Forex Regulation News | Finance Magnates

BaFin issues regulatory updates regarding the German branch of Silicon Valley Bank.
The supervisor decided to ban the institution's further operations temporarily.

Monday, 13/03/2023 | 12:15 GMT by Damian Chmiel

finra

FINRA Hits Webull with $3M Fine for Permitting Unqualified Options Traders

FINRA also faulted Webull's supervisory system.
The regulator has fined SageTrader, UBS Securities and others since the start of the year.

Thursday, 09/03/2023 | 21:32 GMT by Solomon Oladipupo

cysec

CySEC Blacklists Six Online Trading Websites

Three of the websites share the same branding.
CySEC kicked against five other unregulated trading platforms in January.

Thursday, 09/03/2023 | 20:14 GMT by Solomon Oladipupo

fca

FCA to Collect Up to £250k Economic Crime Levy, including Crypto Firms

The amount of the fee will depend on the company's revenue.
The smallest entities under the £10.2 million UK revenue are excluded.

Thursday, 09/03/2023 | 10:47 GMT by Damian Chmiel

Maxiflex

CySEC Withdraws Maxiflex's License for Violating Licensing Conditions

Maxiflex allegedly violated rules relating to prevention of use of client funds, others.
CySEC suspended Maxiflex's license completely in October 2021.

Monday, 06/03/2023 | 16:46 GMT by Solomon Oladipupo

Rakuten

Rakuten Securities Hong Kong Warns Investors of Fraudulent Impersonators

Fraudulent actors are impersonating Rakuten Securities HK.
The number of clone companies increased in 2022 and the beginning of 2023.

Monday, 06/03/2023 | 11:53 GMT by Damian Chmiel

Thought Leaders

ZuluTrade Pushes the Boundaries of Social Trading

Wealth Management with a Difference

Wednesday, 15/03/2023 | 08:40 GMT by FM

fsma

FSMA Warns against Webull Clone and 20 Other Unlicensed Platforms

According to Belgium's FSMA, listed platforms may extort money from investors.
A Clone of the WeBull trading brand is one of them.

Thursday, 23/02/2023 | 10:47 GMT by Damian Chmiel

Asic

Another Director of $180m FX Ponzi Scheme Faces 10 Years in Jail

After Irevasi and Papoulias pled guilty, the court charged Sipina with criminal offences.
The Ponzi scheme operated for almost seven years.

Wednesday, 22/02/2023 | 09:08 GMT by Damian Chmiel

fca

25% of Investors Who Avoid Scams Inspired by Sherlock Holmes

"Armchair detective investors" successfully identify potential financial threats, FCA states.
The number of scam reports grew by 193% during the last five years.

Tuesday, 21/02/2023 | 12:33 GMT by Damian Chmiel

fca

FCA Consults on Asset Management Regulation Update

The FCA continues its three-year strategy of enhancing the local financial industry.
The UK's AM market is the second biggest in the world after the United States.

Monday, 20/02/2023 | 10:05 GMT by Damian Chmiel

cysec

CySEC Withdraws Magnum FX’s CIF License after “Voluntary Renunciation”

Magnum FX was licensed by CySEC in June 2018.
The broker operates four different websites.

Tuesday, 14/02/2023 | 15:00 GMT by Solomon Oladipupo

cysec

Inveza Capital Ltd "Expressly Renounces" CySEC License

The broker suspended its operations in September last year.
The company itself decided to give up its license.

Tuesday, 14/02/2023 | 12:36 GMT by Damian Chmiel

Thought Leaders

Why an Increasing Number of Brokers Replace their Current Provider with the iTech Software

iTech Software offers a powerful alternative to the existing trading platforms.

Tuesday, 14/03/2023 | 08:42 GMT by FM

robinhood

US Judge Dismisses Robinhood's Shareholder Lawsuit over 2021 IPO

Robinhood was alleged to have provided false information.
However, the US judge rejected the plaintiffs' accusations.

Monday, 13/02/2023 | 10:44 GMT by Damian Chmiel

cysec

CySEC Warns against Licensed Broker Clone

IMS Crypto uses the CIF license number of IMS Markets.
The latter is CySEC's authorized investment firm, the first is just a clone.

Thursday, 09/02/2023 | 13:41 GMT by Damian Chmiel

esma

ESMA Sees High Market Risks and Warns of Further Declines

ESMA just presented its newest TRV Report for 2023.
The institution warns retailers of further possible market declines.

Thursday, 09/02/2023 | 12:32 GMT by Damian Chmiel

fca

FCA Wants to Recover Money from Argento Wealth

The FCA commenced High Court proceedings against AWL.
AWL is not, and never has been, an FCA-authorised firm.

Tuesday, 07/02/2023 | 13:09 GMT by Damian Chmiel

fxcm

After 6 Years Global Brokerage Settles for $6.5m in Class Action

Global Brokerage's case against its former investors began in 2017.
After six years, the brokerage decided to settle for 37% of the potential damage suffered by traders.

Monday, 06/02/2023 | 12:06 GMT by Damian Chmiel

The Financial Conduct Authority (FCA)

UK FCA Warns against Clone of FX Broker Axi

AxiCorp owns both Axi and One Financial Markets.
The FCA clamped down on a number of clone companies in 2022.

Thursday, 02/02/2023 | 15:11 GMT by Solomon Oladipupo

Thought Leaders

The UTIP Platform is a Robust Solution for Brokers

A brief overview on UTIP trading platform's benefits for brokers and why it is reliable.

Monday, 13/03/2023 | 14:23 GMT by FM

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