fines

Malpractice claims against Indian banks swell after sting operation

The number of Indian financial institutions implicated by a local news website for their alleged roles in money laundering has grown from three to 23.

By Staff |May 7, 2013

1 min read

Industry

MFDA rep fined $5,000 over pre-signed forms

On March 27, 2013, an MFDA hearing panel approved a settlement agreement reached between the MFDA and Grant Bryan Page.

By Staff |May 1, 2013

1 min read

Industry

Rep fined and suspended for multiple violations

On April 4, 2013, a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC), accepted the Settlement Agreement, with sanctions, between IIROC staff and Reginald Alfred Groome.

By Staff |April 26, 2013

2 min read

Industry

Nasdaq facing $10m fine for Facebook flop

The Financial Times reports Nasdaq faces an SEC fine of up to $10 million for its role in the Facebook IPO debacle.

By Staff |April 25, 2013

1 min read

SEC fines Capital One $3.5 mil for understating loan losses

The Securities and Exchange Commission has charged Capital One Financial Corporation and two senior executives for understating millions of dollars in auto loan losses incurred during the months leading into the financial crisis.

By Staff |April 25, 2013

4 min read

Rep to pay $10,000 for faulty KYC

Following a disciplinary hearing held on March 18, 2013, in Saskatoon, Sask., a hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC), found that James Dale Lambert was liable of failing to use due diligence to learn the essential facts relative to investments in a financial product he recommended to clients, and failing […]

By Staff |April 24, 2013

1 min read

Reps fined for dubious trading activities

Following a penalty hearing held on November 27, 2012, a hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC), imposed fines on Marco Myatovic and Doreen Lowe. The panel found that the two had failed in their roles as gatekeepers by facilitating manipulative or suspicious trading activity in several client accounts, thereby engaging […]

By Staff |April 24, 2013

1 min read

SEC charges employee for leaking trading tips

The SEC has charged a former employee at a California-based medical device manufacturer with illegally tipping confidential financial data to her brother, who illegally traded in the company’s stock and enabled his hedge fund clients to do the same. The SEC alleges that ThanhHa Bao, who worked in the finance department at Abaxis Inc., regularly […]

By Staff |April 10, 2013

2 min read

fines

Malpractice claims against Indian banks swell after sting operation

MFDA rep fined $5,000 over pre-signed forms

Rep fined and suspended for multiple violations

Nasdaq facing $10m fine for Facebook flop

SEC fines Capital One $3.5 mil for understating loan losses

Rep to pay $10,000 for faulty KYC

Reps fined for dubious trading activities

FINRA fines Merrill Lynch $1 million

SEC charges employee for leaking trading tips

S&P to launch appeal over rating lawsuit