Regulators News

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U.S financial services firm pay penalty to settle failure

The Securities and Exchange Commission (SEC) announced that Wedbush Securities Inc. will pay a $250,000 penalty and has agreed to be censured to settle its failure to supervise charge ... Read More

UK financial regulator releases updated guidance on EU departure preparations

The Financial Conduct Authority (FCA) has published updated information to help support regulated firms in finalising their preparations for as smooth a transition as possible when the UK leaves ... Read More

ESMA renews Binary Options prohibition

The European Securities and Markets Authority (ESMA) has agreed to renew the prohibition of the marketing, distribution or sale of binary options to retail clients, in effect since 2 ... Read More
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CySEC announced withdrawal of Cyprus Investment Firm authorisation

The Cyprus Securities and Exchange Commission (CySEC) has issued an announcement to inform that has decided to withdraw the authorisation Cyprus Investment Firm. In accordance the announcement, CySEC on its meeting of ... Read More

Brexit – the regulatory challenges

Steven Maijoor, the Chair of the European Securities and Markets Authority (ESMA), delivered a speech on Brexit – the regulatory challenges at the European Financial Forum 2019 in Dublin ... Read More
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Founder of online gaming company charged for defrauding investors

The Securities and Exchange Commission (SEC) charged Robert Alexander with fraudulently raising approximately $9 million from more than 50 individuals by selling investments in Kizzang LLC, a purported online gaming ... Read More

Former precious metals trader for UBS AG fined

The Commodity Futures Trading Commission (CFTC) has issued an announcement to inform that Judge Vanessa Bryant of the U.S. District Court for the District of Connecticut issued a Final ... Read More
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FCA warns public of investment scams as over £197 million reported losses in 2018

The Financial Conduct Authority (FCA) is warning investors to be vigilant to the threat posed by investment scammers, as data from Action Fraud reveals over £197 million1 of reported ... Read More

Cross-border testing pilot for innovative firms open to applications

The Global Financial Innovation Network (GFIN) – a group of 29 international organisations including the Financial Conduct Authority – is inviting applications from firms wishing to test innovative financial ... Read More

Ponzi Scheme ordered to pay $1 billion in penalties

The Securities and Exchange Commission announced that a federal court in Florida ordered Woodbridge Group of Companies LLC and its former owner to pay $1 billion in penalties and ... Read More
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