FINRA Hits SageTrader with New $100k Fine for AML Failure
The Financial Industry Regulatory Authority (FINRA) has hit California-based securities broker, SageTrader, with a censure order and fine of $100,000 for failing to establish and implement anti-money laundering (AML Anti-Money Laundering (AML) Anti-money laundering (AML) is a term that describes laws, processes, and regulations that are intended to prevent illegally obtained funds from being disguised […]
FINRA Slams $475K Fine on UBS Securities—Second in 4 Months
The Financial Industry Regulatory Authority (FINRA) has slammed another fine on New York-based securities broker, UBS Securities (UBS-S). This time the self-regulatory organization hit the firm, which is the brokerage arm of Swiss banking group, UBS, with a censure order and fine of $475,000 for publishing “inaccurate” monthly statistics on execution Execution Execution is the […]
SIX Group Fines Swissquote for Publicity Violation
The Sanctions Commission of SIX Group has issued a fine of CHF 75,000 against Swissquote Group Holding SA, an online financial and trading services provider, for allegedly violating its provision on ad hoc publicity. AloGatewayis a Global payment processing service and solutions provider able to cater to a multitude of clients ranging from small family-owned […]