Search Results for: Securities and Futures Commission
SFC obtains court orders to freeze bank accounts in suspected Pyramid and Ponzi scheme
March 22nd, 2017
The Securities and Futures Commission (SFC) today obtained an interim order from the Court of First Instance to freeze approximately $2.66 million in the bank accounts of Mr Heriberto C. Perez Valdes in connection with a suspected Pyramid and ...
Company and its owner ordered to pay $6.5 Million penalty in Binary Options fraud case
March 22nd, 2017
Federal Court in Florida Orders Neil Pecker and His Company, Vision Financial Partners, LLC, to Pay More than $6.5 Million in Restitution and a Civil Monetary Penalty in CFTC Binary Options Fraud Action Relief Defendants Prometheus Enterprises, Inc. and ...
SFC bans former account executive of HSBC Broking Securities (Asia)
March 20th, 2017
The Securities and Futures Commission (SFC) has banned Mr Philip Leung Ming Yin, a former account executive of HSBC Broking Securities (Asia) Limited (HSBC Securities), from re-entering the industry for six months from 17 March 2017 to 16 September ...
SFC reprimands and fines DBS Vickers (Hong Kong) Limited $2 million
March 16th, 2017
The Securities and Futures Commission (SFC) has reprimanded DBS Vickers (Hong Kong) Limited (DBSVHK) and fined it $2 million for regulatory breaches and internal control failings relating to under-segregation of client money (Note 1). The disciplinary action follows an ...
SFC added Apuro Forex and Apuro Holdings to its Alert list
March 7th, 2017
The Securities and Futures Commission (SFC), Hong Kong financial regulator, has updated its “Alert List” adding Apuro Forex and Apuro Holdings Limited. SFC released the below details for the two unlicensed entities: Apuro Forex Type: Unlicensed entities Address(es): Nil ...
BCSC warns for a Forex and Futures contracts provider
March 2nd, 2017
The British Columbia Securities Commission (BCSC) has issued a warning to inform public and investors about Trade12, owned and operated by Exo Capital Markets Limited and Global Fin Services Ltd. Trade12 claims to be based in Estonia, and offers an online ...
SFC reprimands and fines GMO-Z.com Forex HK Limited $1.6 million
February 9th, 2017
The Securities and Futures Commission (SFC) has reprimanded and fined GMO-Z.com Forex HK Limited (GMOHK) $1.6 million for deficiencies in its order execution and slippage handling procedures, and failures in its electronic trading system for leveraged foreign exchange contracts ...
SFC reprimands and fines North Sea Securities Limited $700,000
January 26th, 2017
The Securities and Futures Commission (SFC) has reprimanded North Sea Securities Limited (North Sea) and fined it $700,000 for failing to put in place proper controls to monitor and supervise employee dealings, in breach of the Code of Conduct ...
J.P. Morgan Securities ordered to pay $900,000
January 12th, 2017
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against J.P. Morgan Securities LLC (JPMS), a Delaware corporation headquartered in New York City, for failing to diligently supervise its officers’, employees’, and agents’ ...
MIS Services reprimanded and fined $3 million
January 3rd, 2017
The Securities and Futures Commission (SFC) has reprimanded and fined MIS Services Limited (formerly known as Standard Chartered Investment Services Limited) (SCIS) $3 million for its failure to comply with regulatory requirements under the SFC Code on MPF Products ...
