Fine

CFTC fined Deutsche Bank for false reports

Reason: MisconductContent of Penalty: The Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against Deutsche Bank Securities Inc. (DBSI) for attempted manipulation of the ISDAFIX benchmark and requiring DBSI to pay a $70 million civil monetary penalty. The CFTC Order finds that over a five-year period, beginning in at least January 2007 and continuing through ...

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FCA fines One Call Insurance Services Ltd

Reason: AbuseContent of Penalty: The Financial Conduct Authority (FCA) has today published Decision Notices in respect of One Call Insurance Services Limited (One Call) and its Chief Executive and majority shareholder John Lawrence Radford. A connected company to One Call, One Insurance Limited (OIL), has made a reference to the Upper Tribunal (the Tribunal) as a third party in relation ...

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FCA fines Interactive Brokers (UK) Limited

Reason: Abuse, MiscodunctContent of Penalty: The Financial Conduct Authority (FCA) has today imposed a financial penalty on Interactive Brokers (UK) (IBUK) in the amount of £1,049,412 for failings in its post-trade systems and controls for identifying and reporting suspicious transactions in the period February 2014 to February 2015 (‘the Relevant Period’). Date: 25/01/2018Amount: 1,049,412 Link: https://www.fca.org.uk/news/press-releases/fca-fines-interactive-brokers-uk-limited

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CySEC fines CIF licensed Spot Capital 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 20thNovember 2017, has decided to impose a total administrative fine of €50.000 to CIF Spot Capital Markets Ltd for non compliance within the period of 1st January 2016 to 30th June 2016, with ...

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CySEC issued an administrative fine to mr. Pavel Krymov (Shareholder of Skopalino Finance Ltd)

Reason: Non CompliantContent of Penalty: The Board of the Cyprus Securities and Exchange Commission (‘CySEC’) would like to inform the public that decided to impose an administrative fine of €10.000 to Mr. Pavel Krymov, Shareholder of Skopelino Finance Ltd at the time (now Concorde Investments Ltd), for non compliance with section 139 of the Investment Services and Activities and Regulated ...

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FCA fines and bans former RBS trader, Neil Danziger

Reason: MisconductContent of Penalty: Mr Danziger formerly worked at RBS trading products referenced to Japanese Yen (JPY) LIBOR. In addition, on occasion, he made RBS’s JPY LIBOR submissions to the British Bankers Association (BBA) when RBS’s primary submitters were not available.  The FCA has found that Mr Danziger was knowingly concerned in RBS’s failure to observe proper standards of market ...

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Ιmposition of an administrative fine to ASP Asoted Services Ltd

Reason: AbuseContent of Penalty: The Board of the Cyprus Securities and Exchange Commission (‘CySEC’) wishes to inform the public that, at its meeting held on 25th September 2017, it decided to impose administrative fines totalling €16,000 on ASP Asoted Services Ltd for non-compliance with: 1. Sections 58(a) and 58(c) of The Prevention and Suppression of Money Laundering and Terrorist Financing ...

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FCA fines Bluefin £4m for misleading customers

Reason: MisconductContent of Penalty: The Financial Conduct Authority (FCA) has today fined Bluefin Insurance Services Limited (Bluefin) £4,023,800 for having inadequate systems and controls and failing to provide information to its customers about Bluefin’s independence in a way that was clear, fair and not misleading.     Date: 06/12/2017Amount: 4,023,800Link: https://www.fca.org.uk/news/press-releases/fca-fines-bluefin-4m-misleading-customers

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Merrill Lynch Equities (Australia) Ltd pays an infringement notice penalty

Reason: MisconductContent of Penalty: Merrill Lynch Equities (Australia) Limited ('MLEA') has paid a total penalty of $140,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel ('the MDP'). The MDP found that between July 2014 and April 2016, MLEA: executed orders contrary to wholesale clients' instructions to opt out of the 'best execution' rule; failed ...

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