The violations are said to have involved more than 330 million trade confirmations issued between February 2014 and November 2024, which contained misleading or incomplete disclosures regarding average trade prices. FINRA found that UBS either incorrectly indicated that a trade price "may" be an average price when it was not or failed to disclose that…
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In its disciplinary action document, the regulator said the violations occurred over a seven-year period from October 2015 to December 2022 and involved more than 4.2 million transactions in options and issued options. Free-riding, a prohibited practice under U.S. securities regulations, involves customers buying and selling securities before paying for them in options and issued…
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The regulator published a Consultation Paper on 27 December 2024. The proposal also requires that a Greek summary accompany all prospectuses to safeguard investor accessibility. Currently, CySEC mandates that prospectuses be prepared in Greek, with exceptions allowing English under certain conditions. However, the proposed amendment seeks to broaden these exceptions, enabling more issuers to use…
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The move aimed at enhancing the bank’s data-driven services by integrating advanced artificial intelligence (AI) technologies and predictive analytics to provide greater value to customers and streamline internal processes. BBVA explained that the new unit combines generative and predictive AI to use historical data for future trend forecasting. This is with the aim of accelerating…
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The regulator added that the fine is part of a larger $250,000 settlement which was resolved “simultaneously with similar matters.” FINRA states: "Regulation M under the Securities Exchange Act of 1934, in relevant part, makes it unlawful for underwriters, broker-dealers, and other distribution participants to directly or indirectly 'bid for, purchase, or attempt to induce…
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The SFC investigation is said to have found that Ever-Long fell short in conducting due diligence, disclosing material issues, and ensuring the accuracy of the Application Proof submitted for Coastal’s listing. The regulator explained that key failures included neglecting to verify the rationale and legality of a leasing arrangement central to Coastal's business model, which…
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The company revealed that effective 1 July 2025, three international subsidiaries—MUFG Securities EMEA plc, MUFG Securities Asia Limited, and MUFG Securities (Canada), Ltd.—will transfer from Mitsubishi UFJ Securities Holdings Co., Ltd. (MUSHD) to become direct subsidiaries of MUFG Bank. The move is subject to regulatory approvals in Japan and abroad. The restructuring is said to…
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The fine was for inaccuracies in its short interest positions reporting and deficiencies in its supervisory systems. According to FINRA, the violations spanned over 16 years, from June 2008 to August 2024, involving approximately 820,000 short interest positions totalling 77 billion shares. The regulator found that J.P. Morgan both overreported and underreported short interest data…
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The payments giant said in a release Thursday that it indicates a consumer base willing to spend, albeit with a focus on value. The data aligns with Visa's recent holiday spending report, which recently reported a 4.8% year-on-year increase in holiday retail spending across the United States. Mastercard said online shopping remained a strong preference,…
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In a press release this week, the payments giant explained the data reflects total spending from all payment methods, including cash and cheque, over a seven-week period starting on 1 November 2024. The findings highlight a potential resurgence in consumer confidence and adaptability among retailers. Wayne Best, Visa’s chief economist, noted: “This spending growth demonstrates…
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