All posts tagged "Client Money"
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763Australia & NZRegulatory Winds Reshaping Australian Retail Trading
Whether offering OTC derivatives, forex or cryptocurrency, retail trading platforms must put client interests front and centre, says OANDA’s Anthony Griffin.
November 27, 2018 -
529EnforcementTaipei Fubon Bank Fined as Two Officers Misappropriate Client Funds
The FSC has fined the bank $129,000 for internal control failures that allowed two of its officers to misappropriate client funds, and ordered it to dismiss the officers responsible.
October 30, 2018 -
358EnforcementMAS Bars Former UOB Officer for 12 Years
The ex-UOB employee, without a capital markets services licence, had setup a company to invest on behalf of other investors, and later misappropriated SG$520,000 entrusted to him by clients.
August 31, 2018 -
407EnforcementHong Kong Forex Broker Fined for Mishandling Client Money
HPI Forex Limited transferred client money from segregated client account to two overseas brokers, breaching the Code of Conduct and the SFC’s client money rules.
August 23, 2018 -
308ChinaPBOC Penalises Shanghai-based Payment Firms
Kayou Payment Services and Free Me Pay were ordered to exit merchant acquisition business and to pay penalties totaling $5mn for violating payment and settlement rules.
August 2, 2018 -
197Australia & NZAustralia Consults on Enforcement Powers for Client Money Rules
Draft law provides ASIC with wider range of tools to enforce better protections for client money held for OTC derivatives.
April 20, 2018 -
197Australia & NZ
ASIC Updates Client Money Guidance as New Restrictions Take Effect
Licensees may not use OTC derivative client money for own obligations, working capital; new reporting requirements to increase transparency on client money use.
April 6, 2018
