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TradingBlock has agreed to a $210,000 fine and censure from FINRA for failing to maintain an adequate anti-money laundering program since December 2018. The firm also undertook to certify remediation of its AML policies and procedures.
CME Group’s Chicago Mercantile Exchange Business Conduct Committee has sanctioned pit broker Michael Cohen for rule violations related to a SOFR options trade executed on June 7, 2024. The panel found that Cohen prearranged and noncompetitively executed the trade at an unsanctioned quarter-tick price, ordering a fine and a temporary trading floor suspension.
The SEC has filed a civil complaint against John Sterling Myers, Sterling Capital, LLC, and Sterling Capital Management, LLC over alleged fraud involving a pooled investment fund. Regulators claim Myers misappropriated investor assets, fabricated performance, and violated multiple federal securities laws.
The Cyprus Securities and Exchange Commission has withdrawn the Cyprus Investment Firm authorisation of Conotoxia Ltd, halting its regulated investment services in Cyprus. The decision follows findings that the company no longer met ongoing authorisation requirements, including governance and organisational standards.
