News Headlines | Upcoming Events


News Headlines

Wednesday, September 18, 2019 - Two broker-dealers to pay $4.65m for providing deficient ‘blue sheet data’
Stifel Financial Corporation (SFC)
Source - https://www.complianceweek.com/regulatory-enforcement/two-broker-dealers-to-pay-465m-for-providing-deficient-blue-sheet-data/27729.article
Two broker-dealers must pay a combined $4.65 million in penalties for providing incomplete and inaccurate securities trading information to the Securities and Exchange Commission. Prudent compliance officers at other broker-dealer firms might want to take a page from their remedial efforts.

[More]

Friday, September 13, 2019 - CFTC fines Phillip Capital over violations related to cybersecurity incident
Phillip Capital
Source - https://financefeeds.com/cftc-fines-phillip-capital-violations-related-cybersecurity-incident/
The US Commodity Futures Trading Commission (CFTC) on Thursday issued an order settling charges against online trading company Phillip Capital Inc. (PCI). PCI is a registered futures commission merchant, and is a part of Singapore-based Phillip Capital Group.

[More]

Friday, September 13, 2019 - CFTC orders interdealer broker to pay $13 million for supervisory failures and false statements
Tullett Prebon
Source - https://www.cftc.gov/PressRoom/PressReleases/8012-19
The U.S. Commodity Futures Trading Commission today issued two orders filing and settling charges against Tullett Prebon Americas Inc., an interdealer broker and CFTC-registered introducing broker headquartered in New Jersey. The combined orders require Tullett to pay a total of $13 million for failing to supervise employees and making false or misleading statements to CFTC staff.

[More]

Friday, September 13, 2019 - ANZ Bank rushes to fix nationwide technical issue that could see its customers miss out on their paycheques until Monday
Australia and New Zealand Banking Group (ANZ)
Source - https://www.dailymail.co.uk/news/article-7459887/ANZ-Bank-rushes-fix-nationwide-technical-glitch-customers-not-access-pay-Monday.html
ANZ Bank is racing against the clock to fix a nationwide technical glitch which may see thousands of customers not access to their monthly pay until Monday.

[More]

Friday, September 13, 2019 - Deutsche Bank is first to settle bond-rigging lawsuit, amid federal probe
Deutsche Bank
Source - https://www.reuters.com/article/us-fannie-mae-freddie-mac-bonds-lawsuit/deutsche-bank-is-first-to-settle-bond-rigging-lawsuit-amid-federal-probe-idUSKCN1VX23S
Deutsche Bank AG will pay $15 million to resolve claims it conspired to rig prices of bonds issued by Fannie Mae and Freddie Mac, becoming the first of 16 financial services companies to settle litigation by investors.

[More]

Tuesday, September 10, 2019 - SFC reprimands and fines HSBC $2.1 million for breaching telephone recording requirements
HSBC
Source - https://www.sfc.hk/edistributionWeb/gateway/TC/news-and-announcements/news/enforcement-news/doc?refNo=19PR82
The Securities and Futures Commission (SFC) has reprimanded and fined The Hongkong and Shanghai Banking Corporation Limited (HSBC) $2.1 million for non-compliance with the telephone recording requirements under the Code of Conduct.

[More]

Monday, September 9, 2019 - Portugal competition watchdog fines banks over concerted practices
Caixa Geral de Depósitos
Source - https://www.nasdaq.com/article/portugal-competition-watchdog-fines-banks-over-concerted-practices-20190909-00942
After a long-running investigation, Portugal's competition authority AdC said on Monday it fined 14 banks a total of 225 million euros for concerted practices of exchanging sensitive commercial information on credit products.

[More]

Friday, September 6, 2019 - BNZ customers vent their frustration after internet banking outage
Bank of New Zealand (BNZ)
Source - https://www.newshub.co.nz/home/money/2019/09/bnz-customers-vent-their-frustration-after-internet-banking-outage.html
Internet banking on the BNZ website has been restored, but many customers have been left with a foul taste in their mouth following the outage.

[More]

Friday, September 6, 2019 - BaFin imposes administrative fine against Goldman Sachs International
Goldman Sachs
Source - https://www.bafin.de/SharedDocs/Veroeffentlichungen/DE/Massnahmen/40c_neu_124_WpHG/meldung_190906_goldman_sachs_int_geldbusse.html
On 12 August 2019, BaFin imposed an administrative fine amounting to 800,000 euros against Goldman Sachs International.

[More]

Friday, September 6, 2019 - HKEX chief says derivatives trading glitch caused by software bug
Hong Kong Exchanges and Clearing (HKEx)
Source - https://www.reuters.com/article/hkex-trading-ceo/update-1-hkex-chief-says-derivatives-trading-glitch-caused-by-software-bug-idUSL3N25X0LN
A derivatives trading glitch at bourse operator Hong Kong Exchanges and Clearing (HKEX) was caused by a software bug and was not due to human error, chief executive Charles Li said on Friday.

