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Cftc
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
Investing in US Securities? Something is Stalking You …
Thought Leadership
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
Investing in US Securities? Something is Stalking You …
Thought Leadership
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CFTC
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Binary Options
Court Orders $204.6 Million Penalties in CFTC Binary Options Case
The defendants were found guilty of illegal binary options trading and fraudulent practices.
They are permanently barred from CFTC registration and trading on any registered entity.
Thursday, 14/03/2024 | 17:36 GMT
by
Tareq Sikder
Retail FX
Breaking: My Forex Funds Seeks Sanctions against the CFTC
In a motion submitted to court, My Forex Funds’ lawyers sought sanctions against the regulator for alleged misrepresentation of facts.
The CFTC slapped fraud charges on My Forex Funds last August and shuttered the prop trading business down.
Friday, 08/03/2024 | 06:19 GMT
by
Arnab Shome
Retail FX
‘Want to Be My Valentine?’: CFTC Sounds Alarm on Romance Scams
The regulator asked dating and messaging apps and social media users to be wary of any messages from strangers promoting crypto or FX.
Scammers build an aura of relationships for weeks before pitching fraudulent schemes.
Thursday, 08/02/2024 | 08:30 GMT
by
Arnab Shome
Retail FX
Investor Warning: CFTC Highlights Risks of AI Investment Schemes
Scammers exploit AI by claiming high returns using trading bots, signal, and crypto-asset arbitrage.
The advisory cited a Ponzi scheme, exploiting AI interest and causing investor losses.
Friday, 26/01/2024 | 10:08 GMT
by
Tareq Sikder
Retail FX
Regulators Flex Tech Muscle: Report Reveals Global Surge in Financial Fines
The SEC and CFTC jointly imposed $9.2 billion in penalties.
The FCA experienced a seven-year low with only eight fines totaling £52.8 million.
Thursday, 25/01/2024 | 12:05 GMT
by
Tareq Sikder
Institutional FX
FMX Futures Exchange Gains CFTC Approval for US Treasury and SOFR Futures
Highly traded globally, US Treasury and SOFR futures are among the world's most traded contracts.
FMX's clearing pact with LCH SwapClear strengthens its market position.
Tuesday, 23/01/2024 | 10:34 GMT
by
Tareq Sikder
News
Binance Faces Legal Showdown as Judge Questions SEC Lawsuit Dismissal Request
Last June, the SEC accused Binance's US arm of inflating volumes, diverting funds, and providing misleading information.
The firm settled for $4.3 billion with the DOJ and CFTC over illicit finance breaches last year.
Monday, 22/01/2024 | 17:42 GMT
by
Tareq Sikder
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Retail FX
US Forex Leaders Gain Capital and OANDA Maintain Market Dominance in November 2023
The retail FX obligations slightly declined in November, totaling $518.2 million.
Gain Capital and OANDA lead with the highest numbers.
Thursday, 18/01/2024 | 12:59 GMT
by
Damian Chmiel
Retail FX
Tradewale's Deceptive Forex Scheme Ends in $2.8M Fine
The court penalizes the company and its founder for false FX fund claims.
Scammers promised unrealistic profits using artificial intelligence.
Thursday, 28/12/2023 | 15:56 GMT
by
Damian Chmiel
Retail FX
Action against Retail Forex Fraud: Companies, Individuals to Pay $60M for Settlement
The primary defendant was criminally convicted last year and sentenced for 23 years.
The schemes defrauded more than 800 investors of about $80 million.
Thursday, 21/12/2023 | 04:30 GMT
by
Arnab Shome
Retail FX
CFTC Secures $102 Million Penalties in Highrise Advantage Forex Scandal
Court documents reveal that Highrise and Singh accumulated nearly $58 million from investors and feeder funds.
The CFTC initiated a civil enforcement action on September 9, 2020, against Singh, Highrise, and eight other defendants.
Wednesday, 20/12/2023 | 17:39 GMT
by
Tareq Sikder
CryptoCurrency
US Court Approves $2.7 Billion Settlement of Binance and Zhao with the CFTC
Zhao will personally pay $150 million, while Binance will come up with the rest.
The settlement was reached last month.
