FINRA Charges Ayre with Fraud and Unlawful Distribution of Unregistered Cryptocurrency Securities HempCoin FINRA announced today that it filed a complaint against Timothy Tilton Ayre of Agawam, Massachusetts, charging him with securities fraud and the unlawful distribution of an unregistered cryptocurrency security called HempCoin. This case represents FINRA’s first disciplinary action involving cryptocurrencies. In the complaint, […]
Aegis Capital Pays $1.3 Million for Anti-Money Laundering Violations FINRA and the Securities Exchange Commission have fined Aegis Capital Corp., NY based Broker-Dealer, $550,000 and $750,000, respectively, in enforcement actions for Anti-Money Laundering (AML) Violations. FINRA Fines Aegis Capital Corp. $550,000 On March 28th FINRA announced in a press release that they had fined Aegis Capital over half […]
Hurricane Sandy took a physical toll on New York City, but a joint meeting of the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), and the Commodity Futures Trading Commission (CFTC) on the topic of disaster recovery, proved that it’s not just physical damage that companies are worried about.
In response to several high profile anomalies in the trading market due to High Frequency Trading (HFT) in the past year, the Finance Industry Regulatory Authority (Finra) has been looking into several trading firms with how they use and control their trading algorithms.
The CFTC and the SEC now have FINRA, the financial industry’s self-regulator body, helping to crack down on high-frequency trading (HFT).
An SEC official said Thursday that the commission is close to proposing new rules for a consolidated audit trail of activity across national stock exchanges, calling it “a top priority.” The proposed changes are expected to hit high-frequency trading firms hardest. That’s because costs of the consolidated audit trail, or CAT, would be spread across […]
22 senators wrote a letter to five federal agencies Thursday, calling for regulators to adopt a final Volcker rule free from loopholes and Wall Street concessions. “You have no doubt heard, as we have, from those who would like us to forget the causes of the financial crisis and forget the causes of the financial […]
Defense counsel for disgruntled former hedge-fund manager and commodities trader Vincent P. McCrudden will argue before a judge that he should be allowed to show evidence of financial conspiracy theories at his trial next week. McCrudden has been charged with “transmission of threats to injure” after sending vicious threats to 47 current and former officials […]
As part of an on-going effort to raise the public IQ on financial products, the SEC’s Office of Investor Education and Advocacy and FINRA jointly issued an investor alert called “Structured Notes with Principal Protection: Note the Terms of Your Investment” to educate potential investors of the risks associated with this particular. The retail market […]
U.K.’s Financial Services Authority (FSA) and the U.S.’s Financial Industry Regulatory Authority (FINRA) enter into a Memorandum of Understanding (MOU) today whereby the two countries agree to facilitate exchange information on firms and individuals under their supervision, support collaboration on investigations and enforcement matters, and allow further sharing of regulatory techniques including approaches to risk-based […]
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FinanceFeeds - Nicky Morgan calls for Natwest and Barclays to respond amid service failures affecting customers over the past 24 hours. The post UK Treasury Committee wants explanations from NatWest and Barclays over service disruptions appeared first on FinanceFeeds. […]
FinanceFeeds - The Office of the Rehabilitation Trustee is receiving a large volume of rehabilitation claim forms, and it will take some time to process the paperwork, the MtGox trustee explains. The post MtGox trustee tries to calm down claimants over slow rehabilitation claims filing procedure appeared first on FinanceFeeds. […]
FinanceFeeds - Support of user drawings on charts, colored indicators and enhanced chart zoom are among the new features introduced in cTrader Mobile Beta version 3.0. The post Latest version of cTrader mobile app bolsters charting capabilities appeared first on FinanceFeeds. […]
FinanceFeeds - The list of Series-A round participants include MUFG Bank, SMBC Venture Capital Fund, and Innovative Venture Fund Investment LP. The post Japanese AI expert Alpaca closes of JPY647m Series-A round appeared first on FinanceFeeds. […]
