The companies with monetary penalties include: Harvest Capital Management Public Ltd with administrative fine of €13,000 Cyprus Trading Corporation Plc with administrative fine of €12,500 Aias Investment Public Ltd was fined the amount of €12,500 Regallia Holdings & Investments Public Ltd was fined €6,500 Isxis Investment Public Ltd was fined €6,500 Elma Holdings Public Company…
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The UK regulator FCA announced earlier today that it has imposed a financial penalty in the sum of £91,000 to the company Hall and Hanley Limited (HHL). HHL is a claims management company (CMC) whose registered address was formerly 1st Floor, Building 4, Universal Square, Devonshire Street North, Manchester M12 6JH. With effect from 1…
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The Commodity Futures Trading Commission (CFTC) has just announced that an individual named William H. Powderly IV of New Hope, Pennsylvania, has been fined $1,083,138 by the federal court in Illinois for fraudulently soliciting customers and distributing false account statements. Powderly misled customers, letting them know that he and a university professor developed a commodity futures…
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The Hong Kong Securities and Futures Commission (SFC) has informed the public that it has fined Ardon Maroon Fund Management (Hong Kong) Limited (Ardon Maroon) (now known as China Silver Asset Management (Hong Kong) Limited) $800,000 for cross-trade related failures in managing the Ardon Maroon Asia Master Fund (AM Fund). The complete announcement can be…
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UK financial regulator Financial Conduct Authority (FCA) has just announced that it has fined the UK investment professional Angela Burns £20,000. The regulator has also banned her from acting as a non-executive director. The official and complete FCA announcement can be seen below: The Financial Conduct authority (FCA) has banned Angela Burns from acting as a non-executive director (NED)…
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Australian regulator ASIC has just informed that a Melbourne-based financial services and credit business has been ordered by the Federal Court to pay penalties of $8,980,000 in total after it engaged in numerous contraventions of financial services, credit and consumer protection laws. Financial Circle offered personal loans to consumers of up to $5,000 that could…
Read moreThe Board of the Cyprus Securities and Exchange Commission (CySEC) wishes to inform investors that, at its meeting held on September 5th 2016, decided to impose a total administrative fine of €180,000 ($202,356) to the CIF IQ Option Europe Ltd. As a result of the same meeting, CySEC also decided to impose a total administrative…
Read moreThe combined penalties issued to Barclays and Deutsche Bank, at £511 million, make up the lion’s share of the £696.6 million total for the year to date, representing nearly half of the £1.4 billion reaped last year, however the FCA considers it very unlikely that it will be able to match that in the second half of the year
Read moreThe CFTC, FCA, US Department of Justice, and New York State Department of Financial Services have collectively issued their penalties to Deutsche Bank, with fines topping $2.5 billion
Read moreFINRA shows its regulatory prowess as Oppenheimer & Co is landed with a $2.5 million fine and a $1.25 million restitution order after broker Mark Hotton stole money from his customers and excessively traded their accounts
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