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Australia

ASIC

DateCompany/Person NameViolationFineRead more
22-12-2016Westpac Securities Administration Limited and BT Funds Management Limited.For a number of contraventions, including failures of the 'best interests duty'.The first hearing for the proceedings will be on 2 February 2017.www.asic.gov.au/
22-12-2016Suncorp-Metway LimitedBreached consumer credit notification laws.$530,000www.asic.gov.au/
20-12-2016James MeadenBreached director duties.The matter has been adjourned to 8 February 2017.www.asic.gov.au/
20-12-2016George NassarFor various failures.Been disqualified from managing companies for the maximum period of five years.www.asic.gov.au/
16-12-2016Glyn RainesIndicated he intends to plead guilty to two charges of conspiracy.Offences carry a maximum penalty or two years imprisonment, or both.www.asic.gov.au/
16-12-2016Stewart James BanksEngaged in misleading and deceptive conduct.Permanently banned.www.asic.gov.au/
16-12-2016Keira Jane KeeganEngaged in misleading and deceptive conduct.Banned for three yeras.www.asic.gov.au/
15-12-2016Trevor FluggeFailed to investigate Iraq payments.The Court will hold a hearing about penalties on 16 February 2017.www.asic.gov.au/
15-12-2016Shun Yuen Ken LiPleaded guilty on two charges of dishonestly using his position.ChargesRead OSB Post
13-12-2016OpenMarkets Australia LimitedConcerns identified in a surveillance.Imposed additional conditions on its AFS license.Read OSB Post
12-12-2016Andrew TambyRajahEngaged in misleading and deceptive conduct.Banned for five yeras.Read OSB Post
09-12-2016Grant Aaron ParkerIntentionally misled his clients, third parties.Permanently banned.www.asic.gov.au/
09-12-2016Sino Australia Oil and Gas LimitedHad contravened the Corporations Act 2001.$800,000 penalty and its former chairman be disqualified from managing corporations for a period of 20 years.www.asic.gov.au/
08-12-2016Hochtief AGInsider trading.$400,000 and give up notional profits.www.asic.gov.au/
08-12-2016Mateen MohammedFor various failures.Banned for seven years.www.asic.gov.au/
06-12-2016Paul CheaibEngaged in misleading conduct.Permanently banned.www.asic.gov.au/
06-12-2016BMW Australia Finance Limited For lending failures.$77 millionRead OSB Post
30-11-2016Christopher John GriggsPrepared and submitted applications for insurance premium loan funding without the authority or knowledge of the named applicants.Permanently banned.Read OSB Post
29-11-2016Group Underwriters & Managers Pty LtdFailed to lodge financial statements.AFS licence suspended.Read OSB Post
28-11-2016Anthony BishopInvolved in the provision of inappropriate advice to clients and other failure.Banned for eight years.www.asic.gov.au/
23-11-2016S & S Enterprises Pty LtdCharged consumers an annual interest rate higher than the 48% maximum allowable.The Australian credit licence cancelled. www.asic.gov.au/
23-11-2016Andrew John SigallaFound guilty of dishonest conduct.He faces a maximum of five years' imprisonment and/or a fine of $220,000 for each count.www.asic.gov.au/
21-11-2016State One Stockbroking LtdFailed to comply with market integrity rules.ASIC has commenced civil penalty proceedings.Read OSB Post
18-11-2016James Edward McCarthyCreated and backdated Statements of Advice and Authority and forged client signatures.Banned for eight years.Read OSB Post
18-11-2016Sam GraceFor lodging a false or misleading document with ASIC.Given a recognizance release order of $500 to be of good behaviour for 12 months.www.asic.gov.au/
18-11-2016Shane Douglas HealDishonestly gained benefits.Chargeswww.asic.gov.au/
17-11-2016Fei YuAfter pleading guilty to insider trading.Released on recognizance, pay a $10,000 penalty, pay the net profits from his offending and being disqualified for 5 years.www.asic.gov.au/
17-11-2016Stephen Michael BecktonDid not comply with financial services laws.Banned for five yeras.www.asic.gov.au/
16-11-2016Commonwealth Securities LimitedIn infringement notice penalty.$200,000Read OSB Post
15-11-2016Darren John WiseFor forgery and misuse of client assets.Seven years imprisonment.Read OSB Post
15-11-2016Sergio AmarantiEngaged in misleading, deceptive and dishonest conduct.Permanently banned.www.asic.gov.au/
10-11-2016Frederick Leslie HansenPleaded guilty to two counts of dishonestly.4 years imprisonment.www.asic.gov.au/
10-11-2016Michael SpencerEngaged in price manipulation.Banned for three yeras.Read OSB Post
09-11-2016Cash ConvertersFailed to make reasonable inquiries into consumers' income and expenses.To pay over $12M following ASIC probe.Read OSB Post
07-11-2016George KarakatsanisEngaged in conduct that was misleading and deceptive.Permanently banned.www.asic.gov.au/
03-11-2016Christopher YoungFfailed to act in his clients' best interest and other failures.Banned for five yeras.www.asic.gov.au/
01-11-2016Rural & General Insurance Broking Pty LimitedFailed to lodge financial statements.AFS licence suspended.Read OSB Post
31-10-2016Ashley Grant HowardFollowing an investigation for various failures.?Permanently banned.Read OSB Post
28-10-2016Linda Rae WhelanSentenced to imprisonment for fraud and stealing charges.Permanently banned.www.asic.gov.au/
27-10-2016Clemente Group Holdings PtyAdministrative Appeals Tribunal (AAT) has affirmed ASIC’s decision.Refused an application for a derivatives/market maker licence.Read OSB Post
27-10-2016Pierre JarjouraBreached requirements and was not a fit and proper person.Disqualified from a SMSF auditor. www.asic.gov.au/
20-10-2016Bernard MeehanSubmitted false documents.Permanently banned.www.asic.gov.au/
19-10-2016Mark McIvorFollowing an earlier ASIC investigation into the collapse of Equititrust.Remains permanently banned.www.asic.gov.au/
13-10-2016Macro All State Investments & Securities LimitedThe activities of its director is under ASIC's investigation.Cancelled the AFS licence.www.asic.gov.au/
10-10-2016Findex Group Limited and Financial Index Australia Pty Ltd.For potentially misleading claims on the Findex website.Each paid a $10,800.Read OSB Post
10-10-2016Troy Andrew Rodney WilliamsProvided Financial Services Guides that contained false statements.Permanently banned.www.asic.gov.au/
04-10-2016Ben Jayaweera and Growth Plus Financial Group Pty Ltd.For Unpaid debts.Commenced civil proceedings.Read OSB Post
04-10-2016Lotus Securities LtdFailed to comply with a number of its key obligations.Cancelled the AFS licence.www.asic.gov.au/
29-09-2016Andrew DonaldsonHe contravened a financial services law.Permanently banned.Read OSB Post
28-09-2016Gabriel NakhlFraudChargeswww.asic.gov.au/
26-09-2016LT Management Pty Limited In relation to free SMSF set-up claims.$10,800 Read OSB Post
26-09-2016Michael MahoneyEngaged in conduct that was misleading and deceptive.Banned for Four yeras.www.asic.gov.au/
23-09-2016Sandeep Madhoji He was sentenced to imprisonment for fraud charges.Permanently banned.Read OSB Post
21-09-2016Simon Tickner and Lisa Darcy.Faced proceedings for signing off a loan to a company.Proceedings dismissed by consent.Read OSB Post
20-09-2016Sanhe Building Materials Technology Company Limited For alleged continuous disclosure breach.$33,000www.asic.gov.au/
20-09-2016Damian O'RourkeFor various failures.Permanently banned.www.asic.gov.au/
20-09-2016Darren Wayne ThompsonInsider trading.Chargeswww.asic.gov.au/
16-09-2016Allegianz Pty Ltd Failed to lodge financial statements and auditor reports.Cancelled the AFS licence.Read OSB Post
16-09-2016Geoffrey WoodcockNot hold required AFS licences.Banned for Four yeras.www.asic.gov.au/
15-09-2016Steven William HillFraudulently misappropriating of invested funds.Permanently banned.www.asic.gov.au/
14-09-2016Kerrie Marie KingConvicted in the County Court of Victoria on five counts.Permanently banned.www.asic.gov.au/
14-09-2016Rommel PanganibanFailed to act in his clients' best interests.Permanently banned.www.asic.gov.au/
14-09-2016Commonwealth Bank of AustraliaBreached of responsible lending laws.$180,000 in penalties and will write off $2.5 million in loan balances.Read OSB Post
13-09-2016Barry PatrickPleaded guilty to six charges following an ASIC investigation.6 years and 3 months imprisonment.www.asic.gov.au/
12-09-2016Jennifer FariasPleaded guilty loan fraud case.Permanently banned.Read OSB Post
08-09-2016The Sharemarket CollegeFailed to comply with a number of its obligations.Cancelled its AFS licence and banned Mr Graeme Allan Rogers and Mrs Jill Rogers.Read OSB Post
07-09-2016Morgan StanleyIn infringement notice for various failures.$123,750Read OSB Post
06-09-2016Madhvan NairSubmitting false or misleading documents to banks.$1,000 for each and all 18 charges on the condition to be of good behaviour for three years.www.asic.gov.au/
06-09-2016Mark Frederic ByersFor his conduct in the management of four failed companies. Banned for the maximum of five years.www.asic.gov.au/
02-09-2016Commonwealth Securities LimitedInfringement notice penalties.$700,000 penalty and $1.1 million in refunds.Read OSB Post
02-09-2016Garth Peter RobertsonFor various charges including fraud.Jailed for five years.www.asic.gov.au/
01-09-2016Ostrava Equities Pty Ltd, Bradley Grimm, Ms Vanessa Ash and eight other companies associated.Multiple breaches of financial services laws.Court winds up the companies. The two individuals banned for 20 and 10 years respectively.www.asic.gov.au/
01-09-2016IMS FX Services Pty Ltd Misleading application.Cancelled the AFS licence.Read OSB Post
30-08-2016Peter Elfyd LlewellynEngaged in unlicensed credit activity.Banned from engaging in credit activities for a period of ten years.www.asic.gov.au/
26-08-2016Emmanuel and Julie Cassimatis.Breached their duties.The matter will be listed for a further hearing at a later date.www.asic.gov.au/
26-08-2016Darren James Lindinsider trading offences.Adjourned to the Court on 1 November 2016.www.asic.gov.au/
24-08-2016Macquarie Investment Management LtdCorporations Act contraventions.$400,000 penalty and $200,000 for ASIC's legal costs.www.asic.gov.au/
24-08-2016Anthony Jason SourrisFalsely signed and backdated client authority form and other failures.Banned from providing financial services for two and a half years.www.asic.gov.au/
24-08-2016Sarah Kate GardnerInvolved in the creation of a falsely executed and backdated client authority form.Banned from providing financial services for one year.www.asic.gov.au/
24-08-2016Anthony John DowneyEngaged in misleading conduct for an Australian visa.Banned from providing financial services for six years.www.asic.gov.au/
24-08-2016R S Capital Partners Pty LtdFor misleading representations about the cost of setting up a SMSF.$10,800 www.asic.gov.au/
23-08-2016133 self-managed superannuation fund (SMSF) auditors.Did not lodge their annual statements.Cancelled the registration.www.asic.gov.au/
17-08-2016Nicholas KerrEngaged in unauthorised discretionary trading.Banned from providing financial services for five years.www.asic.gov.au/
17-08-2016Marigold Falconer International Limited Was unable to satisfy ASIC that it could obtain insurance cover for the services.Cancelled the AFS licence.Read OSB Post
12-08-2016Timothy Charles PrattenFailed to declare approximately $5 million of income.Permanently banned.www.asic.gov.au/
04-08-2016Pacific Millennium International Investment Group Pty LtdBreached the obligations of a financial services licensee.Cancelled the AFS licence.Read OSB Post
29-07-2016Emma Feduniwb also known as Emma Khalil.Loan fraud.Permanently banned.www.asic.gov.au/
28-07-2016Ronald Malcom Cross Unlawfully carried on an unlicensed financial services business.Banned from providing financial services for a period of four years.www.asic.gov.au/
26-07-2016Craig Scott MillerEngaged in conduct that was likely to mislead.Banned from providing financial services for 18 months.www.asic.gov.au/
26-07-2016Mark Steven GrevsmuhlSerious fraud convictions.Permanently banned.www.asic.gov.au/
26-07-2016Edwards Benefits Advisors Pty Ltd Failed to lodge financial statements.Cancelled the AFS licence.Read OSB Post
26-07-2016Ryan BatrosHe contravened a financial services law.Banned from providing financial services for five years.www.asic.gov.au/
22-07-2016Jianyong (Jenny) MaoGave misleading information to lender.The matter was adjourned to 5 September 2016.www.asic.gov.au/
20-07-2016ICBC Capital Pty LtdIn liquidation.Cancelled the AFS licence.Read OSB Post
15-07-2016Garth Peter RobertsonPleaded guilty to various charges including fraud.He will be sentenced on 1 September 2016.www.asic.gov.au/
06-07-201640 unlicensed retail OTC derivative providers.Unlicened to offer financial services to retail investors in Australia.Removed references to Australia, ceased marketing campaigns directed at Australian investors and other remedial actions.Read OSB Post
04-07-2016Satvir Singh BirkCharged with five counts of fraud.The matter was adjourned until 1 August 2016.Read OSB Post
01-07-2016Etern Wisdom Global Pty LtdFailed to lodge financial statements.Cancelled the AFS licence.www.asic.gov.au/
01-07-2016XTrade.au Pty LtdASIC's surveillance raised concerns.Changed client money practices.Read OSB Post
29-06-2016Jennifer Mary FariasPleaded guilty to 3 counts of loan fraud.Sentenced to intensive correction order.Read OSB Post
29-06-2016Ergo Capital Pty Ltd Failed to comply with a number of its obligations.Read OSB Post
28-06-2016Advamode Financial Pty LtdFollowing company's request after placed into liquidation.Cancelled the AFS licence.www.asic.gov.au/
28-06-2016Macquarie Securities (Australia) Limited.To comply with an infringement notice given to it.$120,000 www.asic.gov.au/
24-06-2016Oliver CurtisFound guilty of conspiring to commit insider trading.Sentenced to two years imprisonment.Read OSB Post
23-06-2016Macquarie Investment Management LtdFailed to comply with its duties as a responsible entity.ASIC commences proceedings.www.asic.gov.au/
08-06-2016Wayne MeadthFound to not be adequately trained or competent to provide financial services.Banned from providing financial services for one year.www.asic.gov.au/
08-06-2016NSG Services Pty LtdAlleged breaches of 'best interests duty'.ASIC is seeking declarations of breaches and financial penalties.www.asic.gov.au/
07-06-2016National Australia Bank (NAB)Unconscionable conduct and market manipulation.ASIC has sought from the court pecuniary penalties.www.asic.gov.au/
06-06-2016Oliver Peter CurtisFound guilty of insider trading conspiracy.Bailed to appear for a sentencing hearing on 17 June.www.asic.gov.au/
03-06-2016Michael William HullPleaded guilty to insider trading charges.Sentenced to 17 months imprisonment.www.asic.gov.au/
02-06-2016Malcolm Philip BerstenBreached his duties and failed to comply with financial services laws.Banned from managing corporations and providing financial services for five years.www.asic.gov.au/
01-06-2016TMK Index LimitedFailing to comply with a number of key obligations.Cancelled its AFS licence.Read OSB Post
30-05-2016Winley Insurance Group Pty LtdFailing to lodge financial statements.Cancelled its AFS licence.www.asic.gov.au/
30-05-2016Rescue Credit Pty LtdOver-charging consumers.Refund $35,000 to customers.www.asic.gov.au/
27-05-2016Kenneth David DrakePleaded guilty and convicted of two counts of stealing.Permanently banned from providing financial services.www.asic.gov.au/
27-05-2016Tak Simson KwokMisleading and dishonest conduct.Permanently banned from financial services industry.www.asic.gov.au/
23-05-2016Gabriel EhrenfeldFor various failures.Disqualified from managing corporations for five years.www.asic.gov.au/
23-05-2016Brian DobinsonFor various failures.Permanently removed from the financial services industry.www.asic.gov.au/
20-05-2016Marigold Falconer International LimitedDoes not have adequate professional indemnity insurance.Suspends its AFS licence.Read OSB Post
20-05-2016Credit Suisse Equities (Australia) LimitedTo comply with an infringement notice.$74,000Read OSB Post
17-05-2016Ricky David GillespieForgery of 31 documents.Appeared in Court and the case was adjourned for 4 July 2016.www.asic.gov.au/
13-05-2016Nicolai D'LamartinConvicted of numerous counts of fraud and related offences.Permanently banned.Read OSB Post
12-05-2016 Bradley Thomas SherwinPreviously banned for two years and seven months.Permanently banned.Read OSB Post
12-05-2016George John NowakFor misappropriating $1.8 million in SMSF property investments.The matter is listed for return on 12 July 2016.www.asic.gov.au/
09-05-2016Grant Aaron ParkerEngaged in misleading conduct.Permanently banned.Read OSB Post
28-04-2016Stephen Charles HallFor aiding and abetting breach of director's duty.$6,600www.asic.gov.au/
28-04-2016ABN AMRO Clearing Sydney Pty LtdFor failing to make enquiries through the message facility.$45,000www.asic.gov.au/
26-04-2016Hardik BhimaniMisappropriated advice fees owed to his employer.Permanently banned.www.asic.gov.au/
21-04-2016Giulia PennaSubmitted false documents.Permanently banned.Read OSB Post
18-04-2016Steven William HillFraudulently misappropriating of invested funds.2 years and 9 months imprisonment.www.asic.gov.au/
18-04-2016Nine abandoned companies.ASIC has exercised its wind up powers to assist employees gain access to the FEG scheme.Winds up.www.asic.gov.au/
18-04-2016Julie Maree Vanzyl Engaged in dishonest and misleading conduct.Permanently banned.www.asic.gov.au/
18-04-2016Haydn Reimers Engaged in misleading and deceptive conduct.Permanently banned. www.asic.gov.au/
15-04-2016Paul DuncanEngaged in misleading and deceptive conduct.Banned from providing financial services for four years.www.asic.gov.au/
13-04-2016Deutsche Bank AG To comply with an infringement notice.$20,000Read OSB Post
05-04-2016Westpac Banking CorporationUnconscionable conduct and market manipulation.Civil penalty proceedings.www.asic.gov.au/
05-04-2016Emma Feduniw Admitted to charges relating to home loan fraud.Next appears in court on 3 June 2016 for sentencing.www.asic.gov.au/
31-03-2016Allegianz Pty LtdFailed to comply with a number of key obligations.License suspended for six months.www.asic.gov.au/
24-03-2016Lewis Anthony Wright FellowesDishonestly obtained money from his clients' margin loan accounts.Chargeswww.asic.gov.au/
24-03-2016David Llewelyn HicksObtained financial advantage by deception.Permanently banned.www.asic.gov.au/
23-03-2016Nimble Australia Pty LtdASIC had concerns that Nimble was failing to meet its responsible lending obligations.Refund $1.5 million.www.asic.gov.au/
22-03-2016Cymon Fontaine Defrauded clients. Chargeswww.asic.gov.au/
17-03-2016Macquarie Bank Limited Following an investigation by ASIC into a series of breach reports.Additional licence conditions.www.asic.gov.au/
11-03-2016Hui XiaoInsider trading.8 years and 3 months imprisonment.www.asic.gov.au/
11-03-2016Macquarie Bank Limited Breach reports.Has imposed additional licence conditions.www.asic.gov.au/
07-03-2016Australia and New Zealand Banking Group (ANZ)Breaching responsible lending laws.$212,500Read OSB Post
04-03-2016Australia and New Zealand Banking Group Limited (ANZ)Unconscionable conduct and market manipulation.ASIC has sought from the court pecuniary penalties.Read OSB Post
03-03-2016Gerard McCormackHe contravened financial services laws.Banned for five years from providing financial services.www.asic.gov.au/
24-02-2016Rankothge Bandula (Ben) Jayaweera.ASIC has accepted an enforceable undertaking (EU).Permanently removed from the financial services industry.www.asic.gov.au/
24-02-2016Traders4Traders Pty LtdFailing to comply with a number of key obligations.Suspended its AFS licence.www.asic.gov.au/
16-02-2016Andrew MoroneyOperated a business model of providing advice that prioritised his own interests ahead of his clients.Permanently banned.www.asic.gov.au/
16-02-2016Timothy HornibrookHe contravened financial services laws.Banned from providing financial services for a period of six years.Read OSB Post
15-02-2016Darren WisePleading guilty to three charges of dishonestly.Permanently banned from providing financial services.Read OSB Post
10-02-2016Angie SkourasFailed to ensure that Global Edge complied with its obligations under the credit legislation. Banned for four years.www.asic.gov.au/
09-02-2016Craig Eric LynchBreached his duties as a director of PFS and PFIS.Disqualified and banned for 4 years.www.asic.gov.au/
09-02-2016Fair Go Finance Pty Ltd Overcharging consumers.$34,000 www.asic.gov.au/
04-02-2016GRG International Ltd Late lodgement of financial accounts.$37,500www.asic.gov.au/
04-02-2016Steven Robert NoskeInsider trading.Charges. The matter was adjourned to 22 March 2016.www.asic.gov.au/
04-02-2016Roger MunroOperated an unlicensed financial services business. Permanently restrained from operating without AFS license.www.asic.gov.au/
04-02-2016Shane Thompson former NAB bank adviser.He contravened financial services laws and he was not a fit and proper person.Banned for seven years.www.asic.gov.au/
03-02-2016Nicholas James EllisFor misleading investors.Charges. The matter has been listed for mention on 22 March 2016.www.asic.gov.au/
02-02-2016BMW FinanceBreaching responsible lending and repossession laws.$391,000 penalty and a condition placed on its Australian credit licence.www.asic.gov.au/
02-02-2016Hochtief AGAdmited to insider trading contravention.Started legal action seeking a financial penalty.www.asic.gov.au/
