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UK FCA Issues a Second Warning against Unauthorized Firm BubbleXT

A warning against the company was issued on October 6, 2020.
BubbleXT is not authorized to offer financial services and products in the UK.

Tuesday, 14/06/2022 | 21:22 GMT by Felipe Erazo

vanuatu

Vanuatu’s FMA Seeks Improved Regulation, Physical Presence of Financial Dealers

It will require FDL holders to establish a physical presence on the island.
Vanuatu has become a popular jurisdiction for brokerages to seek offshore licenses.

Thursday, 09/06/2022 | 08:24 GMT by Arnab Shome

fsma

Belgium’s FSMA Flags 38 ‘Fraudulent’ Online Trading Platforms

These platforms are using aggressive sales tactics to push victims for deposits.
They are running fake ads and mobile apps to lure victims.

Wednesday, 08/06/2022 | 11:30 GMT by Arnab Shome

swissquote

Swissquote Responds to SIX's Investigation, Cites Tech Glitch

The response came after SER opened an investigation against the broker.
The possible breach was made on 16 June 2021.

Thursday, 02/06/2022 | 10:23 GMT by Arnab Shome

cysec

CySEC Alerts Investors to Additional Unauthorized Websites

The websites have not been registered under Cyprus' markets law.
Last week, CySEC flagged seven unauthorized websites.

Monday, 30/05/2022 | 16:12 GMT by Solomon Oladipupo

Binary Options

ASIC Wants to Extend Retail Binary Options Ban to October 2031

The existing ban on the retail sale of binary options will expire on 7 October 2022.
ASIC issued a consultation paper seeking feedback on the extension of the ban.

Thursday, 26/05/2022 | 06:37 GMT by Arnab Shome

Thought Leaders

HYCM Exclusive Interview: The Future of Energy

Interview with Stavros Lambouris, CEO at HYCM International.

Monday, 01/08/2022 | 07:43 GMT by FM

fca

FCA Speeds Up Cancellation of Unused Financial Services Permissions

The unused granted permission can be canceled within 28 days of the first notice.
It will issue two warnings to the companies before canceling permissions.

Thursday, 19/05/2022 | 11:38 GMT by Arnab Shome

cysec

CySEC Settles with eXcentral and NicoFX Operator for €290K

The company possibly violated several mandatory compliances.
The operator is not onboarding clients on NicoFX anymore.

Wednesday, 18/05/2022 | 05:48 GMT by Arnab Shome

Retail Trading

Will Curbs on the Gamification of Trading End Retail Demand?

Several regulators are now critical of platforms gamifying trading practices.
Inexperienced traders believe that these platforms democratized trading.

Tuesday, 17/05/2022 | 06:58 GMT by Arnab Shome

Australian financial services

ASIC Confirms on Cybersecurity Controls by AFS Licensees

The confirmation came after a court ruling against an AFS license holder.
There is no specific cybersecurity measure on AFS license obligations.

Thursday, 12/05/2022 | 07:04 GMT by Arnab Shome

CONSOB

Italy’s Consob Blocks 5 Illegal Financial Websites

The platforms were offering unauthorized financial services.
Since July 2019, Consob has ordered to block a total of 693 websites.

Thursday, 05/05/2022 | 15:26 GMT by Bilal Jafar

Amf

AMF Fines a Financial Investment Advisor, Imposes a Ban on Its Manager

The AMF banned its Chairman, Serge Emery.
The case happened between February 2017 and October 2019.

Wednesday, 04/05/2022 | 19:43 GMT by Felipe Erazo

Thought Leaders

Multiple Offshore Jurisdictions with Deneo Partners

Many reputable brokers have wisely diversified their regulatory portfolio.

Thursday, 28/07/2022 | 15:15 GMT by FM

esma

ESMA Wants Curbs on ‘Gamification’ of Trading, Payments-for-Order-Flow

The regulator wants to improve investor protection within its jurisdiction.
It also extended its support to curb the controversial PFOF model.

Friday, 29/04/2022 | 10:51 GMT by Arnab Shome

cysec

CySEC Warns Investors against Four Unregistered Forex Websites

The websites have not been registered under Cyprus' markets law.
The warning follows an earlier alarm on fraudsters impersonating CySEC's officers.

Wednesday, 27/04/2022 | 14:37 GMT by Solomon Oladipupo

Securities and Exchange Commission

US SEC Flags 58 Unregistered Firms, 11 Impersonators, 1 Fake Regulator

SEC says inclusion in list does not mean violation of US federal securities laws.
The list is regularly updated by the SEC’s Office of Market Intelligence, Others.

Tuesday, 26/04/2022 | 13:42 GMT by Solomon Oladipupo

fca

UK’s FCA Raises Alarm on US Crypto Trading Firm

The FCA says Crypto Vault Traders is operating in the UK without a permit.
It urged traders to check its register to verify firms before entering deals.

Friday, 22/04/2022 | 23:13 GMT by Solomon Oladipupo

CONSOB

CONSOB Blocks Nine New Financial Websites

Since July 2019, 683 websites have been blocked.
Among the websites blacked out are Trading Room Star and Future Assets Ltd.

Friday, 22/04/2022 | 21:42 GMT by Felipe Erazo

Saudi Arabia

Saudi Central Bank Warns Official Entities on Forex Trading

The advisory was signed by the Capital Market Authority and the Ministry of Commerce.
Entities have warned against the use of their official Twitter handles.

Friday, 22/04/2022 | 17:27 GMT by Felipe Erazo

Thought Leaders

Brokeree Solutions’ Latest Social Trading Eliminates Investment Limitations

Brokers need to offer something unique, not just basic trading signals.

Wednesday, 27/07/2022 | 16:14 GMT by FM

Op-ed

esma

Op-ed

Cross-Border Client Onboarding: Why Harmonising & Automating Is The Ideal Solution

Regulators in Europe are quarrelling over cross-border client onboarding issues
Cross-border client onboarding issues are being taken more seriously

Thursday, 21/04/2022 | 20:24 GMT by Remonda Kirketerp-Møller

Securities and Exchange Commission

US SEC Dismantles $194 Million Global Pump and Dump Scheme

The scheme covered three continents.
The defendants are accused of participating in multi-year fraudulent penny stock schemes.

Monday, 18/04/2022 | 21:14 GMT by Felipe Erazo

CFTC

US Federal Court Orders Trader to Pay Manipulative Scheme Penalties

Final judgments and consent orders have been issued against James Vorley and Cedric Chanu.
A civil monetary penalty of $150,000 is imposed on each defendant.

Friday, 08/04/2022 | 01:22 GMT by Felipe Erazo

Asic

ASIC Extends Leverage Restrictions on CFDs for Another Five Years

The restrictions will be in effect until 23 May 2027.
The decision came a year after the initial imposition of the restrictions.

Wednesday, 06/04/2022 | 05:38 GMT by Arnab Shome

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