fine
UBS fined $51m in Hong Kong for overcharging customers
UBS has been hit with a HK$400m ($51.1m) fine by the Hong Kong Securities and Futures Commission (SFC) for overcharging…
UBS fined for lapses in addressing municipal securities short positions
UBS Financial Services has been fined $2m by FINRA for failing to address short positions in municipal securities on time. As…
Merrill Lynch fined for lapses in responding to regulatory data requests
Merrill Lynch, Pierce, Fenner & Smith has been fined $300,000 by the U.S. Commodity Futures Trading Commission (CFTC) to settle…
Credit Suisse hit with fine in Hong Kong for regulatory failures
Swiss banking group Credit Suisse has been fined HK$2.8m ($3,58,260) by the Securities and Futures Commission (SFC) in Hong Kong…
Goldman Sachs fined £34.3m for reporting breaches
Goldman Sachs International (GSI) has been hit with a fine of £34.3m by the UK’s Financial Conduct Authority (FCA) for…
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FCA imposes penalty of £27.6m on UBS for reporting lapses
The UK’s Financial Conduct Authority (FCA) has slapped Swiss private banking giant UBS with a £27.6m ($36.61m) fine for misreporting…
UBS and rivals fined over IPO sponsor failings in Hong Kong
UBS, Standard Chartered Securities, Morgan Stanley Asia, and Merrill Lynch Far East have agreed to pay a combined $100m to…
Private banks’ biggest fines for tax evasion
In the wake of UBS' recent mammoth $3.7 billion fine for helping clients in France conceal assets, Private Banker International…
Cantor Fitzgerald hit with fine for short sale breaches
US-based investment firm Cantor Fitzgerald has been fined $2m by the FINRA for flouting short sale and supervisory norms. According…
FCA fines two asset managers for competition law violations
The UK's Financial Conduct Authority (FCA) has fined money managers Hargreave Hale and River and Mercantile Asset Management (RAMAM) for…