25-01-2016ZhongHuanYun Holdings GroupFor alleged continuous disclosure breach.Penalty of $33,000.www.asic.gov.au/
25-01-2016Australia Samly Holdings LimitedFor alleged continuous disclosure breach.Penalty of $33,000.www.asic.gov.au/
20-01-2016WestpacASIC's concerns about credit card limit increase practices.Contribution of $1 million.www.asic.gov.au/
18-01-2016Thanh TuPleaded guilty to fraud charges.Nine-and-a-half years imprisonment.Read OSB Post
18-01-2016Ben RickmanFound to not be adequately trained or competent to provide financial services.Banned from providing financial services for three years.www.asic.gov.au/
15-01-2016Darren WisePleaded guilty in Court to three charges following an investigation by ASIC.Granted bail. Sentence on a date to be fixed.www.asic.gov.au/
14-01-2016Ben Cheung of EppingHe contravened financial services laws.Banned from providing financial services for ten years.www.asic.gov.au/
14-01-2016Wayne Robert MillerInvolved in contraventions of financial services laws by ACI Broking WA and related entities.Banned from providing financial services for four years.www.asic.gov.au/
23-12-2015Peter Neil LandauOngoing investigation into matters including the use of investor's subscription moneys.ASIC obtains interim court orders against him.www.asic.gov.au/
21-12-2015Nicholas Francis John BoltonFollowing his involvement in the failure of 13 companies. Disqualified managing corporations for three years.www.asic.gov.au/
18-12-2015Darren Jason ArnoldMade unauthorised withdrawals from various bank accounts in a friend's name.Permanently banned.www.asic.gov.au/
18-12-2015Tony DavidofMarket manipulation.Banned from providing financial services for three years.www.asic.gov.au/
16-12-2015Aizaz Hassan and Mohamed Radhi Maki Ebrahim Ahmed.Joint roles in multi-million dollar home-loan fraud conspiracy.Each sentenced to 5 year Community Corrections Orders.www.asic.gov.au/
16-12-2015John GayInsider trading.$500,000 pecuniary penalty.www.asic.gov.au/
15-12-2015Mark Lionel TidburyHad contravened a financial services law.Banned from providing financial services for six years.www.asic.gov.au/
10-12-2015Macquarie Securities (Australia) LimitedFailing to prevent a non-Designated Trading Representative from submitting Trading Messages.$110,000 infringement notice penalty.www.asic.gov.au/
10-12-2015D2MX Pty LtdFor various failings. $120,000 infringement notice penalty.www.asic.gov.au/
09-12-2015Rana Turkington HepiEngaged in dishonest and misleading conduct. Banned engaging in credit activities and providing financial services for eight years.www.asic.gov.au/
09-12-2015Etrade Australia Securities LimitedFailed to comply with a ASIC market integrity rule.$65,000 infringement notice penalty.Read OSB Post
09-12-2015Australian Investment Exchange LimitedFor various failings. $130,000 infringement notice penalty.Read OSB Post
08-12-2015Mark ChappleConvicted of fraud.Permanently banned.Read OSB Post
07-12-2015John Stephen PauldingBreached his duties as a director.Banned from managing corporations for five years.www.asic.gov.au/
07-12-2015Midland Hwy Pty LtdFor public interest required the winding up.Wind-up orders following ASIC action.www.asic.gov.au/
03-12-2015James DermodyNot a fit and proper person to act as an approved SMSF auditor.Disqualified from being an approved Self-Managed Superannuation Fund (SMSF) auditor.www.asic.gov.au/
03-12-2015Mark McIvorBreaches of the financial services legislation.Permanently banned.www.asic.gov.au/
02-12-2015Abe SamuelHad breached independence requirements.Disqualified as SMSF auditor.www.asic.gov.au/
01-12-2015Bassem FaresAdmitted to creating false income verification documents and false letters of employment.Permanently banned.www.asic.gov.au/
30-11-2015Park Trent Properties Group Pty Ltd.Had unlawfully carried on an unlicensed financial services business for over 5 years.A permanent injunction restraining them from providing unlicensed financial product advice.www.asic.gov.au/
30-11-2015Morgans Financial Limited Concerns relating to Morgans' arrangements for monitoring and supervising its representatives.Agreed to the imposition of new licence conditions on its AFS license.Read OSB Post
30-11-2015Manoj AbichandaniProvided untruthful statements and that he was not a fit and proper person to be an approved SMSF auditor.Disqualified him from being an approved Self Managed Superannuation Fund (SMSF) auditor. www.asic.gov.au/
25-11-2015Commonwealth BankFailing to apply benefits.To refund $80 million.www.asic.gov.au/
24-11-2015Tony NguyenInvolved multiple breaches of the credit legislation and was considered serious, repeated, and dishonest.Permanently banned from the credit industry.www.asic.gov.au/
19-11-2015Chronos Capital Pty Limited and Robert Lachlan Semple.Various breaches of financial laws.Cancelled the AFS License of the company and permanently banned Robert Lachlan Semple.Read OSB Post
19-11-2015J.P. Morgan entitiesConcerns about significant and repeated failures to comply with the disclosure conditions of ASIC exemptions.Accepted an Enforceable Undertaking (EU). www.asic.gov.au/
18-11-20153 Investment CompaniesSoliciting investments from the public without proper disclosure and the way the funds have been applied.Obtained orders in the Federal Court for freezing their assets.www.asic.gov.au/
12-11-2015Australia and New Zealand Banking Group (ANZ).Failed to accurately apply bonus interest to PSA Accounts. $13 million in compensation.www.asic.gov.au/
10-11-2015Jiangyong (Jenny) Mao.Submitted false documents to support home loan applications.Permanently banned from engaging in credit activities and providing financial services.www.asic.gov.au/
09-11-2015Marion Joan Pearson Contravened financial services laws.Permanently banned from the financial services industry.www.asic.gov.au/
03-11-2015O.C.M. Online Capital Markets Pty LtdMisleading advertising.$30,600Read OSB Post
28-10-2015John Cilmi and Northern Securities (Victoria) Pty Ltd.Various violations.Banned from credit activities and cancelled the ACL Licence of Northern Securities.www.asic.gov.au/
27-10-2015Avestra Asset Management LtdHad persistently contravened its duties.Provisional liquidators appointed following an application by ASIC.www.asic.gov.au/
22-10-2015Narrow Lane Investments Pty Ltd Previously suspended.Cancelled the AFS licence.www.asic.gov.au/
21-10-2015Isaac HakimEngaged in misleading and deceptive conduct.Permanently banned from providing financial services.www.asic.gov.au/
16-10-2015Oliver James WoodBreaching his directors’ duties.10 months imprisonment was fully suspended upon certain conditions.www.asic.gov.au/
15-10-2015Amanda RitchieFalsely created documents, engaged in misleading and deceptive conduct, transferred funds without authorisation.Permanently banned from providing financial services. www.asic.gov.au/
15-10-2015LSG Group Pty LtdRepeatedly failed to comply with the conditions on its licence and made misleading or deceptive representations.Cancelled the AFS License Read OSB Post
07-10-2015Stuart Murray JamiesonFailed to provide a Statement of Advice (SOA) within the required timeframe.Banned from providing financial services for five years.www.asic.gov.au/
06-10-2015Sharnie KentContravened financial services laws.Banned from providing financial services for eight years.www.asic.gov.au/
06-10-2015Shiv Prakash SahayLoan fraud.Permanently banned from the credit and financial services industries.www.asic.gov.au/
02-10-2015Gary Collyer ArmstrongRole in the collapse of the national whitegoods distributor.7 years jail.www.asic.gov.au/
01-10-2015United Financial Services Pty LtdSuspected loan fraud.Imposed licence conditions.www.asic.gov.au/
01-10-2015Total Financial Solutions Australia Limited.Concerns about the steps taken by TFSA to comply with financial services laws.Added additional licence conditions.www.asic.gov.au/
30-09-2015ACI Broking WA and related entities.Breached of financial services licensee obligations.Cancelled the AFS license.www.asic.gov.au/
29-09-2015Dunfo Capital Pty Ltd Failed to comply with key obligations.Cancelled the AFS licence.www.asic.gov.au/
25-09-2015Nigel Derek HeathMarket manipulation.Two years and three months imprisonment. www.asic.gov.au/
24-09-2015Reid Menkens and Leo Menkens.Concerns over their compliance with financial services laws.Prompts into enforceable undertakings.www.asic.gov.au/
24-09-2015Lukas ZelkaHis advice did not meet the standards expected of a financial adviser and that he had failed to comply with financial services laws.Banned from providing financial services for three years.www.asic.gov.au/
23-09-2015D J Carmichael Pty Limited Paid a penalty for an infringement notice of failing to comply with an ASIC market integrity rule.$300,000 www.asic.gov.au/
21-09-2015PAID International Ltd (PAID)Ceased to engage in credit activities and is insolvent.Suspended its credit licence.www.asic.gov.au/
18-09-2015Fernando Morais and Sanfern Pty Ltd. Contravened credit legislation.Banned from engaging in credit activities for ten years and cancelled the credit licence of his company.www.asic.gov.au/
16-09-2015Alfie ChongProvided inappropriate advice and various other failures.Banned from providing financial services for five years.www.asic.gov.au/
08-09-2015Michael KolodyWas not adequately trained or competent to provide financial advice and had failed to comply with the financial services laws.Banned from providing financial services for five years and six months.Read OSB Post
07-09-2015Raghwa Nand PrasadContravened credit legislation and financial services laws.Banned from providing financial services and from engaging in credit activities for four years.Read OSB Post
03-09-2015Advamode Financial Pty LtdASIC surveillance identified concerns regarding their ability to effectively carry out their supervisory requirements. Additional licence conditions imposed.Read OSB Post
03-09-2015Nicholas HunterHe had contravened financial services laws and is bankrupt. Permanently banned from financial services industry.www.asic.gov.au/
28-08-2015Financial Broking Consultants Pty LtdBreached a licence condition by failing to appoint an appropriate and competent person to operate the business.Cancels Financial Broking Consultants' Australian Credit Licence.Read OSB Post
27-08-2015FIBO Group Limited (FIBO) and Trading Point of Financial Instruments Limited (XM.com).Have Australian clients but not appropriately licensed to provide financial services in Australia.Each agreed to cease providing unlicensed financial services to Australians.Read OSB Post
25-08-2015Smithson & Baye Pty LtdPart of an ongoing investigation involving advice to investors to establish an SMSF for investment in real estate.Cancels Australian credit licence.www.asic.gov.au/
24-08-2015Oceanic Asset Management Pty Ltd and Mulato Nominees Pty Ltd.Following complaints made by a large number of UK-based investors.Federal Court of Australia has made orders appointing a provisional liquidator following a successful application made by ASIC. www.asic.gov.au/
13-08-2015Martin Hodgetts Submitted false insurance policy proposals to the bank in order to obtain benefits for himself.Permanently banned from the financial services industry.www.asic.gov.au/
11-08-2015Australian Capital Markets Advisory Services Pty LtdThe new management of the company was unable to demonstrate it was fully compliant with many of the AFS licensing requirements.Suspended its Australian financial services (AFS) Licence.Read OSB Post
06-08-2015Shawn HickmanEngaged in unauthorised discretionary trading on his clients' accounts and created false records.Banned from providing financial services for six years.Read OSB Post
06-08-2015Sentinel Private Wealth Pty LtdConcerns over the company’s compliance with financial services laws.Imposed conditions on its Australian financial services licence.www.asic.gov.au/
04-08-2015Dixon Advisory GroupComplied with two ASIC infringement notices after including potentially misleading claims on its website.$10,200www.asic.gov.au/
28-07-2015Trevor John Seymour, former director Provident Capital.Breached his duties as a director and failed to comply with financial services laws.Banned from managing corporations and providing financial services for three years.Read OSB Post
23-07-2015Andrew JeffersAfter ASIC found that GTL Trade Up Pty Ltd (In Liquidation)(GTL), a company of which Mr Jeffers was a director, issued statements which were materially false or misleading.Banned from providing any financial services until 21 May 2018.Read OSB Post
21-07-2015Omniwealth Services Pty Ltd Included potentially misleading advertising claims on its website.$10,200www.asic.gov.au/
20-07-2015Eric-John Larry Pryor and Mr Peter Lachlan McDonald.Engaged in dishonest and misleading conduct. Permanently banned engaging in credit activities and providing financial services.www.asic.gov.au/
15-07-2015Peter Charles Pritchard FarrisInsider trading. Following ASIC Investigation, Court sentenced him to a total of 2 years and 9 months imprisonment, fully suspended and fined $65,000.www.asic.gov.au/
14-07-2015Peter BrennanAfter finding the work he performed in auditing three SMSFs for 2011 and 2012 to be deficient.Disqualified him from being an approved Self-Managed Superannuation Fund (SMSF) auditor.www.asic.gov.au/
09-07-2015David HodgsonFailed to ensure that his company complied with its obligations as a Responsible Entity under the Corporations Act.Banned from providing financial services for two years.www.asic.gov.au/
03-07-2015John Patrick Sweeney Engaged in misleading or deceptive conduct in relation to a financial product.Banned from providing financial services for two years.www.asic.gov.au/
03-07-2015Interactive BrokersASIC has not to date been in a position to grant IB's Australian subsidiary an appropriately authorised licence.ASIC has requested IB to cease providing all over-the-counter FX services in Australia.Read OSB Post
30-06-2015Lee Robert Robin, director of Protect Ensure Pty LtdEngaged in conduct that was misleading or deceptivePermanently bannedwww.asic.gov.au/
25-06-2015Bradley Thomas Sherwin, Chairman of Wickham Securities Limited and Principal of Sherwin Financial Planners Pty Ltd33 counts of dishonestly causing detriment totalling nearly $10 million The matter will return to the Brisbane Magistrates Court on 23 July 2015www.asic.gov.au/
18-06-2015FXTS GuruNot licensed to provide financial services in Australia.Cease contacting Australian resident investors and remove references to Australia from its websiteRead OSB Post
17-06-2015Macquarie Investment Management LimitedSystem errorsRefund over $5.5 million to around 2,300 clients Read OSB Post
16-06-2015BT Funds Management LtdTwo infringement notices for misleading statements contained in the online advertising of BT Super$20,400www.asic.gov.au/
15-06-2015Barry David Hassell, Director of B.D. & W.J. Hassell Pty Ltd (financial advice company)Dishonest conduct, providing ASIC with false or misleading information and failing to provide a disclosure document to clients12 months imprisonment, to be released forthwith on his own recognisance of $100, to be of good behaviour for a period of 12 monthswww.asic.gov.au/
09-06-2015Mr Paul DuncanPromoter of non-existent fundBanned from providing financial services for four yearswww.asic.gov.au/
04-06-2015Shaun Gregory MorganOffering of unlicensed financial services through a number of websites Permanently banned from providing financial services www.asic.gov.au/
27-05-2015Mr James AppadooSteal $1m from client's accountPermanently banned from providing financial serviceswww.asic.gov.au/
27-05-2015TCI Capital Advisers Pty LtdFailed to ensure the company had adequate financial resources, failed to lodge audited financial accounts within the required timeframe and failed to report this breach to ASIC.Cancelled the Australian financial services (AFS) licencewww.asic.gov.au/
25-05-2015Mr O'Malley, former representative of Macquarie Equities LimitedHe engaged in unauthorised discretionary trading on his clients' accounts and created false records. Banned from providing financial services for five yearswww.asic.gov.au/
21-05-2015FX PrimusNone of the entities in the FX Primus group of companies hold an AFS licence, to provide Australian investors with financial services.To cease targeting Australian investorswww.asic.gov.au/
21-05-2015Jeffrey Revell-ReadeConvicted over a £70 million fraud in Great Britain. Identified as the mastermind of the boiler room fraud scheme which snared more than 1000 investors.Permanently banned from providing financial services in Australia www.asic.gov.au/
14-05-2015ICAP Futures (Australia) Pty Ltd 1) executing trades with the intent to exclude other participants or their representatives, on two separate occasions; and 2) failing to make an enquiry through the message facility and wait the prescribed period prior to executing trades.$50,000Read OSB Post
12-05-2015FX provider Rainbow Legend Group Pty Ltd For failing to comply with its obligations, including making false and misleading statements.Cancelled the Australian financial services (AFS) licence Read OSB Post
07-05-2015Ms Ash and Mr Grimm, Directors of Ostrava Equities Pty Ltd (financial services company)Investigation into alleged unauthorised withdrawals of client funds and charging of fees Following ASIC application, Court orders surrender of passportswww.asic.gov.au/
05-05-2015Ken Hart Insurance Brokers Pty Ltd Pty Ltd, McDouall Stuart Corporate Finance Pty Limited, Marshall Laurence Pty Ltd, Green Stride Investment Management Pty Ltd Failing to lodge annual statements and Failing to advise ASIC in writing, within 10 business days, of becoming aware of this significant breachCancelled AFS licenceRead OSB Post
05-05-2015Navigate Funds Management Pty Ltd Failing to lodge annual statements and Failing to advise ASIC in writing, within 10 business days, of becoming aware of this significant breachSuspend AFS licence from 23 December 2014 to 27 February 2015Read OSB Post
30-04-2015Garth Peter Robertson, former CEO of collapsed debenture issuer Wickham Securities Ltd.Charged with various offences, including fraudThe matter was adjourned for further mention on 25 June 2015Read OSB Post
29-04-2015Atish Prasad, former financial adviserWas not adequately trained or competent to provide a financial service and failed to comply with the financial services laws.Banned for 3 years. www.asic.gov.au/
28-04-2015FC Stone Australia Pty Ltd Contravened subsection 798H(1) of the Corporations Acton several occasions by failing to comply with certain ASIC (ASX24) market integrity rules.$130,000Read OSB Post
02-04-2015FX provider AGM Markets Pty LtdStopped operating a financial services business in May 2014 however has indicated it intends to recommence its business at the end of April 2015.AFS licence suspended for six months from 26 March 2015.www.asic.gov.au/
20-03-2015Meenakshi Devi Callychurn and Unique Mortgage Services Pty Ltd. Failed to actively engage in the operations of the business and failed to meet the standards expected in the roles of sole director, key person and fit and proper person. UMS was likely to contravene the credit legislation.Meenakshi Devi Callychurn banned from engaging in credit activities for five years, and cancelled the Australian credit licence of her company Unique Mortgage Services Pty. Read OSB Post
17-03-2015The Hon Josh Frydenberg, Assistant Treasurer and The Hon Kelly O’Dwyer, Parliamentary Secretary to the Treasurer.Insider trading, money laundering and abuse of public office offences.Josh Frydenberg, sentenced to jail terms of 7 years and 3 months and Kelly O’Dwyer, sentenced to jail 3 years and 3 months.Read OSB Post
13-03-2015Dunfo Capital Pty LtdFailing to comply with a number of key obligations as a licenseeSuspended the Australian Financial Services (AFS) Licence. www.asic.gov.au/
12-03-2015Lewis FellowesEngaged in dishonest conduct and in misleading or deceptive conduct in relation to six clients over the July 2008 to July 2010 period.Permanently banned from providing financial services.www.asic.gov.au/
12-03-2015Australian Financial Planning Solutions Pty LtdMisleading advertising.$10,200www.asic.gov.au/
25-02-2015Equity Trustees Limited and Como Financial Services Pty Ltd.Misleading website.Each paid $20,400.www.asic.gov.au/
25-02-2015David Neil WilkinsEngaged in misleading conduct and provided inappropriate advice.Banned from providing financial services for five years.www.asic.gov.au/
16-02-2015Enfinium Pty LtdFailed to have adequate risk management systems, in particular, controls on its Meta Trader 4 (MT4) trading platform and a plug in device known as the 'Virtual Dealer.'Cancels of the Australian financial services (AFS) licence.www.asic.gov.au/
10-02-2015Melinda ScottDefrauding more than 150 clients of over $5.9 million over a period of 20 years.Three years and ten months in jail before being eligible for parole.www.asic.gov.au/
07-01-2015Guardian AdviceDeficiencies in the advice it provided to retail clients and was not complying with its general obligations as an AFS licensee, including failing to properly supervise its authorised representatives.Imposed conditions on the Australian financial services (AFS) licencewww.asic.gov.au/
Canada

