Fine Financial News

17.07 / 11:31

UPS Fine Pakistan performs a fine balancing act, again

Several media reports of late have said that Pakistan has been supplying weapons to Ukraine for that country’s resistance against the Russian invasion. Most such reports seem to originate from the Indian media but there is the occasional non-Indian source that goes into some detail about such transfers. Pakistan’s defence relationship with Ukraine, over three decades old, is valued at some$1.6 billion but the flow has largely been towards Pakistan, in the form of T-80 UD battle tanks. It is these tanks, and some artillery ammunition, that Pakistan is suspected of sending to Ukraine.

14.07 / 09:11

Law regulation community Celsius Fine Celsius 'pleased' with resolutions amid $4.7B FTC fine

Bankrupt crypto lender Celsius Network has posted that the company is pleased with the resolutions that it was able to reach with various United States government agencies. The announcement came after the news that the FTC has imposed a $4.7 billion fine on the company.

12.07 / 11:55

UPS JPMorgan Enterprise Covenant penalty Fine Crown’s $450m fine could point to lower-than-expected Star penalty

The $450 million penalty handed to Crown Resorts for breaches of anti-money laundering and counter-terrorism laws is pointing to a lower-than-expected fine for its ASX-listed rival, Star Entertainment.

11.07 / 18:47

Williams Action Fine Six states impose $4.2M fine on Raymond James for excessive fees

Six states ordered Raymond James to pay $4.2 million in fines and penalties and return $8.25 million to retail customers who were charged excessive commissions for small-dollar trades.

11.07 / 07:33

Fine Australia court approves $300m money laundering fine for Blackstone's Crown Resorts

SYDNEY (Reuters) — An Australian court signed off on a A$450 million ($300 million) fine for Blackstone-owned owned casino operator Crown Resorts for breaking anti-money laundering laws, ending the darkest chapter in the company's history.

10.07 / 12:57

UPS IPO Reuters Fine Ant Explained: What’s next for Ant after its nearly $1 billion fine?

Ant Group has drawn a line under the fintech giant's woes and given hope to investors that a regulatory crackdown on China's broader technology sector is over. Ant's story so far has been one of a dramatic reversal in fortunes: while its shelved $37 billion IPO in 2020 had valued the company at $315 billion, a share buyback announced on Saturday valued it 75% less at $78.5 billion.

10.07 / 04:09

COST MAIL Deal Fine Costly misinterpretation: A thumbs-up emoji leads to a ₹50 lakh fine in Canadian farming deal

Chris Actor was unable to fulfill the agreement, and unfortunately, the price of the crops had significantly risen by then. As a result, Chris Actor was fined ₹50 lakh. This incident serves as a valuable lesson for all of us regarding the potential consequences of misinterpreting emojis.

09.07 / 18:35

UPS FIVE Platform Jail Fine BJP MP Manoj Kotak proposes 7 years' jail, Rs 10 lakh fine for fake news

BJP MP has moved a private member's bill for prohibition of fake news, which proposes imprisonment of up to seven years or fine of up to ₹10 lakh or both. At a time when there is a surge in fake news on social media, BJP MP Manoj Kotak, in his private member's bill titled 'Prohibition of Fake News on Social Media Bill, 2023', proposes to set up a social media regulatory authority comprising an MP each from both Houses of Parliament for prohibition of fake news.

08.07 / 22:31

UPS BLOCK Waters Strategy Telstra Fine Day trader behind ASIC’s Openmarkets fine boasted of being ‘a sniper’

On January 2, 2020, little-known Latvian-born day trader Philip Tauberman sent the first of more than 2000 suspicious trade orders that would eventually land his stockbroker, Openmarkets, in hot water with the corporate regulator.

07.07 / 19:53

UPS IPO Reuters Platform Tencent Fine Ant regulatory China ends Ant Group's regulatory revamp with $984 million fine

By Julie Zhu and Jane Xu

07.07 / 14:59

IPO Lowe's Platform Fine Ant China hits Alibaba affiliate Ant Group with $985 million fine for violating various regulations

In this article

07.07 / 13:05

UPS Provident FIVE Google Mobile Fine SC to hear pleas of Google, CCI on 14 July related to ₹1,338-crore fine on tech giant

National Company Law Appellate Tribunal (NCLAT) had on 29 March handed out a mixed verdict on Google's alleged anti-competitive practices in the case - upholding a fine of ₹1,338 crore but scrapping conditions like allowing hosting of third-party app stores on its play store. The NCLAT had struck down anti-trust regulator order that had said Google will not restrict the removal of its pre-installed apps by the users.

