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Regulation
NFA’s New Cybersecurity Guidance: What In-House Counsel Need to Know
2015-11-03T15:00:32.000+02:00
The NFA is signaling that it expects either compliance with the “guidance” or an explanation as to why alternative methods are sufficient.
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Regulation
American Watchdog Imposes New Cybersecurity Regulations
2015-10-25T14:14:53.000+02:00
The newly approved information protection program includes several measures meant to prevent identity theft and hacking.
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Brokers
FXCM France Regulatory Hearing Leads to Press Speculation
2015-10-19T17:43:06.000+02:00
An article in the local press asserts that the regulator is looking into imposing a fine on the foreign exchange and CFDs broker
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Brokers
US Retail Forex down Across the Board, August FCM Data Shows
2015-10-08T18:50:45.000+02:00
The latest CFTC report shows that the size of the US retail forex industry is contracting. Interactive Brokers taking the biggest hit.
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Executive Moves
LedgerX Adds Compliance Maven, Mark Wetjen to Its Board of Directors
2015-09-25T15:40:31.000+02:00
Just a few days after receiving an executive appointment at the DTCC, Mark Wetjen has also joined LedgerX's Board of Directors.
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Exchanges
CFTC Charges Tera Exchange for Wash Trading on Bitcoin Derivatives Platform
2015-09-24T19:55:55.000+02:00
The CFTC has charged bitcoin derivatives platform Tera Exchange for failing to enforce prohibitions against circular trading schemes.
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Executive Moves
DTCC Lands Former CFTC Commissioner Mark Wetjen, Expands London Operations
2015-09-23T12:28:38.000+02:00
Mr. Wetjen has landed at DTCC, just one month after leaving the U.S. Commodity Futures Trading Commission (CFTC).
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News
CFTC Rules Bitcoin Is a Commodity, Takes Action Against Options Offering
2015-09-20T11:50:11.000+02:00
The US Commodity Futures Trading Commission (CFTC) has taken action against the operator of a platform offering options on bitcoins.
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Leon Pick
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Brokers
US Retail FX Funds Notch Steadfast Growth In July, CFTC Data Shows
2015-09-14T18:44:38.000+02:00
Retail FX funds held at brokerages operating in the United States has increased by 6.4% MoM in July 2015, led by Interactive Brokers.
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Exchanges
CFTC Temporarily Approves LedgerX as Swap Execution Facility
2015-09-13T13:18:49.000+02:00
The CFTC has granted a temporary registration to bitcoin options platform LedgerX as a swap execution facility.
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Regulation
CFTC Cracks down on Forex and Binary Options Brokers with New RED List
2015-09-09T19:59:12.000+02:00
The list is the latest tool to snuff out illegal practices, helping investors identify unregistered foreign entities.
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Regulation
FXCM Ordered to Pay More Than $843,000 Over Revelation Forex
2015-09-08T23:26:41.000+02:00
FXCM failed to identify or report warning signs in violation of its own compliance procedures
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Regulation
NFA Proposes New Information Security Rules
2015-08-31T21:42:16.000+02:00
The cybersecurity plan includes measures meant to prevent identity theft and hacking.
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Regulation
CFTC Approves NFA Amended Rules to Better Protect Retail Forex Traders
2015-08-27T22:50:43.000+02:00
The new rules require NFA forex dealer members to ramp up a range of risk management practices, including increasing capital requirements.
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Executive Moves
CFTC’s Mark Wetjen Resigns as Commissioner
2015-08-14T16:06:31.000+02:00
Mr. Wetjen will be stepping down from his position and relinquishing his commissionership as of August 28, 2015.
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Brokers
FXCM Deposits Grow in June, While Those at OANDA and IB Drop
2015-08-06T23:49:19.000+02:00
The June CFTC dataset providing information about client holdings at different brokers has been relatively noisy
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Regulation
Black Diamond Forex Scammers Fined $76 Million
2015-08-02T11:00:57.000+02:00
The fraudsters took over $35 Million from investors but never really traded on the FX market.
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Regulation
Progress and Challenges Five Years on from Dodd-Frank
2015-07-22T15:02:19.000+02:00
Signed in 2010, the historic law, which sought to make the financial system safer, is two-thirds implemented - yet challenges remain.
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News
BitFury Brings Former CFTC, NYMEX Exec to Advisory Board
2015-06-25T19:00:32.000+02:00
With the appointments, BitFury CEO Valery Vavilov also announced the company's opening of a representative office in Washington, D.C.
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Execution
After Forex Rigging, CFTC Targets Isdafix Manipulation
2015-05-21T14:02:57.000+02:00
Barclays is the first financial institution to get slapped with a fine for manipulating U.S. interest swap contracts prices
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Regulation
DoJ Finds Major Banks Guilty of FX Manipulation, Hands Nearly $3B in Fines
2015-05-20T17:41:33.000+02:00
The DoJ announced nearly $3B in fines against major banks for a "Brazen display of collusion and foreign exchange rate market manipulation".
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Brokers
Interactive Brokers Retail FX Funds Spike 11.8% in March, CFTC Data Shows
2015-05-06T16:37:18.000+02:00
CFTC reported retail FX funds held at registered US brokerages have increased by less than 1% MoM in March.
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Regulation
FCStone Ordered to Pay Civil Monetary Penalty by CFTC
2015-05-01T19:00:10.000+02:00
FCStone found itself on the hook for a $140,000 civil monetary penalty for failing to provide an adequate program of supervision.
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Regulation
CFTC Locks Down Pair of Fraudulent Forex Schemes Estimated in Millions
2015-05-01T10:58:39.000+02:00
The CFTC has clamped down on two fraudulent forex entities in North Carolina, having siphoned $2.4 million from investors.
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Regulation
Forex Ponzi Scheme Fraudster Fined $5.5 mln after Losing Pooled Funds
2015-04-30T08:37:50.000+02:00
James Harvey Mason who ran unregistered funds ‘The JHM Forex Only Pool’ and ‘Forex Trading at Home’ still awaits a criminal act verdict
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