Fine

CySEC Fined Mr. Theodoros Aristodemou

Reason: AbuseDate: 01/12/2017Amount: 100000Link: https://www.cysec.gov.cy/en-GB/public-info/decisions/45814/?uuid=01122017163121

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Volkswagen Financial Services Australia penalized for misleading advertising

Reason: AbuseComment: Volkswagen Financial Services Australia Pty Ltd (ACN 097 071 460) (VWFSA) has paid a penalty of $216,000 after ASIC issued 20 infringement notices for alleged misleading statements made by VWFSA as part of its ‘1% you can’t ignore’ advertising campaign. Date: 28/11/2017Amount: 216,000 Link: http://www.asic.gov.au/about-asic/media-centre/find-a-media-release/2017-releases/17-410mr-volkswagen-financial-services-australia-pays-216-000-penalty-for-misleading-advertising/

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FCA fines bond trader for market abuse

Reason: AbuseContent of Penalty: The Financial Conduct Authority (FCA) has imposed on Paul Walter, a former Bank of America Merrill Lynch International Limited (BAML) bond trader, a financial penalty of £60,090 for engaging in market abuse. Following an investigation, the FCA found that Mr. Walter, an experienced trader, engaged in market abuse by creating a false and misleading impression as to ...

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Federal Court Orders Arizona Resident Derek Springfield and His Company, Draven, LLC

Reason: FraudulentContent of Penalty: The Commodity Futures Trading Commission (CFTC) today announced that Judge David G. Campbell of U.S. District Court for the District of Arizona entered a Consent Order against Defendants Derek Springfield and his company, Draven, LLC (Draven), both of Mesa, Arizona finding that they fraudulently solicited and received at least $1.8 million from approximately 112 commodity pool participants in connection with ...

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CFTC Orders Cargill, Inc. to Pay a Civil Monetary Penalty for Providing Inaccurate Mid-Market Marks on Swaps

Reason: MisconductContent of Penalty: The CFTC Order finds that Cargill provided counterparties and the SDR inaccurate marks which had the effect of concealing up to ninety percent of Cargill’s mark-up. Cargill also failed to diligently supervise its employees in connection with these inaccurate marks, and in connection with inaccurate statements made to swap counterparties. In particular, the CFTC Order finds ...

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