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Turkey Bans Cryptocurrencies for Payments

Turkey Bans Cryptocurrencies

Turkey's central bank (CBRT) in a surprising move, banned the use of all cryptocurrencies and digital assets to payments for services and goods, citing possible damage and significant transaction risks

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CFTC Orders New York Man to Pay More than $1 Million for Role in Fraudulent Binary Options Scheme

binary options fraud

CFTC issued an order filing and settling charges against Glenn Olson for his role in a binary options fraud that harmed U.S. customers involving Blue Bit Banc and Blue Bit Analytics, Ltd, located in Turks and Caicos

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ASIC bans the sale of binary options to retail clients

Banking Code ASIC binary options

ASIC has made a product intervention order banning the issue and distribution of binary options to retail clients.

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ASIC’s CFD product intervention order takes effect

CFD's

ASIC’s product intervention order imposing conditions on the issue and distribution of contracts for difference (CFDs) to retail clients takes effect from today.

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CFTC Charges Former Fuel Oil Trader with Manipulating Fuel Oil Benchmark

CFTC manipulation

CFTC issued an order filing and settling charges against Emilio José Heredia Collado of Lafayette, California for engaging in attempted manipulation and manipulation of a U.S. price-assessment benchmark relating to physical fuel oil products.

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CFTC Orders Coinbase Inc. to Pay $6.5 Million for False, Misleading, or Inaccurate Reporting and Wash Trading

Coinbase

CFTC today issued an order filing and settling charges against digital asset exchange operator Coinbase Inc., based in San Francisco, California, for reckless false, misleading, or inaccurate reporting as well as wash trading by a former employee on Coinbase’s GDAX platform

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SEC Charges California-Based Fraudster With Selling “Insider Tips” on the Dark Web

DARK WEB insider tips

SEC charged James Roland Jones of Redondo Beach, California, with perpetrating a fraudulent scheme to sell what he called “insider tips” on the dark web.

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SEC Obtains Emergency Asset Freeze, Charges California Trader with Posting False Stock Tweets

ARCS Arcis Resources Corporation

According to the SEC's complaint, which was filed under seal in federal court in the Central District of California on March 2, 2021 and unsealed today, Andrew L. Fassari used the Twitter handle @OCMillionaire to tweet false statements about Arcis Resources Corporation (ARCS)

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FCA starts criminal proceedings against NatWest Plc

National Westminster Bank Natwest

FCA has today announced that it has commenced criminal proceedings against National Westminster Bank Plc (NatWest) in respect of offences under the Money Laundering Regulations 2007

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MAS Makes Senior Management Changes

Ms Ho Hern Shin

MAS announced four new senior management appointments as part of an ongoing process to renew MAS’ leadership bench. Ms Ho Hern Shin, currently Assistant Managing Director (Banking & Insurance), will be appointed Deputy Managing Director

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