ASIC releases world-first licensing exemption for fintech businesses

ASIC has today released class waivers to allow eligible financial technology (fintech) businesses to test certain specified services without holding an Australian financial services...

Day Trader Pleads Guilty to Market Manipulation

A 31-year-old South Australian man has pleaded guilty in the District Court of South Australia to market manipulation charges under sections 1041A(c) and 1041B(1)(a)...

SEC Announces $7 Million Whistleblower Award

The Securities and Exchange Commission today announced an award of more than $7 million split among three whistleblowers who helped the SEC prosecute an...

Brokerage Firm Paying Penalty for Compliance and Trading Surveillance Failures

The Securities and Exchange Commission today announced that a New York-based brokerage firm has agreed to pay a $100,000 penalty to settle charges of...

MAS Revokes the Capital Markets Services Licence of One Asia Investment Partners Pte. Ltd.

The Monetary Authority of Singapore (MAS) has revoked the capital markets services licence (CMSL) of One Asia Investment Partners Pte. Ltd. (OAIP) with effect...

Three Former Traders for Major Banks Arraigned in Foreign Currency Exchange Antitrust Conspiracy

Three United Kingdom nationals and former traders of major banks voluntarily surrendered to the FBI and were arraigned on a charge arising from their...

FINRA Sanctions Citigroup Global Markets Inc. $11.5 Million for Displaying Inaccurate Research Ratings

The Financial Industry Regulatory Authority (FINRA) announced today it has fined Citigroup Global Markets Inc. (CGMI) $5.5 million and required the firm to pay...

CFTC Orders CNCGC Hong Kong Ltd. to Pay a $150,000 Penalty for Call Cotton...

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against CNCGC Hong Kong Ltd. (CNCGC HK), an investment...

BCSC Returns $120,000 to Three Investors

The British Columbia Securities Commission (BCSC) has paid three investors $120,000 that they lost as a result of misconduct by Ayaz Dhanani. In May 2016,...

CEO Charged With Using Secret Accounts for Insider Trading in Company Stock

The Securities and Exchange Commission today charged the former CEO of a Silicon Valley-based fiber optics company with insider trading in company stock by...

GOOD TO KNOW!

RECENT ARTICLES