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Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of 10 unauthorized websites offering investment services or advertising illegal trading platforms. The targeted sites are: ;(and client.keylinefx.com) [Keyline FX] www.auralyex.com (and webtrader.sprawlyx-manilas.com) + ;[Auralyex / Prisma-luxerise.com] (and v1.lands-po.com, m.p.finance) + ;[Po...
ASIC cancelled the AFS license of Red Panda Future Wealth Pty Ltd (formerly Capital Financial Planning WA Pty Ltd) effective 16 February 2026 after the firm ceased providing financial services. The license remains active until 16 February 2027 solely to maintain AFCA membership for former clients. Clients with concerns about advice or conduct should complain to AFCA (free, independent). Red Panda...
J.P. Morgan Securities LLC (JPMS) settled with FINRA for $140,000 fine + censure over MSRB Rule G-32 violations (May 2018–June 2024): inaccurate/incomplete Form G-32 filings for 718 municipal offerings (wrong retail order periods, missing advisors/obligated persons/credit enhancement info) and 26 late EMMA submissions (1–135 days). Supervisory failures: WSPs/reviews focused only on timeliness...
ESMA fined trade repository REGIS-TR, S.A. €1,374,000 for seven breaches of EMIR and SFTR – the first SFTR enforcement case and ESMA’s highest fine against a trade repository. The violations involved inadequate policies/procedures, organizational structure, operational risk management, confidentiality safeguards, and misuse of information. ESMA also issued a public...
Pips24.com – what we know and have as facts about it; The Pips24.com website, operated by several companies with compliance in multiple regions worldwide. This licensing enables companies to offer investment services, including receiving, transmitting, and executing client orders. The legal section of the website states that the operators implement a...
The Cyprus Securities and Exchange Commission (CySEC) reached a €70,000 settlement with ASP Trident Trust Company (Cyprus) Limited over possible breaches of the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007 and CySEC’s related Directive. The settlement follows an investigation into the company’s compliance with anti-money laundering and terrorist financing...
The UK Financial Conduct Authority (FCA) fined Dipesh Kerai £52,731 and Bhavesh Hirani £56,000 for insider dealing in Bidstack Group Plc shares. In December 2021, Hirani, as interim CFO of Bidstack (a video game advertising company), accessed confidential information about a major upcoming deal with a large publisher and passed it to Kerai. Hirani then opened a trading account in Kerai’s name...
The Danish Financial Supervisory Authority fined Saxo Bank DKK 313 million (~USD $49.8 million) for systemic AML shortcomings in customer due diligence, ongoing monitoring (especially white-label clients), and Money Laundering Act compliance from January 2021 to May 2023—no actual money laundering was found. Saxo accepted the penalty (one of the sector’s largest recent fines) and has since...
Wells Fargo Clearing Services, LLC agreed to a $1.25 million fine and censure from FINRA for violations from November 2016 to November 2023: failing to timely cancel/close out 209 failed municipal securities transactions (~$6.5M) and deliver 106 securities (~$3.8M); failing to promptly obtain possession/control of 178 short positions (~$4.1M); and lacking adequate supervisory systems for...
The Cyprus Securities and Exchange Commission (CySEC) issued a warning against 10 unauthorized investment websites offering services without required licensing under Law 87(I)/2017: amazon-forex.com, novatradecore.com, vall-fin.com, daoroyal.com, capitaldealhub.com, seamanfx.com, newfuturevip.com, trademarketcup.com, fxtrade.app, and mexc.com. Investors are urged to verify entity authorization on...