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Retail FX

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
Retail FX

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
Retail FX

Leader of $3.6 Million Boiler Room Scam to Spend Additional 4 Years in Prison

  • Nascimento was initially sentenced in 2018 to 11 years behind bars.
  • His jail time was prolonged for failing to pay the confiscation order.
Tuesday, 17/01/2023 | 12:09 GMT by Damian Chmiel
Retail FX

ASIC Sentences Former CEO of van Eyk Research to 15 Months Imprisonment

  • Thomas will be banned from managing a company for five years.
  • He was ordered to perform 250 hours of community service.
Wednesday, 16/11/2022 | 10:41 GMT by Damian Chmiel
CryptoCurrency

Three OneCoin Crypto Scam Associates Faced a German Court

  • OneCoin may have defrauded up to 3,000 people.
  • Three defendants may be first convicted in this case in Europe.
Wednesday, 19/10/2022 | 08:43 GMT by Damian Chmiel
Retail FX

UK Court Closes Down Genesis11, Says Online Broker Is Unregulated

  • At least seven investors lost £263,000.
  • The Official Receiver of the Public Interest Unit has been appointed as the liquidator.
Monday, 18/07/2022 | 14:35 GMT by Solomon Oladipupo
Brokers

Robert Tchenguiz Loses Legal Battle against CMC

  • The British property tycoon has been ordered to pay £1.31 million to CMC.
  • Tchenguiz was accused of failing to pay his debt.
Saturday, 02/07/2022 | 10:00 GMT by Bilal Jafar
Institutional FX

Money-Laundering Case Involving Credit Suisse Finds the Bank Guilty

  • Switzerland’s Federal Criminal Court accused a former bank employee of the wrongdoing.
  • Both Credit Suisse and the former employee denied the charges.
Monday, 27/06/2022 | 17:24 GMT by Felipe Erazo
Brokers

Exclusive: British Court Rules on ThinkMarkets Counterclaims Against IS Prime

  • The counterclaims decision is the latest twist in an ongoing dispute.
Wednesday, 11/05/2022 | 20:37 GMT by Felipe Erazo
Institutional FX

US Regulators Charge Archegos Capital for $10 Billion Swap Loss

  • The SEC says its investigation is ongoing.
  • The CFTC asks for restitution for defrauded swap counterparties.
Wednesday, 27/04/2022 | 18:10 GMT by Solomon Oladipupo
Retail FX

Breaking: Court Says IS Prime Claims against ThinkMarkets Have No Legal Basis

  • IS Prime Risk Services Inc acquired Think Liquidity in 2017.
  • Losses of $15 million were alleged as a result of contract breaches.
Thursday, 17/03/2022 | 23:45 GMT by Felipe Erazo
Retail FX

CFTC Charges Florida Man with Defrauding Investors Out of $9.8M

  • The CFTC charged the Florida resident and his investment firm with fraud.
  • The Florida resident is alleged to have promised fake returns through his commodity pool.
Tuesday, 01/02/2022 | 10:32 GMT by Nicholas Otieno
News

US Court Dismisses Racketeering Allegations against BitMEX Parent Company

  • Judge Orrick stated that many of the plaintiff's accusations were copied and pasted from other lawsuits.
Friday, 10/09/2021 | 20:12 GMT by Felipe Erazo
News

Former Cryptopia Employee Pleads Guilty to Stealing $176,000 in Crypto

  • The unnamed former staffer allegedly persuaded Cryptopia's management to get access to the private keys of the wallets.
Monday, 05/07/2021 | 22:33 GMT by Felipe Erazo
Institutional FX

Australian Court Fines NAB $41.87 Million for No Service Fees

  • Clients were even charged for services that can otherwise be received for free.
Monday, 14/09/2020 | 07:16 GMT by Arnab Shome
Regulation

ASIC Takes Forex CT to Court, Alleging Unconscionable Conduct

  • The regulator has commenced civil penalty proceedings against the company and Shlomo Yoshai.
Friday, 17/07/2020 | 00:58 GMT by Celeste Skinner
Regulation

CFTC Files for Certificates of Default Against LaMarco and GDLogix

  • According to the court document, LaMarco and GDLogix have not answered the CFTC’s complaint.
Thursday, 02/07/2020 | 07:46 GMT by Celeste Skinner
CryptoCurrency

Cryptocurrency Trading Platform Gpay Shut Down by Courts

  • The firm falsely claiming support from high-profile entrepreneurs has been wound-up after losing £1.5 million of clients’ funds.
Tuesday, 30/06/2020 | 09:45 GMT by Finance Magnates Staff
Brokers

US Judge Denies Restraining Order Against Robinhood

  • The judge found the Plaintiff failed to establish a clear record of abusive communications from Robinhood.
Wednesday, 01/04/2020 | 06:18 GMT by Celeste Skinner
Regulation

Judge Rejects TFS-ICAP Motions to Dismiss FX Fraud Charges

  • The regulator says the “flying prices” and “printing trades” practices were a core part of TFS-ICAP's broking business.
Wednesday, 22/01/2020 | 21:27 GMT by Aziz Abdel-Qader
Regulation

London Court Hears £1B Forex-Rigging Case Against Five Banks

  • Scott + Scott, which led the litigation that generated $2.3 billion in US, is representing the investors in the UK lawsuit.
Tuesday, 05/11/2019 | 20:36 GMT by Aziz Abdel-Qader
Brokers

Venice Investment Liquidated in UK Court over FX Activities

  • Investigators suggested that the company has arranged ‘at least €65,000 in trades,’ while claiming to be “dormant'.
Thursday, 19/09/2019 | 14:47 GMT by Aziz Abdel-Qader
Regulation

US Court Orders Defendants to Pay $2.7 Million in FX Fraud

  • Kevin Andre Perry and Lucrative Pips Corporation were accused of operating a forex trading scheme.
Monday, 12/08/2019 | 13:45 GMT by Celeste Skinner
Regulation

US Judge Orders CFTC to Attend Court Session of Oasis FX Scam

  • The CFTC charges owners of Oasis Global FX with running a Ponzi-style scheme through their retail FX platform.
Friday, 28/06/2019 | 19:00 GMT by Aziz Abdel-Qader
Regulation

Morgan Stanley Ordered to Pay Ex-Banker $1.6m

  • Bernard Mourad made the investment bank $50 million in fees over the course of four months
Monday, 24/06/2019 | 14:34 GMT by David Kimberley
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