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Europe's Economic Crossroads: Recession Fears and S&P Global's
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Will Blockchain Technology Mark a Turning Point in Fraud
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7 Things We Wish Someone Had Told Us Before We Started Trading
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FMAS:24 – Asset Allocation & Trading in a Lower Interest Rate
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Europe's Economic Crossroads: Recession Fears and S&P Global's
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Regulation
NFA's Head on the Defense against Allegations of Nomination "Improprieties"
The US self regulatory organization has issued a response to fierce accusations by a fellow member James Koutoulas, regarding the 2014 public director nominations: "we deny each and every false allegation."
Tuesday, 30/12/2014 | 22:43 GMT
by
Adil Siddiqui
Regulation
Introducing Broker BBFX Fined $25,000 by Overzealous American Watchdog for Non-US Business
The NFA decided that BBFX failed to implement an adequate customer identification program for foreign clients introduced to brokers outside the US, monitor accounts for suspicious activity, and conduct AML training.
Monday, 29/12/2014 | 20:17 GMT
by
Avi Mizrahi
Regulation
American Watchdog Hits FXDD with Another $500,000 Fine, Limits It to Operate Only as IB
The company behind the U.S entity of FXDD, New York based FXDirectDealer LLC, has settled to pay another $500,000 for inadequate anti-money laundering program and failure to supervise operations and employees.
Wednesday, 10/12/2014 | 19:13 GMT
by
Avi Mizrahi
Analysis
US Regulator Delivers a Blow to Retail Forex, Kiwis Are Better Off
Forex Magnates spotlights this week's news from around the world, with credit card ban in the US, license exemptions in New Zealand and a first Chinese brokerage allowed to trade on the spot FX market.
Sunday, 07/12/2014 | 11:46 GMT
by
Avi Mizrahi
Analysis
NFA Credit Card Ban to Dampen Operating Environment, New Payment Methods Required
The NFA’s planned D-Day on credit card usage in the US for forex and futures trading is expected to shake-up the market, in anticipation of the rules brokers are sourcing new payment methods.
Wednesday, 03/12/2014 | 23:42 GMT
by
Adil Siddiqui
Brokers
US Brokers to Face New Reporting Practises under NFA’s Segregated Funds Reports
US Financial services providers will be required to submit their semi-monthly segregated client funds data under new requirements. The watchdog requires firms to submit important client money data in percentages.
Monday, 03/11/2014 | 21:56 GMT
by
Adil Siddiqui
Analysis
NFA Bars Bullion Trading Advisor Years after He Stopped Operations and Left the US
The association said that it started its investigation of Success Bullion in 2014 but the firm did not operate for at least two years before. The owner migrated back to Taiwan in June 2011 and shut down the company.
Monday, 27/10/2014 | 11:50 GMT
by
Avi Mizrahi
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Regulation
IFG Markets, Wilson Cheng Permanently Barred from NFA Following Settlement
Following an earlier compliant and allegations of illicit recordkeeping practices and fraud by the NFA, IFG Markets LLC and Wilson Cheng have been permanently banned from membership, reaching a settlement.
Thursday, 09/10/2014 | 18:29 GMT
by
Jeff Patterson
Brokers
Who Needs Credit Cards When There Is ACH? – FOREX.com Partners with Knox Payments
Providing a solution for the NFA's recent ban on using credit cards to fund US forex trading accounts, GAIN Capital has partnered with ACH bank to bank transfer provider, Knox Payments for FOREX.com.
Thursday, 02/10/2014 | 08:54 GMT
by
Ron Finberg
Brokers
NFA Tightens Reporting Rules for FDM on Customers' Liabilities
Starting from October 15th, Forex Dealer Members will have to inform each qualifying institution about their assets holdings used to cover the liabilities to its retail forex customers on a daily basis.
Wednesday, 01/10/2014 | 13:37 GMT
by
Victor Golovtchenko
Brokers
FXDD Slapped with Another $600,000 Related to More Undercapitalization Discoveries
Forex Magnates reported earlier this month about a National Futures Association (NFA) complaint which was served to the company and its CEO Joseph Botkier, which was related to more undercapitalization occurrences.
Wednesday, 24/09/2014 | 18:40 GMT
by
Victor Golovtchenko
Brokers
NFA Serves Vincent Capital Group with $35,000 Fine
Another day another fine, as the NFA has issued a decision in its complaint case against Vincent Capital Group after they failed to satisfy capital requirements and pre-approve marketing materials.
