Search Results for: AFM
Dutch Authority for the Financial Markets fined a company for market manipulation
July 12th, 2017
The Dutch Authority for the Financial Markets (AFM) has imposed an administrative fine of € 10,000 on the Spanish company Lexon Capital S.L. (Lexon). The fine was imposed because Lexon manipulated the prices of four equity funds that are ...
The Netherlands Financial Markets Regulator Fines International Card Services
June 16th, 2017
The Netherlands Authority for the Financial Markets (AFM) announced that it is fining International Card Services (ICS), a wholly-owned subsidiary of ABN AMRO, for excessive credit limits. In March 2017, ICS took the initiative itself and prepared a compensation ...
Western Union agreed to pay $586m for Anti-Money Laundering Violations
January 20th, 2017
Western Union Admits Anti-Money Laundering and Consumer Fraud Violations, Forfeits $586 Million in Settlement with Justice Department and Federal Trade Commission Company also Agrees to Implement Anti-Fraud Program and Enhanced Compliance Obligations in Agreements with Federal Authorities The Western ...
Investors and brokers unite to make algo-trading more transparent
March 30th, 2016
The Investment Association and the Association for Financial Markets in Europe (AFME) have today paved the way for safer and better executed Algorithmic trading on Europe’s financial markets. Algorithmic trading is a key component of an investor’s ability to ...
What would ‘Brexit’ mean for Europe’s capital markets? Clifford Chance report analyses the legal and regulatory challenges
March 21st, 2016
AFME has today published a report, commissioned from Clifford Chance, which analyses the potential impact of a UK exit from the EU on Europe’s capital markets. The report, entitled “The UK Referendum: Challenges for Europe’s Capital Markets”, was written ...
ASIC sues ANZ for interest rate fixing
March 4th, 2016
ASIC has today commenced legal proceedings in the Federal Court in Melbourne against the Australia and New Zealand Banking Group Limited (ANZ) for unconscionable conduct and market manipulation in relation to the ANZ’s involvement in setting the bank bill ...
Financial Regulators of UK, Holland, Spain and Bulgaria warn for unauthorised investment services firms
February 18th, 2016
The Financial Conduct Authority (FCA) of UK, the Authority for the Financial Markets (AFM) of Holland, the Comisión Nacional del Mercado de Valores (CNMV) of Spain and the Financial Supervision Commission (FSC) of Bulgaria issued warnings to inform investors ...
ASIC bans former director and responsible manager of Macquarie subsidiary
February 16th, 2016
ASIC has banned Mr Timothy Hornibrook of Clovelly, New South Wales, from providing financial services for a period of six years. Mr Hornibrook, formerly a director and responsible manager of Australian financial services licensee, Macquarie Agricultural Funds Management Ltd ...
Investors and brokers agree landmark share-dealing code
August 26th, 2015
The investment industry has taken a major step to improve client returns by agreeing a new code of conduct with brokers to help large share deals complete at the best possible price. The code will help to ensure that ...
Algorithmic Trades May Fall Under FCA’s Conduct Rules
July 9th, 2015
Bankers responsible for the algorithms that power high-speed trading may come under increased scrutiny as the U.K.’s Financial Conduct Authority considers expanding its conduct rules to wholesale market activities. People who manage trading algorithms as well as those who can approve ...
