fca
FCA Warns against GMT Markets Limited and LCG Clone Tradignition
- The UK financial regulatory body has issued a couple of warnings against unauthorized firms providing broking services without authorization, with Tradeignition imposting as LCG when soliciting clients.
Wednesday, 25/03/2015 | 14:16 GMT by
Victor Golovtchenko
Insolvency Specialist Answers Alpari UK, LQD Markets Clients' Questions
- When will clients get their funds back, from whom should they claim and what fate awaits overseas traders? Forex Magnates provides all the answers by David Leibowitz, partner at Berwin Leighton Paisner LLP.
Monday, 23/03/2015 | 06:58 GMT by
Guest Contributors
FCA Issues Finalised Guidance for Social Media Financial Promotions
- The finalised version of the social media guidance was published by the FCA after extensive consultation with the industry, outlining how brokers can appropriately use this wide-reaching communications channel.
Saturday, 14/03/2015 | 16:23 GMT by
Victor Golovtchenko
UK Regulator Fines Middle Eastern Origin, Bank Of Beirut $3.2 Mln -Major Breaches
- A UK regulated bank has been fined by the FCA for improper communication with the watchdog. Bank of Beirut faces a $3.2 monetary penalty for misleading authorities as well as suspension from acquiring new clients from high-risk countries.
Friday, 06/03/2015 | 09:49 GMT by
Adil Siddiqui
FCA Slaps Aviva Investors with $26 Mln Penalty
- Aviva Investors was fined by the Financial Conduct Authority for systems and control failures. The investment management firm failed to manage conflicts of interests, resulting in Aviva paying $204 million in compensation.
Wednesday, 25/02/2015 | 11:03 GMT by
Adil Siddiqui
London's City Keeps Attracting Forex and CFD Brokers to the UK
- The global nature of trading OTC products, along with sound regulation and an esteemed reputation, makes London a natural hub for the industry, as overseas participants continue to eye the City's many perks.
Saturday, 21/02/2015 | 15:30 GMT by
Adil Siddiqui
FCA Investigating Competition in Wholesale Banking, Investment Sector
- The British regulator has determined it worthwhile following the publication of its review into competition in the sector and will also consider undertaking a market study into asset management and related services.
Thursday, 19/02/2015 | 11:02 GMT by
Kenny Mariasin
Australia Headquartered Brokerage ThinkForex Obtains FCA License
- London continues its domination in attracting foreign exchange and CFD brokers from all over the world with the reputation of its Financial Conduct Authority regulatory body now being put to the test by the Swissie.
Saturday, 24/01/2015 | 12:29 GMT by
Victor Golovtchenko
FCA Sheds Light on Alpari UK Administration with Response to Key Questions
- The FCA has issued its first official note on the Alpari UK administration, the regulator confirmed the event and outlined what the current status of affairs are, it also informed affected traders of what to expect in relation to their funds.
Tuesday, 20/01/2015 | 19:13 GMT by
Adil Siddiqui
FCA Visits Brokers Inspecting Swiss Debacle Impact on Client Assets
- UK FIRMS in the forex space have been in direct contact with the UK regulator in reference to client money rules and regulations, Forex Magnates has learned. Firms are being questioned on their CASS Resolution Pack.
Tuesday, 20/01/2015 | 18:22 GMT by
Finance Magnates Staff
FCA Urgently Reviews Forex Brokers' Business amid CHF Upheaval
- Alpari UK has issued an insolvency announcement that it has since revoked, and the matter made top headlines in the UK with the broker being a sponsor of England’s famous West Ham United football club.
Sunday, 18/01/2015 | 10:51 GMT by
Avi Mizrahi
Is Copy Trading Constituting Portfolio Management?
- If you were wondering what permissions you will need within your FCA license to be able to provide copy trading, the UK Financial Conduct Authority has recently issued a guidance explaining just that.
Wednesday, 14/01/2015 | 17:01 GMT by
Victor Golovtchenko
Is ThinkForex The Next Player to Obtain FCA License?
- While Thinkforex has declined any comment, Forex Magnates believes that the Australian regulated broker is set to receive a UK authorization shortly, with new key hires for the local management team.
Tuesday, 13/01/2015 | 22:35 GMT by
Adil Siddiqui
European Financial Watchdogs Warn against Three More Unlicensed Brokers
- The brokers involved this time are not accused of being a scam or running a fraud but the regulators treat them as such because they are not recognized by them or by any other official body that the regulators have a passporting agreement with.
Tuesday, 06/01/2015 | 15:49 GMT by
Avi Mizrahi
British Bank RBS Issues Year-End FX Probes Update - Investigations in Full Swing
- The ongoing internal investigations at banking giant RBS are at the mercy of six traders who face disciplinary action according to an annual update by the bank,with three of the traders already suspended.
Tuesday, 23/12/2014 | 18:25 GMT by
Adil Siddiqui
FX "Investment Club" JL Trading Disappears along with £130 Million of Clients' Funds
- British police are investigating an alleged fraud over claims about $200 million went missing from an FX investment company as its manager, Joe Lewis, left his office abroad and can no longer be found anywhere.
Sunday, 21/12/2014 | 14:29 GMT by
Avi Mizrahi
Unregulated Forex Brokers, FXN Trade & Net CFD Exposed by UK's FCA
- A duo of unregulated forex and CFD brokers offering their services within the UK without proper authorization while claiming UK registration has been exposed by the British financial markets regulator.
Friday, 19/12/2014 | 17:42 GMT by
Victor Golovtchenko
Millionaire Fund Manager Gets Banned from FCA for Train Fare Manipulation
- UK financial watchdog bars Jonathan Burrows for working with regulated financial products. The fund manager at Black Rock was charged by officers for extensive fare evasion which resulted in the FCA's actions.
Monday, 15/12/2014 | 21:22 GMT by
Adil Siddiqui
UK-Based FCA Restructures Amid Sharper Focus on Regulatory Matters
- The Financial Conduct Authority is to implement a new strategic approach from the fifth of January 2014. New structural changes to be deployed as the FCA shapes its future after a successful 18 months.
Tuesday, 09/12/2014 | 00:49 GMT by
Adil Siddiqui
Fixed Income Trading Platform, Bondcube, Granted FCA Authorization
- The liquidity aggregating bond trading network is aiming to facilitate trading of large tickets and on illiquid markets by providing an alternative solution the the usual buy-side RFQ and sell-side traders.
Friday, 05/12/2014 | 16:48 GMT by
Victor Golovtchenko
Banks Face Judgment Day As FXCM Strengthens US Market Foothold
- This week’s “Best Stories” edition explores the true meaning and possible consequences of the much awaited FX rates manipulation fines, along with interesting findings from CFTC's September retail fx report.
Saturday, 15/11/2014 | 22:01 GMT by
Jeff Patterson
Despite the Regulatory Rigmarole, It’s All Just Business for FX Riggers and the Market Triggers
- The 'Trifecta' of regulatory agencies has missed one thing: front-office bankers are working in a savagely competitive environment founded on a performance-ranked hierarchy that breeds the desire to cheat.
Thursday, 13/11/2014 | 20:49 GMT by
George Tchetvertakov
US OCC Adds $1 Bln to Forex Fines, City & JPMorgan Chase Bills Surpass One Billion
- The U.S. Office of the Comptroller of the Currency announced fines against the Bank of America, Citibank and JPMorgan Chase today totaling to $950 million in relation to “unsafe or unsound practices” related to FX.
Wednesday, 12/11/2014 | 20:01 GMT by
Victor Golovtchenko
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