£350,000 in Fines: FCA Punishes SVS Securities Execs for Mismanaging Pensions
Key Insights UK financial watchdog has fined three former SVS Securities executives over £350,000 and issued bans for mismanaging customer…
BaFin Penalizes Citigroup $13.8 Mln for Algorithmic Trading Flaws
Key Insights Germany’s BaFin fined Citigroup Global Markets Europe AG €12.975 million ($13.82 million) for algorithmic trading violations. Citigroup failed…
HSBC Fined £6.3 Million by UK Watchdog Over Arrears Failings
Key Insights The UK’s FCA fined HSBC £6.28 million for failing to properly consider customers’ circumstances when they fell into…
UK FCA Fines Citigroup $46 Mln after $1.4 Bln ‘Fat Finger’ Error
Key Insights The UK’s FCA fined Citigroup $46 million over a $1.4 billion “fat finger” trading error that sent equities…
Cboe Slaps $170K Fine on Hilltop Securities for Mishandling Options Reporting
Key Insights Hilltop Securities fined $170,000 by Cboe Exchange for widespread reporting failures related to listed options positions. The firm…
ASIC Cancels JB Markets’ Financial Services Licence
Key Insights ASIC has cancelled the financial services licence of JB Markets Pty Ltd effective April 12, 2024. The cancellation…
CySEC Extends CIF License Suspension of FTX (EU) Ltd
Key Insights CySEC has extended the suspension of the authorization of the Cyprus Investment Firm FTX (EU) Ltd until September…
Philippine SEC Warns Public Against Unauthorized eToro Platform
Key Insghts The Philippine SEC issued an advisory warning that eToro is not authorized to sell or offer securities in…
FCA Recovers £1.6 Million from Argento to Compensate Scheme Investors
Key Insights The FCA secured a £1.6 million settlement from Argento Wealth Ltd (AWL) and its director Daniel Willis over…
Australia Watchdog Cancels Crown Wealth Licence After Administration Filing
Key Insights ASIC has cancelled the financial services licence of Crown Wealth Group Pty Ltd The licence cancellation comes after…