BCSC

DateCompany/Person NameViolationFineRead more
20-12-2016Ayaz DhananiFor fraud.Permanently banned.www.bcsc.bc.ca
15-11-2016Larry Keith DavisFor fraud.Permanently banned.www.bcsc.bc.ca
04-11-2016Verdmont Capital, S.A.Unregistered trading.$350,000 settlement and permanently banned.www.bcsc.bc.ca
21-10-2016Richard Dean Reoji NawataBreached cease trade order.$6,000 and various prohibitions.www.bcsc.bc.ca
06-10-2016William Raymond MaloneBreached a Commission order.$60,000 penalty, banned and various prohibitions.www.bcsc.bc.ca
21-09-2016Tin Chao Alan LauFraud$85,000 penalty, a disgorgement and permanently banned.www.bcsc.bc.ca
08-09-2016Richard Lian and Enna M. Keller.Fraud against investors.The panel directed the parties to make submissions on sanctions.www.bcsc.bc.ca
23-08-2016Thomas Arthur Williams and his group of companies.For fraud and illegal distributions.Ordered to pay an administrative penalty of $15 million and permanently banned.www.bcsc.bc.ca
18-08-2016Roberto CastanoFor investment fraud.Sentenced to 27 months imprisonment and ordered to pay restitution to seven investors.www.bcsc.bc.ca
16-08-2016Gordon Brent PierceSubject of two orders issued by the SEC.Permanently banned from capital markets.www.bcsc.bc.ca
08-08-2016Harold SchneiderHas admitted to breaching a cease trade order.Has agreed to pay $10,000 and he is prohibited from becoming or acting as a director or officer for 3 years.www.bcsc.bc.ca
05-08-2016William Raymond MaloneBreached an order.The panel directed the parties to make submissions on sanctions.www.bcsc.bc.ca
13-07-2016Rui Figueiredo For fraud.$130,000 and $57,875 penalties and permanent banned.www.bcsc.bc.ca
27-06-2016Asia Finance Corporation LtdFor unregistered trading in B.C.$125,000www.bcsc.bc.ca
21-06-2016Tin Chao Alan LauCommitted fraud.To make submissions on sanctions.www.bcsc.bc.ca
13-06-2016HSBC entitiesFor charging clients excess fees.$300,000 and $20,000 for seetlement and cost.www.bcsc.bc.ca
08-06-2016Mark Aaron McLearyFor failing to file insider reports.$25,000 and he is permanently prohibited.www.bcsc.bc.ca
03-06-2016John Ferdinand Alexander Spangenberg and two companies.Fraud on investors and illegally distributing securities.Penaty of $225,000, $69,996 and $101,450 respectively and he is permanently banned.www.bcsc.bc.ca
01-06-2016Ayaz DhananiCommitted fraud on three investors.Parties to make submissions on sanctions.www.bcsc.bc.ca
30-05-2016Amy May Hanna-Rogerson, Gurpreet Singh Pawar, David James RogersonSanctioned by IIROC.Issued reciprocal orders against them.www.bcsc.bc.ca
26-05-2016Teresa Kathleen de La BoursodiereUnregistered advising.Pay $7,500 for settlement.www.bcsc.bc.ca
16-05-2016Kamaljeet Kaur SumalMade false statements to investigators.Settlement agreement.www.bcsc.bc.ca
26-04-2016Lance Sanford Cook and Canada’s Best Mortgage Corp.Allegations that they sold securities in breach of securities laws.Issued a notice of hearing.www.bcsc.bc.ca
07-04-2016Brent Glen Jardine Breached settlement order.$40,000 and other prohibitions for a period of seven years.www.bcsc.bc.ca
21-03-2016Gordon EberweinAdmitted that he engaged in “wash trades”.He has paid $15,000 to the BCSC, and has agreed to prohibitions for a period of four years (with limited exceptions).www.bcsc.bc.ca
16-03-2016Patrick Aaron DunnHe admitted that he sold securities in breach of securities laws. He paid $11,000 and he is prohibited from trading in securities and other restrictions for a period of two years.www.bcsc.bc.ca
14-03-2016John Ferdinand Alexander Spangenberg and two companies. Perpetrated a fraud on investors and illegally distributed securities. Parties to make submissions on sanctions.www.bcsc.bc.ca
25-02-2016Robert Bruce RushFraud$200,000 and permanently banned.www.bcsc.bc.ca
19-02-2016Doris Elizabeth NelsonFraud$18.5 million permanently banned.www.bcsc.bc.ca
29-01-2016Winter Huang, Vicky Dancho and two B.C. incorporated companies.Perpetrated fraud and distributed securities illegally.Allegations. A hearing on February 23, 2016.www.bcsc.bc.ca
19-01-2016Thomas Arthur Williams and his group of companies.Committed fraud.The panel directed the parties to make submissions on sanctions.www.bcsc.bc.ca
12-01-2016Rodney John SniderIllegally distributing securities.$7,500 and prohibited for a period of four years.www.bcsc.bc.ca
11-01-2016HRG Healthcare Resource Group Inc., Alexander Downie, and Daniel G. Mohan.Illegally distributing securities.Mohan and Downie to pay penalty, resign, prohibited and banned. HRG be permanently cease-traded.www.bcsc.bc.ca
17-12-2015Stewart Douglas Loughery and Richard Dean Reoji Nawata.Allegations that they breached a cease trade order and filed misleading disclosure.BCSC has issued a notice of hearing, before a panel of commissioners on January 26, 2016.www.bcsc.bc.ca
15-12-2015Five individuals.Illegally distributing securities.Administrative penalties and prohibitions of three to seven years.www.bcsc.bc.ca
10-12-2015A company and three individuals.Illegally distributing securities.$10,000 and be banned for at least five years. $5,000 and be banned for at least one year. The Company permanently cease-traded and all four $10,000.www.bcsc.bc.ca
08-12-2015Hong Liang ZhongFraud, unregistered trading and offering clients false guarantees.Pay $401,883.44, an administrative penalty of $250,000 and permanently banned from the province’s capital markets.Read OSB Post
30-11-2015Rodney Jack Wharrami, West Karma Ltd and the Falls Capital Corp.Committed fraud.Jointly and severally liable for $517,500. Wharram was also ordered to pay an administrative penalty of $500,000 and permanently banned.Read OSB Post
27-10-2015James Francis (J. Frank) CallaghanBreaching national mining standard.$30,000www.bcsc.bc.ca
15-10-201513 individuals.Sanctioned by other Regulatory Authorities.Reciprocated enforcement orders.www.bcsc.bc.ca
25-09-2015Alfredo Miguel “Michael” Yong, Inverlake Property Investment Group Inc. and Wheatland Business Park Ltd.Illegally distributed securities.The panel directed the parties to make submissions on sanctions.www.bcsc.bc.ca
02-09-2015Hussain DhalaFor investors fraud and lying to a commission investigator. Lifetime ban from the province’s capital markets.www.bcsc.bc.ca
06-08-2015Keith Henry AlexanderEngaged in unregistered trading and an illegal distribution of securities. Settlement, agreed to pay to the BCSC $7,500 and $20,000. Prohibited from trading in securities and banned from investor relation activities for 3 years.www.bcsc.bc.ca
13-07-2015Mark Aaron McLeary, Robert Hainey, and Jerry Williams.Market manipulation of shares in a company quoted on the U.S. Over-the-Counter Bulletin Board (OTCBB).McLeary pay to the BCSC the $91,308.56, as well as an administrative penalty of $800,000. Both Hainey and Williams were each ordered to pay administrative penalties of $700,000. Also, permanently banned each of them from B.C.’s capital markets. www.bcsc.bc.ca
06-07-2015Yan Zhu, Guan Qiang Zhang, Bossteam E-Commerce.Committed numerous securities-related infractions, including fraud, illegally distributing securities, and withholding information from BCSC investigators and instructing their employees and investors to do the same.Disgorge to the Commission the $14 million obtained as a result of their misconduct and permanently cease-traded Bossteam E-Commerce.www.bcsc.bc.ca
24-06-2015Blog Writer Noshad Dowlati Fraud and trading and advising without registration.Permanently prohibited from becoming or acting as a director or officer of any issuer or registrant, trading or purchasing securities or exchange contracts, acting as a registrant or promoter, engaging in investor relations activities, and acting in a management or consultative capacity in connection with the securities market. (Life time Ban) $14,050 obtained as a result of his misconduct, as well as an administrative penalty of $30,000.Read OSB Post
16-06-2015Peter R. Kellogg and IAT Reinsurance Company LtdFailed to file required insider reports with the BCSC disclosing their beneficial ownership or control of, and transactions in, the shares of MFC Industrial Ltd.Kellogg and IAT jointly undertake to pay $25,000.www.bcsc.bc.ca
12-06-2015Brent Glen JardineBreached a settlement order prohibiting him from being a director or officer of any issuer for two years.These allegations have not been proven. Counsel for the Executive Director will apply to set dates for a hearing into the allegations before a panel of commissioners on August 25, 2015.www.bcsc.bc.ca
11-05-2015Robert Laudy WilliamsAdmitted that he engaged in an illegal distribution of securities. Agreed to pay to the BCSC $8,775 in respect of settlement of this matter. Also prohibited from trading in securities (with limited exceptions), and from becoming or acting as a director, officer, promoter, or registrant for a period of two years. Also banned, for the same period, from acting in a management or consultative capacity in connection with the securities market, and from engaging in investor relations activities.www.bcsc.bc.ca
08-05-2015Douglas William, former broker.Lying to regulators and acting contrary to the public interest.Administrative penalty of $30,000 and prohibited, for a period of one year, from becoming or acting as a registrant, and from acting in a management or consultative capacity in connection with the securities market. www.bcsc.bc.ca
07-05-2015Hong Liang ZhongCommitted fraud, engaged in unregistered trading, and offered clients false guarantees to reimburse them for any losses. The panel directed the parties to make submissions on sanctions according to the schedule set out in the findings.www.bcsc.bc.ca
30-04-2015Robert Scott Morrice and Donald Gordon Byrne.Both men admitted to acting contrary to the public interest when they worked together to avoid B.C. securities laws.Morrice has agreed to resign from any position he holds as a director or officer of any issuer (with limited exceptions). He is prohibited, for 12 years, from becoming or acting as an officer or a director of any issuer (with limited exceptions), becoming or acting as a registrant or promoter, acting in a management or consultative capacity in connection with the securities market, and engaging in investor relations activities. Byrne is prohibited, for a period of four years, from becoming or acting as an officer or a director of any issuer (with limited exceptions), becoming or acting as a registrant or promoter, acting in a management or consultative capacity in connection with the securities market, and engaging in investor relations activities.www.bcsc.bc.ca
28-04-2015Daniel Quo Ming SamAdmitted that he engaged in an illegal distribution of securities.Agreed to pay to the BCSC $29,469 in respect of settlement of this matter. He is also prohibited from trading in securities (with limited exceptions), and from becoming or acting as a promoter or registrant for a period of five years. Sam is also banned, for the same period, from acting in a management or consultative capacity in connection with the securities market, and from engaging in investor relations activities.www.bcsc.bc.ca
01-04-2015Sharon DowningIllegal distribution of securities.Downing has agreed to pay to the BCSC the US $3,231 she earned in commissions. She is also prohibited from trading in securities (with limited exceptions), and from becoming or acting as a promoter or registrant for a period of three years. Downing is also banned, for the same period, from acting in a management or consultative capacity in connection with the securities market, and from engaging in investor relations activities.www.bcsc.bc.ca
27-03-2015Michael Patrick Lathigee and Earle Douglas Pasquill, jointly directed and controlled a group of companies called the Freedom Investment Club (FIC Group)Fraudulently raised a total of $21.7 million through the sale of securities to 698 investors without telling the investors important facts about the financial condition of corporate respondents FIC Group and FIC Foreclosure. Lathigee was ordered to pay a $15 million administrative penalty to the commission, and to resign any position he holds as an officer of a director of an issuer or registrant. The panel ordered that Lathigee be permanently banned from trading in securities, purchasing securities or exchange contracts, and from becoming or acting as a director or officer of any issuer or registrant. He is also permanently prohibited from becoming or acting as a registrant or promoter, from engaging in investor relations activities, and from acting in a management or consultative capacity in connection with the securities market. Pasquill was ordered to pay a $15 million administrative penalty to the commission, and to resign any position he holds as an officer of a director of an issuer or registrant. The panel ordered that Pasquill be permanently banned from trading in securities, purchasing securities or exchange contracts, and from becoming or acting as a director or officer of any issuer or registrant. He is also permanently prohibited from becoming or acting as a registrant or promoter, from engaging in investor relations activities, and from acting in a management or consultative capacity in connection with the securities market.www.bcsc.bc.ca
18-03-2015Thalbinder Singh Poonian, Shailu Sharon Poonian, Robert Joseph Leyk, Manjit Singh Sihota and Perminder SihotaFound to have perpetrated a market manipulation that led to a misleading appearance of trading activity in, or an artificial price for, shares in a company listed on the TSX Venture Exchange (TSX-V).Jointly and severally liable to pay to the commission $7,332,936 obtained as a result of their misconduct. Thalbinder Poonian pay to the commission an administrative penalty of $10 million; Sharon Poonian pay to the commission an administrative penalty of $3.5 million; Robert Leyk pay to the commission an administrative penalty of $3.5 million; Manjit Sihota pay to the commission an administrative penalty of $3.5 million; and Perminder Sihota pay to the commission an administrative penalty of $1 million.www.bcsc.bc.ca
17-03-2015Larry Keith Davis Defrauded an investor. Has never been registered to sell securities.These allegations have not been proven. Counsel for the Executive Director will apply to set dates for a hearing into the allegations before a panel of commissioners on march 31, 2015www.bcsc.bc.ca
16-03-2015Gary B. Thompson and Lowprofile Ventures Ltd.Admitted that they illegally distributed securities.Undertakes to pay $5,000 to the BCSC, and he has agreed to a three year ban from acting as an officer or a director of any issuer except Lowprofile. He has also agreed to successfully complete courses on the duties and responsibilities of corporate officers and directors.www.bcsc.bc.ca
10-03-2015Roberta Merlin McIntosh (a.k.a. Berta McIntosh, Roberta Sims, Roberta Butcher, Roberta Mayer)Illegally advising an investor to purchase exempt market securities. $30,000www.bcsc.bc.ca
25-02-2015Michael Jerome Knight, Jeffrey Karl Wiegel, 0772835 B.C. Ltd. (835 Ltd.), Local 1661 Building Inc. (Local Inc.), and Almaval Building Inc. (Almaval)Sold securities without a prospectus and without being registered.www.bcsc.bc.ca
20-02-2015Protokinetix Inc. and Ross L. SeniorSettlement agreement for breaching a cease trade order. $10,000www.bcsc.bc.ca
12-02-2015Rodney Jack Wharram and three companies for which he is a director and president.Committed fraud.The panel directed the parties to make submissions on sanctions according to the schedule set out in the findings. www.bcsc.bc.ca
21-01-2015Rashida Samji, a former notary public.Perpetrated a $100 million fraud on at least 200 investors. $33 million and be permanently banned from participating in B.C.’s capital markets.www.bcsc.bc.ca
07-01-2015Mark Aaron McLeary, Robert Hainey, and Jerry Williams.Market manipulation.The panel directed McLeary, Hainey and Williams to make submissions on sanctions according to the schedule set out in the findings.www.bcsc.bc.ca
05-01-2015Colin Robert Hugh McCabe and Erwin Thomas SpeckertFacilitating the secret promotion of securities.McCabe was ordered to pay to the commission the $2,776,993 obtained as a result of his misconduct, as well as an administrative penalty of $1.5 million. The panel also ordered that McCabe resign any position he holds as an officer of a director of an issuer or registrant. He is permanently banned from trading in securities, purchasing securities or exchange contracts, and from becoming or acting as a director or officer of any issuer or registrant (with limited exceptions). He is also permanently prohibited from becoming or acting as a registrant or promoter, from engaging in investor relations activities, and from acting in a management or consultative capacity in connection with the securities market. The panel ordered that Speckert resign any position he holds as an officer of a director of an issuer or registrant. He is banned from trading in securities, purchasing securities or exchange contracts (with limited exceptions), and from becoming or acting as a director or officer of any issuer or registrant for five years. He is also prohibited, for the same period, from becoming or acting as a registrant or promoter, from engaging in investor relations activities, and from acting in a management or consultative capacity in connection with the securities market. www.bcsc.bc.ca
Cyprus

CySec

Click below to read the Sanctions imposed by CySEC from 1 Jan 2015:

pdfCySec’s Sanction Analysis 2017

pdfCySec’s Sanction Analysis 2016

pdfCySec’s Sanction Analysis 2015

DateCompany/Person NameViolationFineRead more
27-12-2016Colmex Pro LtdFor non compliance with various sections of the Law.€ 100.000Read OSB Post
20-12-2016Best Choice FBC LtdPursuant to sections 25(1)(b), 25(1)(c) and 26(4)(b) of the Law of 2007.Continuance of Suspension of CIF license and possible withdrawal of the license.Read OSB Post
20-12-2016Blaustein Corporate Services LtdThere are suspicions of an alleged violation of various sections of the Law.Suspended of the ASP authorisation.Read OSB Post
13-12-2016UBFS Invest powered by Moneychoice Brokers LtdDue to the Company’s non-compliance with various sections of the Law and Article of the European Regulation.Wholly withdraw the Cyprus Investment Firm authorization.Read OSB Post
24-11-2016PFX Financial Professionals LtdThere are suspicions of an alleged violation of various sections of the Law.Suspension of CIF licence.Read OSB Post
31-10-2016Falcon Brokers LtdCompany’s CIF authorisation has been withdrawn, not settled its obligations, CySec has not been able to communicate with the Company.Initiation of the compensation payment process.Read OSB Post
25-10-2016XFR Financial LtdFor non-compliance with the Financial Markets Law of 2007, Directive 1 and Directive 2.€ 225.000Read OSB Post
17-10-2016Bank of Cyprus Public Company LtdViolations Transparency Requirements Law of 2007 and Insider Dealing and Market Manipulation (Market Abuse) Law of 2005.€ 25.000Read OSB Post
17-10-2016Andreas ArtemiViolations Transparency Requirements Law of 2007.€ 70.000Read OSB Post
17-10-2016Yiannis KypriViolations Transparency Requirements Law of 2007.€ 70.000Read OSB Post
17-10-2016Yiannis PechlivanidesViolations Transparency Requirements Law of 2007.€ 70.000Read OSB Post
17-10-2016Stavros ConstantinidesViolations Transparency Requirements Law of 2007.€ 50.000Read OSB Post
17-10-2016Costas SeverisViolations Transparency Requirements Law of 2007.€ 30.000Read OSB Post
17-10-2016Georgios GeorgiadesViolations Transparency Requirements Law of 2007.€ 30.000Read OSB Post
17-10-2016Irini CaramanouViolations Transparency Requirements Law of 2007.€ 30.000Read OSB Post
17-10-2016Christis Hadjimitsis Violations Transparency Requirements Law of 2007.€ 70.000Read OSB Post
04-10-2016Danny Rothman (or Daniel Rubinstein)Submitted to CySEC documents which are false or/and provide misleading information.€ 100.000Read OSB Post
03-10-2016Teos Corporate Services LtdFor violating section 9 of the Law Regulating Companies Providing Administrative Services and Related Matters.€ 5.000Read OSB Post
30-09-2016IQ Option Europe LtdFor non-compliance with the Financial Markets Law of 2007, Directive 1 and Directive 2.€ 180.000Read OSB Post
30-09-2016OptionRally Financial Services LtdFor non-compliance with the Financial Markets Law of 2007, Directive 1 and Directive 2.€ 138.000Read OSB Post
29-09-2016AirFinance Pro LtdFollowing previous decision.Continuance of Suspension of CIF license.Read OSB Post
29-09-2016Best Choice FBC LtdPursuant to section 26(4)(b) of the Investment Services and Activities and Regulated Markets Law.Continuance of Suspension of CIF license.Read OSB Post
21-09-2016UBFS Invest powered by Moneychoice Brokers Ltd Pursuant to section 26(4)(b) of the Investment Services and Activities and Regulated Markets Law.Continuance of Suspension of CIF license and possible withdrawal of the license.Read OSB Post
21-09-2016Cyprus Popular Bank Public Co Ltd, Efthimios Mpouloutas and Christos Stylianides.For various violations from the company. Their responsibility and negligence to the company’s law violations.€60000 and €10000 to Efthimios Mpouloutas and €50000 to Christos Stylianides. The company was not fined.Read OSB Post
09-09-2016Atlas Capital Financial Services LtdPursuant to section 26(4)(b) of the Investment Services and Activities and Regulated Markets Law.Continuance of Suspension of CIF license and possible withdrawal of the license.Read OSB Post
29-08-2016Mutual Trust LimitedCySec has been satisfied that the Company is in compliance with article 7(2) of the Law.Lift of suspension of ASP license.Read OSB Post
19-08-2016HF Markets (Europe) LtdFor non-compliance with the legislation L.144(?)/2007 and the Directives DI 144-2007-01 of 2012 and DI 144-2007-02 of 2012.€ 105.000Read OSB Post
16-08-2016MANRICH FUND LIMITED, BIGAN WEALTH FUND LTD, GAINMORE FUND LTD and EBIT FUND LTDDo not fulfill the conditions of the AIF Law.The ICIS shall be dissolved.www.cysec.gov.cy/
10-08-2016M&L Invest Union Markets LtdFor violating article of EU Regulation and Paragraph of CySec's Directive.€ 2.000Read OSB Post
09-08-2016Best Choice FBC LtdFor noncompliance with Directive and sections of the Law of 2007.Suspension of CIF licence.Read OSB Post
09-08-2016UBFS Invest powered by Moneychoice Brokers Ltd Pursuant to section 26(4)(b) of the Investment Services and Activities and Regulated Markets Law.Continuance of Suspension of CIF license.Read OSB Post
09-08-2016Mutual Trust LimitedPursuant to section 15(3)(b) of the Law regulating Companies providing Administrative Services and Related Matters of 2012.Continuance of suspension of ASP license.Read OSB Post
01-08-2016Mutual Trust LimitedSuspicions of an alleged violation of section of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012.Suspension of ASP licence.Read OSB Post
29-07-2016AirFinance Pro LtdPursuant to section 26(3) of the Investment Services and Activities and Regulated Markets Law.Continuance of Suspension of CIF license.Read OSB Post
08-07-2016B.O. Tradefinancials LtdFor non-compliance with the legislation L.144(?)/2007 and the Directives DI 144-2007-01 of 2012 and DI 144-2007-02 of 2012.€ 138.000Read OSB Post
28-06-2016UBFS Invest powered by Moneychoice Brokers LtdSuspicions for an alleged violation of artciles of the Law 0f 2007.Continuance of Suspension of CIF license.Read OSB Post
17-06-2016AirFinance Pro LtdFor noncompliance with sections of the Law of 2007 and CySec's Circular.Suspension of CIF licence.Read OSB Post
16-06-2016Opus Trust Management Ltd Had not satisfied all the conditions for the granting of the authorization.Recall and Rejection of an Application for an ASP authorisation.Read OSB Post
27-05-2016Trademarker (Cyprus) LtdFor noncompliance with sections 28(1), 12(1), 13(2) and 18(c) of the Law of 2007.Wholly withdraw the Cyprus Investment Firm authorization.Read OSB Post
27-05-2016UBFS Invest powered by Moneychoice Brokers LtdPursuant to section 26(2) of the Law of 2007, as there are suspicions for an alleged violation of section 28(1), 67(1) of the Law of 2007 and of the Article 92(1) of the European Regulation.Suspension of CIF licenseRead OSB Post
25-05-2016Atlas Capital Financial Services LtdPursuant to section 26(3) of the Investment Services and Activities and Regulated Markets Law.Continuance of Suspension of CIF license.Read OSB Post
12-05-2016Atlas Capital Financial Services LtdPursuant to section 26(4)(b) of the Investment Services and Activities and Regulated Markets Law of 2007.Continuance of Suspension of CIF license.Read OSB Post
18-04-2016Falcon Brokers LtdFor noncompliance with sections of the Law of 2007.Wholly withdraw the Cyprus Investment Firm authorization.Read OSB Post
07-04-2016Pegase Capital LtdFollowing a previous decision for license suspension.Continuance of Suspension of CIF license.Read OSB Post
07-04-2016Atlas Capital Financial Services LtdThere are suspicions of an alleged violation of section 28(1) of the Law.Suspension of CIF licence.Read OSB Post
31-03-2016Mayzus Investment Company LtdFor noncompliance with Directive and section of the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007.€ 12.000Read OSB Post
30-03-2016Ouroboros Derivatives Trading LtdFor noncompliance with Directives and sections of the Law of 2007. € 235.000Read OSB Post
16-03-2016BDSwiss Holding LtdFor noncompliance with sections of the Law of 2007.€ 5.000Read OSB Post
16-03-2016SpotOption Exchange LtdFor noncompliance with sections of the Law of 2007.€ 10.000Read OSB Post
11-03-2016CommexFX LtdViolation of the section 139(2) of the Law of 2007, as it submitted false documents or/and provide false information.€ 50.000Read OSB Post
09-03-2016Trademarker (Cyprus) LtdPursuant to section 26(2) of the Investment Services and Activities and Regulated Markets Law (‘the Law’).Continuance of Suspension of CIF licence.Read OSB Post
07-03-2016Grow Wealth Assets LtdFor violating article of EU Regulation and Paragraph of CySec's Directive.€ 5.000Read OSB Post
04-03-2016Pegase Capital LtdAs there are suspicions of an alleged violation of Sections of the Law.Suspension of CIF licence.Read OSB Post
23-02-2016CommexFX Ltd“Dealing on own account” without an authorisation to provide the said service. € 100.000Read OSB Post
15-02-2016Trademarker (Cyprus) LtdDue to the Company’s possible non compliance at all times with the condition if its authorization.Suspension of CIF licenceRead OSB Post
27-01-2016Banc De Binary LtdSettlement€ 350.000Read OSB Post
27-01-2016Rodeler LtdNon compliance with the Law of 2007, L.188(?)/2007, and Directives.€ 156.000Read OSB Post
04-12-2015Falcon Brokers LtdPursuant to section 26(4)(b) of the Investment Services and Activities and Regulated Markets Law.Continuance of Suspension of CIF licenceRead OSB Post
27-11-2015IronFX Global LtdSettlement€ 335.000Read OSB Post
27-11-2015Reliantco Investments LtdViolations regarding compliance with the Law 144(I)-2007, Law 188(I)/2007 and other Directirves.€ 123.000Read OSB Post
27-11-2015WGM Services LtdViolations regarding compliance with the Law 144(I)-2007, Law 188(I)/2007 and other Directirves.€ 340.000Read OSB Post
27-11-2015Pegase Capital LtdViolations regarding compliance with the Law 144(I)-2007, Law 188(I)/2007 and other Directirves.€ 300.000Read OSB Post
27-11-2015Depaho LtdViolations regarding compliance with the Law 144(I)-2007, Law 188(I)/2007 and other Directirves.€ 233.000Read OSB Post
25-11-2015Pulp International Business LtdSubject to paragraphs 3(1)(a) and 23 of Directive DI144-2007-15 of 2015.Announcement for Initiation of the compensation payment process by I.C.F.Read OSB Post
24-11-2015Said Salem, Shaher Hasanain, Marios Economou and Savvas SavvaDo not comply with paragraph 9(1) of Directive DI144-2007-01 of 2012.€150.000 and reprimand.Read OSB Post
02-11-2015Falcon Brokers LtdPursuant to section 26(4)(b) of the Investment Services and Activities and Regulated Markets Law.Continuance of Suspension of CIF licenceRead OSB Post
20-10-20151 T.C.R. CORP. LTDThe Commission has been satisfied that the Company has complied with the provisions of the Law.Withdrawal of suspension of CIF licence.Read OSB Post
16-10-2015CLR Overseas Ltd Violation of section 4(1) of the Investment Services and Activities and Regulated Markets Law of 2007.€ 10.000Read OSB Post
24-09-2015Fellaco Services LtdViolating section 5(1) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012, as in force.€ 10.000Read OSB Post
24-09-2015Falcon Brokers LtdViolating Sections of Law and possible non Compliance with section of Law regarding Operational requirements – Clients’ funds.Suspension of CIF licence.Read OSB Post
06-08-2015CommexFX LtdTo examine whether is justified to withdraw, or not, the CIF authorisation due to alleged violations and serious infringements of the Law.Suspension afresh of CIF licence.Read OSB Post
06-08-2015Iliad Investments Ltd (ex PP&F Capital Ltd)Pursuant to section 12(a) of the Alternative Investment Fund Managers Law of 2013, as the AIFM has expressly renounced the authorisation.Withdrawal of Alternative Investment Fund Manager authorisation.Read OSB Post
03-08-2015Banc De Binary LtdFor violating articles of The Prevention and Suppression of Money Laundering and Terrorist Financing Law and paragraphs of the Directive DI144-2007-08 of 2012 for the Prevention of Money Laundering and Terrorist Financing.€ 22.000Read OSB Post
29-07-2015Asset Management Advisory Services (AMASS) Ltd CySec has been satisfied that the Company complied with section 6(9) of the Law.Withdrawal of suspension of CIF licence.Read OSB Post
16-07-20151 T.C.R CORP. LTDPossible non compliance with the condition if its authorization provided for in section 12 of the Law (persons who effectively direct the business of a CIF).Suspension of CIF licence.Read OSB Post
10-07-2015P.M. Investment Capital LimitedIn relation of non notification of a material change ( website addresses), non compliance regarding initial capital, organizational structure, head office location, organizational requirements, for non notification of the intention to provide investment services freely within the territory of another Member State or/and a third country, for withholding material information (non disclosure of Company’s activation), and for the non submission of capital adequacy forms.Withdrawal of CIF license.Read OSB Post
10-07-2015Asset Management Advisory Services (AMASS) Ltd Possibly conducting other business, beyond the services and/or activities stated in the Company’s authorisation, without receiving CySec’s permission.Suspension of CIF licence.Read OSB Post
08-07-2015Fidelisco Capital Markets LtdViolations regarding the sections of the Law L144(I)/2007 for Establishment of a CIF branch in the Republic and for the provision of false, or misleading information or details or documents or forms, or the withholding of material information from any application or notification submitted to the Commission. € 15.000Read OSB Post
06-07-2015CommexFX LtdViolations regarding Continuous CIF obligations in respect of Persons who effectively direct the business of a CIF, Organisational requirements, requirement to establish, implement and maintain an internal operation manual, Safeguarding of clients financial instruments and funds, Changes in the persons who effectively direct the business of CIF and regarding the provision of false, or misleading information or details or documents or forms, or the withholding of material information from any application or notification submitted to the Commission.€ 100.000Read OSB Post
06-07-2015Mr Abdel Rahman El Amary (Director of CIF CommexFX Ltd).Reagrding Section 139(2) of the Law refers to the provision of false, or misleading information or details or documents or forms, or the withholding of material information from any application or notification submitted to the Commission.€ 30.000Read OSB Post
02-07-2015Safecap Investments LtdViolating the Investment Services and Activities and Regulated Markets Law of 2007, the Directive DI144-2007-01 of 2012 for the Authorisation and Operating Conditions of CIFs, the Directive DI144-2007-02 of 2012 for the Professional Competence of Investment Firms and of the Natural Persons Employed by Them and other laws.€ 168.000Read OSB Post
02-07-2015CommexFX LtdSuspension of CIF authorisation.Continuance of Suspension of CIF licenceRead OSB Post
30-06-2015Argus FundsNon-submission by the Management Company, within three (3) months from the grant of its operational licence, of a certification by the Depositary regarding the deposit of the Common Fund’s initial assets.Revocation of UCITS licence.Read OSB Post
12-06-2015CommexFX LtdSuspicions of alleged violations of: Section 28(1) of the Law, ‘Continuous CIF obligations’, due to the Company’s possible non compliance with the condition if its authorization provided for in section 18(2), paragraphs (i) and (j), of the Law, ‘Operational requirements – Clients’ funds’, as specialized in Part VI of the Directive DI144-2007-01 of 2012, ‘Safeguarding of clients’ funds’.Suspension of CIF licenceRead OSB Post
21-05-2015Trademarker (Cyprus) LtdArticles of the Law for: CIF must at all times comply with the conditions under which authorisation was granted as provided on Article 13 of the Law regarding CIF Shareholders and Article 18 (2) (d) regarding organisational requirements.€ 20.000Read OSB Post
20-05-2015Reliantco Investments LtdFor violation of Article 36 (1) (c) and Paragraphs 14 and 16 of the Directive DI144-2007-02 of 2012, for violation of Article 36 (1) (d) And Paragraphs 15 & 16 of the Directive DI144-2007-02 of 2012, for violation of Article 40 (2). € 8.000Read OSB Post
15-05-2015Banc de Binary Ltd For violation of Article 6 (9) A CIF is prohibited from conducting any other business, beyond the services or/and activities stated in its authorisation and Article 28 (1) A CIF must at all times comply with the conditions under which authorisation was granted as laid down in Part III of the Law. The company has not notified CySec its close relation with another company.€ 20.000Read OSB Post
06-04-2015Pulp International Business LtdNon complaince with sections of the Law in relation to clients’ funds and the Law regarding The Prevention and Suppression of Money Laundering Activities Law, in relation to the procedures followed for the prevention of money laundering.Withdrawal of CIF licence Read OSB Post
26-03-2015WGM Services LtdProvided investment services through the websites www.ezinvest.com and www.eztrader.com, while the Company’s CIF authorisation was wholly suspended by the CySEC.€ 10.000Read OSB Post
10-03-2015TTCM Traders Trust Capital Markets LtdThe company provided a misleading statement to CySec regarding the increase of its own funds to comply with the articles 10 and 67(2) of the Cyprus Investment Services Law 144(I)-2007.€ 5.000Read OSB Post
18-02-2015Pulp International Business LtdSection 18(2)(j) of the Law, ‘Operational requirements – Clients’ funds’, and Part VI of the Directive DI144-2007-01 of 2012, ‘Safeguarding of clients’ funds’ and Section 18(2)(h) of the Law and section 58(a) of the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007, as in force.Suspension of CIF licenseRead OSB Post
18-02-2015UFS Capital LtdNon compliance with paragraphs 39(2) and 39(5), Chapter C of the Directive DI144-2007-05 of 2012, Submission of information), and paragraphs 18(1)(a) ??? 18(3) of the Directive DI144-2007-06 of 2012 (Frequency of disclosure and date of reporting of large exposures).Withdrawal of CIF licenseRead OSB Post
04-02-2015Banc de BinaryArticles of the Law for: Continuous CIF obligations, Establishment of a CIF branch in another member state or and a third country, Freedom to provide investment and ancillary services or and perform investment activities by a CIF in another member state or and a third country, General obligations.€ 125.000Read OSB Post
Germany

