regulation
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
UK Treasury turns to public for advice on Bitcoin regulation, launches open consultation
Tuesday, 04/11/2014 | 10:55 GMT by
Leon Pick
FMA Pushing Forward with Plans to Raise Regulatory Standards and Shed Soft-Touch Reputation
- As the FMA prepares to initiate Phase Two of its sweeping financial markets reform later this year, the touchy subject of regulatory arbitrage comes into focus once more.
Tuesday, 04/11/2014 | 10:46 GMT by
George Tchetvertakov
US Brokers to Face New Reporting Practises under NFA’s Segregated Funds Reports
- US Financial services providers will be required to submit their semi-monthly segregated client funds data under new requirements. The watchdog requires firms to submit important client money data in percentages.
Monday, 03/11/2014 | 21:56 GMT by
Adil Siddiqui
RBS Preps for FX Settlement Charges with $639Mln Allocation, Company Stock Falls
- Several of the financial industry’s leading banks have been engulfed in an ongoing probe alleging FX manipulation – in anticipation of impending regulatory actions, RBS has allocated $639 million for potential settlements.
Monday, 03/11/2014 | 18:28 GMT by
Jeff Patterson
Israeli Securities Authority Issues Warning before Regulation of Forex Trading Begins
- The announcement comes amid "inaccurate publications concerning supervision," informing that the watchdog will not supervise all existing market players but only brokers whose license application would be approved.
Monday, 03/11/2014 | 13:45 GMT by
Avi Mizrahi
Exclusive: Myfxbook Becomes Regulated Platform with New CySEC License
- Copy trading provider Myfxbook obtained a license from the Cyprus Securities and Exchange Commission financial regulator, underpinning its stance as one of the leading social trading networks for forex traders.
Friday, 31/10/2014 | 14:00 GMT by
Ron Finberg
US Court Settles with Bankrupt Broker MF Global for Palladium and Platinum Price Discrepancy
- One of the largest financial derivatives trading firms, MF Global, has settled with US courts on matters relating to the price manipulation of certain precious metals contracts. Complainants to receive $21.1 million.
Thursday, 30/10/2014 | 23:44 GMT by
Adil Siddiqui
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