07.07 / 12:39

IPO Reuters Fine Ant Chinese central bank imposes $984-million fine on Ant Group

China's central bank on Friday announced a fine of 7.12 billion yuan ($984 million) for Ant Group.

07.07 / 09:21

UPS IPO Reuters Enterprise Fine Ant end regulatory China to end Ant Group's regulatory revamp with fine of at least $1.1 billion

Ant Group as soon as Friday, sources with direct knowledge of the matter said, bringing an end to the fintech company's years-long regulatory overhaul. The People's Bank of China (PBOC), which has been driving the revamp at Ant after its $37 billion IPO was scuttled in late 2020, is expected to disclose the fine in the coming days, the sources told Reuters. The penalty, which would be one of the largest ever fines for an internet company in the country, will help pave the way for the fintech firm to secure a financial holding company license, seek growth, and eventually, revive its plans for a stock market debut.

06.07 / 21:59

Facebook UPS Twitter CEO Platform Action Fine elon ‘Competition is fine, cheating is not’: Elon Musk after Threads launch

In a recent tweet, Elon Musk has broken his silence on Meta's Twitter competitor Threads after the news of his lawyers sending a cease and desist letter to Mark Zuckerberg started spreading online. The new app has seen a very successful launch, as Zuckerberg has revealed that more than ten million users signed up within the first seven hours, dwarfing the launch of some other popular platforms. Earlier Thursday, news portal Semafor reported that Twitter has threatened legal action against Meta Platforms over its new, text-based app called Threads, citing a letter sent to Facebook parent's CEO Mark Zuckerberg by Twitter's lawyer Alex Spiro.

06.07 / 14:15

UPS Provident Booking Interface Fine Mystery trader in Openmarkets’ record-setting ASIC fine revealed

Sydney-based trader, Philip Tauberman, is the mystery “client” at the centre of a record $4.5 million penalty handed down by ASIC’s markets disciplinary panel to Openmarkets on Thursday morning, Street Talk can reveal.

06.07 / 14:15

UPS Provident Strategy DISH epic Fine The whale behind Openmarkets’ epic ASIC fine

Openmarkets will pay the biggest penalty the corporate regulator’s market disciplinary panel has imposed, $4.5 million, after being pinged for suspicious trading and compliance failures on multiple occasions.

05.07 / 08:05

Twitter Action reports Fine Shah Rukh Khan is fine, reports about his health ‘completely false’

Shah Rukh Khan fans, the reports of Bollywood's biggest star have turned out to be false. Reports had claimed Khan had suffered a minor accident while shooting for an undisclosed project in the US, resulting in a nose injury. It was also reported that the veteran Bollywood actor had to get a nose surgery as a result of the injury.

30.06 / 14:11

NIFTY Fine Sebi holds RIL arm guilty of F&O trade manipulation, imposes Rs 7,00,000 fine

Sebi) has held Reliance Strategic Investments Ltd, a subsidiary of Reliance Industries, guilty of manipulation while trading in long dated Nifty options in 2017, and has imposed a fine of Rs 7,00,000. The said amount of penalty needs to be paid within 45 days of the receipt of this order, the regulator said.

29.06 / 20:19

CFTC Fine Ex-Trader Ackerman Ordered to Pay $54 Million Fine for Crypto Fraud

The former New York Stock Exchange broker Micahel Ackerman has been ordered to pay $54 million in penalties by a federal court for running a crypto fraud, as per a release from the Commodity Futures Trading Commission (CFTC).

23.06 / 16:43

business Government SEC lending FTX creditors Fine SEC waives BlockFi's $30M fine until creditors are paid

The United States Securities and Exchange Commission (SEC) has agreed to postpone the payment of a $30 million fine from bankrupt crypto lender BlockFi until creditors are paid back. The amount represents the balance of a $50 million settlement with the regulator from February 2022.

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