<p>On Thursday, the Australian Securities and Exchange Commission (<a href=”https://www.financemagnates.com/terms/a/asic/” class=”terms__main-term” id=”dfb41d67-b79e-4b09-b365-1f341b85a51b” target=”_blank”>ASIC</a>) published a new report regarding <a href=”https://www.financemagnates.com/tag/whistleblowers/” target=”_blank” rel=”follow”>whistleblowers</a>’ best practices. The Aussie market regulator wants to encourage people to disclose important information that might help identify potential fraudulent activities in the financial markets.</p><p>ASIC Wants to Encourage Whistleblowers</p><p>In its review of whistleblower programs across various industries, ASIC […]

<p>The National Futures Association (NFA) in the United States has brought a total penalty of $350,000 against a London-based introducing broker, GMG Brokers LTD, and two employees for engaging in deceptive conduct and failing to observe high business standards, among other things.</p><p>NFA Fines GMG Brokers</p><p>The self-regulatory organization passed two orders to impose the penalty. One was against GMG, <a href=”https://www.financemagnates.com/binary-options/nfa-fines-us-broker-coquest-275000-for-compliance-failure/” […]

<p>The European Parliament’s Economic Affairs Committee on Wednesday voted in favour of a draft law from the European Commission that seeks to ban payment for order flow (PFOF). The pro-ban vote clashes with the decision of EU member states to allow PFOF under specified strict conditions and in countries that chose to adopt it. </p><p>The vote has, therefore, pitted EU […]