Skip to content
  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
wikifx

wikifx

  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
  • Toggle search form
  • Coinbase applies for NFA registration as Futures Commission Merchant forex news
  • DOJ names 34 witnesses in lawsuit against ex-JPMorgan traders forex news
  • CQG to launch newest trading and analytics platform, CQG One forex news
  • ICM Capital Forex Broker, ICM Capital Review 2022 forex news
  • CMA invites comments on S&P / IHS Markit merger remedy forex news
  • The Croftcapital platform cannot withdraw funds, and the New Zealand FMA issues a warning! forex news
  • Exclusive: Singapore FX broker Samtrade gets FCA and ASIC licenses forex news
  • TraderEvolution adds options trading and analysis tools to its mobile apps forex news

Admiral Markets gets misdemeanour decision from Estonia regulator, pays €20K fine

Posted on 2022-02-23 By admin No Comments on Admiral Markets gets misdemeanour decision from Estonia regulator, pays €20K fine

Admiral Markets AS, the Estonia based Retail FX and CFDs brokerage group with operates the Admirals brand, has issued a statement regarding the decision of Estonia financial regulator Finantsinspektsioon t0 fine the company regarding the reporting of client trades.

The Estonian Financial Supervision Authority has forwarded a misdemeanor decision to Admiral Markets AS, according to which the company has violated the Securities Market Act and Regulation (EU) No 648/2012 of the European Parliament and of the Council (EMIR) and a fine of twenty thousand euros has been imposed. According to Admiral Markets AS, the company has made every effort to comply with the reporting obligations.

This is the second run-in Admirals has had recently with the Estonian regulator. Last year the company was fined a larger amount, €32,000, relating to how the broker dealt with negative crude oil prices in April 2020.

Admiral Markets AS said that it used the assistance of market-recognized, qualified and professional service providers for reporting. The outsourcing of the reporting service is a common market practice, which is why the company said it has not intentionally disregarded the reporting obligation or acted negligently in fulfilling its obligations.

The company said that it started to correct errors immediately upon detection of errors in reporting, but this was not technically possible within the time allowed for reporting, which also led to late reporting of the transactions. Admirals has made every effort to properly comply with its reporting obligations and to correct any errors identified in cooperation with the service provider.

Admiral Markets AS noted that it has made a significant contribution to improving the quality of reporting by attracting additional people and investing money. In addition, Admiral Markets AS has decided to change its reporting service provider.

According to the European Securities and Markets Authority, the situation regarding timely technical reporting obligation is the same across Europe.

forex news Tags:forex-news

Post navigation

Previous Post: INFINOX unveils advanced MetaTrader 5 into its platform offering
Next Post: Cboe Silexx enhances Corporate Calendar and Option Chain

Related Posts

  • SEC secures final judgments in case targeting startup company investment scam forex news
  • eToro clients can now make use of recurring deposits forex news
  • AEGIS Hedging acquires Emission Advisors forex news
  • Fiserv offers new capabilities for better liquidity management by financial institutions forex news
  • UK watchdog slams crypto platform Ziglu ad as misleading forex news
  • Rakuten Securities further expands lineup of US stocks forex news

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • EUR/USD Holds Near 1.05 as Fed, ECB Policies Shape Market Sentiment
  • Gold Prices Hold Steady Amid Global Economic Uncertainty
  • Australian Dollar: How RBA Policies, Commodity Prices, and Global Tensions Are Shaping the AUD’s Market Performance
  • EUR/USD: Understanding the Currency Pair’s Trends
  • USD Under Pressure: Navigating Economic Data and Global Uncertainties

TAG

Axiory Review 2022 B2B B2Broker News Basic Forex Knowledge broker brokers brokers in the UK Brokersview Broker tools CFDs coin News cryptocurrency Cryptocurrency News Crypto News dogecoin FCA news finance forex forex-news Forex Broker Forex Brokers Forex Demo Account Forex market forex news forex scams forex time Forex trading fx fxtrader fxtrading Global Forex Gold Analysis HotForex InstaForex LiteForex Review 2022 markets work MT4 MT5 news OctaFX Review Samtrade FX South Africa trade Forex traders Trading Forex
  • Exness hires Wael Makarem as Senior Market Strategist – MENA forex news
  • DNB: The climate impact per bitcoin transaction is rising forex news
  • Retail FX broker shares hit hard by market turmoil: NAGA.com -15%, Swissquote -5%… forex news
  • FX week in review: eToro and Dukascopy results, PayPal UK crypto trading, Libertex license forex news
  • Bank of America sees rise in Global Markets income in Q3 2021 forex news
  • Fiserv offers new capabilities for better liquidity management by financial institutions forex news
  • UK Govt consults on regulation of mini-bonds forex news
  • Nordea names Mark Kandborg its new Chief Risk Officer forex news

Copyright © 2025 wikifx.

Powered by PressBook News WordPress theme