The U.S. Commodity Futures Trading Commission (CFTC) today filed an Order instituting proceedings and settling charges against Convergent Wealth Advisors…
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Tag: penalty
CFTC penalizes Société Générale $450K for failure to report FX swap trades on time
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Societe Generale SA (EPA:…
Read MoreCySec issues €168,000 administrative fine to Teddy Sagi’s Safecap Investments
Following onsite inspections by CySec of Safecap’s operations in May 2013 and October 2014, the Cypriot regulator has imposed a €168,000 fiscal penalty relating to administrative issues
Read MoreCFTC fines FCStone $140,000 for supervision violations
The CFTC’s order finds that one occasion, FCStone’s employees transferred positions between two accounts that did not have the same underlying beneficial ownership
Read MoreASIC fines FCStone Australia $130,000 for administrative failings
Australia’s national financial markets regulator ASIC has accepted a $130,000 (AUD) payment from FCStone Australia for infringements relating to risk management procedure and the filing of administrative reconciliations
Read MoreThe behavior of one broker costs Oppenheimer & Co $3.75 million in fines and restitution
FINRA 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
Read MoreICE Futures US fined $3 million for submitting inaccurate reports and data
The US Commodity Futures Trading Commission has issued a $3 million civil monetary penalty to ICE Futures US for submitting reports and data containing errors and omissions, with cumulative inaccuracies totaling in the thousands
Read More$60,000 fine from NFA for Nextsource Trading for exercising discretion over customer accounts
The NFA found that Nextsource Trading Corporation, a clearing member on CME and ICE, had entered discretionary trades on customer accounts without authorization
Read MoreAlpari Japan faces $8,000 fine for asymmetric slippage
Alpari’s Japanese operation has been issued with a fine by the FFAJ for asymmetric slippage on certain MetaTrader 4 client accounts which took place in December 2013.
Read MoreMerrill Lynch issued $1.9 million fine plus restitution by FINRA over pricing violations
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
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