Sunday, 14/09/2014 | 12:35 GMT
by
Ron Finberg
Brokers
Exclusive: NFA Issues a Complaint against FXDD, Raising Allegations on Five Counts
According to information exclusively obtained by Forex Magnates the company is facing up to $1,250,000 in fines from the NFA, as charges are raised against FXDD and its CEO, Joseph Botkie.
Thursday, 04/09/2014 | 21:17 GMT
by
Victor Golovtchenko
Analysis
Colorado Company R2 Capital Charged with Fraud and Misappropriation by the CFTC
After the NFA provided a lead in December last year, the CFTC has charged R2 Capital Group LLC. and its owners its owners, Ryan Tomazin, Ryan Madigan, Randell A.Vest with fraud and misappropriation.
Thursday, 21/08/2014 | 22:18 GMT
by
Victor Golovtchenko
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Regulation
Quebec's AMF Issues Warning against Unauthorized Activity of 24 Companies in Canada
Canada’s Autorité des marchés financiers (AMF) has issued a warning to Quebec investors about the use of forex and binary options platforms, specifically citing 24 companies that are presently unauthorized in Canada.
Tuesday, 12/08/2014 | 17:17 GMT
by
Jeff Patterson
Brokers
NFA Slams the Door on ILQ on Its Way out from the US with Massive Fine
After ILQ already dropped its Retail Foreign Exchange Dealer License in April, the NFA now placed a permanent ban from membership on the firm and orders it to pay a fine and restitution of about $350,00.
Wednesday, 30/07/2014 | 08:47 GMT
by
Avi Mizrahi
Brokers
Global Futures Exchange and Trading Co Hit with NFA Complaint
The National Futures Association (NFA) published last Friday six separate complaints it has issued against member firms which were filed on June 30th. Among those issued complaints was Global Futures and Trading.
Sunday, 06/07/2014 | 08:48 GMT
by
Ron Finberg
Brokers
US Forex Credit Card Ban Set to Become Law as NFA Approves Measure
The US National Futures Association (NFA) has announced today that its board has approved banning the use of credit cards for funding forex accounts. The law is pending approval from the CFTC.
Monday, 23/06/2014 | 19:39 GMT
by
Ron Finberg
Brokers
Exclusive: FXCM Emerges to Acquire FXDD US Retail Client Base
Amidst recent speculation surrounding a possible deal between FXDirectDealer (FXDD) and one of two possible US online FX brokers, Forex Magnates has learned that FXCM has concluded a deal to absorb FXDD’s clients.
Sunday, 04/05/2014 | 07:47 GMT
by
Jeff Patterson
Analysis
Exclusive: FXDD Closing in on a Possible Sale to a Major US Broker
Forex Magnates has learned from multiple independent industry sources familiar with the development, that FXDirectDealer may be "very close" to striking a deal with a large US retail broker, soon to be revealed.
Monday, 28/04/2014 | 20:51 GMT
by
Steven Hatzakis
Exchanges
Binary Options Exchange Nadex Welcomes Group One Futures Trading as Market Maker
One of the largest privately held options market makers in the U.S. has joined a regulated binary options exchange as binary options gets a boost for the Chicago-based North American Derivatives Exchange.
Monday, 21/04/2014 | 16:15 GMT
by
Steven Hatzakis
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Analysis
CFTC February Data For FCMs Shows Interactive Brokers and FXCM Weathered The Storm
Except for three Futures Commission Merchants, the remaining 8 Forex Dealer Members holding Retail Forex Obligations for the month of February had decreases as volumes dipped globally in Foreign Exchange.
Thursday, 17/04/2014 | 09:41 GMT
by
Steven Hatzakis
Brokers
Exclusive: ILQ Chief Executive Talks About What's Next After Exit From U.S. Forex Market
Following the news that Institutional Liquidity LLC will discontinue its RFED license, Forex Magnates followed up with Jason Tanner, the firms CEO, to find out why the exit came, and what's next for ILQ's future.
Wednesday, 09/04/2014 | 17:07 GMT
by
Steven Hatzakis
Regulation
Capital Markets Services To Pay CFTC $275,000 For Allegedly Failing Minimum Financial Requirements
The company's adjusted net capital dropped below capital requirement by as much as $13 million at one point. The CFTC settled with the company as it provided complete cooperation in regards to the matter.
Tuesday, 08/04/2014 | 00:29 GMT
by
Victor Golovtchenko
Regulation
CFTC Revokes Registrations of Forex CTA Veruus Wealth Management after Theft
The Denver-based Forex CTA and CPO just lost its titles as the CFTC yanked back its registrations after civil theft was found to have been committed, involving a Forex Managed account with some $339,517 of investors funds.
Thursday, 20/02/2014 | 22:31 GMT
by
Steven Hatzakis
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