The new rules require NFA forex dealer members to ramp up a range of risk management practices, including increasing capital requirements.
With reporting rules being implemented for margin FX and CFD trades in Australia, TRAction Fintech is launching a solution for brokers
The Australian watchdog has requested that brokers stop onboarding clients from the country until their local licensed subsidiary is ready.
The Maltese bank (BOV) explained that as soon as money laundering is suspected, it's legally obliged to stop all transactions.
Affected investors in CMW's managed fund are seeking legal recourse over alleged fraud, filing a class action in a bid to recover money.
The Brazilian declaration mandates the immediate suspension of any public offering of investment opportunities by IronFX.
'Forex Trend 2.0' has been formally postponed, just one week after Concorde Capital found itself facing SEC charges for fraud.
The FDRS points out that only one of the disputes on hand at year end does not relate to a forex trading platform.
Some of the traders allegedly used insider information to trade on CFDs through various online brokers
The Maltese prime broker says that the SEC complaint completely misrepresents its business model and the regulatory conditions it operates i
The traders knew that false CFD orders placed with DMA providers would immediately and automatically affect the underlying share price.
“Exante and Global Hedge frequently made illicit trades in the same securities, on the same days and around the same time,” said the US SEC.
The move calls into question the advantage of taking over an Australian licensed firm to access the market, a common practice in the industr
Cyprus headquartered brokerage IronFX led by its CEO Markos Kashiouris is under scrutiny of the local regulator after withdrawal issues
The fraudsters took over $35 Million from investors but never really traded on the FX market.
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.