FinanceFeeds - The Northbound Investor ID Model is set to be launched on September 26, 2018. The post HKEX reminds market participants about pending launch of Northbound Investor ID Model appeared first on FinanceFeeds. […]
FinanceFeeds - The US regulator and Jon Montroll continue to expect to resolve the civil case by agreement. The post SEC, BitFunder operator mark further progress in settlement discussions appeared first on FinanceFeeds. […]
FinanceFeeds - ASIC has extended to September 30, 2019 the licensing relief for FFSPs to allow them to provide financial services to Australian wholesale clients without needing to hold an Australian financial services licence. The post Australian regulator extends licensing relief for foreign financial services providers appeared first on FinanceFeeds. […]
FinanceFeeds - NFA increases the required minimum security deposits for Forex transactions in Turkish lira and South African rand. The post NFA changes minimum security deposit requirement for transactions in Turkish lira, South African rand appeared first on FinanceFeeds. […]
FinanceFeeds - The regulator, however, has managed to serve Jiongsheng (“Jim”) Zhao with the Summons and Complaint earlier this week. The post CFTC still unable to confer with Australian trader accused of spoofing appeared first on FinanceFeeds. […]
Press Release - the Basel Committee on Banking Supervision is issuing frequently asked questions on the liquidity risk treatment of settled-to-market derivatives, 20 September 2018. […]
Press Release - the Basel Committee on Banking Supervision is finalising stress-testing principles, reviews ways to stop regulatory arbitrage behaviour, agrees on annual G-SIB list, discusses leverage ratio, crypto-assets, market risk framework and implementation, 20 September 2018. […]
FinanceFeeds - The appointments take effect following the AGM and as such both Directors will seek election by shareholders at the 2019 AGM. The post IG Group appoints Sally-Ann Hibberd and Jonathan Moulds as Non-Executive Directors appeared first on FinanceFeeds. […]
London, UK– FIA Tech today launched a new Transfer Protocol to help firms prepare for the transitioning of execution and clearing businesses triggered by the UK’s departure from the European Union...Washington, D.C.— FIA is pleased to announce that Amazon Web Services (AWS) has agreed to sponsor FIA’s fourth annual Innovators Pavilion , a showcase for fintech startups that are offering...Washington, DC - Today, FIA President and CEO Walt Lukken paid tribute to the 30 year success of FIA affiliate FIA Japan: “I congratulate the FIA Japan Board of Directors and Members on...Washington, DC – FIA, the Institute of International Finance (IIF), and the Global Financial Markets Association (GFMA) filed a response to the consultative report of the Derivatives Assessment...FIA and 17 other trade associations active in energy markets jointly submitted a statement highlighting an urgent need to confirm the extension of the VAT derogation for a domestic reverse charge...On 31 August, FIA and ISDA submitted a joint response to ESMA’s consultation paper on Clearing Obligation under EMIR (no.6), in particular relating to the treatment of intragroup transactions. FIA...On 29 August 2018, FIA filed jointly with GFMA, ISDA and LBMA a response to IOSCO, asking for certain clarifications regarding the scope of the Sound or Good Practices and the provided examples... (RSS generated with FetchRss) […]
Financial fraud routinely follows on the heels of disaster. Hurricane Florence and its aftermath are no exception. We are issuing this Alert to warn investors that investment scams may come your way touting stocks and other investments with the promise of huge gains in the wake of Florence. […]
Press release about Markets Committee analysing changes in fast-paced electronic markets (17 September 2018) […]
CPMI Press Release "Payment, clearing and settlement operators meet on global cyber-resilience", 14 September 2018. […]
CPMI Press Release "Call for comments on governance of OTC derivatives data", 16 August 2018. […]
FINRA is issuing this alert to inform investors that investments in digital assets, such as ICO tokens and cryptocurrencies, can involve significant uncertainty, as well as risks that are different from more conventional assets like stocks or bonds. […]
Press release about BCBS, CPMI, FSB, IOSCO report "Analysis of Central Clearing Interdependencies", 9 August 2018 […]
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