The Securities and Exchange Commission today charged Merrill Lynch, Pierce, Fenner & Smith with misleading customers about how it handled their orders. Merrill Lynch agreed to settle the charges, admit wrongdoing, and pay a $42 million penalty.
News and Events
Financial Services Superintendent Maria T. Vullo today announced that Goldman Sachs Group Inc., parent company of Goldman Sachs Bank USA, agreed to pay a $54,750,000 fine as part of a consent order with the New York State Department of Financial Services (DFS) for violating New York banking law, including improperly sharing customer information with other global banks, and ...
SUBSCRIBE TO OUR NEWSLETTER
Saeed Patel is the latest addition to the ever expanding team of subject matter experts within Irisium. Saeed joins the Irisium team as Director of Product Strategy. Saeed has 25 years experience in regulatory compliance and technology leadership roles . His roles at EDF Trading included Global Technical Compliance Lead and CTO. Saeed was responsible for developing trading ...
5 June 2018 KRM22 plc, (AIM: KRM) the technology and software investment company, with a particular focus on risk management in capital markets, today announces it has acquired a 60% stake in Irisium Ltd (“Irisium”), a wholly owned subsidiary of Cinnober Financial Technology AB (“Cinnober”). London-based Irisium provides a turnkey market surveillance system that provides ...
Irisium delivers real time market surveillance capabilities to help APEX identify and address suspicious trading behaviours London, United Kingdom –30th of May 2018 - Irisium Ltd (formerly known as Ancoa Software Ltd), a leading provider of market surveillance and analytical software for financial organisations, today announced that Asia Pacific Exchange Pte Ltd (APEX) has ...
(Reuters) - The U.S. Commodity Futures Trading Commission (CFTC) on Monday said it has levied a fine of $2 million against Glencore Agriculture B.V. and Glencore Ltd. for multiple violations under the Commodity Exchange Act and CFTC regulations between January 2013 and November 2015.
NEW YORK (Reuters) - A former HSBC Holdings Plc (HSBA.L) executive was sentenced to two years in prison on Thursday after he was found guilty by a jury of defrauding Cairn Energy Plc (CNE.L) in a $3.5 billion (£2.5 billion) currency trade in 2011.
The Securities and Futures Commission (SFC) has reprimanded CN Capital Management Limited (CN Capital) and fined it $1,000,000 for failing to maintain an effective compliance function and satisfactory internal controls concerning employee account dealing (Note 1).
Barclays boss Jes Staley is facing a fine by UK regulators for breaching rules when he tried to identify a whistleblower at the bank.
The FCA are consulting on changes to the Financial Crime Guide for firms (the Guide), proposing to add a chapter on insider dealing and market manipulation
Merely having market surveillance systems in place is no longer good enough for financial firms as regulators focus their attention to ensuring that they work, according to an expert.
LEADING CRYPTOCURRENCY EXCHANGE AND IRISIUM COLLABORATE TO IMPROVE DIGITAL ASSET MARKET INTEGRITY London, United Kingdom - March 14, 2018 - Irisium Ltd (formerly known as Ancoa Software Ltd), a leading provider of market surveillance and analytical software for financial organisations, has today announced that Bitfinex is to integrate the Irisium Surveillance platform on their ...
Former Deutsche Bank trader Guillaume Adolph fined £180,000 and banned from industry by the FCA.
Speech by Andrew Bailey, Chief Executive of the FCA, at the Association for Financial Markets in Europe (AFME), International Capital Market Association (ICMA) and International Swaps and Derivatives Association (ISDA) breakfast briefing.
UK regulator seeking feedback on its use of technology for regulatory reporting at TechSprint event.
NEW YORK (Reuters) - Wall Street’s most widely followed gauge of future stock market volatility is being manipulated, a law firm representing an “anonymous whistleblower” alleged in a letter to U.S. regulators seen by Reuters on Tuesday.
The bank's self reporting measures and cooperation with the SFC helped avert an even larger fine.
Convicted spoofing trader Navinder Sarao is assisting US prosecutors in an ongoing case against market abuse.
Three major investment banks allegedly carried out various frauds and spoofing on precious metals futures contracts.
WASHINGTON (Reuters) - U.S. authorities were set to arrest several people on Monday in connection with a federal investigation into so-called spoofing and manipulation in the U.S. futures market by three European banks, three people with direct knowledge of the matter told Reuters.
Guilty plea makes BNP Paribas the sixth major bank to admit price-fixing charges in FX markets.
WASHINGTON (Reuters) - The U.S. derivatives regulator is set to announce it has fined European lenders UBS, HSBC and Deutsche Bank millions of dollars each for so-called “spoofing” and manipulation in the U.S. futures market, three people with direct knowledge of the matter told Reuters.
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’).
Harrington Starr have brought together a judging panel of FinTech experts from the London Stock Exchange, Baringa, London & Partners, CBPE Capital, Lloyds Banking Group, Innovate Finance, Seismic Foundry, EY and The Realization Group to create a list of FinTech companies, who they think will have a large influence in the year ahead.
The Financial Conduct Authority (FCA) has imposed a financial penalty of £250,000 on former Royal Bank of Scotland (RBS) interest rate derivatives trader, Neil Danziger, and prohibited him from performing any function in relation to any regulated financial activity.
Washington D.C., Dec. 11, 2017 —The Securities and Exchange Commission today charged a former day trader with making more than $1 million in illegal insider trading profits as part of a ring that allegedly stole confidential information from investment banks and clients so they could trade in advance of secondary stock offerings
Sarao Admits to Contributing to Extreme Order Book Imbalance and Causing and Creating Artificial Prices on Multiple Days, Including May 6, 2010 (Flash Crash Day)
Operation Tabernula was eight years, and $20 million, in the making - Britains biggest Insider-trading full trial.
In a case brought by the Financial Conduct Authority (FCA) and following a three-month trial at Southwark Crown Court, two defendants – a senior investment banker and a Chartered Accountant – have been convicted of conspiring to insider deal between November 2006 and March 2010.