Authorities seized 138 million rand worth of property, allegedly bought with investors money, including houses, BMWs, Jaguars and more.
It can be logically assumed that CySEC's next step would be that brokers make call centers either a tied agency or a wholly owned subsidiary
ASIC says Andrew Jeffers made false or misleading statements regarding benefits from clients' losses and taking the other side of the trade.
The clone company is abusing the license of ayondo global markets, formerly known as Gekko Global Markets which has been authorized since 19
The firm can no longer open new trades.
Despite stepping down, Mr. Wheatley will continue acting as a de-facto adviser to the FCA Board until January 31, 2016.
The receiver claims that the broker is trying to delay jury hearings, while FXCM has cited an arbitration clause in an agreement with the fr
The Ponzi scheme was placed on CRFIN's blacklist in June 2015, and the FCA warned of the fake "London broker" back in 2014.
In an interesting twist, the of head of trading at FXWMA was the trader suspended from Rabobank over the FX manipulation scandal last year.
The FCA has published a new process that helps define how it opts to utilize the appropriate regulatory tool in a case-by-case situation.
The Danish FSA has received a total of 38 complaints against Saxo Bank, all attributable to the CHF incident.
The brokerage has not been paying out deposits to clients for a number of months after allegedly bumping into operational issues
After suspending the license of CommexFX, CySEC reveals that it has fined the firm €100,000 and Abdel Rahman El Amary €30,000.
ASIC has requested from Interactive Brokers to cease providing all over-the-counter FX services in Australia.
Safecap Investments was the target of a €168,000 fine from CySEC, the largest such penalty applied by the financial regulator this year.
The two international self regulatory organization have agreed to coordinate their complaints resolution process with each other.
The new law also ignores the status of foreign licenses, allowing unregulated brokers abroad to transition into a regulated Israeli firm.
Representatives of the central bank, brokers and self-regulatory organizations have shared that the industry is not prepared for regulation
The Retail Foreign Exchange Dealers and Swap Dealers will get reduced representation with five seats, down from the current seven
The figure does not apply to those customers who have agreed to their claims with the U.K. Financial Services Compensation Scheme