regulation
UK-Based FCA Restructures Amid Sharper Focus on Regulatory Matters
- The Financial Conduct Authority is to implement a new strategic approach from the fifth of January 2014. New structural changes to be deployed as the FCA shapes its future after a successful 18 months.
Tuesday, 09/12/2014 | 00:49 GMT by
Adil Siddiqui
ASIC Forces Broker to Enhance Supervision in "Forex Crackdown"
- The Australian watchdog raised concerns over Calibre’s risk frameworks, advice to clients and supervision of representatives, and the company has changed the way it does business adhering to a stricter procedures.
Monday, 08/12/2014 | 07:19 GMT by
Avi Mizrahi
Bitcoin Picks: BitPay Enlists New Partners, Bitcoin Mining Difficulty Wanes
- A variety of developments transpired this week across the bitcoin realm, which included BitPay adding DriveWealth and Xsolla as partners, while bitcoin mining difficulties declined for the first time since 2013.
Saturday, 06/12/2014 | 10:05 GMT by
Jeff Patterson
Dodd-Frank Violations Lead to a $1.3 mln Fine for Gold Distributors Inc
- A Federal Court ordered the company and its owner Jordan Cain to pay restitution and civil monetary penalty for violating Dodd-Frank Amendments to the Commodity Exchange Act between January 2012 and February 2013.
Friday, 05/12/2014 | 17:42 GMT by
Victor Golovtchenko
Two Aussies Plead Guilty of Insider Trading after Pocketing $180,000
- The pair pled guilty after admitting to all of their wrongdoings related to several cases of exceptionally good trading decisions related to takeover bids netted them a hefty sum from CFD and shares transactions.
Friday, 05/12/2014 | 07:33 GMT by
Victor Golovtchenko
Canadian Consumer Commission Weary of Binary Options, Bitcoin
- Canadian financial services watchdog in New Brunswick has issued a note to investors warning them about possible investment scams. Binary options and digital currencies were identified as emerging threats.
Tuesday, 02/12/2014 | 23:34 GMT by
Adil Siddiqui
Breaking: Offshore New Zealand Brokers Exempted from NZ$ 1M Capital Requirement
- According to the New Zealand Financial Markets Authority, if brokers are not offering their services to New Zealand residents, there is no need to get licensed by the regulator, but only register on the FSPR.
Tuesday, 02/12/2014 | 17:04 GMT by
Victor Golovtchenko
November Forex Industry Review: FX Fines, Funding and Steady Volumes
- The cooling weather of November or the Turkey and the NFL of Thanksgiving didn't result in a slowdown of activity in the forex industry as the month saw the release of plenty of products, scandals, and funding.
Monday, 01/12/2014 | 16:46 GMT by
Ron Finberg
Spain says bitcoin gambling sites require license, defines bitcoin as currency for Gambling Act
Sunday, 30/11/2014 | 15:27 GMT by
Leon Pick
Breaking: New Zealand FMA’s Phase Two Slated to Take Effect, Major Shift Coming?
- Phase two of New Zealand’s Financial Markets Authority (FMA) is poised to take effect December 1, ushering in a new era of capital markets and financial services laws that will revamp investor disclosure.
Friday, 28/11/2014 | 07:58 GMT by
Jeff Patterson
FOFA Bandwagon Takes Unexpected U-Turn as Advisors Brace for Compliance Quagmire
- With regulators in the process of reforming financial regulation worldwide, the Australian Senate gets involved by voting to repeal previous regulation designed to protect retail investors. Political games in economic circles.
Thursday, 20/11/2014 | 04:51 GMT by
George Tchetvertakov
ConvergEx Subsidiaries Caught Raiding the Cookie Jar by US Authorities
- The penalty hammer comes down on ConvergEx after long standing investigations, charges and a lengthy prosecution by a cavalcade of US authorities including the DoJ, FBI, USPIS and the SEC.
Thursday, 20/11/2014 | 03:13 GMT by
George Tchetvertakov
Discretionary CFD Broker Terminated by ASIC, Director Banned for Second Time
- ASIC terminates one CFD broker, bans its Director and warns against a margin foreign-exchange broker YoutradeFX operating without a license. The regulator's battle for compliant market practises continues.
Tuesday, 18/11/2014 | 01:26 GMT by
George Tchetvertakov
Banks Face Judgment Day As FXCM Strengthens US Market Foothold
- This week’s “Best Stories” edition explores the true meaning and possible consequences of the much awaited FX rates manipulation fines, along with interesting findings from CFTC's September retail fx report.
Saturday, 15/11/2014 | 22:01 GMT by
Jeff Patterson
Quebec AMF Issues an Updated Binary Options Warning List
- According to one of the provincial Canadian regulators, residents of Quebec should avoid dealing with a list of 36 off exchange binary options providers offering unauthorized trading to Canadian residents.
Friday, 14/11/2014 | 21:45 GMT by
Victor Golovtchenko
Social Media Sellers Get Busted as SEC Charges for FX & Investment Fraud
- US regulator has charged two Indian-based fraudsters & their firm for their involvement in a high-yield investment scheme that offered guaranteed returns. The firm was caught-out for its mis-selling on social media.
Wednesday, 12/11/2014 | 20:39 GMT by
Adil Siddiqui
US CFTC Obtains Orders for a Record $3.27 Bln in Monetary Sanctions for Fiscal 2014
- However, the U.S. Commodity Futures Trading Commission is not providing data about the actual number in collected fines, an effort which is led by the U.S. Department of Justice and the U.S. Department of Treasury.
Tuesday, 11/11/2014 | 13:42 GMT by
Victor Golovtchenko
ASIC Announces Areas of Focus for Upcoming Financial Reports by Listed Companies
- The Aussie regulator encourages greater transparency and responsibility from Listed companies when submitting financial reports at the end of the year. ASIC urges Directors to "challenge the accounting estimates and treatments" if necessary.
Friday, 07/11/2014 | 01:50 GMT by
George Tchetvertakov
Cypriot Regulator Approves Lucro Capital aka HiWayFX as an Authorised Provider of FX
- Brokers operating in the FX & CFD arena continue to choose Cyprus as their preferred destination for company set-up and authorisation. HiWayFX, a Lucro Capital brand, becomes the latest firm to gain approval as a CIF
Thursday, 06/11/2014 | 18:58 GMT by
Adil Siddiqui
Exclusive: MAP S.Platis Launches Forensic Unit Headed by Rakis Christoforou
- Amidst a flurry of regulatory attention zeroing in on the financial services sector, Cypriot financial consultant MAP S.Platis has launched the MAP Financial Forensic Unit, headed by Rakis Christoforou.
Wednesday, 05/11/2014 | 07:00 GMT by
Jeff Patterson
One for All as ECB Takes Charge of Banking Regulations & Supervision for the Union
- Europe's main central banking institute, the ECB will take charge of central banks in the region. The Frankfurt-based organisation will assume full responsibility as the Single Supervisor in the Banking Union.
Tuesday, 04/11/2014 | 20:58 GMT by
Adil Siddiqui
An In-Depth Look into the Money-Making Behemoth of the Binary Options Industry
- As high profile sponsorships and IPO chatter mark an imminent breakthrough in the binary options space, Forex Magnates Research releases its new report offering unique data and analysis of the emerging industry.
Tuesday, 04/11/2014 | 14:24 GMT by
FMAdmin Someone
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