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29.08.2018

Merrill Lynch Admits to Misleading Customers about Trading Venues

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.

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News
29.08.2018

Broker-Dealer Admits It Failed to File SARs

Washington D.C., March 28, 2018 — Aegis Capital Corporation, a New York-based brokerage firm, has admitted that it failed to file Suspicious Activity Reports (SARs) on numerous suspicious transactions.

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News
29.08.2018

DFS FINES GOLDMAN SACHS $54.75 MILLION FOR UNSAFE AND UNSOUND CONDUCT IN ITS FOREIGN EXCHANGE TRADING BUSINESS

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 ...

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News
04.07.2018

SENIOR APPOINTMENTS AT IRISIUM

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 ...

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News
05.06.2018

Cinnober sells 60% of subsidiary Irisium to KRM22

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 ...

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News
30.05.2018

Asia Pacific Exchange Pte Ltd (APEX) goes live with Irisium’s Trade Surveillance Platform

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 ...

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News
30.04.2018

Cftc fines glencore agriculture, Glencore ltd $2 million for trading violations

(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.

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News
26.04.2018

Ex-HSBC executive sentenced to two years for foreign exchange scheme

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.

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News
24.04.2018

SFC reprimands and fines CN Capital Management Limited and responsible officers $1.2 million over regulatory breaches

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).

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News
20.04.2018

Barclays boss Jes Staley faces penalty for 'conduct breach'

Barclays boss Jes Staley is facing a fine by UK regulators for breaching rules when he tried to identify a whistleblower at the bank.

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News
27.03.2018

GC18/1: Proposed guidance on financial crime systems and controls: insider dealing and market manipulatione Here...

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

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News
21.03.2018

Ticking market surveillance boxes isn’t enough – expert

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.

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News
15.03.2018

Libor Scandal Gets Older and Uglier for Banks

Investors are rightly rattled by the exit of a top executive at Societe Generale.

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News
14.03.2018

Bitfinex Adopts Trade Surveillance Platform Irisium

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 ...

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News
07.03.2018

NYSE penalised $14 million for 2015 market outage

Trading on NYSE was shut down for nearly four hours in July 2015 following technical issues.

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News
05.03.2018

Ex-derivatives trader at Deutsche Bank fined £180k for Libor scheme

Former Deutsche Bank trader Guillaume Adolph fined £180,000 and banned from industry by the FCA.

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News
01.03.2018

Recent Developments in financial markets

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.

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News
26.02.2018

FCA’s Hoggett on why it’s good to talk

The Financial Conduct Authority (FCA) director in charge of stamping out market abuse sees her work as a dialogue with the industry.

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News
20.02.2018

FCA looks to technology for smarter regulatory reporting

UK regulator seeking feedback on its use of technology for regulatory reporting at TechSprint event.

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News
13.02.2018

Whistleblower alleges manipulation of Cboe volatility index

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.  

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News
08.02.2018

SFC Fines Credit Suisse $39m for Multiple Regulatory Lapses

The bank's self reporting measures and cooperation with the SFC helped avert an even larger fine.

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News
31.01.2018

Convicted Flash Crash Trader Helping US Authorities Combat Market Spoofing

Convicted spoofing trader Navinder Sarao is assisting US prosecutors in an ongoing case against market abuse.

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News
30.01.2018

Deutsche Bank, UBS and HSBC incur $46 million penalty for spoofing

Three major investment banks allegedly carried out various frauds and spoofing on precious metals futures contracts.

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News
29.01.2018

U.S. authorities due to make arrests in futures 'spoofing' probe: sources

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.

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News
29.01.2018

BNP Paribas admits FX price rigging, accepts $90 million fine

Guilty plea makes BNP Paribas the sixth major bank to admit price-fixing charges in FX markets.

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News
26.01.2018

U.S. CFTC to fine UBS, Deutsche Bank, HSBC for spoofing, manipulation: sources

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.  

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News
25.01.2018

FCA fines Interactive Brokers (UK) Limited £1,049,412 for poor market abuse controls and failure to report suspicious client transactions

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’).

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News
15.01.2018

Cinnober Surveillance Named One of the top 100 most influential fintech companies of 2018

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.

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News Insider
08.01.2018

FCA fines and bans former RBS trader, Neil Danziger

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.

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News
11.12.2017

Stock Trader Charged in Insider Trading Ring

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

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News
22.11.2017

FCA Fines Bond Trader £60,000 For Market Abuse

The Financial Conduct Authority (FCA) has imposed on Paul Walter, a former Bank of America Merrill Lynch International Limited (BAML) bond trader, a financial penalty of £60,090 for engaging in market abuse.  Read more here.

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News
17.11.2017

Federal Court in Chicago Orders U.K. Resident Navinder Singh Sarao to Pay More than $38 Million in Monetary Sanctions for Price Manipulation and Spoofing

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)

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News Insider
28.06.2016

The Story of Britain’s Biggest Insider-Trading Trial

Operation Tabernula was eight years, and $20 million, in the making - Britains biggest Insider-trading full trial.

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News
09.05.2016

Two convicted of insider dealing in Operation Tabernula 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.

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