Search Results for: Securities and Exchange Commission
SEC charges Ripple and two executives
December 30th, 2020
The Securities and Exchange Commission announced that it has filed an action against Ripple Labs Inc. and two of its executives, who are also significant security holders, alleging that they raised over $1.3 billion through an unregistered, ongoing digital ...
J.P. Morgan Securities admits to manipulative trading in U.S. Treasuries
September 30th, 2020
The Securities and Exchange Commission announced charges against J.P. Morgan Securities LLC, a broker-dealer subsidiary of JPMorgan Chase & Co., for fraudulently engaging in manipulative trading of U.S. Treasury securities. J.P. Morgan Securities admitted the findings in the SEC’s ...
Individuals and companies charged in $165 million global Binary Options fraud scheme
September 4th, 2020
The Commodity Futures Trading Commission (CFTC) announced on 02 September, 2020 the filing of a civil enforcement action in the U.S. District Court for the Western District of Texas charging six individuals and four companies with operating a fraudulent ...
Interactive Brokers LLC to pay more than $12 million for AML and Supervision violations
August 17th, 2020
The Commodity Futures Trading Commission (CFTC) filed and simultaneously settled charges against Interactive Brokers LLC, a registered futures commission merchant (FCM), for failing to diligently supervise its officers’, employees’, and agents’ handling of several commodity trading accounts and failing ...
CySEC: Cyprus Investment Firm license withdrawal and temporary ban against members of its BoD
June 18th, 2020
The Cyprus Securities and Exchange Commission (‘CySEC’) has issued today an announcement to inform that has decided to wholly withdraw the authorisation of a Cyprus Investment Firm (CIF) and to impose a temporary ban against members of its BoD. ...
Individual and Company ordered to pay $755,000 for Binary Options fraud
June 18th, 2020
The Commodity Futures Trading Commission (CFTC) has issued an announcement to inform that the U.S. District Court for the Northern District of Alabama issued an order granting a permanent injunction against Aaron B. Butler, a former resident of Muscle Shoals, Alabama, ...
Fondex expands its global presence by acquiring FSA Seychelles license
June 9th, 2020
Multi-award winning Forex and CFD broker, Fondex, announces the opening of a new entity, Fondex Limited, along with the acquisition of a new license by the Seychelles Financial Services Authority (FSA SC). Established in 2017, and acquiring its CySEC ...
Charges in international Binary Options and Digital Asset fraud scheme
May 25th, 2020
The Commodity Futures Trading Commission (CFTC) has issued an announcement early in May to inform about the filing of a multi-million dollar fraud action in the U.S. District Court for the Southern District of Florida, charging three individuals and three companies with ...
Administrative fine and ban for executive directors of PFX Financial Professional; CySEC’s announcement
May 13th, 2020
The Cyprus Securities and Exchange Commission (CySEC) has issued today a press release to announce its final decision regarding executive directors of PFX Financial Professional. The CySEC’s Press Release says: The Cyprus Securities and Exchange Commission (“CySEC”) today announces that ...
Fondex continues business as usual and announces swap-free trading conditions on indices to assist long-term investors
March 26th, 2020
In light of the current outbreak of the coronavirus disease 2019 (COVID-19), and given the markets’ high volatility over this challenging period, Fondex reassures its clients that they can continue to trade under the same conditions experienced so far, ...
