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Regulatory Sanctions

ASIC_regulator

ASIC imposes licence condition on OpenMarkets Australia Limited

13/12/2016(0)
ASIC has imposed additional conditions on the Australian financial services licence of OpenMarkets Australia Limited (OpenMarkets). This action follows surveillance activities which identified concerns in OpenMarkets’: arrangements for identifying ... Read More
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Two traders charged in $26 Million Stock Manipulation Scheme

13/12/2016(0)
SEC Files Charges in $26 Million Stock Manipulation Scheme The Securities and Exchange Commission today charged two New Jersey-based traders with manipulating more than 2,000 NYSE- and NASDAQ-traded stocks ... Read More
finra1

FINRA fined Credit Suisse Securities USA $16.5 million for AML and other violations

06/12/2016(0)
The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Credit Suisse Securities (USA) LLC $16.5 million for anti-money laundering (AML), supervision and other violations. FINRA found ... Read More
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AFM fines financial consultancy firm for €2,000 per business day

01/12/2016(0)
On 9 November 2016, the Netherlands Authority for the Financial Markets (AFM) imposed an order for incremental penalty payments of €2,000 per business day on Alfred Sturz, trading under ... Read More
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Former CBOE Member to pay $21.8 Million in a Ponzi Scheme

01/12/2016(0)
CFTC Obtains $21.8 Million Default Judgment against Former CBOE Member Alvin Guy Wilkinson and his Connecticut-based Firms for Misappropriation of Customer Funds and Fraudulent Solicitation in Ponzi Scheme The ... Read More
CySEC

CySec suspends the license of a Cyprus Investment Firm

24/11/2016(0)
The Cyprus Securities and Exchange Commission (‘CySEC’) announces that the authorisation of the Cyprus Investment Firm ‘PFX Financial Professionals Ltd’ (‘the Company’), with number 193/13, is suspended, pursuant to ... Read More
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FINRA fines investment firm for $3.4 Million

23/11/2016(0)
FINRA Sanctions Oppenheimer & Co. $3.4 Million for Reporting Violations, Failing to Comply With Discovery Obligations in Arbitrations, and Other Supervisory Failures The Financial Industry Regulatory Authority (FINRA) announced ... Read More
ASIC_regulator

Financial adviser banned for price manipulation of MINI warrants issued by Credit Suisse

10/11/2016(0)
On 8 September 2016, ASIC banned Michael Spencer, formerly a financial adviser, from providing financial services for three years. ASIC found that Mr Spencer engaged in manipulation of the ... Read More
ASIC_regulator

Cash Converters to pay over $12M following ASIC probe

09/11/2016(0)
Following an ASIC investigation, payday lender Cash Converters will refund $10.8 million to consumers who received small amount loans under approximately 118,000 small amount credit contracts. Cash Converters has ... Read More
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Central Bank of Cyprus fined Privatbank €1.535.000 for AML Law violations

02/11/2016(0)
The Central Bank of Cyprus (CBC) has issued an announcement to inform for the imposition of fine on Public Joint-Stock Company Commercial Bank “Privatbank” (Cyprus branch). According the CBC’s ... Read More
Broker Cyprus TopFX