regulation
NFA Issues Permanent Ban on Chazon QTA Trading Artists, Lawrence Fejokwu
Friday, 27/02/2015 | 20:01 GMT by
Jeff Patterson
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
Belgian Watchdog Warns against Unauthorised Brokers Operating in Belgium
- BANK&BINARY, Broker International Bank, Financial Broker, F&C Management Limited, SIA Europe Trade Services, FXGL Capital, HCI Fund, Royal Broker, G.O. LIMITED, BfmMarkets, BoursoMarket, Bankandcapital and OBinary Corporation.
Monday, 23/02/2015 | 13:08 GMT by
Avi Mizrahi
$3.9 Mln Penalty and 8-Year Jail Term for Fraudster Behind Revelation Forex Fund
- A US judge has handed out a lengthy sentence to Kevin White of KGW Capital for operating a fraudulent currency fund. The fraudster will face a 97 month jail sentence and is to pay $3.9 million in restitution.
Thursday, 19/02/2015 | 23:21 GMT by
Adil Siddiqui
CySEC Cautions Investors about Talanto Capital Markets
- The Cyprus Securities and Exchange Commission issued a statement today informing investors that the company Talento Capital Markets (Cyprus) is not permitted to provide investment and ancillary services in the country.
Thursday, 19/02/2015 | 15:44 GMT by
Kenny Mariasin
Bulgarian Regulator Warns Against Prospective Interactive Brokers Clone
- The entity Global Markets Ltd. has changed its name to Interactive Brokerage Ltd., which is dangerously close the to US-listed and CFTC-regulated brokerage Interactive Brokers while continuing to on-board clients.
Tuesday, 17/02/2015 | 15:44 GMT by
Victor Golovtchenko
New Zealand Registered Ukrainian Broker Forex Trend Blacklisted by CRFIN
- After Alpari Russia has openly stated that the Ukrainian brokerage registered in New Zealand, Forex Trend, violated its rights on the “PAMM account” trademark, the Russian self-regulatory organization takes action.
Monday, 16/02/2015 | 13:15 GMT by
Victor Golovtchenko
As Bitcoin ECN's Grow, the Financial Commission Extends Cryptocurrency Regulation to LPs
- The Financial Commission, a self-regulation oversight committee for the forex, CFD and binary options industries, has announced the launch of regulation for cryptocurrency liquidity providers.
Monday, 16/02/2015 | 11:13 GMT by
Ron Finberg
Australian Regulator Cancels License of FX Broker Enfinium Post-Mortem
- After an investigation into the broker’s alleged virtual dealer malpractices between 2010 and 2013 yielded no results due to the company not maintaining adequate records of its operations, ASIC cancelled its license.
Monday, 16/02/2015 | 10:21 GMT by
Victor Golovtchenko
EU Leaders in Favour of European Commission’s Proposals on Libor and Financial Benchmarks
- The European Council, an EU institution of heads of states has commended the measures taken by the European Commission in its proposals to enhance confidence in the system following recent scandals involving major banks.
Friday, 13/02/2015 | 19:14 GMT by
Adil Siddiqui
ASIC Implements Alterations to OTC Derivatives Reporting
Friday, 13/02/2015 | 06:51 GMT by
Jeff Patterson
Ontario Securities Commission Issues Warning Against Costa Rican Chikara FX
- Canadian investors have been advised by regional financial watchdog, Ontario Securities Commission, to refrain from dealings with the international managed and non-discretionary forex accounts provider Chikara FX.
Thursday, 12/02/2015 | 21:54 GMT by
Adil Siddiqui
CySEC Blows The Whistle for CIFs, While Waving a White Flag on Capital Requirements
- As the regulator reminded brokerages to check on their risk policies a new law has lowered capital requirements for Cyprus Investment Firms at a key time just before a number of brokerages got hit by the SNB move.
Wednesday, 11/02/2015 | 15:55 GMT by
Victor Golovtchenko
Global Futures Exchange Settles with NFA for $65,000
- Global Futures settles with the NFA in a case about "failure to maintain complete and accurate financial records, prepare accurate net capital computations, and comply with the equity withdrawal restriction."
Tuesday, 10/02/2015 | 08:36 GMT by
Ron Finberg
Banc De Binary Fined €125,000 by Cyprus Watchdog for Soliciting American Clients
- Banc De Binary did not ensure the correctness, completeness and accuracy of notification submitted to CySEC regarding its intention to provide investment services in other countries, therefore misleading the regulator.
Thursday, 05/02/2015 | 15:48 GMT by
Avi Mizrahi
PFG Customers Gain Relief as CFTC Orders US Bank National Association to Pay $18 Million
- A US court has placed a permanent injunction against US Bank National & ordered it to pay $18 million to PFG’s clients, the custodian and clearing bank was found guilty of mishandling client money held in segregated bank accounts.
Wednesday, 04/02/2015 | 18:31 GMT by
Adil Siddiqui
CFTC Fines Paragon FX, International Commodity Advisors Combined $250k
Tuesday, 03/02/2015 | 20:48 GMT by
Jeff Patterson
FCA Prosecutes FX Fraudsters Alex Hope and Raj Von Badlo
Friday, 30/01/2015 | 19:50 GMT by
Jeff Patterson
MahiFX Granted FMA License for Derivatives Offering in NZ
- MahiFX has been granted a license from Financial Markets Authority (FMA), bringing its comprehensive derivatives offering under the regulatory jurisdiction of New Zealand’s principal compliance entity.
Thursday, 29/01/2015 | 14:51 GMT by
Jeff Patterson
Will the SNB Volatility Entice New Forex Traders?
- Taking a contrarian view, Addison Churchill's Head Keith Sazer envisions the post-crisis industry: increased volumes, enhanced risk management tools and a surge of interest in STP models, despite the losses of giants like FXCM and InteractiveBrokers.
Wednesday, 28/01/2015 | 09:54 GMT by
Guest Contributors
FMA Oversees 96% of Client Funds Restored at Excel Markets
- The 16th of January is a day that will live in infamy at Excel Markets following its cessation of services and closure. However thanks to the New Zealand’s FMA, client funds have been returned, defusing a potentially grim scenario.
Tuesday, 27/01/2015 | 20:38 GMT by
Jeff Patterson
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