BaFin

DateCompany/Person NameViolationFineRead more
07-12-2016Snowbird AGOffended against the financial reporting requirements.Ordered to comply with the financial reporting requirements and threatened coercive fines. www.bafin.de/
24-11-2016Abwicklungsgesellschaft Rösch AG MedizintechnikOffended against the financial reporting requirements.Ordered to comply with the financial reporting requirements and threatened coercive fines. www.bafin.de/
09-11-2016Travel24.com AGOffended against the financial reporting requirements.Ordered to comply with the financial reporting requirements and threatened coercive fines. www.bafin.de/
20-10-2016KREMLIN AGOffended against the financial reporting requirements.EUR 140,000www.bafin.de/
19-10-2016Maier + Partner AktiengesellschaftDue to infringements against the financial reporting requirements.Ordered to comply with the financial reporting requirements and threatened coercive fines. www.bafin.de/
19-10-2016Fenghua SoleTech AGDue to infringements against the financial reporting requirements.Ordered to comply with the financial reporting requirements and threatened coercive fines. www.bafin.de/
22-09-2016Deutsche Cannabis AGDue to infringements against the financial reporting requirements.EUR 140,000www.bafin.de/
11-07-2016Deutsche Cannabis AGDue to infringements against the financial reporting requirements.Ordered to comply with the financial reporting requirements and threatened coercive fines. www.bafin.de/
17-06-2016KREMLIN AGDue to infringements against the financial reporting requirements.Ordered to comply with the financial reporting requirements and threatened coercive fines. www.bafin.de/
19-05-2016Cashcloud AGIndications for contain false or misleading information.Warns of buy recommendations for shares.www.bafin.de/
27-04-2016Nanopac Innovation LtdIndications for contain false or misleading information.Warns of buy recommendations for shares.www.bafin.de/
26-10-2015BalticPay CorporationProvided unauthorised payment services in Germany.Prohibits from providing unauthorised money-remittance business in Germany.www.bafin.de/
09-09-2015Vietnam Joint Commercial Bank for Industry and Trade (VietinBank).Did not comply with the large exposure limit.EUR 7,500www.bafin.de/
18-05-2015Shinhan Bank Europe GmbHDid not comply with the large exposure limit and failed to give BaFin notice that the limit had been exceeded, or did not do so correctly, in full or without delay.EUR 10,000www.bafin.de/
18-05-2015J.P. Morgan AGFailed to comply with an immediately enforceable order from BaFin regarding its risk management, in that it did not quickly enough rectify the deficiencies as ordered.EUR 30,000www.bafin.de/
20-04-2015Peter Beck Performance Fonds GbRNeither Peter Beck Performance Fonds GbR nor its asset manager, Concept Capital Management AG, domiciled in St. Vincent, obtained an authorisation or registration under the German Investment Code (Kapitalanlagegesetzbuch – KAGB).Orders to wind up its unauthorised investment business and appoints a liquidatorwww.bafin.de/
15-04-2015Forum 6 GbRIs conducting deposit business without the required authorisation from BaFin.Orders to wind up its unauthorised deposit businesswww.bafin.de/
20-03-2015BlackRock Investment Management (UK) LtdLimit had been exceeded.EUR 3.25m www.bafin.de/
09-02-2015Mr. Frank ErtingerConducting deposit business without the required authorisation from BaFin.Orders to wind-up his deposit businesswww.bafin.de/
02-02-2015Dagensia Finance s.r.o., domiciled in the Czech RepublicProvided unauthorised payment services in Germany by accepting funds on its own accounts in Germany in order to process payment services transactions and by targeting the German market with its offer to provide payment services. The authorisation granted by the CNB did not extend to the provision of cross-border services.Prohibits from providing unauthorised money-remittance business in Germanywww.bafin.de/
13-01-2015Life Performance GmbHIs conducting deposit business without the required authorisation from BaFin. Life Performance GmbH's request to order suspensory effect of the objection to BaFin's order was rejected by the Administrative Court (Verwaltungsgericht) in Frankfurt am Main in a decision of 21 July 2014.Orders to wind up its unauthorised deposit business. Required to repay investors the funds accepted without undue delay and in full.www.bafin.de/
Malta

MFSA

DateCompany/Person NameViolationFineRead more
22-09-2016Falcon Funds SICAV plc In the context of the specific circumstances that have arisen.Directed to redeem the units of the sub-funds held by the Swedish Pension Agency.www.mfsa.com.mt
09-09-2016Falcon Funds SICAV plc In the context of the specific circumstances that have arisen.To lift the temporary suspension of redemptions and subscriptions.www.mfsa.com.mt
27-06-2016STM Malta Trust and Company Management LimitedBreached various regulation articles non-compliance with Licensing Condition.€ 27,500www.mfsa.com.mt
27-04-2016Nemea Bank p.l.c.To ensure the proper protection of depositors and other clients.Appointed PwC as a competent person.www.mfsa.com.mt
13-04-2016STM Malta Trust and Company Management LimitedBreach of article 21(1) of the Trusts and Trustees Act (Cap.331) and paragraph 6.0 of the Code of Conduct for Trustees. € 50,000www.mfsa.com.mt
29-03-2016FIMBank p.l.c.Requirements of article 17(B)(1) and 17(B)(2) of the Banking Act (Cap. 371) were not met.Decided to apply a number of restrictions.www.mfsa.com.mt
08-03-2016FX-CAM Consulting and Advertisement LtdFound in breach of a number of requirements.Cancel the Category 2 Investment Services Licence.www.mfsa.com.mt
08-03-2016D.B.R. Investments LimitedInvestigations for been involved in unauthorised activities.The Company is winding down.www.mfsa.com.mt
08-01-2016RFID Invest II SICAV plc.Found to be in breach of Standard Licence Conditions.Suspended its Licence.www.mfsa.com.mt
16-12-2015JFP Investments (SICAV) plcFound to be in breach with Standard Licence Conditions.Suspended its its Collective Investment Scheme Licence. www.mfsa.com.mt
02-11-2015Cosmic Financial Services (Malta) LimitedSeries of regulatory breaches. Cancelled the Category 1A investment services licence.Read OSB Post
08-10-2015Kentish Alan RoyIn terms of articles of Trusts and Trustees Act, Special Funds Act and Insurance Intermediaries Act.Not to hold any directorship, senior managerial and, or executive roles within two specific companies.www.mfsa.com.mt
01-09-2015SMART INSURANCE BROKERS LIMITEDIn terms of its powers under article 16(b) of the Insurance Intermediaries Act (Cap. 487).Suspended its the name from the Brokers List on regulatory grounds.www.mfsa.com.mt
15-07-2015International Insurance Brokers LimitedBreaching the provisions of articles 24 and 25 respectively of the Insurance Intermediaries Act (Cap 487).Administrative penalty of €1,000 plus a daily penalty of €50 and an administrative penalty of €500 plus a daily penalty of €25.www.mfsa.com.mt
New Zeland

FMA

DateCompany/Person NameViolationFineRead more
15-07-2016Archer Capital (Pty) Limited and Healthcare Industry Limited.Is no longer satisfied that it is in the public interest to progress the matter to trial.Proceedings dicontinued.www.fma.govt.nz
22-06-2016Mark Andrew TurnockFor making false statements in the company’s financial statements.Four months home detention and 200 hours of community work.www.fma.govt.nz
20-05-2016Cambrian Corporation LimitedMisleading or deceptive marketing materials.Issued an Order to change its marketing materials including its website, among others.Read OSB Post
27-10-2015Andrew Hrothgar RobinsonPleaded guilty to charges laid under the Financial Reporting Act.12 months’ imprisonment.www.fma.govt.nz
25-09-2015David Mark AndersonRegistered prospectus and an advertisement, FMA alleges included untrue statements300 hours community work and ordered to pay AUD $100,000.www.fma.govt.nz
23-09-2015Craig Robert WhiteRegistered prospectus and an advertisement, FMA alleges included untrue statements250 hours community work and ordered to pay AUD $100,000.www.fma.govt.nz
18-09-2015Mark Lawrence Lacy and Jason Robert Duncan Maywald.Registered prospectus and an advertisement, FMA alleges included untrue statements.200 hours community work each and to pay AUD $100,000 in reparation to be paid to the company’s receivers.www.fma.govt.nz
14-08-2015PTT Limited, Steven Robertson and associated entities.Part of an ongoing investigation into PTT Limited.Obtained from High Court interim asset preservation orders. www.fma.govt.nz
31-07-2015Mark WarmingerMarket manipulation in breach of s11B of the Securities Markets Act.Issued civil proceedings in the High Court seeking pecuniary penalties.Read OSB Post
27-07-2015Green Gardens Finance Trust LtdIs offering investments illegally.Issued a Stop Order.Read OSB Post
13-07-2015David John Hobbs and Jacqueline Hobbs.Found liable for serious financial misconduct by the New South Wales Supreme Court for the operation of 14 unregistered, offshore-managed investment funds administered in Australia. The penalties imposed by the court included banning orders against Mr and Mrs Hobbs.www.fma.govt.nz
06-07-2015Former directors of Hanover finance companies, and the former directors of a parent firm, Hanover Group Ltd. Settlement of its civil proceedings. $18 million will be distributed to eligible investors who invested in the Hanover finance companies in the period from 7 December 2007 to 23 July 2008. www.fma.govt.nz
22-06-2015ASBSettlement regarding the sale, promotion and marketing of interest rate swaps to some rural customers.Agreed to appoint an independent third-party to review its sale, promotion and marketing of two sample products being interest rate swaps and term funds. www.fma.govt.nz
18-06-2015Milford Asset Management Limited Breached the market manipulation prohibitions in s11B of the Securities Markets Act 1988 and failed to ensure that there was the requisite degree of monitoring of the trading activity.Make payments totalling $1.5m and undertakes to complete recommendations made by PwC regarding improvements to its trading systems and controls.Read OSB Post
08-06-2015Dominion Finance Group (DFG) and North South Finance (NSF).Civil claims against the directors of DFG and NSF.Settlement agreement for $10.235m that wiil be paid to liquidators and receivers regarding civil claims against the directors of DFG and NSF.www.fma.govt.nz
28-05-2015Arena Capital Limited, trading as Blackfort FX.Application to appoint receivers and managers.Application granted.www.fma.govt.nz
25-05-2015Pacific Edge LimitedFailed to make timely disclosure of material information to the market after it entered into two overseas agreements in October 2013.Compensation payment of $500,000Read OSB Post
25-05-2015Apple Fields LimitedFailing to file financial statements.Fined $30,000 each of the two directors.www.fma.govt.nz
30-04-2015SPI Property Fund LimitedFailed to file audited financial statements to the Registrar of Companies.Fined $25,312 each of the two directors.www.fma.govt.nz
United Kingdom

FCA

DateCompany/Person NameViolationFineRead more
21-12-2016Mark LyttletonInsider dealing.12 months imprisonment.Read OSB Post
01-12-2016Alistair Burns For various failures.£233,600Read OSB Post
30-11-2016Manjeet Mohal and Reshim Birk Pleaded guilty to insider dealing.They will be sentenced on 13 January 2017.www.fca.org.uk/
08-11-2016Six individualsIn alleged investment fraud.ChargesRead OSB Post
02-11-2016Mark LyttletonInsider dealing.He will be sentenced on 21 December 2016.www.fca.org.uk/
02-11-2016Motormile Finance UK LimitedHistoric failures in its due diligence and collections process.Agreed to provide redress to more than 500,000 customers.www.fca.org.uk/
01-11-2016Scott Crawley, Daniel Forsyth, Adam Hawkins, Ross Peters, Aaron Petrou and Dale Walker.For their parts in the operation of an unauthorised collective investment scheme.Prohibited from performing any function in relation to any regulated activity.Read OSB Post
25-10-2016Richard Aston Clay and Kathryn Joy ClarkCharged with dishonesty offences. Pleaded guilty.Banned from the financial services industry.Read OSB Post
21-10-2016Tariq CarrimjeeFailed to act with due skill, care and diligence.Tribunal upholds the FCA's decision to impose a partial ban.Read OSB Post
13-10-2016Andrew Barry Hart and Wage Payment and Payday Loans Limited.He is not a fit and proper person. WPPL failed to satisfy the threshold conditions.Barry Hart was banned and WPPL’s interim permission was cancelled.Read OSB Post
12-10-2016Sonali Bank (UK) Limited and Steven Smith.Serious anti-money laundering systems failings.Sonali Bank fined £3,250,600 and a restriction to accept deposits from new customers for 168 days. Steven Smith fined £17,900 and prohibitions.Read OSB Post
05-10-2016Aviva Pension Trustees UK Limited and Aviva Wrap UK Limited.Client Money and Assets failings.£8,246,800Read OSB Post
29-09-2016Mark Alexander LyttletonFCA instituted criminal proceedings.www.fca.org.uk/
27-09-2016Alex HopeFailed to pay confiscation order.603 days’ imprisonment.www.fca.org.uk/
19-09-2016Payday firm CFO Lending.For unfair practices.£34 million redress.Read OSB Post
01-09-2016Elizabeth Anne ParryFor lying repeatedly to the regulator.Banned and fined £109,400.Read OSB Post
09-08-2016Cenkos Securities plcFor failures in its sponsor services business.£530,500Read OSB Post
15-07-2016Gavin BreezeInsider dealing.£59,557 and publicly censured him.www.fca.org.uk/
14-07-2016Andrew Barry Hart and Wage Payment and Payday Loans Limited (WPPL).Andrew Barry Hart is not a fit and proper person and WPPL failed to satisfy the threshold conditionsCancel WPPL's interim permission and banned the individual. www.fca.org.uk/
13-07-2016Towergate and Timothy Philip.For client and insurer money failings.£2,632,000 and £60,000 respectively.Read OSB Post
07-07-2016Credito Valtellinese scFollows a decision made by another EU Competent Authority.Temporary restriction in short selling.www.fca.org.uk/
07-07-2016Telecom Italia spaFollows a decision made by another EU Competent Authority.Temporary restriction in short selling.www.fca.org.uk/
06-07-2016Banca Monte dei Paschi di Siena SpAFollows a decision made by another EU Competent Authority.Temporary restriction in short selling.www.fca.org.uk/
16-06-2016Five individuals.charge for investment fraud.A trial has been set for 4 September 2017.Read OSB Post
13-06-2016Damian ClarkeInsider dealing.Sentenced to two years imprisonment.www.fca.org.uk/
09-06-2016Mark Kelly and Patrick Gray.For lack of integrity.Banned from working in the financial services industry.www.fca.org.uk/
07-06-2016Banco Comercial Português, S.A.Followed a decision made by another EU Competent Authority.Extension of temporary restriction in short selling.www.fca.org.uk/
02-06-2016Banco Comercial Português, S.A.Followed a decision made by another EU Competent Authority.Temporary restriction in short selling.www.fca.org.uk/
01-06-2016CT Capital LtdSerious failings in its complaint handling processes.£2,360,900www.fca.org.uk/
19-05-2016Peter JohnsonFailed to act with integrity in his role as Keydata’s compliance officer and misled the FSA.Banned him from performing any function in relation to any regulated financial activity.www.fca.org.uk/
13-05-2016Mark TaylorFor insider dealing.Banned him for a period of at least two years.www.fca.org.uk/
12-05-2016Martyn Dodgson and Andrew Hind.Been convicted of conspiring to insider deal.4.5 years and 3.5 years imprisonment respectively.www.fca.org.uk/
28-04-2016David HallFraud by abuse of position. 15 months in prison, suspended for two years. Brought by South Wales Police with the cooperation and assistance of the FCA.www.fca.org.uk/
12-04-2016Paul WhiteHe is not a fit and proper person.Banned from performing any function in relation to any regulated financial activity.www.fca.org.uk/
18-03-2016Banco PopolareFollowed a decision made by another EU Competent Authority.Temporary restriction in short selling.www.fca.org.uk/
18-03-2016Capital Alternatives and several other firms and individuals.They were promoting and operating collective investment schemes without authorisation. Took them to court.www.fca.org.uk/
15-03-2016Phillip BoakesFailled to satisfy the full value of a confiscation order made against him.Sentenced to 730 days’ imprisonment.www.fca.org.uk/
15-03-2016Damian ClarkePleaded guilty to seven counts of insider dealing.He will be sentenced on 13 June 2016.Read OSB Post
02-03-2016Michael Ross CurtlerFollowing a criminal conviction for fraud in the US.Banned from the UK financial services industry.Read OSB Post
23-02-2016W H Ireland Limited (WHI)Market abuse risks.£1.2millionRead OSB Post
09-02-2016Achilles Macris Failing to be open and co-operative with the Authority.£792,900Read OSB Post
01-02-2016Five individuals and two firms.For insurance schemes failures.A total of £15.5m.www.fca.org.uk/
21-01-2016Banco PopolareFollows a decision made by another EU Competent Authority.Temporary prohibition of short selling of financial instrument.www.fca.org.uk/
19-01-2016Mota-Engil SGPS SAFollows a decision made by another EU Competent Authority.Temporary prohibition of short selling of financial instrument.www.fca.org.uk/
12-01-2016Banca Monte dei Paschi di Siena S.p.A.Follows a decision made by another EU Competent Authority.Temporary prohibition of short selling of financial instrument.www.fca.org.uk/
16-12-2015Brookbourne Trading Limited It was conducting regulated activity without the necessary authorisation from the FCA. Compulsorily wound-up by the High Court on the application of the FCA. www.fca.org.uk/
15-12-2015Threadneedle Asset Management LimitedFor various failings and for providing inaccurate information to the regulator. £6,038,504Read OSB Post
26-11-2015Barclays BankPoor handling of financial crime risks.£72 millionRead OSB Post
24-11-2015Phillip Harold Boakes Pleaded guilty on charges prosecuted by FCA.Court of Appeal has upheld a sentence of 10 years imprisonment.Read OSB Post
04-11-2015Quick Quid and Pounds to Pocket.Concerns about the firm’s lending criteria.Provide redress to almost 4,000 customers to the value of £1.7m.www.fca.org.uk/
26-10-2015Magnus Michael PetersonRange of fraud offences through his hedge fund.Banned from performing any function related to any regulated activity.www.fca.org.uk/
16-10-2015Kweku Mawuli AdoboliFraud by abuse of position.Banned from the financial services industry.Read OSB Post
22-09-2015Craig McNeilFailed to disclose information to FCA and to act with due skill, care and diligence in relation to a security transaction.£350,000 and prohibiting him from performing any significant influence function.Read OSB Post
13-08-2015Robert Shaw, former director of TailorMade Independent Ltd.Failed to ensure that TMI assessed the suitability of investments and to ensure that TMI identified and managed its conflicts of interests.£165,900 and banned from senior position in financial services.Read OSB Post
12-08-2015Da Vinci Invest Ltd, Mineworld Ltd, Mr Szabolcs Banya, Mr Gyorgy Szabolcs Brad and Mr Tamas Pornye.Market abuse in relation to 186 UK-listed shares using “layering”.FCA secures High Court Judgment awarding injunction and over £7 million in penalties. www.fca.org.uk/
30-07-2015Lee Stewart, former Rabobank trader.Following a criminal conviction for fraud in the US in relation with LIBOR Fraud.Banned Lee Stewart from the UK financial services industry.Read OSB Post
27-07-2015Ariste Holding Limited, trading as Cash Genie.Unfair practices.Agreement with the FCA to provide over £20 million of redress. Read OSB Post
19-06-2015Mr. Adam HawkinsInvolvement in operating an unauthorised collective investment scheme through three land banking companies, a) Plott UK, b) European Property Investments (UK) Ltd and c) Stirling Alexander Limited as a result of which over 110 investors lost at least £4.3 million.6 years and 9 months imprisonmentwww.fca.org.uk/
09-06-2015Kevin AllenSole shareholder of NMB while controlling New Life. Made illegitimate transfers totalling £1,000,000 from New Life to NMB without the knowledge of the other New Life directors. Fabricated false email exchange and falsified a bank statement to mislead New Life's auditors.Banned from conducting regulated activity.www.fca.org.uk/
05-06-2015Financial Instrument concerned: SAIPEM Following the action taken by CONSOBTemporary prohibition of short sellingwww.fca.org.uk/
05-06-2015Lloyds Banking GroupFailing to handle PPI complaints fairly£117mRead OSB Post
21-05-2015Mr Rosier, the director of a financial advice firm called Bayliss & Co (Financial Services) Limited.Failed to comply with his regulatory obligations£10,000. Prohibit Mr Rosier from performing significant influence functions.www.fca.org.uk/
21-05-2015Sterling Financial Security Limited (Sterling), Haydon Associates Debt Management Consultants Limited (Haydon) and Clear View Finance Limited (Clear View)Failed to comply with the requirements FCA put in place to provide written statements to customers setting out their debt position. No longer permitted by the FCA to offer debt management services to customers. www.fca.org.uk/
20-05-2015Barclays Bank Plc Failing to control business practices in its foreign exchange (FX) business in London.£284,432,000Read OSB Post
20-05-2015Paul Reynolds, while he was an approved person at Aspire Personal Finance LimitedNot fit and proper because he lacks integrity.Banned from performing any function in relation to regulated activities.www.fca.org.uk/
28-04-2015Pardip SainiInsider Dealing in Logica Plc shares.528 days imprisonment.www.fca.org.uk/
23-04-2015Deutsche Bank AGLIBOR and EURIBOR failings and for misleading the regulator.£227 million Read OSB Post
22-04-2015Merrill Lynch InternationalIncorrectly reporting 35,034,810 transactions and failing to report another 121,387 transactions between November 2007 and November 2014.£13,285,900Read OSB Post
16-04-2015Stephen Robert AllenNot a fit and proper person.Folowing Tribunal decision, FCA bans him from performing any function in relation to a regulated activity.www.fca.org.uk/
15-04-2015The Bank of New York Mellon London Branch (BNYMLB) and The Bank of New York Mellon International LimitedFailing to comply with the FCA Client Assets Sourcebook (Custody Rules, or CASS).£126 millionRead OSB Post
14-04-2015Clydesdale Bank Plc Serious failings in its Payment Protection Insurance (PPI) complaint handling processes between May 2011 and July 2013.£20,678,300www.fca.org.uk/
30-03-2015Kenneth CarverInsider dealing on Logica Plc shares.£35,212www.fca.org.uk/
27-03-2015Ryan Willmott, former group reporting and financial planning manager for Logica PLCInsider dealing on Logica Plc shares.10 months imprisonment, £6,122 towards prosecution costs and a Confiscation Order in the sum of £23,239.75.www.fca.org.uk/
19-03-2015Julian Rifat, former senior execution trader and portfolio strategist at Moore Europe Capital Management LLCInsider dealing19 months imprisonment, fined £100,000 for the same offences and ordered to pay costs of £159,402.www.fca.org.uk/
17-03-2015Paul Robson, former trader at Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank).Lacking honesty and integrity following a criminal conviction for fraud in the US. In 2014 Mr Robson pleaded guilty in the US for his role in a conspiracy to manipulate Rabobank’s Yen LIBOR submissions to benefit trading positions.Banned from the UK financial services industry.Read OSB Post
13-03-2015Stephen Bell, former compliance director of network Financial GroupFor systemic weaknesses in the design and execution of network Financial Group’s (the Group) compliance systems and controls. £33,800 and banned from performing the compliance oversight function.www.fca.org.uk/
13-03-2015Sam Kenny, former chief executive of Gracechurch Investments LimitedFor mis-selling the lack of integrity in his dealings with the Authority.Banned from holding a position in the financial services industry and fined £450,000.www.fca.org.uk/
06-03-2015Phillip BoakesDefrauding investors of at least £3.5m, using false instruments and accepting deposits without authorisation. Ran a scam through his company CurrencyTrader Ltd. 10 years imprisonmentRead OSB Post
05-03-2015Bank of Beirut (UK) Ltd, Anthony Wills, the former compliance officer at the Bank of Beirut, and Michael Allin, the internal auditor.Repeatedly provided the regulator with misleading information after it was required to address concerns regarding its financial crime systems and controls.£2.1m Fine and stopped from acquiring new customers from high-risk jurisdictions for 126 days. Anthony Wills fined £19,600 and Michael Allin £9,900.www.fca.org.uk/
03-03-2015Paul Coyle, the former Group Treasurer and Head of Tax at Wm Morrison Supermarkets plc.Insider dealing12 months imprisonment, £15,000 towards prosecution costs and a Confiscation Order in the sum of £203,234.www.fca.org.uk/
26-02-2015Ryan Willmott, formerly Group Reporting and Financial Planning Manager for Logica PLC.Insider DealingHe will be sentenced on 26 of March.www.fca.org.uk/
24-02-2015Aviva Investors Global Services Limited For systems and controls failings that meant it failed to manage conflicts of interest fairly. £17,607,000Read OSB Post
30-01-2015Alex Hope and Raj Von BadloDefrauding investors of significant sums, operating and promoting a collective investment scheme without authorisation.Alex Hope sentenced to a total of 7 years’ imprisonment. Raj Von Badlo sentenced to a total of 2 years’ imprisonment.www.fca.org.uk/
20-01-2015Reckitt Benckiser Group PlcInadequate systems and controls to monitor share-dealing by its senior executives in its own shares.£539,800Read OSB Post
30-11--0001Dunraven Finance Ltd, trading under the name Buy as You View.Historic unfair treatment.To redress £939,000 to more than 59,000 customers.www.fca.org.uk/
30-11--0001The Money ShopAffordability checks, debt collection practices and systems errors.Agreed to refund over £15.4 million to 147,000 customers.Read OSB Post
United States

