Regulation

Saxo Bank Fined €42m by Danish Regulator Over AML Failures

Saxo Bank Fined €42m by Danish Regulator Over AML Failures

Key Takeaways Saxo Bank was fined €42 million by Denmark’s financial regulator for breaches of anti-money laundering requirements linked to client due-diligence failures. The violations related mainly to white-label client monitoring between early 2021 and May 2023, with no confirmed cases of money laundering identified. The fine will reduce the…
Staff Writer By Staff Writer
26th Jan 2026

HTFX Exits Cyprus as CySEC Confirms License Withdrawal

Quick Summary HTFX has voluntarily relinquished its CySEC licence, formally exiting the Cyprus regulatory regime. The broker can no longer offer investment services from Cyprus under a Cyprus Investment Firm (CIF) authorisation. CySEC confirmed the withdrawal was not enforcement-related, though HTFX must still meet remaining legal and wind-down obligations.  …
Staff Writer By Staff Writer
24th Jan 2026
Fortrade Secures DFSA Licence in Dubai

Fortrade Secures DFSA Licence in Dubai

Quick Summary Fortrade has secured a DFSA licence for its DIFC entity, expanding its regulated presence in Dubai The approval places the broker within the DIFC regulatory framework, alongside banks and global financial institutions The move strengthens Fortrade’s Middle East footprint, complementing its existing global licences   Fortrade has expanded…
Staff Writer By Staff Writer
21st Jan 2026
Polish Regulator Fines Two US “Trading Education” Firms Over Pyramid Scheme Practices

Polish Regulator Fines Two US “Trading Education” Firms Over Pyramid Scheme Practices

Short Summary Poland’s competition watchdog has fined two US-based trading education firms over pyramid-type incentive schemes Regulators found earnings depended mainly on recruitment, not on genuine education or product sales iGenius was fined PLN 14.67 million, while International Markets Live was fined PLN 9.48 million UOKiK warned that modern pyramid…
Staff Writer By Staff Writer
04th Jan 2026

FINRA Fines SogoTrade $75,000 Over Market-Access Control Failures

Quick Summary FINRA has fined SogoTrade $75,000 and issued a censure over market-access control failures The violations date back to 2018, with regulators citing weak risk controls and supervision FINRA found order limits were set too high to effectively prevent erroneous trades SogoTrade must certify remediation within 60 days under…
Staff Writer By Staff Writer
30th Dec 2025
Kingswood Fined $150,000 by FINRA for Supervision Failures

Kingswood Fined $150,000 by FINRA for Supervision Failures

Quick Summary Kingswood fined $150,000 by FINRA for failing to supervise sales of illiquid investments to elderly clients. The firm lacked adequate policies to evaluate risk concentration and respond to red flags. Affected investors had up to 96% of their net worth in illiquid assets. The case underscores regulatory scrutiny…
Staff Writer By Staff Writer
15th Dec 2025
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