Fine

Introducing Kingsview Futures fined by NFA

Reason: Kingsview Futures failed to diligently supervise its operations and activities.Date: 18/09/2017Amount: 50000.00Link: https://www.nfa.futures.org/news/newsRel.asp?ArticleID=4841

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FINRA fined C.L. King & Associates

Reason: C.L. King & Associates fined for negligently making material misrepresentations and omissions to issuers in connection with the firm’s redemptions of debt securities on behalf of a hedge fund customer.Date: 12/09/2017Amount: 750,000Link: https://www.finra.org/newsroom/2017/finra-hearing-panel-fines-cl-king-associates-750000-negligent-misrepresentations-and

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Merrill Lynch (Australia) Futures Limited (“MLAF”) penalised by ASIC

Reason: To comply with an infringement notice given to it by the Markets Disciplinary Panel (“the MDP”).Content of Penalty: The ASIC Market Integrity Rules (ASX 24 Market) 2010 requires market participants to demonstrate prudent risk management procedures in relation to their futures trading, including to set and document appropriate order limits and maximum price change limits. Date: 12/09/2017Amount: 60000.00Link: http://www.asic.gov.au/about-asic/media-centre/find-a-media-release/2017-releases/17-311mr-merrill-lynch-australia-futures-pays-60-000-in-infringement-notice-penalty/

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State Street Paying Penalties to Settle Fraud Charges and Disclosure

Reason: State Street used false trading statements, pre-trade estimates, and post-trade reports to misrepresent its compensation on various transactions, especially purchases and sales of bonds and other securities that trade outside large transparent markets.Date: 07/09/2017Amount: 35000000Link: https://www.sec.gov/news/press-release/2017-159

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CFTC fines W Resources LLC

Reason: W Resources, LLC Operates Three Funds as Commodity Pools, without Registering with the CFTCDate: 06/09/2017Amount: 150000Link: http://www.cftc.gov/PressRoom/PressReleases/pr7608-17

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UBFS gets charged by CySEC

Reason: Non Compliance paragraph 9(1)Date: 28/07/2017Amount: 10,000Link: http://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=bd60fdb0-9878-46e0-85da-0d49ae8a53dc

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Mr Emmanuel Ayoun has been charged with €10,000

Reason: Non compliance with section 139(2)Date: 27/07/2017Amount: 10,000Link: http://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=8507d379-1cb0-490f-81f5-3e4582b264ac

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Damian Clarke, inside dealer has been charged with £350,000 by the FCA and Her Honour Judge Korner CMG QC

Reason: Inside DealerComment: If Mr Damian Clarke does not proceed to the payment within 3 months, he will be charges with 3 years in prison.Date: 24/07/2017Amount: 350,000Link: https://www.fca.org.uk/news/press-releases/confiscation-order-against-convicted-insider-dealer

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Commex FC charged with penalty by CySEC

Reason: Revocation of administrative sanctionsDate: 17/07/2017Amount: 50,000Link: http://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=7df913a0-7ec5-4a17-9fd4-04c54dba21a5

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