SEC fines brokerage firm Albert Fried & Co $300,000 for anti-money laundering failures LeapRate

June 02, 2016 BY LeapRate Staff

SEC fines brokerage firm Albert Fried & Co $300,000 for anti-money laundering failures

Continuing its crackdown on money laundering issues at brokerage firms, the U.S. Securities and Exchange Commission (SEC) charged a Wall Street-based brokerage firm with failing to sufficiently evaluate or monitor customers’ trading for suspicious activity as required under the federal securities laws. An SEC investigation found that Albert Fried & Company failed to file Suspicious Activity…

May 18, 2016 BY LeapRate Staff

Raymond James gets $17 million FINRA fine for systemic Anti-Money Laundering (AML) failures

US securities regulator The Financial Industry Regulatory Authority (FINRA) has announced a fine against units of Raymond James Financial, Inc. (NYSE:RJF) totaling $17 million for what it called widespread failures related to the firm's anti-money laundering (AML) programs. The fines were for failing to establish and implement adequate AML procedures, which resulted in Raymond James' failure…

January 27, 2016 BY LeapRate Staff

CySEC fines Part II: Banc de Binary settles for €350,000, 24option parent fined €156,000

We said that this was coming. Following a wave of reviews of some of the largest Cyprus-based regulated forex and binary options brokers undertaken by financial regulator CySEC over the past few months, we reported in late November on a number of fairly large (by Cyprus standards) > €100,000 fines and settlements issued to a…

Tag: anti-money laundering fine