J.P. Morgan Securities LLC has agreed to pay $200 million to settle regulatory charges that it failed for over a decade to properly monitor billions of trading orders on a major U.S. futures exchange due to lapses in its trade surveillance systems.
A telecom company is facing a hefty $2 million fine from federal regulators for its alleged role in transmitting an illegal robocall campaign that used artificial intelligence to spoof President Biden's voice days before the New Hampshire presidential primary.
The Office of the Comptroller of the Currency (OCC) today released its latest round of enforcement actions taken against national banks, federal savings associations, and individuals affiliated with OCC-supervised banks.
The Financial Conduct Authority fined the Hong Kong Shanghai Banking Corporation (HSBC) and Marks and Spencer Financial Services plc(HSBC) £6,280,100 for mishandling and mistreating customers who were financially vulnerable.
The Securities and Exchange Commission has fined Intercontinental Exchange Inc. (ICE) $10 million for failing to properly inform regulators about a cybersecurity breach at the company and its subsidiaries, including the New York Stock Exchange.
In a case highlighting risks around computer-driven trading, Citigroup's UK subsidiary was slapped with $68 million in fines by British regulators after a trader's fat-finger error caused over $1.4 billion of equities to be accidentally sold in a matter of minutes.
The Public Company Accounting Oversight Board (PCAOB) announced a settled disciplinary order against audit firm MaloneBailey, LLP for violations of PCAOB rules and quality control standards.