Fine

The FCA fines Vanquis and orders Vanquis to pay compensation to customers

Reason: Abuse, MiscodunctComment: The Financial Conduct Authority (FCA) has today imposed a fine of £1,976,000 on credit card lender, Vanquis, for failing to disclose the full price of an add-on product, called Repayment Option Plan (ROP).Content of Penalty: The Financial Conduct Authority (FCA) has today imposed a fine of £1,976,000 on credit card lender, Vanquis, for failing to disclose the ...

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CySEC fined ICFD Ltd

Reason: Non CompliantContent of Penalty: The Board of the Cyprus Securities and Exchange Commission (‘CySEC’) informed the public that, at the meeting held on 13th November 2017, has decided to impose a total administrative fine of €138.000 to CIF ICFD Ltd for non-compliance with the following: 1. Section 6(8) of the Investment Services and Activities and Regulated Markets Law of ...

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CFTC issued a fine to AMP Global Clearning LLC for Supervision Failures Related to Cybersecurity of its Customers’

Reason: AbuseContent of Penalty: The Commodity Futures Trading Commission (CFTC) issued an Order filing and simultaneously settling charges against AMP Global Clearing LLC (AMP), a registered Futures Commission Merchant since 2010, for its failure between June 21, 2016 and April 17, 2017 to supervise diligently the implementation of critical provisions in AMP’s information systems security program (ISSP). As a result of this ...

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CySEC fined Chesterfield Corporate Services Ltd

Reason: Non CompliantContent of Penalty: The Board of the Cyprus Securities and Exchange Commission (‘CySEC’) wishes to inform the public that, at its meeting held on 20th November 2017, decided to impose a total administrative fine of €20.000 on the ASP Chesterfield Corporate Services Ltd for non-compliance with: 1. Sections 58(a), 58(c) and 58(e) of the Prevention and Suppression of ...

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SFC reprimands and fines Credit Suisse (Hong Kong) Limited

Reason: Abuse, MiscodunctContent of Penalty: The Securities and Futures Commission (SFC) has resolved its concerns with Credit Suisse (Hong Kong) Limited (CSHK), Credit Suisse Securities (Hong Kong) Limited (CSSHK) and Credit Suisse AG (CSAG) (collectively, Credit Suisse) over internal control failures. Under the resolution, the SFC reprimanded and fined Credit Suisse a total of $39.3 million for regulatory breaches, including ...

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CySEC fined Hoch Capital 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 the meeting held on 20th November 2017, decided to impose an administrative fine of €30.000 to the CIF Hoch Capital Ltd (‘the Company’), for non-compliance with section 36(1)(a) of the Investment Services and Activities and Regulated ...

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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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