Tuesday, 19/12/2023 | 07:03 GMT
by
Arnab Shome
Retail FX
Retail Forex Deposits in US Experience Marginal Rise to $518 Million
October's data showed a slight rebound from September's lows.
Trading.com experienced the most significant percentage increase in the deposit's value.
Tuesday, 12/12/2023 | 09:20 GMT
by
Damian Chmiel
Retail FX
My Forex Funds Read the Fine Print: Did the CFTC File One Document Too Many?
The prop firm claims that an email submitted by the regulator to court proves they "knowingly included false information."
Finance Magnates reached out to the CFTC but hasn't received any comment.
Wednesday, 06/12/2023 | 15:48 GMT
by
Arnab Shome
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Retail FX
Federal Court Drops $20 Million Fine on Ponzi Scheme Trader
The CFTC and the court fined Phillip Galles for conducting a fraudulent scheme.
Unfortunately, victims may not recover lost funds despite the ruling.
Thursday, 16/11/2023 | 12:27 GMT
by
Damian Chmiel
Retail FX
News Nuggets | 16 November: Fortex Integrates with StoneX; XS.com Appoints Country Manager
Wedbush Securities was fined $350,000; the SEC charged traders following a fraud valued at $1.5 million.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 16/11/2023 | 11:17 GMT
by
Damian Chmiel
Retail FX
US Forex Brokers Hit a Snag as Q3 Closes with Deposit Drop
Gain Capital and Oanda are still the largest brokers in terms of deposits.
However, September's result was the weakest of the quarter.
Tuesday, 14/11/2023 | 20:00 GMT
by
Damian Chmiel
CryptoCurrency
CFTC Tightens the Cryptocurrency Screw: In FY23, 50% of Cases Were Crypto-Related.
49% of all regulatory actions concerned the digital assets market.
As part of the whistleblower program, the CFTC paid out $16 million in a year.
Wednesday, 08/11/2023 | 11:52 GMT
by
Damian Chmiel
Retail FX
News Nuggets | 6 November: VT Markets Expands Team; eToro Implements New Tax Rules
Also, CFTC files fraud charges against FX operator; ASIC launches legal action against Telstra Super.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Monday, 06/11/2023 | 12:12 GMT
by
Damian Chmiel
Institutional FX
SEC Unveils New Rules to Boost Security-Based Swap Market Transparency
Entities that qualify as SBSEFs must apply for registration with the SEC.
The SEC seeks to align the new regulations with the CFTC.
Thursday, 02/11/2023 | 19:54 GMT
by
Jared Kirui
Retail FX
Breaking: My Forex Funds Questions CFTC’s Jurisdictions on Its Business
The defense lawyers filed a motion denying all allegations against the prop trading firm by the CFTC.
The motion stated transactions between MFF and its customers fall outside the scope of the regulator.
Wednesday, 01/11/2023 | 13:17 GMT
by
Arnab Shome
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Retail FX
News Nuggets | 1 November: B2Core Adds cTrader; CFTC Pays This Year Mostly for Crypto Tips
Also, Komainu to boost institutional crypto services in Japan; FINRA announced the departure od Deputy Head of Enforcement.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Wednesday, 01/11/2023 | 11:27 GMT
by
Finance Magnates Staff
Retail FX
Soros-Backed Hedge Fund Manager Convicted in Forex Scandal
The accused now faces up to 10 years behind bars.
The defense argues that Phillips did not commit any wrongdoing and was implementing a legal trading strategy.
Thursday, 26/10/2023 | 07:38 GMT
by
Damian Chmiel
Institutional FX
CFTC Issues Advisory on Enforcement Resolutions
The CFTC has issued an advisory notice addressing key enforcement aspects.
The organization emphasizes reducing the recurrence of offenders.
Wednesday, 18/10/2023 | 11:56 GMT
by
Tareq Sikder
Retail FX
US Forex Brokers Report Increase in August Deposits to $525 Million
According to the CFTC, retail forex obligations in the US rose in the latest reported period.
Market share remained steady, with Gain Capital in the lead.
Tuesday, 17/10/2023 | 11:44 GMT
by
Damian Chmiel
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