Fine

Melbourne financial services and credit business fined for multiple breaches of obligations and consumer protection laws

Reason: MisleadingDate: 05/11/2018Amount: 8980000.00Link: https://asic.gov.au/about-asic/news-centre/find-a-media-release/2018-releases/18-334mr-melbourne-financial-services-and-credit-business-to-pay-9-million-for-multiple-breaches-of-obligations-and-consumer-protection-laws/

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CySEC fines Mrs Milena Valentinova Christofide

Reason: Non CompliantContent of Penalty: The Board of the Cyprus Securities and Exchange Commission (‘CySEC’) would like to inform the public that, at its meeting held on 3rd September 2018, decided to impose an administrative fine of €10.000 to Mrs Milena Valentinova Christofide, for non compliance with section 139(2) of the Investment Services and Activities and Regulated Markets Law of ...

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CySEC fined LQD Markets Ltd

Reason: Non CompliantContent of Penalty: The Board of the Cyprus Securities and Exchange Commission (‘CySEC’) would like to inform the public that, at the meeting held on July 2, 2018, decided to impose an administrative fine of €50.000 to LQD Markets Ltd for non-compliance with section 44(1) of The Investment Services and Activities and Regulated Markets Law of 2007, as ...

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The Securities and Exchange Commission today announced charges against four Transamerica entities

Reason: UnregulatedContent of Penalty:   The Securities and Exchange Commission today announced charges against four Transamerica entities for misconduct involving faulty investment models and ordered the entities to refund $97 million to misled retail investors. According to the SEC’s order, investors put billions of dollars into mutual funds and strategies using the faulty models developed by investment adviser AEGON USA Investment ...

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CySEC fined Coverdeal Holdings Ltd

Reason: Non CompliantContent of Penalty: The Cyprus Securities and Exchange Commission («CySEC») would like to note the following: CySEC, under article 37(4) of the Cyprus Securities and Exchange Commission Law of 2009, has the power to reach a settlement for any violation or possible violation, act or omission for which there is reasonable ground to believe that it took place ...

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Deutsche Bank to Pay Nearly $75 Million for Improper Handling of ADRs

Content of Penalty:   The Securities and Exchange Commission today announced that two U.S.-based subsidiaries of Deutsche Bank AG will pay nearly $75 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). The case stems from a continuing SEC investigation into abuses involving pre-released ADRs.  In proceedings against Deutsche Bank Trust Co. Americas (DBTCA), a depositary ...

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SEC Charges Oil Company CEO, Board Member With Hiding Personal Loans

Reason: UnregulatedContent of Penalty: he Securities and Exchange Commission today charged the former CEO of Energy XXI Ltd. with hiding more than $10 million in personal loans that he obtained from company vendors and a candidate for Energy XXI’s board.  At the time of the alleged misconduct, Energy XXI was NASDAQ-listed and one of the largest oil and gas producers ...

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SEC Charges Attorney and Law Firm Business Manager With Illegal Sales of UBI Blockchain Internet Stock

Reason: Fraudulent, UnregulatedContent of Penalty: The Securities and Exchange Commission today charged two men alleged to have profited from illegal sales of stock of a company claiming to have a blockchain-related business. According to the SEC’s complaint, attorney T.J. Jesky and his law firm’s business affairs manager, Mark F. DeStefano, made approximately $1.4 million by selling shares in UBI Blockchain ...

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CySEC fines SFS Group Public Ltd and Agroton Public Ltd

Reason: Non CompliantContent of Penalty: The Board of the Cyprus Securities and Exchange Commission (‘the CySEC’) would like to inform the public that, at its meetings held on 4 th June 2018, decided to impose the following administrative fines for violations of the Transparency Requirements (Transferable Securities Admitted to Trading on a Regulated Market) Law of 2007, as amended (‘the ...

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