[More]

Wednesday, September 4, 2019 - SEC and CFTC charge Options Clearing Corp. with failing to establish and maintain adequate risk management policies
Options Clearing Corp.
Source - https://www.sec.gov/news/press-release/2019-171
The Securities and Exchange Commission and the Commodity Futures Trading Commission today announced that the Options Clearing Corporation (OCC) will undertake remedial efforts and pay $20 million in penalties to settle charges that it failed to implement policies to manage certain risks as required by U.S. laws and SEC and CFTC rules.

[More]

Friday, August 30, 2019 - Revolut banking app hit by technical issues
Revolut Ltd
Source - https://www.irishexaminer.com/breakingnews/business/--947354.html
Revolut customers were left unable to use features of their banking apps today due to technical issues.

[More]

Friday, August 30, 2019 - HSBC and Tesco Bank apps down with customers locked out
HSBC
Source - https://www.dailystar.co.uk/news/latest-news/breaking-nationwide-hsbc-tesco-bank-19036903
HSBC and Tesco Bank's online services went down this morning, leaving UK customers locked out of their accounts.

[More]

Friday, August 30, 2019 - Canada regulator fines RBC and TD Bank $24m in FX rig cases
Toronto Dominion Bank (TD Bank)
Source - https://www.financemagnates.com/institutional-forex/regulation/canada-regulator-fines-rbc-and-td-bank-24m-in-fx-rig-cases/
TD Bank and Royal Bank of Canada were hit Friday with a combined C$24.5 million ($18.4 million) in fines for attempting to rig foreign exchange markets.

[More]

Thursday, August 29, 2019 - U.S. jury indicts suspected Capital One hacker on wire fraud, data theft charges
Capital One
Source - https://www.reuters.com/article/us-capital-one-fin-cyber/u-s-jury-indicts-suspected-capital-one-hacker-on-wire-fraud-data-theft-charges-idUSKCN1VJ0DL
A federal grand jury has indicted the suspected hacker who obtained personal information of over 100 million people in the Capital One Financial Corp data breach on charges of wire fraud and computer data theft, the U.S. Department of Justice (DOJ) said on Wednesday.

[More]

Wednesday, August 28, 2019 - Osaka Exchange imposes JPY20m fine on Citigroup Global Markets Japan
Citigroup
Source - https://financefeeds.com/osaka-exchange-imposes-jpy20m-fine-citigroup-global-markets-japan/
Osaka Exchange, Inc. has imposed a fine of JPY 20 million on Citigroup Global Markets Japan Inc. and has requested that the company submit a business improvement report.

[More]

Wednesday, August 28, 2019 - OTP's Bulgarian unit fined for data breach affecting over 33,000 clients
DSK Bank / Банка ДСК
Source - https://www.reuters.com/article/us-otp-bank-bulgaria-fine/otps-bulgarian-unit-fined-for-data-breach-affecting-over-33000-clients-idUSKCN1VI22X
Bulgaria’s DSK Bank, a unit of Hungary’s OTP Group, has been fined 1 million levs ($569,930) for a data breach that afffected over 33,000 clients, the country’s Commission for Personal Data Protection said on Wednesday.

[More]

Tuesday, August 27, 2019 - Canadian regulator summons RBC, TD Bank over malpractice charges
Royal Bank of Canada (RBC)
Source - https://www.reuters.com/article/us-rbc-td-forex/canadian-regulator-summons-rbc-td-bank-over-malpractice-charges-idUSKCN1VH0AS
The Ontario Securities Commission has issued a notice of hearing to Royal Bank of Canada and Toronto-Dominion Bank to settle charges of forex trading malpractices, the Canadian regulator said on Monday.

[More]

Tuesday, August 27, 2019 - U.S. appeals court revives aluminum antitrust cases vs Goldman, JPMorgan, Glencore
Goldman Sachs
Source - https://www.reuters.com/article/us-aluminum-antitrust/u-s-appeals-court-revives-aluminum-antitrust-cases-vs-goldman-jpmorgan-glencore-idUSKCN1VH1YH
A federal appeals court on Tuesday revived lawsuits by aluminum purchasers that accused Goldman Sachs, JPMorgan Chase, mining company Glencore and other companies of conspiring to drive up prices for the metal by reducing supply.

[More]

Tuesday, August 27, 2019 - RBS and Natwest down: Millions unable to access websites after amassive outage
Royal Bank of Scotland (RBS)
Source - https://www.standard.co.uk/news/uk/rbs-and-natwest-online-banking-down-after-websites-hit-by-massive-outage-a4221986.html
Millions of customers are locked out of their NatWest and Royal Bank of Scotland online banking services, after the websites were hit by a major outage.

[More]


Events