regulation
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
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
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