenner & Smith Incorporated $1.9 million for fair pricing and supervisory violations in connection with more than 700 retail customer transactions in distressed securities over a two-year time period, as well as ordering restitution of $540,000
Read MoreMerrill Lynch fined $6 million by FINRA for short selling violations
Bank of America (NYSE:BAC) unit Merrill Lynch has been fined by US financial regulator FINRA a total of $6 million…
Read MoreNFA bans MT4 introducing broker IFGTrade and its principal Wilson Cheng
North American introducing broker IFG Markets finds itself on the receiving end of a permanent ban from NFA membership due to several inconsistencies, most gravely of all surrounding the firm’s inability to maintain its capital correctly, culminating in insolvency
Read MoreICE implements checks and balances to enhance LIBOR transparency
Subsequent to Lloyds Bank’s $370 million fine for manipulation and falsification which included LIBOR irregularities, ICE issues consultation paper
Read MoreJP Morgan fined $650,000 for repeated inaccurate submission of large trader reports
The US Commodity Futures Trading Commission has issued a monetary penalty to JP Morgan Securities LLC for submitting inaccurate large trader reports.
Read MoreBreaking News: Lloyds Banking Group hit for $105 million by CFTC as result of manipulation investigation
CFTC Charges Lloyds Banking Group and Lloyds Bank with Manipulation, Attempted Manipulation, and False Reporting of LIBOR
Read MoreUBS Forex fine – $8 billion???
Independent financial industry research consultancy Autonomous Research points to potentially astronomical fines leveled at banks for FX rate rigging
Read MoreExclusive: Cyprus continues to attract new brokers as FxGrow goes live
New retail FX brokerage FxGrow establishes in Cyprus, taking A-book liquidity from CFH Clearing.
Read MoreCooking the order books: Former JP Morgan chief loses appeal against market abuse tribunal
Prominent industry figure Ian Hannam’s appeal was overturned by the Upper Tribunal, resulting in a £450,000 fine.
Read MorePre-emptive admission of foul play? Deutsche Bank sets aside $2.7 billion for FX fixing fines
Deutsche Bank sets aside funds for legal provision and payment of potential fines in FX rate manipulation case, indicating potential conclusion
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