The Financial Conduct Authority (FCA) has significantly strengthened its surveillance of transaction reporting and Suspicious Transaction and Order Reports (STORs), with particular attention directed towards sectors offering spread betting and contracts for difference (CFDs). This intensified scrutiny reflects a concerning…
As we approach 2025, regulated firms continue to face an evolving regulatory landscape that demands proactive planning and investment. To navigate these changes successfully, and as part of 2025 planning, regulated firms need to allocate sufficient budget and resources not only…
Check out the latest edition of PIMFA – Personal Investment Management & Financial Advice Association‘s “Journal”, featuring Emily Wright, our Surveillance specialist at Leaman Crellin. Emily shares her expertise on E-Communications Surveillance, its growing importance within financial institutions, as well as the obstacles…
Introduction In recent years, the financial services sector has witnessed a series of regulatory fines imposed on firms due to inadequacies in maintaining comprehensive records of employee electronic communications (e-comms). The latest news involves a new round of fines totalling…
The regulator is increasingly asking to see your market abuse risk assessment and often at short notice. In this article we provide some tips on what you should be considering as you refresh your own market abuse risk assessment. It…
FCA has been investigating UK based brokers involvement in cum/ex dividend arbitrage schemes. As it progresses its investigation the FCA has been working with regulators around the world. The FCA investigation thus far has centred around four entities known as…
The Financial Times has reported that BNP Paribas is facing mis-selling allegations over fx derivatives to Spanish corporate clients. It also reports that Deutsche Bank staff have also been facing allegations of mis-selling financial instruments. Both cases are familiar stories…
As a reminder TFS – ICAP received fines of £3.4 by FCA and $7 million by the CFTC. Former senior managers Ian Dibb and Jeremy Woolfenden were fined $500,000 each and they agreed not to apply for registration for 5…
Quick Recap Assuming you are broadly aware of this issue here is a brief recap: Investors getting together on internet message boards (mainly on Reddit) and buying up stocks where they perceive short sellers have interest. This has resulted in…
ESMA’s review of the Market Abuse Regulation places reliance and expectations on the Global FX Code. Particularly in relation to whether, or when, to regulate spot FX (forex). Both ESMA and the FCA want to see the impact of the…