Tag: fines

  • Estonian c-bank fines Bigbank AS

    Eesti Pank, the central financial institution of the Republic of Estonia, right now issued a discover to Bigbank AS relating to a violation of the obligatory reserve requirement and imposed a effective of 10,430.53 euros. In line with the discover, the common stability of Bigbank AS’s reserve account throughout the holding interval from 01.11.2023 to…

  • CME fines Eagle Seven for alleged violations of NYMEX guidelines

    Worldwide derivatives market CME Group has posted a discover of disciplinary motion as to Eagle Seven LLC. Pursuant to a proposal of settlement during which Eagle Seven LLC neither admitted nor denied any rule violations or factual allegations,a Panel of the NYMEX Enterprise Conduct Committee discovered that on commerce date February 18, 2022, Eagle Seven…

  • FINRA fines Elevation for alleged violations of guidelines prohibiting fraudulent buying and selling

    Elevation LLC has agreed to pay a superb of $75,000 as part of a settlement with the Monetary Business Regulatory Authority (FINRA). From January 2016 by April 2022, Elevation’s supervisory system, together with its written supervisory procedures (WSPs), was not moderately designed to detect potential fraudulent buying and selling, together with spoofing, layering, and wash…

  • CME fines Deutsche Financial institution AG London Department

    Worldwide derivatives market CME Group has posted a discover of disciplinary motion towards Deutsche Financial institution AG London Department (DBAG London). Pursuant to a proposal of settlement through which DBAG London neither admitted nor denied any rule violation, a Panel of the Chicago Mercantile Alternate (CME) Enterprise Conduct Committee discovered that on June 8 and…

  • FCA fines three cash switch corporations for fixing costs charged to shoppers in Glasgow

    The UK Monetary Conduct Authority (FCA) immediately imposed fines on three cash switch corporations after they admitted to fixing costs charged to shoppers in Glasgow. Greenback East (Worldwide Journey & Cash Switch) Ltd; Hafiz Bros Journey & Cash Switch Restricted; and LCC Trans-Sending Restricted (together with its father or mother firm, Small World Monetary Companies…

  • AMF fines Alvexo affiliate France Protected Media and supervisor Lior Mattouk €400K

    France monetary regulator Autorité des Marchés Financiers (AMF) has introduced that its AMF Enforcement Committee has fined a French tied agent of a Cypriot funding providers supplier and its supervisor a complete of €400,000, for breaches of their skilled obligations. In its resolution of November 10, 2023, the Enforcement Committee imposed a superb of €300,000…

  • HK watchdog fines Lion Futures Restricted $2.8M for regulatory breaches

    Hong Kong’s Securities and Futures Fee (SFC) has reprimanded and fined Lion Futures Restricted (LFL) $2.8 million for failures in complying with anti-money laundering and counter-terrorist financing (AML/CFT) and different regulatory necessities between Might 2017 and July 2019. The SFC’s investigation discovered that LFL didn’t conduct any due diligence on the shopper provided programs (CSSs)…

  • CME fines, suspends dealer for violations of COMEX guidelines

    Worldwide derivatives market CME Group has posted a discover of disciplinary motion in opposition to Ting Jiang. Pursuant to a proposal of settlement by which Ting Jiang neither admitted nor denied the rule violations upon which the penalty relies, a Panel of the COMEX Enterprise Conduct Committee discovered that between July 27, 2021, and September…

  • CME fines, suspends dealer for partaking in disruptive practices

    Worldwide derivatives market CME Group has posted a discover of disciplinary motion towards Brian Solberg. The publish CME fines, suspends dealer for partaking in disruptive practices appeared first on FX Information Group.