regulation
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
CFTC Levies $9.6 Million Fine against Anthony Lauria, Gold Coast Bullion
- CFTC orders Florida Resident Anthony Lauria and his company, Gold Coast Bullion, Inc., to pay more than $9.6 million in restitution and a civil monetary penalty in off-exchange precious metals fraud.
Monday, 26/01/2015 | 22:01 GMT by
Jeff Patterson
CySEC Reports 24 Brokers Incur Losses of $47.9 Million Following Swiss Tempest
- The SNB fallout has reverberated throughout the FX industry, and following an earlier CySEC call to CIFs, 24 firms were found to have experienced $47.9 million (€42.5 million) in losses.
Monday, 26/01/2015 | 20:21 GMT by
Jeff Patterson
US Watchdog Enforces Higher Margins on FX Crosses, 3% on JPY & AUD
- Retail FX brokers in the USA will be adhering to regulatory requirements to increase margin values on certain major and exotic financial instruments. The move comes amid heightened volatility in global markets.
Saturday, 24/01/2015 | 00:39 GMT by
Adil Siddiqui
FX Options Scam Charged by US Court - $2.16 Million Penalty and Trading Ban
- A US court has issued a charge against two individuals and a company for misdoings. The two were charged $2.16 million for FX derivatives fraud and handed down a permanent trading ban.
Wednesday, 21/01/2015 | 23:24 GMT by
Adil Siddiqui
Breaking: NFA Raises Margin Requirements for Swiss Franc, Swedish Krona and Norwegian Krone
Wednesday, 21/01/2015 | 23:11 GMT by
Ron Finberg
CFTC Commissioner Firmly Supports Enhancing Retail Forex Regulation
- Amid the news of clients and brokers losing funds during the recent CHF event, regulatory changes are expected as the OTC nature of forex trading is being questioned. These are Sharon Bowen's views.
Wednesday, 21/01/2015 | 19:59 GMT by
Adil Siddiqui
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
FinFX Will No Longer Offer Brokerage Services to American Citizens
- FinFX has informed clients that it will cease its offering to US residents. The move comes after US rules prohibit overseas firms that are not authorised by domestic regulators to deal with US clients. Clients were informed by email.
Tuesday, 20/01/2015 | 17:09 GMT by
Avi Mizrahi
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
CySEC Issues Call to Cyprus Investment Firms for Assessment of Client Funds
- The collective dust is still setting following the turmoil instigated by the SNB earlier this week, prompting the Cyprus Securities and Exchange Commission (CySEC) to urge an assessment of Cyprus Investment Firms.
Saturday, 17/01/2015 | 11:37 GMT by
Jeff Patterson
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
CFTC Warns Court against Granting Investor Protections to FX Traders
- The American Commodity Futures Trading Commission (CFTC) came out in court against a hedge fund’s demand for priority repayment from Lehman Brothers of its OTC FX trading under the Securities Investor Protection Act.
Tuesday, 13/01/2015 | 13:41 GMT by
Avi Mizrahi
Canadian Dollar's Rapid Decline Prompts Trading Margin Requirement Hike in Canada
- The Canadian self-regulatory organization IIROC, has issued an announcement about a pending increase in margin requirements on some foreign exchange pairs affected by the recent slump in oil prices.
Tuesday, 13/01/2015 | 10:54 GMT by
Victor Golovtchenko
Allied Markets LLC Charged by CFTC for $1 Million Forex Ponzi Scheme
- A court order has mandated all of the assets of allegedly fraudulent commodity pool operator, Allied Markets LLC, to be frozen and charged the firm and its principals Joshua Gilliland and Chawalit Wongkhiao.
Tuesday, 13/01/2015 | 08:33 GMT by
Victor Golovtchenko
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