JPMorgan Chase & Co has agreed to pay USD15.7 million to settle a class action lawsuit. The bank was accused of deliberately manipulating prices of U.S. Treasury futures and options from April 2008 to January 2016. With a similar agreement last September, JPMorgan agreed to pay USD920 million to settle a lawsuit for spoofing in Treasuries and...
Italy’s Companies and Exchange Commission (CONSOB) announced that it has continued to block the access from Italian territory to more unauthorized investment websites. They include: capital-swiss.com of DevTech Holding, capitrades.com of Capitrades, euromts.uk of Dzikanta Limited, fundiza.com of FUNDIZA Ltd, gs4trade.com of GS4trade Invest Limited, nata-trade.com of Nata Trade Limited, medicatrade.cc of Medica Trade, pluscfd.co of Plus...
The New Zealand Financial Markets Authority (FMA) has announced that CLSA Premium New Zealand Limited has been ordered to pay a total fine of NZD770,000 for breaches of the Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) Act. These were the first lawsuits filed by the FMA under the AML/CFT Act. The FMA investigated a sample...
Another financial entity warns of a scam clone on its official website. Fraudulent organizations typically misuse the names, license numbers, and other business information of regulated companies.
In the release note with reference ID: C2021090902, Cboe Global Markets Inc published the "Fraudulent “CboeX” Website Alert" stating: "Cboe has recently been made aware of a...
The Moscow office of Russia’s Federal Antimonopoly Service (FAS) announced that it had fined Google LLC 200,000 rubles (USD2,730) for advertising that did not comply with Russian law. Google LLC violated the Federal Law on Advertising by distributing ads of eToro, which does not have a forex dealer license that would allow it to operate in Russia....
The Department of Justice (DOJ) reported that in early September 2021, Glenn Arcaro pleaded guilty in federal court to participating in a massive conspiracy over BitConnect, a cryptocurrency investment scheme that deceived investors around the world for more than USD2 billion. The BitConnect scheme is believed to be the biggest cryptocurrency scam ever criminalized.
ICE Futures U.S. announced that Aspire Commodities, LLC had agreed to pay a USD700,000 fine to settle fees for violating some of the ICE rules. In August 2021 the Exchange’s Business Conduct Committee found that Aspire Commodities, LLC had violated some of the ICE rules by holding positions above the applicable monthly position limits and by not...
Singapore's financial regulator said Binance could be in breach of the Payment Services Act to provide payment services without an appropriate license. As Binance did not apply for a license under local law, the Monetary Authority of Singapore included Binance.com in the list of investor warnings. The list warns consumers that Binance is not regulated or licensed...
ICE Futures U.S. announced that Deutsche Bank AG had agreed to pay a penalty of USD7,500 for settling charges related to alleged breaches of some of their exchange rules. In August 2021 the Exchange’s Business Conduct Committee found that, on 28 February 2020, Deutsche Bank AG may have violated a rule by conducting the opposite block trading...
Binance.com, an online exchange that offers consumers a range of financial products and services, including buying and trading a wide range of digital currencies as well as digital wallets, has announced it will stop offering currency pairs and options containing NOK in Norway, as well the maintenance of the website in Norwegian.
Binance Group...