CFTC

DateCompany/Person NameViolationFineRead more
28-12-2016Brett G. HartshornFraudulently soliciting and/or managing from retail clientsChargesRead OSB Post
21-12-2016Goldman SachsAttempted Manipulation of and False Reporting.$120 MillionRead OSB Post
20-12-2016Igor B. Oystacher and 3Red Trading LLC.Spoofing and Employment of a Manipulative and Deceptive Device.$2.5 MillionRead OSB Post
20-12-2016Derek Springfield and Draven LLC.Misappropriation and Issuing False Account Statements in Ponzi-Style Scheme.ChargesRead OSB Post
19-12-2016Convergent Wealth Advisors LLCFraudulent Omissions and False Statements $800,000 Read OSB Post
14-12-2016Yumin Li and Kering Capital Ltd.Prearranged Trading Fraud.More than $1.2 Million.www.cftc.gov/
07-12-2016Société Générale SA Failing to Timely Report Swap Transactions.$450,000 Read OSB Post
30-11-2016Alvin Guy Wilkinson and his entities.Misappropriation of Customer Funds and Fraudulent Solicitation in Ponzi Scheme.$21.8 Million Default Judgment.Read OSB Post
17-11-2016Navinder Singh SaraoPrice Manipulation and Spoofing.More than $38 Million.www.cftc.gov/
16-11-2016IB Capital FX LLC, Michel Geurkink and Emad EchadiTrade Forex without Being Registered with the CFTC.More than $35 Million.Read OSB Post
19-10-2016Scott Platto and The Yorkshire Group Inc.Illegal, Off-Exchange Precious Metals Transactions.More Than $1.56 Million.www.cftc.gov/
12-10-2016Kimball Parker and Timothy Baggett.Fraud and Other Violations.ChargesRead OSB Post
04-10-2016Jody Dupont and Open Range Trading LLC.FraudChargesRead OSB Post
30-09-2016Joseph Dufresne, Megan Renkow and United Business Servicing Inc. Doing Business as Schooloftrade.Com.FraudChargesRead OSB Post
30-09-2016Alcibiades Cifuentes, Jennifer Wee Cifuentes and Cifuentes Fund Management LLCFraud and Misappropriation.Chargeswww.cftc.gov/
29-09-2016Angus Partners LLC D/B/A Angus EnergyActing as an Unregistered Commodity Trading Advisor.$250,000Read OSB Post
29-09-2016Aden RusfeldtFraudulent Omissions.More than $3.2 Million in Restitution and a Penalty.www.cftc.gov/
29-09-2016Thomas C. LindstromFraudChargeswww.cftc.gov/
29-09-2016Jon P. RugglesIllegal Futures and Options Trading.Disgorge More than $3.5 Million and $1.75 Million Penalty.www.cftc.gov/
28-09-2016eFloorTrade LLC and John Moore.Recordkeeping and Supervision Failures and False Statements.Chargeswww.cftc.gov/
28-09-2016SG Americas Securities LLCSupervision Failures.$750,000www.cftc.gov/
27-09-2016Kevin Michael Symons, FTS Financial Inc. and Jerry Austin Simmons.Fraud and various failuresChargeswww.cftc.gov/
27-09-2016Wells Fargo Bank N.A.Inaccurate Large Trader Reports.$400,000www.cftc.gov/
27-09-2016Advanced Trading Workshop Inc.Solicitation Fraud and Failure to Register.$940,000www.cftc.gov/
22-09-2016Barclays Bank PLCRecordkeeping Violations.$500,000Read OSB Post
22-09-2016Jamal Y. Vance and All City Investments LLCVarious Failures.Chargeswww.cftc.gov/
21-09-2016Advantage Futures LLC, Joseph Guinan and William SteeleFor various Failures and Inaccurate Statements.Jointly to Pay a $1.5 MillionRead OSB Post
20-09-2016KB Concepts Group LLC and Kelvin BurgosIllegal Off-Exchange Precious Metals Transactions.ChargesRead OSB Post
20-09-2016Raja Michael Mawad and RNS Holdings LPFraud and Failures.More than $389,000.www.cftc.gov/
19-09-2016JSC VTB Bank and VTB Capital PLCUnlawfully Executing Fictitious and Noncompetitive Block Trades.Jointly to Pay a $5 MillionRead OSB Post
12-09-2016James A. Shepherd and James A. Shepherd Inc.Commodity Pool Fraud$15 Millionwww.cftc.gov/
07-09-2016Fan WangMaking False Reports in Connection with Commodity Futures Transactions.Chargeswww.cftc.gov/
01-09-2016My Global Leverage, LLC and Toney Blondo Eggleston.Engaging in Illegal, Off-Exchange Precious Metals Transactions.More than $1.4 Million.www.cftc.gov/
01-09-2016Robert Escobio, Southern Trust Metals and Loreley Overseas Corporation.CFTC Wins Fraud Trial.Permanently Banned and to Pay Approximately $2.5 Million.www.cftc.gov/
22-08-2016Irina Feldman, Cindium Inc. and Einstein Exchange Group Inc. Fraud and Misappropriation in Commodity Pool Scheme.More than $600,000.Read OSB Post
18-08-2016Forex Capital Markets, LLCFailing to Timely Report Undercapitalization Violation and Guaranteeing against Customer Losses.ChargesRead OSB Post
18-08-2016Deutsche Bank AG Violations and related Supervision Failures.Chargeswww.cftc.gov/
17-08-2016Mirko “Mick” Schacke and TradeMasters USA, LLC.Fraud and Failing to Register with the CFTC.ChargesRead OSB Post
15-08-2016Robert S. Leben and Amy L. Leben.Anti-Fraud Enforcement Action.Over $10 Million.www.cftc.gov/
12-08-2016Martin Sommers and International Monetary Metals, Inc. Illegal, Off-Exchange Precious Metals Transactions and Registration Violations.Over $9.8 Million. www.cftc.gov/
12-08-2016Ralph Metters, aka Malachai “Moe” LevyDefrauding Investors in a FX Scheme.$500,000 Penalty and Disgorge $500,000 of Ill-Gotten Gains.www.cftc.gov/
09-08-2016Frank J. Collins, Gerard Suite and STA Opus NR LLC.Fraudulently Solicited of Customer Funds.Chargeswww.cftc.gov/
04-08-2016Hendrik A. Van Beuningen and DeBrink Trading Fund I, LLC.Settle CFTC Charges of Fraud and other Violations.$910,000www.cftc.gov/
04-08-2016Barclays Capital, Inc. Supervision Failures.$800,000www.cftc.gov/
03-08-2016Jonathan A. Parker and QuantX Capital, LLC.Foreign Exchange Commodity Pool Fraud.More than $1 Million.Read OSB Post
01-08-2016Ghassan Tawachi and Intelligent Trades, LLC.Defrauding Clients.Nearly $1.5 Million.www.cftc.gov/
28-07-2016Vault Options, Ltd. and Global Trader 365.Unlawful Off-Exchange Binary Options Trading, Fraud, and Registration Violations.More than $4.5 Million.Read OSB Post
14-07-2016Atlantas Group, Inc. and Edmund Hysni.Solicitation Fraud and for Making False Statements to the National Futures Association.$7.2 MillionRead OSB Post
11-07-2016Agrocorp International Pte Ltd.Call Cotton Reporting Violations.$150,000www.cftc.gov/
11-07-2016Golden Agri International Pte Ltd.Failed to Report Cash Positions.$150,000www.cftc.gov/
07-07-2016Matthew J. Marcus and Tech Power Inc. Engineered a Money Pass Scheme Involving.$250,000www.cftc.gov/
06-07-2016Barclays Bank PLCInaccurate Large Trader Reports for Physical Commodity Swaps Positions.$560,000Read OSB Post
05-07-2016Dorian Garcia and his Companies.Operating a Ponzi Scheme.Nearly $17.5 Million.Read OSB Post
28-06-2016Alvin Guy Wilkinson and his Partnerships.Fraud, Misappropriation, Failing to Register and Making Misrepresentations.Chargeswww.cftc.gov/
22-06-2016Dante S. Giovannetti, Emini Experts LLC and Capital Trading Concepts LLC. Commodity Pool Fraud and Other Violations.Over $2.7 Million.Read OSB Post
20-06-2016Ryan Magee, David Magee and Rae Magee.Commodity Pool Fraud.More than $3.2 Millionwww.cftc.gov/
20-06-2016Todd Owen Marshall and his companies.Engaged in Illegal, Off-Exchange Precious Metals Transactions and Registration Violations.More than $2.4 Million.Read OSB Post
07-06-2016Jeffrey Slemmer, Christian Dorrian, Adam Roth and their companies.Precious Metals and Rare Diamonds Fraud.Charges with request for relief.Read OSB Post
03-06-2016Rico Omar CoxDefrauding his clients in connection with commodity futures trading.$940,000Read OSB Post
03-06-2016Haena Park and Her Companies.Misappropriation and Fraud.Chargeswww.cftc.gov/
02-06-2016BFXNA Inc. d/b/a Bitfinex Offering Illegal Off-Exchange Financed Retail Commodity Transactions.$75,000 Read OSB Post
26-05-2016Ted L. Romeo, Richard D. Schrutt and Cypress Wealth Management Group.Illegally offering off-exchange financed transactions in precious metals.www.cftc.gov/
25-05-2016David BryantFor Fraud and Misappropriation.More than $6 Million.www.cftc.gov/
25-05-2016Citibank N.A. and Japanese Affiliates.Attempted Manipulation of Yen LIBOR and Euroyen TIBOR.$175 Millionwww.cftc.gov/
25-05-2016CitibankAttempted Manipulation and False Reporting.$250 Millionwww.cftc.gov/
09-05-2016Cunningham Commodities LLC and Salvatore Carmen Russo.Failing to Immediately Report a Customer Segregated Account Deficiency.Jointly to Pay a $150,000.Read OSB Post
12-04-2016Nathan Schleifer and Galileo Trading LLC.Commodity Futures Fraud.More than $1.6 Million.Read OSB Post
12-04-2016Brian Hinman For Aiding and Abetting Commodity Pool Fraud.Permanently banned and Imposed over $141,000 penalty.www.cftc.gov/
05-04-2016Michael Pucciarelli and Badge Trading LLC.Engaged in Unlawful Noncompetitive Exchange for Physical Transactions.$280,000www.cftc.gov/
31-03-2016Hendrik A. Van Beuningen and DeBrink Trading Fund I LLC.Fraud, Misappropriation and Registration Violations.Charges www.cftc.gov/
25-03-2016Tracy Lee Thomas and Marbury Advisors Inc.Fraudulently Soliciting over $1.2 Million in a Commodity Futures Scheme.Charges www.cftc.gov/
22-03-2016John David Stroud and his companies.Committing Commodity Pool Fraud and Misappropriation.More than $4.7 Million.www.cftc.gov/
22-03-2016Credit Suisse InternationalViolating the Speculative Position Limit for Wheat Futures.$665,000Read OSB Post
16-03-2016Equinox Fund Management, LLCMaterial Misstatements and Omissions.Over $5.65 Million. www.cftc.gov/
15-03-2016Vault Options, Ltd. and Global Trader 365Fraud, Illegal Off-Exchange Activity, and Operating in an Unregistered Capacity.ChargesRead OSB Post
14-03-2016IBFX, Inc. (f/k/a TradeStation Forex, Inc.)For Failures and Violations$1 MillionRead OSB Post
09-03-2016CHS, Inc. and CHS Hedging, LLC.Inaccurately Reporting Positions.$1 Millionwww.cftc.gov/
09-03-2016Banc de Binary Ltd., ET Binary Options Ltd., BO Systems Ltd., BDB Services Ltd., and Oren Shabat Laurent.Violating the CFTC’s Ban on Trading Binary Options Off-Exchange.More than $9 Million.Read OSB Post
24-02-2016Neil Pecker and Vision Financial Partners LLC.Fraud in Connection with Off-Exchange Binary Options. Charges seeks restitution to defrauded clients, disgorgement of ill-gotten gains, penalties, bans, and a permanent injunction.www.cftc.gov/
22-02-2016North American Asset Management LLC (NAAM), Alexi Bethel and Steven Labadie.Engaging in Illegal, Off-Exchange Precious Metals Transactions.Charges seeks disgorgement of ill-gotten gains, penalties, permanent bans and a permanent injunction. Read OSB Post
19-02-2016Ryan S. MageeActing as an Unregistered Commodity Pool Operator.Charges seeks restitution, monetary penalties, bans and injunctions.www.cftc.gov/
09-02-2016Cindy Vandivier and Paul Vandivier.Operating an Illegal, Off-Exchange Precious Metals Scheme.Pay Civil Monetary Penalties and Restitution of Almost $3 Million.www.cftc.gov/
08-02-20164X Solutions Inc. and Whileon Chay.Forex Fraud Ponzi Scheme.To Pay More than $10 Million in Disgorgement and a Civil Monetary Penalty.www.cftc.gov/
05-02-2016Rico Omar CoxCommodity Trading Advisor Fraud.Charges seeks a permanent bans, disgorgement of ill-gotten gains, and civil monetary penalties.www.cftc.gov/
04-02-2016Robert TripodeEngaging in Fraud in Connection with ForexCivil Monetary Penalty and Permanent Injunction.Read OSB Post
04-02-2016Worth Group Inc., Andrew Wilshire and Eugenia Mildner.Illegal Off-Exchange Precious Metals Scheme.$2.5 Million.www.cftc.gov/
03-02-2016Oakmont Financial Inc. and Joseph Charles DiCrisci.Engaging in Illegal, Off-Exchange Precious Metals Transactions.Charges seeking among other penalties and bans. Read OSB Post
20-01-2016Kevin J. DavisCharges with Acting as an Unregistered Commodity Pool Operator.CFTC seeks bans and penalties. Court Schedules Hearing for February 4.www.cftc.gov/
13-01-2016Otkritie Capital International, Ltd. Violating a CFTC Registration Regulation.$140,000 Civil Monetary Penalty.Read OSB Post
13-01-2016Nikolai S. Battoo, BC Capital Group S.A., BC Capital Group International Limited, and BC Capital Group Holdings S.A.Committing a Global Commodity Futures and Options Fraud.Permanent banned and approximately $500 Million in Sanctions.www.cftc.gov/
07-01-2016Ghassan Tawachi and Intelligent Trades, LLC.Defrauding Customers in Connection with a Commodity Futures Trading System.Charges seeking payment of penalties, disgorgement of gains and bans.www.cftc.gov/
18-12-2015JPMorgan Chase BankFailure to Disclose Conflicts of Interest.$100 Millionwww.cftc.gov/
10-12-2015Thomas GillonsFraud and Misappropriation.More than $1.9 Million in Restitution and Penalties.www.cftc.gov/
07-12-2015Total Gas & Power North America, Inc. and Therese Tran.Attempted Manipulation of Natural Gas Monthly Index Settlement Prices.Jointly to Pay a $3.6 Million Civil Monetary Penalty and Imposes a Bid-Week Trading Limitation for Two Years.www.cftc.gov/
07-12-2015Garen Ovsepyan, Sharpe Signa LLC and Haeres Capital LLC.Operated as a CTA without being registered with the CFTC.Permanent banned and jointly to pay a $70,000 civil monetary penalty.Read OSB Post
02-12-2015Arya MotazediEngaging in Transactions that Defrauded His Employer.$100,000 penalty, restitution of $216,955.80 and permanently banned from trading and registering as a futures professional.www.cftc.gov/
30-11-2015Eric A. BloomViolations of Commodity Exchange Act (CEA) in the handling of customer segregated funds.Permanently Banned from the Commodities Industry.www.cftc.gov/
18-11-2015Sentry Asset Group LLC, Sentry Asset Management LLC and John Pakel.Engaging in Illegal, Off-Exchange Precious Metals Transactions.$100,000 penalty, restitution of $278,767, permanent trading and registration bans.www.cftc.gov/
16-11-2015IB Capital FX LLC, Michel Geurkink and Emad Echadi. Forex Trading without Being Registered.Charges seeks penalties and bans.Read OSB Post
21-10-2015Gregory L. Gramalegui-Emini Trading School.Fraud and Other Violations.CFTC seeks restitution to defrauded clients.www.cftc.gov/
20-10-2015Alan James Watson, Cash Flow Financial LLC and Michael S. Potts Commodity Pool Ponzi Scheme Case.More than $91.9 Million.www.cftc.gov/
20-10-2015John R. Bullar and Executive Management Advisors L.L.C.Commodity Pool Operator and Commodity Trading Advisor Fraud and Ponzi SchemeOver $31 Million.Read OSB Post
20-10-2015BNP Paribas Securities Corp.Improper Investment of Customer Segregated Funds.$140,000 Penaltywww.cftc.gov/
19-10-2015Igor B. Oystacher and 3 Red Trading LLC.Spoofing and employment of a manipulative and deceptive device.Seeks penalties, bans and permanent injunctions.www.cftc.gov/
14-10-2015Bradley A. MiklovichMade unauthorized trades and falsified customers' accountJudge orders to make Full Restitution for Unauthorized Trading.www.cftc.gov/
05-10-2015Alexander Glytenko and Direct Investment Products, Inc.Connection with Commodity Pool Fraud.More than $3.8 Million Penalty.Read OSB Post
30-09-2015Alfred C. Toepfer International, Inc.Inaccurately Reporting Positions in Multiple Grains.$400,000 www.cftc.gov/
30-09-2015Deutsche Bank AGSwaps Reporting Violations and Related Supervision Failures.$2.5 MillionRead OSB Post
29-09-2015Barbara Cohen and Pure Reason, LLC.False statements to the CFTC and Not Disclosing Trading Results.$140,000 www.cftc.gov/
29-09-2015Alan M. Kneller and American Portfolio Asset Management, Inc. Illegally offering off-exchange financed transactions in precious metals.More than $578,000 Penalty.www.cftc.gov/
29-09-2015Daniel BowmanViolating Speculative Position Limits. $34,940.01 penalty and permanent trading and registration bans.www.cftc.gov/
28-09-2015Michael E. Simmons and Global Consortiums.Engaging in Foreign Exchange Commodity Pool Fraud.More than $589,000 Penalty.Read OSB Post
25-09-2015Futures International LLC and its Chief Operating Officer, Amedeo CerroneRecordkeeping Violations, False Statements, Unauthorized Trading, and Supervision Failures.$500,000 www.cftc.gov/
25-09-2015FOREXNPOWER, John Won, Sungmi Kang and Tae Hung Kang.Forex Fraud Scheme.Charges seeking penalties and other reliefs.Read OSB Post
24-09-2015Yakov Shlyapochnik and Nord Capital Advisors, LLC.For failing to Disclose Company’s Principal and for engaging in fraud.$280,000 and permanently Barred from the U.S. Commodities Industry.www.cftc.gov/
24-09-2015Cargill de México SA De CVUnlawfully Executing Wash Sales on the CBOT and KCBT.$500,000www.cftc.gov/
24-09-2015TeraExchange LLC Wash Trading and Prearranged Trading in Bitcoin SwapOrder filing and settling charges.Read OSB Post
17-09-2015Robert M. McMahonEngaging in Deceptive Trade Allocation Scheme.Pay $171,800 Civil Monetary Penalty and Permanent Trading and Registration Bans.Read OSB Post
17-09-2015Mintco LLC, Stuart Rubin and Richard Q. Zimmerman.Engaging in Illegal, Off-Exchange Precious Metals Transactions and Defrauding Customers.Charges seeks sanctions.www.cftc.gov/
17-09-2015Australia and New Zealand Banking Group Ltd.Inaccurate Large Trader Reports for Physical Commodity Swap Positions.$150,000 Penaltywww.cftc.gov/
17-09-2015Terry Lee Phillips and his two companies.Defrauding investors.To pay penalty totaling More than $234,000.www.cftc.gov/
17-09-2015Coinflip, Inc. d/b/a Derivabit and Francisco Riordan.Commodity options transactions without complying with the Commodity Exchange Act (CEA) and CFTC Regulations.Cease Illegally Offering Bitcoin Options and to Cease Operating a Facility for Trading or Processing of Swaps without Registering.www.cftc.gov/
11-09-2015Hannes Tulving, Jr and The Tulving Company, Inc.Fraudulent solicitation and misappropriation in Precious Metals Scheme.Charges seeking sanctions.Read OSB Post
09-09-2015Donovan Davis JrFraudulent operation of Capital Blu Management LLCSentenced to 17 years in a federal prison.www.cftc.gov/
08-09-2015Forex Capital Markets, LLCSupervision and Record-Production Violations and for Violating a Previous Commission Order.Pay More Than $843,000 and comply with certain undertakings.Read OSB Post
08-09-2015Maverick Asset Management LLC, Rodney Scott Phelps and Jason T. CastenirCommodity Pool Fraud and Other Violations.Following -a CFTC complain, Federal Court Issues Emergency Order Freezing Assets and Protecting Books and Records.www.cftc.gov/
28-08-2015Ron Earl McCullough and David Christopher Mayhew.Operated Foreign Currency Ponzi Scheme.Jointly to pay $1,223,388.43 in restitution and a $2,486,619.87 civil monetary penalty and permanent trading and registration bansRead OSB Post
25-08-2015Charles K. MosleyMisusing Customer Funds.Following a CFTC Complaint filed, Federal Court order to pay more than $2 Million and a permanent trading and registration ban.www.cftc.gov/
19-08-2015INTL FCStone Markets, LLCFailure to Supervise Swaps Trading in Violation of CFTC Regulation 23.602.$200,000 Civil Monetary Penalty.Read OSB Post
07-08-2015Gary Creagh and Wall Street Pirate Management, LLC.Making False Statements to the National Futures Association.Filed of an enforcement action.Read OSB Post
06-08-2015Morgan Stanley & Co. LLCViolations of Customer Protection Rule for Cleared Swaps and Related Supervision Failures.$300,000 Civil Monetary Penalty.Read OSB Post
05-08-2015Wayne P. Weddington III, Brunswick Capital LLC and Brunswick Capital Partners LP.Commodity Pool Fraud and Unregistered Activity.Court decision after CFTC complaint to pay $650,000 civil monetary penalty and restitution of $375,039 to defrauded customers.www.cftc.gov/
03-08-2015Husam Tayeh, Dinar Corp., Inc., and My Monex, Inc.Fraud and Other Violations Involving Foreign Currency Scheme.Civil enforcement action filed in U.S. District Court. Hearing for August 10.Read OSB Post
31-07-2015Keith F. Simmons, Deanna Salazar and their Companies.Connection with Foreign Currency Ponzi Scheme$76 Million in Civil Monetary Penalties, permanent trading and registration bans.www.cftc.gov/
10-07-2015Carl David Wright Commodity Pool Fraud.$1 Million Civil Penalty.www.cftc.gov/
06-07-2015Chinese National Yumin Li and BVI Company Kering Capital LtdFraud, engaging in fictitious transactions, and trading noncompetitively, in violation of the Commodity Exchange Act and CFTC regulations. Neither Li nor Kering Capital has ever been registered with the CFTC.CFTC filed a civil enforcement action. Court Enters Restraining Order Freezing Defendants’ Accounts and Protecting Books and Records. www.cftc.gov/
24-06-2015Nick A. Wurl and His Company Ludiera Capital LLCFraud, misappropriation, and the issuance of false statements in connection with an investment pool they operated that traded commodity futures contracts and options on futures contracts.Filed a federal enforcement action in the U.S. District Court for the Northern District of Illinois.www.cftc.gov/
19-06-2015Joseph F. Welsh III Attempted to manipulate the settlement prices of palladium and platinum futures contracts traded on the New York Mercantile Exchange (NYMEX).$500,000 Civil Penaltywww.cftc.gov/
16-06-2015Gregory Christopher EvansFraud and Unauthorized Swaps Trading$1,213,578.94 and permanently banning from registering with the CFTC and engaging in any commodity-related activity, including swaps trading. www.cftc.gov/
20-05-2015Barclays Bank PLCAttempted Manipulation and False Reporting of Foreign Exchange Benchmark Rates.$400 MillionRead OSB Post
20-05-2015Barclays PLC, Barclays Bank PLC, and Barclays Capital Inc.Attempted Manipulation of and False Reporting of U.S. Dollar ISDAFIX Benchmark Swap Rates.$115 Millionwww.cftc.gov/
14-05-2015Double Eagle Enterprises, LLC and its owner Eric Arlt Illegally offering off-exchange financed transactions in precious metals with retail customers, and failure to register as a Futures Commission Merchant (FCM) with the CFTC.Pay restitution of $611,154 and a $100,000 civil monetary penalty and prohibits them from trading on or pursuant to the rules of any registered entity.www.cftc.gov/
11-05-2015Libero Commodities SA Call Cotton Reporting Violations$480,000www.cftc.gov/
05-05-2015United Arab Emirates Residents Heet Khara and Nasim SalimSpoofing in the Gold and Silver Futures Markets.Filled of a civil enforcement action in the U.S. District Court. Court Issued an Ex Parte Restraining Order Freezing Defendants’ Assets and Preserving Records.www.cftc.gov/
01-05-2015FCStone, LLCSupervision Violations$140,000 Read OSB Post
30-04-2015Barry C. Taylor and his companies OTC Investments LLC and Forex Currency Trade Advisors, LLCCharged for operating Commodity Pool Fraud in a Multi-Million Dollar Fraudulent Forex Scheme and with Registration Violations.Federal Court Enters Emergency Order Freezing Defendants’ Assets and Protecting Books and Records, following CFTC Charges.www.cftc.gov/
30-04-2015Christopher Valois and Cynthia Wong and their companies Bertram Trade LLC and Churchhill Commodities Trading LLCPrecious metals and futures fraud, misappropriation, engaging in illegal off-exchange precious metals transactions, and registration violations in violation of the Commodity Exchange Act and CFTC Regulations.Jointly to pay restitution of $448,371 and a $700,000 civil monetary penalty. The Order also imposes permanent trading and registration bans.www.cftc.gov/
29-04-2015James Harvey MasonOff-exchange foreign currency (forex) commodity pool fraud.Court Order to Pay $5.5 Million arises out of the CFTC enforcement Complaint and permanent trading and registration bans.www.cftc.gov/
27-04-2015Inter-Global Currency & Precious Metals, LLC and its owner, manager, and controlling person Stavros Papastavrou.Engaging in Illegal, Off-Exchange Precious Metals Transactions.Federal Court in Florida Orders a civil monetary penalty of $100,000 and a restitution award of $447,342, and permanently bans IGCPM and Papastavrou from registering, trading, soliciting, and engaging in other CFTC-regulated activities, following CFTC enforcement actions.www.cftc.gov/
27-04-2015My Global Leverage, LLC (MGL) and its owner and managing member Toney Blondo EgglestonEngaging in illegal, off-exchange transactions in precious metals with retail customers on a leveraged, margined, or financed basis.Filed of a civil injunctive enforcement action in the U.S. District Court for the District of Nevadawww.cftc.gov/
23-04-2015Deutsche Bank AGManipulation, Attempted Manipulation, and False Reporting of LIBOR and Euribor.$800 Million www.cftc.gov/
21-04-2015Sentry Asset Group, LLC and its Owner, John Pakel.Illegal, Off-Exchange Precious Metals Transactions.Civil enforcement action in the U.S. District Court for the Southern District of Florida.www.cftc.gov/
21-04-2015U.K. Resident Navinder Singh Sarao and His Company Nav Sarao Futures Limited PLC.Price Manipulation and Spoofing.Civil enforcement action in U.S. District Court.www.cftc.gov/
20-04-2015Dorian A. Garcia and his Companies, DG Wealth Management, Macroquantum Capital LLC, and UKUSA Currency Fund LP.Fraud and Registration Violations.Federal Court Enters Emergency Order Freezing Defendants’ Assets and Protecting Books and Records, following CFTC Charges.www.cftc.gov/
17-04-2015Matthew J. Marcus and His California Company, Tech Power, Inc., and John D. Briner and His Canadian Law Firm, MetroWest Law CorpMoney Pass Scheme Involving More than 1,200 Single Stock Futures TradesNorthern District of Illinois entered a restraining Order freezing certain assets and prohibiting the Defendants from destroying documents. www.cftc.gov/
15-04-2015Hope Advisors LLC, Commodity Pool OperatorRegistration and Reporting Violations$100,000www.cftc.gov/
06-04-2015RFF GP, LLC, KGW Capital Management, LLC, and Kevin G. WhiteOperating a Fraudulent Commodity Pool4,150,000 civil monetary penalty and restitution of $3,365,888www.cftc.gov/
01-04-2015Kraft Foods Group, Inc. and Mondel?z Global LLCManipulation of Wheat Futures and Cash Wheat PricesSeeks a permanent injunction from future violations of federal commodities laws, disgorgement, and civil monetary penaltieswww.cftc.gov/
31-03-2015Maverick International, Inc. and its Principals Wesley Allen Brown and Edward Rubin.Pool Fraud and Other Violations of federal commodity laws. U.S. District Court issued an emergency Order freezing and preserving assets under Defendants’ control and prohibiting them from destroying documents or denying CFTC staff access to their books and records, following CFTC Charges. www.cftc.gov/
30-03-2015Daniel Shak Violated the terms of the CFTC Order.$100,000www.cftc.gov/
27-03-2015Robert Stanley HarrisonCommodity Pool FraudLifetime Ban from Commodities Industry, sentenced to 1 year and 1 day in prison and ordered to pay restitution to victims of his fraud.www.cftc.gov/
25-03-2015John G. Wilkins and His Company, Altamont Global Partners LLC.Federal Court’s Permanent Injunction Order and Wilkins’s Related Criminal Conviction.CFTC Revokes Registrations.www.cftc.gov/
23-03-2015Marubeni America CorporationInaccurately Reporting Positions in Multiple Grains$800,000www.cftc.gov/
16-03-2015ICE Futures U.S., Inc. Submitting inaccurate and incomplete reports and data to the CFTC over at least a 20-month period$3 Millionwww.cftc.gov/
03-03-2015Jerry Stauffer Commodity Pool Fraud and Other Violations.Federal Court Issues Emergency Order Freezing Stauffer’s Assets and Protecting Books and Records, following CFTC Charges.www.cftc.gov/
03-03-2015Mark Evan Bloom and his Company, North Hills Management, LLCCommodity Pool FraudFederal Court in New York Imposes a $26 Million Civil Monetary Penalty. Also, pleaded guilty in a parallel criminal proceeding and is currently awaiting sentencing.www.cftc.gov/
26-02-2015Kevin G. WhiteCommodity Pool Investment ScamOver Eight Years in Federal Prisonwww.cftc.gov/
13-02-2015Scott M. Ross and his companies, Maize Capital Management, LLC and Maize Asset Management, LLCDefrauding Investors in His Commodity Pools, Mishandling Customer Funds, and Failing to Properly Register as a Commodity Pool Operator.Jointly to pay $5,402,818.89 in restitution, as well as, a $1.3 million civil penalty. Also, imposed permanent trading and registration bans against all Defendants.www.cftc.gov/
05-02-2015Isaiah Goldman and Brock Catronio and their Companies, Paramount Metals Exchange, LLC and Paramount Credit, LLCEngaged in Illegal, Off-Exchange Precious Metals TransactionsJointly to pay restitution of $1,595,946 to their customers and jointly to pay a $1 million civil monetary penalty. In addition, the Order imposes permanent registration and trading bans.www.cftc.gov/
04-02-2015Midwest Metals Exchange and Its Owner, Brian S. Ekasala Engaged in Illegal, Off-Exchange Precious Metals Transactions.Restitution totaling $322,852.71 and a $200,000 civil monetary penalty. The Order further imposes permanent trading and registration bans and requires them to cease and desist from violating Section 4(a) of the Commodity Exchange Act.www.cftc.gov/
04-02-2015U.S. Bank National AssociationImproperly holding and using a Peregrine Financial Group, Inc. customer segregated funds account by treating the account like a regular business checking account.Federal Court Orders U.S. Bank National Association to Pay $18 Million to Peregrine Customers, following a Complaint filed by the CFTC.www.cftc.gov/
03-02-2015Christopher Valois, Cynthia Wong, and their companies, Bertram Trade LLC (Bertram) and Churchhill Commodities Trading LLC.Precious metals and futures fraud, misappropriation, engaging in illegal off-exchange precious metals transactions, and registration violations, in violation of the Commodity Exchange Act and CFTC Regulations from October 2011 to the present.Central District of California entered an emergency restraining Order freezing assets and prohibiting the destruction or concealment of books and records of Defendants, following a complaint filed by CFTC.www.cftc.gov/
26-01-2015Anthony Lauria and His Company Gold Coast Bullion, Inc.Off-Exchange Precious Metals FraudRestitution totaling $5,940,124.16 and a civil monetary penalty of $3.75 million. In addition, the Order imposes permanent registration and trading bans on Lauria and GCB.www.cftc.gov/
21-01-2015Michael A. Kardonick, Gary R. Shapoff, and Atwood & James.Forex Options Fraud and Misappropriation.$2.16 Million Penalty and Permanent Trading Bans.www.cftc.gov/
21-01-2015Bharat Adatia and His Companies, Lions Wealth Holdings, Lions Wealth Services, and 20/20 Precious Metals.Multi-Million Dollar Fraudulent Precious Metals Scheme.Over $5.3 Million in Monetary Sanctions and permanent trading, solicitation, and registration bans.www.cftc.gov/
20-01-2015Olam International, Ltd. and Olam Americas, Inc.Violating Cocoa Position Limits and Unlawfully Executing Noncompetitive Trades.$3 Million Penalty.www.cftc.gov/
16-01-2015Summit Energy Services, Inc.Acting as an Unregistered Commodity Trading Advisor.$140,000 Civil Monetary Penalty.www.cftc.gov/
14-01-2015TOTE Fund LLC and MJS Capital Management LLC, and their Principal, Michael J. Siegel.Commodity Pool Fraud and Other Violations.CFTC Obtains Judgment: Federal Court Orders Defendants to Pay More than $871,000 in Restitution, Disgorgement, and Civil Monetary Penalties.www.cftc.gov/
12-01-2015Allied Markets LLC and its principals Joshua Gilliland and Chawalit Wongkhiao.Operating a fraudulent foreign currency (forex) commodity pool in violation of the Commodity Exchange Act (CEA) and CFTC Regulations. In addition, none of the Defendants has ever been registered with the CFTC, as required.CFTC Foreign Currency Anti-Fraud Action: Federal Court in Florida Enters Order Freezing Assets.www.cftc.gov/

