TD Ameritrade, the brokerage firm now owned by Charles Schwab, agreed to pay a $600,000 fine from the Financial Industry Regulatory Authority (FINRA) over deficiencies in its automated system for approving customers for options trading.
A federal court has ordered Red Rock Secured LLC, CEO Sean L. Kelly and senior salesperson Anthony “Tony” Spencer to pay over $56 million after defrauding customers in a nationwide precious metals investment scam. The Commodity Futures Trading Commission announced that Judge R. Gary Klausner of the U.S. District Court for the Central District of California entered a consent order on April 23rd finding the defendants liable for fraudulent misrepresentations and unlawful investment advice referenced to the sales of precious metals.
The Financial Crimes Enforcement Network (FinCEN) has issued a timely reminder to financial institutions, urging them to maintain vigilance in identifying and reporting suspicious activities linked to environmental crimes.
Germany's financial regulator BaFin has imposed fines totaling €1.45 million on Commerzbank AG for violating anti-money laundering supervisory obligations. The penalties stem from the bank's failure to adequately monitor and prevent employees from breaching anti-money laundering (AML) requirements.
The French data protection authority CNIL has published its annual report for 2023, shedding light on its activities over the past year across its four main missions. The report comes five years after the landmark EU General Data Protection Regulation (GDPR) took effect, marking a pivotal juncture in data privacy enforcement.
The Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced targeted sanctions against multiple individuals and entities involved in Iran's UAV (Unmanned Aerial Vehicle) program, steel industry, and automobile sector.
The Federal Trade Commission (FTC), Justice Department, and the U.S. Department of Health and Human Services (HHS) have jointly launched an online portal for public reporting of potentially anticompetitive practices in the health care sector.