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CFTC
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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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Victor Golovtchenko
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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Andy Traveller
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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Leon Pick
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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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Ron Finberg
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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Jeff Patterson
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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Jeff Patterson
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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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Jeff Patterson
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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Regulation
CFTC Employee Dodges Prison and up to $500,000 Fine for Trading Forex
2015-04-28T10:55:50.000+02:00
An employee of the U.S. Commodity Futures Trading Commission has engaged in forex trading without knowing he was violating the law
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Regulation
U.S. Court Fines and Bans Firm for Illegal Off-Exchange Metals Trades
2015-04-27T22:37:27.000+02:00
IGCPM solicited retail customers to engage in leveraged margined precious metals trading (including gold, silver, platinum, and palladium).
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Brokers
How the First U.S Regulated Binary Brand Emerged and the Problem with NADEX
2015-04-27T19:15:27.000+02:00
Exclusive first interview with the founder of Forest Park FX on the launch of the new CFTC-regulated binary options offering.
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Regulation
Deutsche Bank Fined $2.5 bln for Interest Rate Benchmarks Manipulation
2015-04-23T14:20:01.000+02:00
The German investment bank has also been fined for misleading the regulator, which could have hampered the investigation
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Brokers
Exclusive: Forest Park is SpotOption's First CFTC-Licensed U.S. Brand
2015-04-22T20:18:06.000+02:00
Forest Park BX is the first introducing broker referring traders to the Cantor Exchange via a custom SpotOption white label.
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Blogs
Gain Advantage with the COT Report
2015-04-14T09:51:55.000+02:00
Matthew Clark of Global Forex Pros explains how traders can use the weekly COT report from the CFTC to help them analyze the markets.
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Matthew Clark
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Regulation
CFTC Revokes Altamont Global’s License to Prevent ‘Any More Fraud’
2015-03-25T23:05:32.000+02:00
The CFTC has retracted Altamont Global's license, the firm that was found guilty of committing fraud relating to margin FX. CFTC hopes that the firm and its associated person John Wilkins, are unable to commit future wrong doings.
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Adil Siddiqui
Exchanges
NDF and Currency Options Activity Rises in January on US-Based SEFs
2015-03-21T15:48:10.000+02:00
Trading volumes on Swap Execution Facilities rose on a month-on-month basis in January. The US regulated entities saw an uptake in overall volumes across its two currency instruments, NDFs and Options.
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Exchanges
CFTC Issues $3 Million Monetary Penalty to ICE Futures for Reporting Issues
2015-03-16T20:41:25.000+02:00
Multi-asset trading venue, ICE Futures, has been charged by the US financial watchdog, CFTC, for a number of breaches in relation to the reporting of data. The regulator fined the firm $3 million for the violations.
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Brokers
FXCM Assets Drop 15% in January as US Retail FX Subside
2015-03-10T21:27:14.000+02:00
Retail brokers offering margin FX saw declines in the value of client assets held during the month of January. However, institutional providers supported overall growth in the value of client monies at CFTC-authorised providers.
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Analysis
DFS Probe of Barclays Forex Rate-Rigging Could Delay Other Settlements
2015-03-01T17:49:49.000+02:00
Barclays' settlement with regulators in the UK and the US, otherwise close to an agreement, is being held back due to the New York Department of Financial Services' probe, according to an FT report.
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