FINRA

DateCompany/Person NameViolationFineRead more
21-12-201612 FirmsFailing to Protect Records From Alteration.$14.4 Millionwww.finra.org
16-12-2016Deutsche Bank Securities Inc.Deficient Disclosures .$3.25 MillionRead OSB Post
05-12-2016Credit Suisse Securities (USA) LLCSignificant Deficiencies in its AML Program.$16.5 MillionRead OSB Post
30-11-2016Merrill LynchInadequate Supervision of Securities-Backed Leverage.$7 MillionRead OSB Post
28-11-2016VALIC Financial Advisors Inc.Failure to Prevent Conflicts of Interest.$1.75 Millionwww.finra.org
17-11-2016Oppenheimer & Co.Reporting violations and other failures.$3.4 MillionRead OSB Post
02-11-2016Eight FirmsSupervisory Failures.$6.2 Millionwww.finra.org
18-10-2016Merrill LynchSupervisory Violations$2.8 MillionRead OSB Post
14-09-2016Ameriprise Financial Services Inc.Failing to Supervise the Transmittal of Funds$850,000Read OSB Post
08-08-2016Deutsche Bank Securities Inc.Significant supervisory failures.$12.5 MillionRead OSB Post
03-08-2016Barclays Capital Inc.Reporting Violations and Supervisory Failures.$1.3 MillionRead OSB Post
01-08-2016Hank Mark WernerSecurities fraud.Complaint Charging.www.finra.org
19-07-2016Prudential Annuities Distributors, Inc.Failing to Prevent Theft From Customer’s Account.$950,000www.finra.org
29-06-2016Deutsche Bank Securities Inc.Submitted Inaccurate and Late Blue Sheet Data$6 MillionRead OSB Post
23-06-2016Merrill LynchFailing to Disclose Material Facts in Sales to Retail Customers$5 Millionwww.finra.org
08-06-2016Oppenheimer & Co. Inc.Unsuitable Sales and Related Supervisory Failures$2.9 MillionRead OSB Post
02-06-2016E*Trade Securities LLCSupervisory Violations.$900,000Read OSB Post
19-05-2016Lawson Financial Corporation and Robert Lawson.Fraudulent Municipal Bond Sales.Complaint Charging.www.finra.org
18-05-2016Raymond James & Associates, Inc. and Raymond James Financial Services, Inc.Systemic Anti-Money Laundering Compliance Failures.$17 MillionRead OSB Post
11-05-2016Stephens Inc.Inadequate Supervision of Research Department "Flash" Emails.$900,000www.finra.org
03-05-2016MetLife Securities Inc.Negligent Misrepresentations and Omissions.$25 MillionRead OSB Post
25-04-2016James Van DorenUnethical conduct involving money laundering and a scheme to deceive creditors Bars him from the securities industry.www.finra.org
21-03-2016Wedbush Securities Inc.For supervisory violations.$675,000Read OSB Post
19-02-2016George Johnson.Market Manipulation.Barred from the securities industry.Read OSB Post
11-02-2016Timothy S. Dembski and Walter F. GrendaFraudulent Sales of a Hedge FundBarred from the securities industry.www.finra.org
29-12-2015Barclays Capital, Inc.For Unsuitable Mutual Fund Transactions and Related Supervisory Failures.$13.75 MillionRead OSB Post
23-12-2015Macquarie Capital (USA) Inc.For Submitting Inaccurate Blue Sheet Data.$2.95 Millionwww.finra.org
21-12-2015Jarred Kessler and Joseph LudovicoFor supervisory failures.Jarred Kessler was suspended for three months and fined $35,000 and Joseph Ludovico was suspended for two months and fined $25,000.www.finra.org
21-12-2015Cantor Fitzgerald & Co.Selling Billions of Unregistered Microcap Shares, and for Related Supervisory and AML Violations.$7.3 Millionwww.finra.org
18-12-2015Fidelity Brokerage Services LLCSupervisory Failures$1 MillionRead OSB Post
19-11-2015Deutsche Bank Securities Inc.Violating Regulation SHO and Short Interest Reporting Rules.$1.4 MillionRead OSB Post
16-11-2015ScottradeSignificant Failures in Required Electronic Records and Email Retention$2.6 MillionRead OSB Post
27-10-20155 FirmsFailing to waive mutual fund sales charges.More than $18 million.www.finra.org
20-10-201512 FirmsFailing to Apply Sales Charge Discounts to Customers' Purchases of UITs$6.7 MillionRead OSB Post
13-10-2015Santander Securities LLCSupervisory Failures$6.4 MillionRead OSB Post
07-10-2015Halcyon Cabot Partners, Michael Morris and Ronald Heineman.Fraud, sales practice abuses and widespread supervisory and anti-money laundering failures.Expelled the company and barred the two persons from the securities industry.www.finra.org
29-09-2015UBS Puerto RicoSupervisory failures.$18.5 Millionwww.finra.org
15-09-201510 Former Global Arena RepresentativesSecurities violations.Barred seven from the securities industry, suspended an eighth person and barred two from serving in a principal capacity.Read OSB Post
24-08-2015Charles Schwab & Co., Inc.Net capital deficiencies and for related supervisory failures.$2 MillionRead OSB Post
12-08-2015StockCross Financial Services, Inc. Regulation SHO Violations.$800,000www.finra.org
06-08-2015Richard Adams, former Caldwell Broker.Churning customers’ accounts and other securities rule violations.Permanently barred from the securities industry.Read OSB Post
03-08-2015Aegis Capital Corp., Charles D. Smulevitz and Kevin C. McKenna.Improperly selling unregistered penny stocks, supervisory failures and AML violations.$950,000, 30 and 60 day principal suspensions, and $5,000 and $10,000, respectively for Smulevitz and McKenna.Read OSB Post
27-07-2015Goldman Sachs Execution & Clearing, L.P.Systemic Order Audit Trail System (OATS) reporting violations.$1.8 MillionRead OSB Post
06-07-2015Wells Fargo, Raymond James, and LPL FinancialFailed to adequately supervise the sale of mutual funds that offered sales charge waivers.To pay: Wells Fargo $15 million, Raymond James $8.7 million and LPL $6.3 millionwww.finra.org
22-06-2015Morgan Stanley Smith Barney and Scottrade.Failing to Supervise the Transmittal of Customer Funds to Third-Party Accounts.Morgan Stanley Smith Barney, LLC (Morgan Stanley) $650,000 and Scottrade, Inc. $300,000.www.finra.org
13-05-2015Morgan StanleyShort Interest Reporting and Short Sale Rule Violations.$2 million.www.finra.org
06-05-2015LPL Financial LLC Widespread Supervisory Failures Related to Complex Products Sales, Trade Surveillance and Trade Confirmations Delivery.$11.7 Millionwww.finra.org
27-04-2015Avenir Financial Group, Michael Clements, Karim Ibrahim and Cesar RodriguezFraud Against Elderly Investors.Files Cease and Desist Order. Cesar Rodriguez barred from the securities industry.www.finra.org
23-04-2015RBC Capital MarketsSupervisory failures resulting in sales of unsuitable reverse convertibles.$1 million and approximately $434,000 in restitution.Read OSB Post
30-03-2015H. Beck, Inc., LaSalle St. Securities, LLC, and J.P. Turner & Company, LLCInadequate supervision of consolidated reports provided to customers and other violations.$425,000, $175,000 and $100,000, respectively.Read OSB Post
26-03-2015Oppenheimer & Co. Inc.Failing to Supervise Former Oppenheimer Broker Mark Hotton who stole money from his customers and excessively traded their brokerage accounts.Fined $2.5 Million and Ordered to Pay Restitution of $1.25 Million.Read OSB Post
25-03-2015First New York Securities L.L.C.Short selling ahead of participating in 14 public offerings of securities.Pay disgorgement of more than $516,000, plus interest, fined the firm $400,000 and is prohibited from participating in secondary or follow-on offerings for a period of six months.Read OSB Post
12-03-2015Brookville Capital Partners and Brookville President Anthony Lodati.Fraud in connection with sales of a private placement offering.Pay full restitution of more than $1 million and fined the firm $500,000. Also, barred Brookville President Anthony Lodati from the securities industry.www.finra.org
09-01-2015John Thomas Financial (JTF) and its Chief Executive Officer, Anastasios "Tommy" Belesis.Trading Ahead of Customer Orders, Providing False Testimony and Other Violations.$1,047,288, plus interest. Additionally, JTF and Belesis were suspended for two years and jointly and severally fined $100,000, and JTF's Chief Compliance Officer Joseph Castellano was suspended for one year and fined $50,000.www.finra.org

