regulation
CFTC Charges Susan G. Davis, David E. Howard II, Joseph Burgos, and their Companies with Fraud in Forex Scheme
Friday, 29/07/2011 | 05:26 GMT by
Michael Greenberg
SEC and CFTC go after fleeing forex scammer Jeffery Lowrance
- Washington, D.C., July 15, 2011 – The Securities and Exchange Commission filed fraud charges Thursday against the CEO of a purported foreign currency trading firm, alleging he scammed hundreds of investors with false promises of high, fixed-rate returns while secretly using their money to fund his start-up alternative newspaper.
Sunday, 17/07/2011 | 07:30 GMT by
Michael Greenberg
NFA sanctions Capital Market Services $75,000 mainly for multiple platform outages
- National Futures Association (NFA) has imposed a monetary sanction of $75,000 against Capital Market Services LLC (CMS), a Futures Commission Merchant located in New York, New York. The Decision, issued by NFA's Business Conduct Committee, is based on an NFA Complaint filed in May 2011 and a settlement offer submitted by CMS.
Friday, 15/07/2011 | 06:26 GMT by
Michael Greenberg
CySec fine GIGFX and FXYard for showing operations out of Cyprus despite not being regulated
- CySec has just announced (it's in Greek) that it had fined both GIFX and FXYard for stating that they operate out of Cyprus despite not being registered with the commission. CySec fined GIGFX 5,000 euro because it intended to submit application to CIF.
Tuesday, 12/07/2011 | 09:27 GMT by
Michael Greenberg
US Forex brokers profitability report for Q2 2011
- All brokers (except Tradestation) have updated their profitability numbers for the second quarter 2011. What clearly stands out is the drop in profitability experienced by clients of all brokers (with the exception of Advanced Markets - but its numbers are insignificant). On average clients' profitability dropped 4% since last quarter. When talking to brokers most of them stated the same reason for this - increased volatility during the quarter.
Monday, 11/07/2011 | 19:35 GMT by
Michael Greenberg
Hungarian FSA suspends iForex's license, fines it $100,000
Monday, 11/07/2011 | 14:39 GMT by
Michael Greenberg
FXDD to continue offering non leveraged spot Gold and Silver trading
- Just like OANDA who announced two weeks ago that it will continue offering non leveraged spot metals trading FXDD too will continue offering this to its clients. It seems that US forex brokers are split between two options: discontinue spot metals trading at all (just like Gain did) or continue offering it on a non leveraged basis. Perhaps Gain rushed into a decision and will now reconsider given that two other US brokers (OANDA and FXDD) decided to keep offering this type of trading.
Friday, 08/07/2011 | 06:50 GMT by
Michael Greenberg
CFTC charges Mark Rice and Financial Robotics with forex solicitation fraud
Thursday, 07/07/2011 | 20:51 GMT by
Michael Greenberg
Tadawul FX will no longer accept US clients from July 8th
- This is an odd announcement to say the least, after all foreign forex brokers had to stop accepting US traders since October 2010... Apparently Tadawul FX has been accepting US clients until now and will only stop doing that after July 8th. Not sure exactly why they kept accepting US clients especially given their European regulation and given that CFTC is aggressively pursuing any offshore broker accepting US traders.
Thursday, 07/07/2011 | 05:51 GMT by
Michael Greenberg
Available Gold and Silver trading choices for US traders
Tuesday, 05/07/2011 | 16:07 GMT by
FMAdmin Someone
Swissquote/ACM too announces that it will no longer be able to accept retail forex traders come July 15th
Monday, 04/07/2011 | 13:28 GMT by
Michael Greenberg
Alpari too to partner with Dukascopy in offering its JForex platform to US clients
Friday, 01/07/2011 | 07:21 GMT by
Michael Greenberg
CFTC Charges Flint-McClung Capital LLC and Shawon McClung with Fraud and Misappropriation in $1.9M Forex Ponzi Scheme
Friday, 01/07/2011 | 06:41 GMT by
Michael Greenberg
CFTC Charges Louis Giddens, Anthony Dutton and Michael Gomez with Fraud and Misappropriation in $1.4 Million in Forex Scheme
Thursday, 30/06/2011 | 21:58 GMT by
Michael Greenberg
FXDD to partner with Dukascopy, will offer JForex to US clients
Thursday, 30/06/2011 | 15:29 GMT by
Michael Greenberg
Massachusetts Treasurer: BNY Mellon overcharges state's pension fund by over $30 million
Thursday, 30/06/2011 | 06:25 GMT by
Michael Greenberg
CFTC Orders Mark Adrian to Pay $140,000 Civil Penalty in Fraudulent Forex Scheme
Monday, 27/06/2011 | 22:20 GMT by
Michael Greenberg
OANDA to continue offering spot metals trading but without leverage
Monday, 27/06/2011 | 08:09 GMT by
Michael Greenberg
NFA takes an emergency enforcement action against D2W Capital Management, Prestige Capital Advisors and Toby Hunter
Thursday, 23/06/2011 | 06:55 GMT by
Michael Greenberg
OANDA officially announces the establishment of European headquarters in London
Wednesday, 22/06/2011 | 10:00 GMT by
Michael Greenberg
FXCM UK now offers stock trading, launches www.fxcmstocktrading.com
Tuesday, 21/06/2011 | 08:49 GMT by
Michael Greenberg
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