SEC

SEC Fights Off 15 ‘Meme Stocks’ for Questionable…

The Securities and Exchange Commission has suspended trading in the securities of 15 companies as part of its ongoing battle against "questionable trading" related to social media trading. The regulator has recently identified nearly two…

ASIC: Immunity for Criminals Assisting Law Enforcement

The Australian Securities and Investments Commission has announced that individuals who committed serious offenses such as market manipulation, insider trading, and dishonest conduct, would be able to seek immunity from the regulator. The new policy…

Fenergo

Mizuho Americas Taps Fenergo for KYC AML Process…

Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions, announced today that Mizuho Americas has deployed Fenergo’s software to improve the customer onboarding experience and drive efficiencies, so that…

Danske Bank

Danske Bank Using Quantexa Following Change in AML…

Fortune 500 institution Danske Bank, with 3.3 million personal and business customers and over 2000 corporate and institutional customers, is announcing sweeping changes to its Anti-Money Laundering strategy, turning to London-headquartered analytics firm Quantexa to…

ASIC

ASIC Finally Intervenes on Retail CFDs Paving Way…

The Australian Securities and Investments Commission (ASIC) has finally made up its mind regarding restrictions for retail selling of contracts for difference (CFDs) and will now require firms to adopt European like restrictions on such…

Marex Spectron

US CFTC Charges Marex Spectron With Capital Deficiencies

The US Commodity Futures Trading Commission (CFTC) today issued orders filing and settling charges against Marex North America LLC, a registered futures commission merchant with its principal place of business in New York, New York,…

Finra

FINRA Fines Janney Montgomery Scott For Inaccurate Reports

Between October 1, 2014, and April 4, 2018, the firm submitted approximately 6.6 million inaccurate or incomplete Reportable Order Events (ROEs) to OATS. Broker-dealer Janney Montgomery Scott LLC has agreed to pay a $90,000 fine…

FCA

FCA Overdraft Changes: Payment holiday looms with some…

Around 26 million Brits use an overdraft each year. Overdrafts are either arranged or unarranged. An arranged overdraft is an agreement consumers reach with their bank that allows them to spend more than they have…

BAFIN DE

German Regulator Acts Against Trading Platform TradInvestor

BaFin prohibits unauthorised deposit operations and orders winding-up of this business. Germany's Federal Financial Supervisory Authority today confirmed that it has taken action against Ez Education which operates the trading platform “TradInvestor”. This follows the…

SEC Charges Former Top Executives of Outcome Health…

The Securities and Exchange Commission today amended a complaint to charge four former executives of Outcome Health, a private healthcare advertising company, with fraud in raising nearly half a billion dollars by falsely portraying the company as an…