NFA

DateCompany/Person NameViolationFineRead more
30-12-2016Eden PrairieFailed to submit promotional material and failed to supervise the firm's operations.Permanently barred from membership.www.nfa.futures.org/
04-11-2016The Cambridge Strategy Asset Management LimitedVarious failures.$60,000Read OSB Post
04-10-2016Vankar Trading Corp. and John KarvelasComplaint alleged that Vankar failed to maintain required minimum adjusted net capital and other failures.Vankar permanently barred and John Karvelas barred for 10 years.Read OSB Post
23-08-2016The Cambridge Strategy Asset Management Limited.For various failures.Issued a Complaint.www.nfa.futures.org
19-08-2016Macro Risk Advisors LLCFailed to file timely financial reports with NFA.Issued a Complaint.www.nfa.futures.org
19-08-2016Ascona Management LLC and Andrew M. Keller.For various failures.Issued a Complaint.www.nfa.futures.org
19-08-2016Nex Capital Management LLC and Jacob Wohl.Failed to cooperate with NFA.Issued a Complaint.www.nfa.futures.org
02-06-2016Apercu International and Alvin Guy Wilkinson.Failure to cooperate with NFA.Suspension from NFA membership and various prohibitions.www.nfa.futures.org
24-03-2016Tina MozhayskiAccepted investment funds although she was not registered to do so, provided false customer statements.Bared from membership.www.nfa.futures.org
23-03-2016Accusigma Corporation and Brent Park.Failed to cooperate with NFA.Permanently barred from membership.Read OSB Post
17-03-2016Hollencrest SecuritiesFailed to observe high standards of commercial honor and just.$125,000www.nfa.futures.org
15-03-2016IBFX, Inc.Failed to comply with Chief Compliance Officer requirements.Permanently withdraw from NFA membership.Read OSB Post
29-02-2016Portfolio Managers Inc. (PMI)Made misleading, deceptive and high-pressure sales solicitations, and willfully submitted false information to NFA.Barred from membership.Read OSB Post
25-02-2016TGI Capital Management Limited.Repeatedly failed to file its PR statements on time.Barred from membership.www.nfa.futures.org
25-01-2016CC Trading Company LLCFailed to maintain required minimum adjusted net capital, failed to keep accurate financial records and other failures.Permanently barred.www.nfa.futures.org
10-12-2015Robert Hawkes PotterBased on a Complaint authorized by the BCC regarding he acted as an unregistered futures commission merchant.Permanently barred from membership and from acting as a principal of an NFA Member.www.nfa.futures.org
09-12-2015X-Change Financial Access LLCBased on a Complaint authorized by the BCC regarding XFA's risk management policy.Barred from acting as an FCM and orders it to pay a $75,000 fine.www.nfa.futures.org
10-11-2015YZ Investment Services and Yanping Zhang.Used misleading and deceptive promotional material.Bars from membership for five years.www.nfa.futures.org
02-11-2015Nord Capital Advisors LLC and Yakov Shlyapochnik.Failure to cooperate by refusing to provide NFA with books and records as requested.Both barred and must pay a $300,000 fine.www.nfa.futures.org
29-10-2015Jonathan Parker.Based on a Complaint.Permanently barred from membership.www.nfa.futures.org
21-10-2015Philip M. WorleyBased on a Complaint. Permanently barred from acting as a principal of an NFA Member.www.nfa.futures.org
18-09-2015RNS Holdings LP (RNS) and Raja Michael Mawad. Misappropriated approximately $180,000 from the RNS Capital LP Fund.Permanently barred from NFA membership, from acting as principals of an NFA Member and must transfer the balance.www.nfa.futures.org
18-09-2015McElhannon GroupUsed false and misleading promotional material.Permanently barred from NFA membership.Read OSB Post
28-08-2015Primary Assets Management Corporation, Accredited Investment Management Corp.and Peter G. Catranis.Used misleading promotional material, recommended and/or placed trades that did not serve the best economic interests of the customers and failed to maintain adequate books and records and diligently supervise the firms' operations.Permanently barred the two companies from membership and their director to withdraw from NFA membership for four years.Read OSB Post
11-08-2015Grace Financial Group LLC and Christopher T. Bondy.Provided NFA with false and misleading information and other failures.Permanently barred from NFA membership.Read OSB Post
30-07-2015Jonathan ParkerNFA believes that he has been operating as an unregistered commodity pool operator (CPO), failed to produce books and records and cooperate with NFA.Prohibited from disbursing or transferring any customer funds without NFA's prior approval and is suspended from NFA membership. Read OSB Post
16-07-2015Wealth Creation Investments LLC and Fox Financial Group LLC. Made misleading sales solicitations and used a disclosure document that included misleading performance information.Barred from NFA membership. www.nfa.futures.org
13-05-2015Andrew James AronsonViolation of NFA Compliance Rule 2-5: Failing to Cooperate promptly and fully with NFA.Permanently barred Andrew James Aronson (Aronson) from NFA membership, associate membership and acting as a principal of an NFA Member.www.nfa.futures.org
14-04-2015RNS Holdings LP and its principal, Raja Michael MawadEmergency enforcement action because Mawad has misappropriated pool participant funds and improperly used pool participant funds for expenses which should have been paid by Mawad or the pool operator.Both suspended from NFA associate membership, prohibited from disbursing or transferring any funds of customers, pool participants, investors or pools over which they control, without NFA's prior approval and must repay the money they misappropriated and improperly used from the RNS Fund.www.nfa.futures.org
14-04-2015Dow McVean Capital Management LLC and its principal, Charles Dow McVean, Jr.Violatins of NFA Compliance Rules 2-9(a) and 2-10: Failing to dligently supervise and Failing to enact required procedures regarding allocations from Bunched Orders.$105,000www.nfa.futures.org
14-04-2015K&M Trading, LLC and its principals, William Kaelin and John Morrissey.Failing to enact required procedures regarding allocations from bunched orders, in violation of NFA Compliance Rule 2-10. The Complaint also charged Kaelin and Morrissey with failing to diligently supervise K & M's operations, in violation of NFA Compliance Rule 2-9(a).$105,000Read OSB Post
14-04-2015Wharton Asset Management LLC and its principal, Michael J. Wharton.Failing to enact required procedures regarding allocations from bunched orders, in violation of NFA Compliance Rule 2-10. The Complaint also charged Wharton with failing to diligently supervise Wharton Management's operations, in violation of NFA Compliance Rule 2-9(a).$105,000www.nfa.futures.org
14-04-2015BLS AG Futures LLC and its principal, Brian L. Swords.Failing to enact required procedures regarding allocations from bunched orders, in violation of NFA Compliance Rule 2-10. The Complaint also charged Swords with failing to diligently supervise BLS's operations, in violation of NFA Compliance Rule 2-g(a).$105,000www.nfa.futures.org
14-04-2015CDM Investment Management LLC and its principal, Charles Dow McVean Sr.Failing to enact required procedures regarding allocations from bunched orders, in violation of NFA Compliance Rule 2-10. The Complaint also charged Charles McVean Sr. with failing to diligently supervise CDM Management's operations, in violation of NFA Compliance Rule 2-9(a).$105,000www.nfa.futures.org
14-04-2015McVean Trading & Investments LLC and two of its principals, Charles Dow McVean Sr. and Llewellyn HallFailing to enact required procedures regarding allocations from bunched orders, in violation of NFA Compliance Rule 2-10. The Complaint also charged McVean Trading, Charles McVean, Sr. and Hall with failing to diligently supervise McVean Trading's operations, in violation of NFA Compliance Rule 2-9(a). $625,000www.nfa.futures.org
05-03-2015McElhannon Group, Inc. (McElhannon) and Philip Mack Worley (Worley), a principal and associated person (AP) of McElhannon.Following a complaint forwarded by the Texas State Securities Board that suggests Worley and McElhannon were using misleading and deceptive promotional materials. Emergency enforcement action. Suspended from NFA membership and associate membership. They also are prohibited from disbursing or transferring any customer funds over which either McElhannon, Worley or any person acting on behalf of McElhannon exercises control, without prior approval from NFA.Read OSB Post
27-02-2015Chazon QTA Quantitative Trading Artists LLC and its principal, Lawrence I. Fejokwu.Chazon and Fejokwu willfully violated NFA Rules by refusing to produce bank records requested by NFA.Permanently barred from NFA membership.www.nfa.futures.org
13-01-2015Aspirant Management LLC and Luckow Group, Inc. and firms' principal, Paul D. Luckow.Aspirant Management violated NFA Rules by improperly taking loans and advances from Aspirant LP, a commodity pool that it operated, and that Aspirant Management, Luckow Group and Luckow misused pool assets.Permanently withdraw from NFA membership. Also has ordered Paul D. Luckow, not to register as an AP or be principal of an NFA Member CPO or CTA. Finally, Aspirant Management, Luckow Group and Luckow also were ordered to pay a total fine of $20,000.www.nfa.futures.org
12-01-2015Diamond Head Capital LLC, eFloorTrade LLC, John A. Moore—the sole principal of both firms, and Christopher T. Moore—an associated person of both firms.Repeated failure to detect suspicious activity, a failure to implement adequate procedures to verify the identity of customers and whether customers were required to be CFTC-registered and NFA Members, and a failure to ensure that books and records were correct.Diamond Head Capital LLC, to permanently withdraw from NFA membership. Also fined eFloorTrade LLC, John A. Moore and Christopher T. Moore each $15,000.www.nfa.futures.org

