Tag: penalty
Metropolitan Commercial Bank faces hefty $14.5m fine over ID breaches
The Federal Reserve Board has clamped down on Metropolitan Commercial Bank, imposing a substantial fine of approximately $14.5m.
SEC charges numerous firms for identity theft prevention deficiencies
The SEC has separately charged JP Morgan Securities, UBS Financial Services and TradeStation for deficiencies relating to the prevention of customer identity theft.
UBS issued $500,000 fine from CFTC
The Commodity Futures Trading Commission (CFTC) has issued a $500,000 fine to UBS for alleged violations of audio recording regulations.
US SEC issues $5m penalty to Morgan Stanley for misleading clients
The US’ Securities and Exchange Commission (SEC) has issued a $5m penalty to Morgan Stanley Smith Barney after it providing misleading information to clients in its retail wrap fees programmes.