SEC

DateCompany/Person NameViolationFineRead more
29-12-2016General Cable CorporationViolations of the FCPA.Settled charges by agreed to pay more than $75 million plus penalty.www.sec.gov/
28-12-2016Jason Adam OgdenFraudulent EB-5 Offering.Settled charges by greed to pay back the amount he misused plus interest and a penalty.www.sec.gov/
27-12-2016Emilio FranciscoStealing Investor Money.Chargeswww.sec.gov/
27-12-2016Iat Hong, Bo Zheng and Hung Chin.Trading on Hacked Nonpublic Information.ChargesRead OSB Post
21-12-2016Naris Chamroonrat and Adam L. Plumer.Defrauding Investors.ChargesRead OSB Post
21-12-2016Navnoor Kang, Gregg Schonhorn and Deborah Kelley.Pay-to-Play Scheme.Chargeswww.sec.gov/
20-12-2016Morgan Stanley & Co. LLCCustomer Protection Rule Violations.$7.5 million to settle charges.www.sec.gov/
19-12-2016Mark Nordlicht and the Platinum funds.Defrauding Investors.Chargeswww.sec.gov/
16-12-2016Deutsche BankMisled clients about Order Router.$37 million to settle charges.www.sec.gov/
16-12-2016Three Individuals and Broker-Dealer.Violating Market Structure Rules.ChargesRead OSB Post
12-12-2016Joseph Taub and Elazar Shmalo.Stock Manipulation Scheme.ChargesRead OSB Post
06-12-2016Equidate Inc.Selling Unregistered Swaps.$80,000www.sec.gov/
05-12-2016Jonathan LyInsider Trading.Chargeswww.sec.gov/
01-12-2016PIMCOMisleading Investors.Nearly $20 million.Read OSB Post
01-12-2016Onix Capital LLC and Alberto Chang-Rajii.Defrauded investors.Chargeswww.sec.gov/
17-11-2016JPMorgan Chase & Co.To settle FCPA Charges.$264 MillionRead OSB Post
10-11-2016EZTD Inc.Misleading Investors About Binary Options Profitability.More than $1.7 million.Read OSB Post
31-10-2016Adrian D. BeamishFailed Audits.Chageswww.sec.gov/
31-10-2016PKF O’Connor Davies and Domenick F. Consolo.Issued fraudulent Audit Reports.$380,000 and $100,000 for the firm and $75,000 for the partner.www.sec.gov/
27-10-2016Marc D. BroidyFraudulently Overbilled Clients, Stole Assets for Personal Expenses.ChargesRead OSB Post
24-10-2016Embraer S.A.To settle FCPA Charges.$205 MillionRead OSB Post
21-10-2016James C. CopeInsider Trading.ChargesRead OSB Post
20-10-2016FMC Technologies, Jeffrey Favret and Steven Croft.Accounting Violations.$2.5 million for FMC Technologies, Favret to pay a $30,000 and Croft to pay a $10,000.Read OSB Post
18-10-2016Bank LeumiConducted Unregistered U.S. Cross-Border Business.$1.6 millionRead OSB Post
18-10-2016Ernst & YoungAudit Failures.$11.8 Millionwww.sec.gov/
13-10-2016Forcerank LLCIllegally offering complex derivatives products to retail investors. $50,000Read OSB Post
13-10-2016Artis Capital Management and Michael W. Harden.Failed to Prevent Insider Trading.Artis to pay nearly $9 million and Harden to pay a $130,000 and to be suspended.www.sec.gov/
12-10-2016Deutsche BankFailed to Properly Safeguard Research Information.$9.5 millionRead OSB Post
05-10-2016Credit Suisse AGMisrepresenting Performance Metric.$90 millionRead OSB Post
04-10-2016Laurence I. Balter and Oracle Investment Research.Cherry-Picking and Misleading Clients.Fraud Charges.www.sec.gov/
29-09-2016Robert GadimianInsider trading.Chargeswww.sec.gov/
29-09-2016Och-Ziff Capital Management GroupTo settle charges of violating the FCPA.Nearly $200 million.www.sec.gov/
28-09-2016Peruvian TradersInsider trading.Chargeswww.sec.gov/
28-09-2016UBS Financial ServicesFailures in Sale of Complex Products to Retail Investors.More than $15 million. www.sec.gov/
27-09-2016Weatherford InternationalAccounting Fraud.$140 millionRead OSB Post
26-09-2016Craig V. Sizer and Miguel Michael Mesa.FraudThey both agreed to be barred.www.sec.gov/
26-09-2016Merrill LynchTrading Controls Failures.$12.5 millionRead OSB Post
21-09-2016Sheldon R. RoseFraudAgreed to settle the charges, barred and monetary sanctions will be determined.www.sec.gov/
21-09-2016Leon CoopermanInsider Trading.Chargeswww.sec.gov/
13-09-2016Manuel E. Jesus and Wealthpire Inc. To Settle Stock Newsletter Fraud Charges.Nearly $1.5 million.Read OSB Post
09-09-2016BOK Financial sunsibdiaryTurning Blind Eye to Investment Scheme.More than $1.6 millionRead OSB Post
08-09-2016Raymond James & Associates and Robert W. Baird & Co.Compliance Failures.ChargesRead OSB Post
01-09-2016Donald Watkins, Watkins Pencor LLC and Masada Resource Group LLC.Defraud professional athletes and other investors.Chargeswww.sec.gov/
31-08-2016RBC Capital Markets LLC Proxy Statement Disclosure Violations.$2.5 millionwww.sec.gov/
26-08-2016Enviro Board Corporation, Glenn Camp and William Peiffer.Defraud investors.Chargeswww.sec.gov/
25-08-201613 investment advisory firms.Advertising False Performance Claims.Penalties range from $100,000 to a half-million dollars. Read OSB Post
24-08-201671 Municipal Issuers.Violations in municipal bond offerings.Enforcement actions. The parties settled the actions.www.sec.gov/
23-08-2016Apollo Global ManagementDisclosure and Supervisory Failures.ChargesRead OSB Post
16-08-2016Health Net Inc.Violated federal securities laws.$340,000www.sec.gov/
16-08-2016Edwin ChinMisled customers.$400,000www.sec.gov/
15-08-2016Eden Arc Capital Management and Donald Lathen.Fraud Scheme.Chargeswww.sec.gov/
11-08-2016Nicholas M. Mitsakos and Matrix Capital Markets.Solicited investors.Chargeswww.sec.gov/
11-08-2016Paul T. Rampoldi and William Scott Blythe III.Insider Trading.Chargeswww.sec.gov/
10-08-2016Robertson Sherman C. Vaughn Jr.Running $10 Million Fraud.ChargesRead OSB Post
04-08-2016Dr. Edward KosinskiInsider Trading.Chargeswww.sec.gov/
28-07-2016Matthew E. White, Rodney A. Zehner, and Daniel J. Merandi.In Case of Investor Funds Stolen.Asset Freeze.Read OSB Post
26-07-2016State Street Bank and Trust Company.Misled Custody Clients About Prices for Forex Trades.$382.4 millionRead OSB Post
22-07-2016Hugh Brennan III and Douglas Albert Dyer.Ongoing Fraudulent Stock Scheme.SEC has won a court-ordered asset freeze.Read OSB Post
14-07-2016RiverFront Investment GroupFailed to Clearly Disclose Additional Costs to Investors.$300,000www.sec.gov/
12-07-2016CitigroupProvided Incomplete Blue Sheet Data for 15 Years.$7 millionRead OSB Post
24-06-2016Four companies and eight individuals.Oil and gas fraud.ChargesRead OSB Post
23-06-2016Merrill LynchIt was responsible for misleading Investors in Structured Notes.$10 millionwww.sec.gov/
23-06-2016Merrill LynchMisused Customer Cash and failed to safeguard customer securities.$415 Millionwww.sec.gov/
22-06-2016Idris Dayo MustaphaAccount Intrusion Scheme. Sue, court order to freeze more than $100,000 of his assetsRead OSB Post
16-06-2016Software Executive and Three Friends.Charged With Insider Trading.Chargeswww.sec.gov/
15-06-2016Hedge Fund Managers and Former Government Official.Charged in Insider Trading Scheme.Seek disgorgement of ill-gotten gains plus interest and penalties and permanent injunctions.Read OSB Post
08-06-2016Ethiopia’s Electric UtilitySold Unregistered Bonds in U.S.Nearly $6.5 million.www.sec.gov/
08-06-2016Morgan StanleyFailed to Safeguard Customer Data.$1 million. Read OSB Post
03-06-2016Michael J. Maciocio and David P. Hobson.Insider Trading.Charges. 9 of the 11 have agreed to settle charges, must pay penalty and permantly barred.www.sec.gov/
02-06-2016Haena ParkCharged with defrauding investors.Charges seeking a permanent injunction, return of gains and penalties.Read OSB Post
02-06-2016Richard W. Davis Jr.Charged with defrauding investors.Agreed to a settlement subject to court approval at a later date.www.sec.gov/
31-05-2016Jaswant Gill and Javier Rios.Charged with operating a Ponzi scheme.Asset freeze and charges.www.sec.gov/
31-05-2016First Mortgage Corporation and its executives.Settles Charges of defraud investors.$12.7 million to settle charges.Read OSB Post
31-05-2016Steven McClatchey and Gary Pusey.Insider TradingChargeswww.sec.gov/
13-05-2016Jay Mac Rust and Christopher K. Brenner.For Defrauding Escrow Clients.Fraud charges.www.sec.gov/
12-05-2016Imran Husain and Gregg Evan Jaclin.Allegedly were creating sham companies and selling them.Fraud charges.www.sec.gov/
06-05-2016Louis Martin Blazer IIIDefrauded Pro Athletes and Lied to SEC Examiners.Fraud charges.www.sec.gov/
04-05-2016James R. Trolice and Lee P. Vaccaro.Pocketing Investor Money.Chargeswww.sec.gov/
03-05-201610 individualsInvolved in schemes to trick investors. Fraud charges.Read OSB Post
02-05-2016Peter D. NunanSettle charges that he traded on inside information.More than a half-million dollars.www.sec.gov/
07-04-2016Las Vegas Sands Corp.Violated the Foreign Corrupt Practices Act.Agreed to pay a $9 million.www.sec.gov/
28-03-2016Andrew W.W. CaspersenDefrauded two institutions.Chargeswww.sec.gov/
15-03-2016Mark A. JonesOperating a Ponzi scheme.Charges, court order to freeze Jones’s assets and an order to repatriate investor funds.www.sec.gov/
14-03-2016Cary Lee PetersonMade bogus claims in the company’s public filings.Chargeswww.sec.gov/
10-03-2016Aequitas Management LLC and three top executives.Defrauding Investors.Charges, seeks permanent injunctions, disgorgement, monetary penalties and bars prohibitions.www.sec.gov/
09-03-2016Uni-Pixel Inc. Misled Investors.$750,000www.sec.gov/
08-03-2016Steven ZoernackAccused of Hiding Criminal Past.Fraud charges.www.sec.gov/
07-03-2016Rhode Island Agency and Wells Fargo.Defrauding investors.ChargedRead OSB Post
01-03-2016QualcommFCPA Violations.Agreed to pay $7.5 million.www.sec.gov/
18-02-2016VimpelCom LtdFCPA Violations.To pay more than $795 million.www.sec.gov/
17-02-2016Charles P. GromIssued Stock Rating Inconsistent With Personal View.Agreed to pay a $100,000 penalty.Read OSB Post
16-02-2016Two Chinese subsidiaries of PTC Inc.Bribed Chinese Officials.Agree to pay more than $28 million. www.sec.gov/
11-02-2016Gregory RuehleFraudulently selling purported stock.Charges seeks a permanent injunction, disgorgement, prejudgment interest and penalties.www.sec.gov/
09-02-2016Monsanto CompanyAccounting Violations. $80 million penalty.www.sec.gov/
05-02-2016Dennis Wayne HamiltonInsider Trading.Chargeswww.sec.gov/
04-02-2016E.S. Financial Services, now named Brickell Global MarketsBroke Anti-Money Laundering Protocols.$1 millionRead OSB Post
03-02-2016American Growth Funding II LLC and Ralph Johnson.Repeatedly lying to investors purchasing high-yield securities.Fraud charges.Read OSB Post
01-02-2016SAP SEViolated the Foreign Corrupt Practices Act (FCPA).Agreed to give up $3.7 million.www.sec.gov/
31-01-2016Barclays and Credit Suisse.Dark Pool Violations.Collectively Paying More Than $150 Million.Read OSB Post
28-01-2016QED Benchmark Management LLC and Peter Kuperman.Misled investors.Agree to Reimburse Investor Losses.www.sec.gov/
20-01-2016Ocwen Financial Corp.Misstated Financial Results.$2 million penalty.www.sec.gov/
19-01-2016Equinox Fund Management LLCOvercharged management fees and misled investors.Agreed to refund investors and to pay a penalty.Read OSB Post
14-01-2016Goldman, Sachs & Co.Improper Securities Lending Practices.$15 million to settle charges.Read OSB Post
14-01-2016State Street Bank and Trust CompanyPay-to-Play Scheme.Agreed to pay $12 million to settle charges.www.sec.gov/
13-01-201611 Bank Officers and Directors.FraudCharges. 9 of the 11 have agreed to settle charges, must pay penalty and permantly barred.Read OSB Post
08-01-2016Steven A. CohenSettle charges for failing to supervise a former portfolio manager who engaged in insider trading while employed at his firm.Barred From Supervisory Hedge Fund Role.Read OSB Post
06-01-2016J.P. Morgan Securities LLCMisled Customers on Broker Compensation.Agreed to pay $4 million to settle charges.Read OSB Post
28-12-2015Zhichen Zhou and Yannan LiuTo settle an insider trading case against them.Agreed to pay more than $920,000 for settlement.Read OSB Post
22-12-2015Morgan Stanley Investment Management One of its portfolio managers unlawfully conducted prearranged trading known as “parking”.$8.8 million for charges settlement.Read OSB Post
21-12-2015Donald Toomer Jr.Market Manipulation Case.Fraud charges.www.sec.gov/
18-12-2015J.P. Morgan Securities LLC and JPMorgan Chase Bank N.A.For Disclosure Failures.$267 MillionRead OSB Post
17-12-2015Martin ShkreliCommitting fraud when he was working as a hedge fund manager.Fraud Charges.www.sec.gov/
16-12-2015Owen Li and Canarsie Capital LLC.Lied to Investors.Canarsie Capital is censured and Li is barred.www.sec.gov/
15-12-2015Atlantic Asset Management LLCPlaced its own financial interests ahead of client interests.Fraud Charges.www.sec.gov/
15-12-2015Samuel DelPresto (correct only the name)Multi-Million Dollar Market ManipulationFiled Charges.Read OSB Post
07-12-2015Hui Feng and the Law Offices of Feng & Associates.Acted as unregistered brokers and defrauded clients.Monetary penalties and cease and desist from acting as unregistered brokers.www.sec.gov/
02-12-2015Grant Thornton LLP and two of its partners.Ignored red flags and fraud risks. Approximately $1.5 million in audit fees and interest plus pay a $3 million penalty. Read OSB Post
30-11-2015Standard Bank PlcFailing to disclose certain payments.$4.2 million penalty.Read OSB Post
19-11-2015Lin Zhong and EB5 Asset Manager LLC.Alleged Immigration Scam.Obtained a court order freezing their assets.www.sec.gov/
16-11-2015Virtus Investment AdvisersMisled mutual fund investors and others.Agreed to pay $16.5 million.www.sec.gov/
05-11-2015James Alan CraigFalse Tweets sent two stocks reeling in market manipulation.Charges seek a permanent injunction.www.sec.gov/
28-10-2015Hal Tunick and Patrick Burke.Played favorites to double their commissions.$125,000 and $50,000 respectively, be barred from the securities industry. Burke has a right to reapply after five years.Read OSB Post
19-10-2015Michael DonnellyAdmits He Stole Money From Investors.1.9 million and prejudgment interest of $365,723 and permanently barred from the securities industry.www.sec.gov/
19-10-2015Two UBS Advisory Firms.Failure to Disclose Change in Investment Strategy.$17.5 millionRead OSB Post
14-10-2015Six firms.Short Selling Violations in Advance of Stock Offerings.More than $2.5 million.www.sec.gov/
13-10-2015UBS AGMade false or misleading statements and omissions.$19.5 MillionRead OSB Post
10-10-2015Five accountants and two audit firms.Bad Auditing.Suspended and collectively to pay a total of more than $100,000 to settle the SEC’s charges.www.sec.gov/
08-10-2015Wolverine Trading LLC and Wolverine Asset Management LLC.Failed to prevent the misuse of material nonpublic information. Affiliates to pay penalties of $375,000 each and Wolverine Asset Management will pay disgorgement of $403,304.27. www.sec.gov/
08-10-2015Briargate Trading LLP and Eric Oscher.Manipulative Trading.Agreed to pay more than $1 million.www.sec.gov/
07-10-2015BlackstoneDisclosure Failures.Pay Nearly $39 Million Settlement.Read OSB Post
05-10-2015Home Loan Servicing Solutions Ltd.Misstatements and Inadequate Internal Controls.Agreed to pay a $1.5 million penalty and cease and desist from other violations.www.sec.gov/
05-10-2015Bristol-Myers SquibbFCPA Violations.Pay more than $14 million for settlement and reaped more than $11 million in profits.www.sec.gov/
01-10-2015Steve Chen and 13 California-based entities.Worldwide pyramid scheme.Fraud charges and asset freezes.Read OSB Post
01-10-2015Grant Thornton India LLP and Grant Thornton Audit Pty Limited.Violating Auditor Independence Rules.GT India agreed to pay $187,882 GT Audit agreed to pay disgorgement of $177,203.Read OSB Post
30-09-2015David P. Godwin and Anthony G. RothDefrauding Investors in Financial Fraud Scheme.The two individuals charged and ContinuityX agreed to a revokation. www.sec.gov/
30-09-2015Focus Media Holding Limited and Jason Jiang.Inaccurate Disclosures.$55.6 million settlement.www.sec.gov/
30-09-2015Latour Trading LLCMarket Structure Rule Violations.Pay More Than $8 Million.www.sec.gov/
29-09-2015UBS Puerto Rico and Two Individuals.Failing to supervise a former broker.Agreed to pay $15 million and the former branch officer agreed to pay a $25,000.www.sec.gov/
28-09-2015Trinity Capital Corporation and Los Alamos National Bank.Accounting Fraud.Agreed to pay $1.5 million.www.sec.gov/
28-09-2015Credit Suisse Securities (USA) LLCSubmited deficient information to the agency.$4.25 Million and Provide Deficient “Blue Sheet” Trading Data.Read OSB Post
28-09-2015Five persons including two lawyers and an accountant.Insider Trading.Collectively agreed to pay approximately $489,000.www.sec.gov/
28-09-2015Hitachi LtdViolating the Foreign Corrupt Practices Act.Agreed to pay $19 million.www.sec.gov/
24-09-2015Michael A. Glickstein and G Asset Management LLC.Manipulative Press Release.Settlement to returnn $175,000, pay $100,000 and be barred from the securities industry for a minimum of five years.www.sec.gov/
23-09-2015William B. Fretz, Jr. and John “Jack” P. Freeman.Defrauding Friends And Family In Private Equity Fund.Settlement that they will owe approximately $6.8 million to the SEC.www.sec.gov/
22-09-2015R.T. Jones Capital Equities Management Failed to adopt proper Cybersecurity Policies and procedures prior to a Breach.Agreed to be censured and pay a $75,000 penalty.www.sec.gov/
21-09-2015Frank Morelli III and Louis Buonocore.They were behind a scheme that defrauded investors.Charged with partial settlements that are subject to court approval.www.sec.gov/
21-09-2015First Eagle Investment Management and its Distributors.Improperly Using Mutual Fund Assets to Pay Distribution Fees.Nearly $40 million.www.sec.gov/
17-09-2015Terry L. JohnsonPerformed deficient and fraudulent audits and quarterly reviews.Suspended him from appearing or practicing before the Commission, ordered to disgorge his audit fees and $50,000 penalty.www.sec.gov/
17-09-2015Four former officials of Penson Financial ServicesAccounting and disclosure failures.Agreed to pay respectively $100,000, $25,000, $25,000, $25,000 penalty. Suspensions from securities industry for three of them.www.sec.gov/
14-09-2015Jaspen Capital Partners Limited and CEO Andriy Supranonok.Profited on Hacked News Releases.$30 millionRead OSB Post
10-09-2015Benjamin Wey, New York Global Group his family members and business associates.Cross-Border Scheme to Secretly Control and Manipulate Stock of Chinese Companies.Fraud Charges.www.sec.gov/
09-09-2015Paul Ricky Mata, David Kayatta, and Mario Pincheira.Accused of Stealing Investor Money.Seeking financial penalties.www.sec.gov/
09-09-2015BDO and Five Partners.Issued False and Misleading Audit Opinions.Pay $600,000 disgorgement, $1.5 million penalty, complying with undertakings related to its quality controls and the five partners also agreed to settle the charges against them.Read OSB Post
08-09-2015Ross Shapiro, Michael Gramins and Tyler Peters. Defrauding Investors.Defer charges.Read OSB Post
08-09-2015Bankrate Inc., Edward DiMaria, Matthew Gamsey and Hyunjin Lerner.Accounting Fraud.$15 million and Lerner agreed to pay more than $180,000.www.sec.gov/
04-09-2015Chris Yoo, Summit Asset Strategies Investment Management and Summit Asset Strategies Wealth Management.Taking Unearned Management Fees.All agreed to pay a total fine of more than $1.300.000 and Yoo agreed to be barred from the securities industry.Read OSB Post
02-09-2015Taberna Capital Management Fraud for Improperly Retaining Fees.Pay more than $21 million.www.sec.gov/
02-09-2015James M. Louks and FiberPoP Solutions Inc.Allegations for defrauding investors.Following SEC Complain, Court issued an order barring Louks and FiberPoP raising more investor funds while the SEC’s case is ongoing.www.sec.gov/
25-08-2015Ashish Aggarwal, Shahriyar Bolandian and Kevan Sadigh.Insider Trading in Advance of Client Deals.Seeks a final judgment for their penalty fine.Read OSB Post
25-08-2015Lobsang Dargey and his “Path America” companies.Defrauding Chinese investors seeking U.S. residency.Asset Freeze.Read OSB Post
19-08-2015Citigroup Global MarketsCompliance and Surveillance Failures.$15 millionRead OSB Post
18-08-2015BNY MellonViolated the Foreign Corrupt Practices Act.$14.8 millionRead OSB Post
17-08-2015CItigroup Global Markets Inc. and Citigroup Alternative Investments LLC.Defrauded investors in two hedge funds.$180 MillionRead OSB Post
13-08-2015James R. Glover, Sherman T. Hill and Cory D. Williams.Defrauded Investors.Settle Charges.www.sec.gov/
13-08-2015Edward JonesOvercharging Retail Customers in Municipal Bond Underwritings.$20 MillionRead OSB Post
12-08-2015ITG Inc. and AlterNet Securities.Operated a secret trading desk and misused the confidential trading information of dark pool subscribers.$20.3 millionRead OSB Post
11-08-201532 defendantsTook part in a scheme to profit from stolen nonpublic information.SEC seeks a final judgment ordering the defendants to pay penalties.Read OSB Post
10-08-2015Guggenheim Partners Investment Management LLCBreached its fiduciary duty by fail to Disclose Conflict to Clients.$20 millionwww.sec.gov/
03-08-2015Frederick Alan VoightOperating a million Ponzi scheme that defrauded investors.Asset freezes and other emergency relief, and to pay civil penalties and return allegedly ill-gotten gains with interest in amounts to be set later by the court.www.sec.gov/
23-07-2015Scott A. Eisler, Arthur W. Lewis, and Robert Okin.Involved in Unregistered Sales of Penny Stocks.$50,000, $50,000 and $125,000 respectiively and all be barred from engaging in in sectors of securities industry.www.sec.gov/
21-07-2015Joshua Samuel Aaron, Gery Shalon and Zvi Orenstein.Defrauding investors.SEC is seeking to bar them from the penny stock business and obtain their ill-gotten gains plus interest and financial penalties.www.sec.gov/
16-07-2015Paul Lee Moore and Coast Capital Management.Steal Client Funds and Conducting a Ponzi SchemeSEC seeks a permanent injunction, return of allegedly ill-gotten gains plus prejudgment interest and a penalty.Read OSB Post
14-07-2015OZ Management LPProvided inaccurate trade data to brokers.$4.25 millionRead OSB Post
06-07-2015Bingqing Yang and Luca International Groupwww.sec.gov/
02-07-2015DFRF Enterprises and its operatorsOperating a Ponzi and pyramid scheme. All defendants violated the antifraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and registration provisions Section 5(a) and 5(c) of the Securities Act.Fraud chargeswww.sec.gov/
01-07-2015Deloitte & Touche LLPViolating Auditor Independence RulesMore than $1 millionwww.sec.gov/
01-07-2015Malcolm SegalConducting a Ponzi scheme and stealing investor money.www.sec.gov/
01-07-2015AlphaBridge Capital Management, its owners Thomas T. Kutzen and Michael J. Carino and Richard L. Evans, a broker-dealer representative. Conducting Fraudulent Fund Valuation Scheme$5 million combined and Richard L. Evans to pay a $15,000 penalty and be barred from working in the securities industry for at least one year. www.sec.gov/
30-06-2015Goldman, Sachs & Co.Violating the market access rule in connection with a trading incident that resulted in erroneous executions of options contracts.$7 millionwww.sec.gov/
29-06-2015Welhouse & Associates Inc. and its owner Mark P. WelhouseImproperly allocating to his personal and business accounts certain options trades that appreciated in value during the course of a trading day while allocating to his clients other trades that depreciated in value.Fraud Chargeswww.sec.gov/
29-06-2015Kohlberg Kravis Roberts & Co. (KKR)Misallocating Broken Deal ExpensesTo pay nearly $30 million to settle the charges, including a $10 million penalty.www.sec.gov/
23-06-2015Gregg R. MulhollandIllegally Selling Penny Stock Shareswww.sec.gov/
23-06-2015Haijian LuoSuspicious Trading Activity SEC Obtains an emergency court order to freeze his Assetswww.sec.gov/
23-06-2015Ireeco LLC and its successor Ireeco LimitedUnregistered Brokers in EB-5 Immigrant Investor ProgramAgreed to be censured and to cease and desist from committing or causing similar violations in the future. They also agreed to administrative proceedings to determine whether they should be ordered to return their allegedly ill-gotten gains, pay penalties, or both based on their violations.www.sec.gov/
18-06-2015Norstra Energy and its CEO Glen Landry Defrauding InvestorsFraud Charges and seeks final judgments ordering permanent injunctions, return of allegedly ill-gotten gains with interest, and financial penalties. The SEC also seeks to bar Landry from serving as an officer or director of a public company or participating in a penny stock offering. www.sec.gov/
18-06-2015www.sec.gov/
17-06-2015Commonwealth Capital Management and the firm’s majority owner John Pasco III www.sec.gov/
17-06-2015Sand Hill ExchangeIllegal Offering of Security-Based Swaps$20,000www.sec.gov/
17-06-2015Interinvest Corporation and its owner and president Hans Peter BlackFraudulently Funneling Client Assets to Companies in Owner’s InterestRepay allegedly ill-gotten gains with interest and penalties.www.sec.gov/
16-06-2015Equity Trust Company, Ephren Taylor and Randy PoulsonAlleges that Taylor and Poulson defrauded more than 100 investors out of $5 million invested through accounts at Equity Trust, and that Equity Trust was a cause of violations of Section 17(a) of the Securities Act of 1933 by Taylor and Poulson. The matter will be scheduled for a public hearing before an administrative law judge for proceedings to adjudicate the Enforcement Division’s allegations and determine what, if any, remedial actions are appropriate.www.sec.gov/
15-06-2015SFX Financial Advisory Management Enterprises, its former president Brian J. Ourand and its CCO Eugene S. MasonBrian J. Ourand misused his discretionary authority and control over the accounts of several clients to steal approximately $670,000 over a five-year period.The matter will be scheduled for a public hearing before an administrative law judge for proceedings to adjudicate the Enforcement Division’s allegations and determine what, if any, remedial actions are appropriate. SFX and Mason agreed to pay penalties of $150,000 and $25,000 respectively.www.sec.gov/
15-06-2015Helmut AnscheringerInsider Trading ChargesPay disgorgement of $1,820,024, prejudgment interest of $121,732, and a penalty of $910,012 for a total of $2,851,768.www.sec.gov/
10-06-2015Nicholas Lattanzio, Black Diamond Capital Appreciation Fund, and three other Lattanzio-controlled entitiesTheft of Money Invested by Small BusinessesCriminal chargeswww.sec.gov/
09-06-2015Michael J. Fefferman, Michael J. Fefferman, Akis C. EracleousInsider Trading on Nonpublic Informationwww.sec.gov/
09-06-2015Andrew L. EvansShort Selling ViolationsSettlement, which is subject to court approval, requires Evans to pay disgorgement of $582,175, prejudgment interest of $63,424, and a penalty of $364,389 for a total of $1,009,988. www.sec.gov/
05-06-2015Accounting Fraudwww.sec.gov/
04-06-2015Review againwww.sec.gov/
03-06-2015Steven Fishoff, Steven Costantin, Ronald Chernin, Paul PetrelloInsider Tradingwww.sec.gov/
01-06-2015Phil Donnahue WilliamsonDefrauding investorsLiable for $748,050.01 in disgorgementwww.sec.gov/
01-06-2015Merrill LynchUsed inaccurate data in the course of executing short sale orders$9 million penalty, $1,566,245.67 in disgorgement, and $334,564.65 in prejudgment interest.www.sec.gov/
28-05-2015Mike Taxon and Itamar CohenConducted Market Manipulation SchemesMonetary sanctions to be determined by the court at a later date. Bar from participating in penny stock offerings.www.sec.gov/
28-05-2015William Quigley, Compliance Director Defrauding Investors and Stealing Brokerage Firm Assetswww.sec.gov/
26-05-2015Adam S. Gottbetter , NY lawyer and Mitchell G. Adam and K. David Stevenson Used his office as the headquarters for planning and implementing market manipulation schemes and the other two stock promoters who helped himFraud charges for violating Sections 5(a), 5(c) and Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5.www.sec.gov/
26-05-2015Deutsche Bank AGFiled misstated financial reports during$55 million penalty Read OSB Post
21-05-2015Gray Financial Group,Laurence O. Gray and Robert C. Hubbard IVSold unsuitable investments to pension fundsFraud charges for violating Section 17(a) of the Securities Act of 1933, Section 10(b) of the Exchange Act of 1934 as well as Rule 10b-5, and Sections 206(1), 206(2) and 206(4) of the Investment Advisers Act of 1940 as well as Rule 206(4)-8, and also Section 17(a)(1) and (3) of the Securities Act, Section 10(b) of the Exchange Act, and Rule 10b-5(a) and (c)www.sec.gov/
20-05-2015Arjent LLC, Arjent LimitedMisrepresented to investors the value of assets and how their money would be used to a Company which they sold shares Fraud charges for violating the antifraud and books-and-records provisions of the federal securities lawsRead OSB Post
20-05-2015BHP BillitonViolated the Foreign Corrupt Practices Act (FCPA) $25 million penalty www.sec.gov/
14-05-2015Sean R. Stewart, Robert K. Stewart Insider trading scheme Charges for violations of the antifraud provisions of the federal securities lawswww.sec.gov/
14-05-2015Nationwide Life Insurance CompanyViolations in pricing rules $8 million penaltywww.sec.gov/
12-05-2015ITT Educational Services Inc ,Kevin Modany,Daniel Fitzpatrick reviewFalsy claiming performance of student loans that ITT financially guaranteedFraud chargeswww.sec.gov/
11-05-2015Novers Financial and ICAN Investment Group LLC,Speers Financial Group LLCThe first one made false claims to investors in life settelements and the other two for acting as unregistered broker-dealersInjunctive relief, return of allegedly ill-gotten gains with interest, and financial penaltieswww.sec.gov/
06-05-2015Four former officers of Wilmington Trust Intentionally understating past due bank loansFraud charges for violating the antifraud, reporting, recordkeeping, and internal control provisions of the federal securities lawswww.sec.gov/
29-04-2015Santa Barbara, Calif.-based hedge fund advisory firm, two executives and audit advisorExecutives for imporper allocations of fund assets and the auditor for misleading financial statementsExecutives:$698,450, Auditor:$75,000 www.sec.gov/
22-04-2015W2007 Grace Acquisition I Inc.Failed to make required public filings$640,000www.sec.gov/
20-04-2015BlackRock Advisors LLCFailed to disclose a conclift of interest to client and fund boards$12 million penaltywww.sec.gov/
16-04-201510 IndividualsOffered and sold penny stock in undisclosed "blank check" companiesFraud charges for:violating the antifraud, reporting, recordkeeping, and internal control provisions of the federal securities laws and laws which prohibit registration and sale of stock in blank , still in progresscheck companieswww.sec.gov/
16-04-2015New York-Based Financial AdvisorStole $20 Million from customersFraud charges for violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 as well as Sections 206(1) and 206(2) of the Investment Advisers Act of 1940,still in progresswww.sec.gov/
14-04-2015Leroy Brown Jr.,Investment fraud, reviewFalsely guaranteed investors Financial penalties and disgorgement of ill-gotten gains, permanent injunctive relief, freeze of assetswww.sec.gov/
09-04-2015Katsuichi Fusamae,Accounting Executive Officer at Molex Japan Co. Trading losses and manipulated accounting recordsFraud charges for violating Section 13(a), 13(b)(2)(A), and 13(b)(2)(B) of the Exchange Act and Rules 12b-20, 13a-1, and 13a-13, sections 10(b) and 13(b)(5) of the Securities Exchange Act of 1934 and Rules 10b-5 and 13b2-1www.sec.gov/
09-04-2015Dean A. Esposito of Boca Raton, Fla., Joseph DeVito of Brooklyn, N.Y., and Frederick Birks of Orlando, Fla brokers hired by eCareer Holdings, Inc Tried to conceal from investors that they have been barred from the industry, sold unregistered stock sharesFraud charges and asset freeze for violating Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933 as well as Section 10(b) of the Securities Exchange Act of 1934 along with Rule 10b-5 and Section 13(a) of the Exchange Act and Rules 12b-20, 13a-1, and 13a-13www.sec.gov/
08-04-2015Reviewwww.sec.gov/
07-04-2015Pacific West Capital Group Inc., Andrew B. Calhoun IV Fraud in the sales of life settelementsCharges for violating the antifraud, securities registration, and broker-dealer registration provisions of the federal securities lawswww.sec.gov/
07-04-2015Reviewwww.sec.gov/
02-04-2015Amit Kanodia and Iftikar AhmedIllegally profited from insider trading on news of a proposed acquisition of Cooper Tire and Rubber Company by Apollo Tyres Ltd.Charges for violating federal anti-fraud laws www.sec.gov/
01-04-2015Timothy ScronceDefrauded a publicly-traded telecommunications company and its shareholders during and after its acquisition of his businessCharges for violated the anti-fraud, books and records, and internal controls provisions of the Securities Exchange Act of 1934www.sec.gov/
01-04-2015KBR Inc.Violated whistleblower protection Rule 21F-17 enacted under the Dodd-Frank Act $130,000 penaltywww.sec.gov/
31-03-2015 Polycom IncUsed corporate funds for personal perks that were not disclosed to investors$750,000 www.sec.gov/
30-03-2015Lynn Tilton and Patriarch Partners firmsHided poor performance of loan assets in three collateralized loan obligation (CLO) fundsCharges for violatios of Sections 206(1), 206(2), and 206(4) of the Investment Advisers Act of 1940 and Rule 206-4(8)www.sec.gov/
27-03-2015Macquarie Capital (USA) Inc.False information regarding Company's offering material$15 million www.sec.gov/
26-03-2015AGS Capital Group,Banes Capital Management,Big Star Capital,Esso Ventures,Etek Investment Management,Finmark Resources,Parker Paschal & Company,PMK Capital Management,RLJ Fixed Income,Joseph Michael Araiz Bought and sold securities of behalf of unregistered trading firm $500,000 penalty, each corporate participant agreed to pay a $50,000 penalty, and each individual participant agreed to pay a $5,000 penaltywww.sec.gov/
13-03-2015Berjaya Lottery Management (H.K.) Ltd.,Ciabattoni Living Trust; SMP Investments I, LLC; Anthony J. Ciabattoni; Jane G. Ciabattoni; William A. Houlihan; and Brian Potiker;Shuipan LinFailed to update their stock ownership disclosures to reflect material changesBerjaya Lottery Management (H.K.) Ltd.:$75,000 penalty, Ciabattoni Living Trust and the Ciabattonis:$75,000 penalty, SMP Investments I, LLC:$63,750 penalty,Houlihan:$15,000 penalty, Shuipan Lin:$30,000 penaltywww.sec.gov/
04-03-2015H.D. Vest Investment SecuritiesFor violations on key customer protection rules $225,000 penaltywww.sec.gov/
02-03-2015Suspends 128 Dormant Shell Companies Not to become don’t become a source for pump-and-dump schemes- Operation Shell-Expelwww.sec.gov/
27-02-2015Gregory W. Gray Jr. and firms Archipel Capital LLC and BIM Management LP Fraudulently using money from three investment funds, Ponzi-like schemeCharges for violations on Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5, and Sections 206(1), 206(2), and 206(4) of the Investment Advisers Act of 1940 and Rule 206(4)-8www.sec.gov/
24-02-2015Goodyear Tire & Rubber Company reviewViolations on Foreign Corrupt Practices Act (FCPA)more than $16 millionwww.sec.gov/
19-02-2015Scott Zeringue, Jesse Roberts IIIInsider trading charges for trading securities based on confidential informationCharges for violations of the antifraud provisions of the federal securities laws. www.sec.gov/
19-02-2015VCAP Securities, Brett Thomas GrahamDeceived other market participants while conducting auctions to liquidate collateralized debt obligations (CDOs)nearly $1.5 million, Graham barred, VCAP:pay disgorgement and prejudgment interest of $1,149,599 ,Graham : pay disgorgement and prejudgment interest of $127,733 plus a penalty of $200,000www.sec.gov/
18-02-2015Kristine L. Johnson , Troy A. BarnesPyramid and Ponzi scheme, Manipulated investors with a program which promised them extraordinary returnswww.sec.gov/
13-02-2015Moazzam “Mark” Malik Stole money from his investorsCharges for violating Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933, and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 and Sections 206(1), 206(2) and 206(4) of the Investment Advisers Act of 1940 and Rule 206(4)-8www.sec.gov/
12-02-2015Water Island Capital LLCMaintainedmillions of dollars of funds’ cash collateral at broker-dealer counterparties instead of the funds’ custodial bank $50,000 penaltywww.sec.gov/
11-02-2015Charles L. Hill JrInsider trading in the stoch of a technology by exploiting nonpublic information Charges for violations on Section 14(e) of the Securities Exchange Act of 1934 and Rule 14e-3www.sec.gov/
10-02-2015William Slater, Peter E. Williams IIITheir Silicon Valey software company committed accounting fraudReimburse the company $2.5 million in bonuses and stock profitswww.sec.gov/
10-02-2015Craig S. Lax ,former CEO of ConvergEx Group Admited wrongdoing to settle a case involving employees under his control misleading customers.more than $783,000 www.sec.gov/
06-02-2015Deloitte Touche Tohmatsu Certified Public Accountants Limited, Ernst & Young Hua Ming LLP, KPMG Huazhen (Special General Partnership), and PricewaterhouseCoopers Zhong Tian CPAs Limited CompanyRefused to provide workpapers and related documents in connection with their audit work for nine China-based companies that had securities registered in the U.S$500,000 www.sec.gov/
05-02-2015Broadwind Energy,Cameron Drecoll, Stephanie K. KushnerAccounting and disclosure violationsNearly $700,000 in combined disgorgement and penaltieswww.sec.gov/
05-02-2015John Gray,Christian Keller,Kyle Martin, Aaron Shepard Illegal profits by trading in advance of four corporate news announcements$1.6 million combinedwww.sec.gov/
29-01-2015International Capital Group (ICG) Illigally sold penny stock Shares as unregistered broker-dealer$4.3 millionwww.sec.gov/
27-01-2015Oppenheimer & Co.Improperly selling penny stocks in unregistered offerings.$10 million and additional $10 million to settle a parallel action by FinCEN.Read OSB Post
21-01-2015Elm Tree Investment Advisors LLC, Frederic Elm and Elm Tree Investment Fund LP.Violating anti-fraud provisions.Asset freeze and seeking relief for investors.Read OSB Post
21-01-2015Standard & Poor’sLaw violations involving fraudulent misconduct in its ratings.$58 million plus an additional $19 million to settle parallel cases.Read OSB Post
15-01-2015UBS Securities LLC Disclosure failures and other securities law violations related to the operation and marketing of its dark pool.$2,240,702.50 in disgorgement, $235,686.14 in prejudgment interest and $12 million penalty.Read OSB Post
12-01-2015Direct Edge ExchangesFailing to Properly Describe Order Types.$14 million Read OSB Post
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