regulation
Monolith-Invest, Personal-Trader.RU Blacklisted by CRFIN
- The Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN) has blacklisted a fraudulent organization under the alias Monolith-Invest, citing unrealistic expectations and misleading guarantees.
Friday, 10/10/2014 | 17:08 GMT by
Jeff Patterson
IFG Markets, Wilson Cheng Permanently Barred from NFA Following Settlement
- Following an earlier compliant and allegations of illicit recordkeeping practices and fraud by the NFA, IFG Markets LLC and Wilson Cheng have been permanently banned from membership, reaching a settlement.
Thursday, 09/10/2014 | 18:29 GMT by
Jeff Patterson
Rabobank Exiles Two London Staff Members Amid FX Probe
- On the heels of a lingering investigation into FX manipulation, Rabobank has placed two of its staff from its London branch on paid leave, in a bid to mitigate the intense regulatory pressure zeroing in on the bank.
Wednesday, 08/10/2014 | 00:01 GMT by
Jeff Patterson
Where Is My Money? Shunned Investors Search for Relief - CollectiveFX Goes AWOL
- Distraught clients of CollectiveFX have taken it upon themselves to reclaim funds held at the dissolved firm. Investors have started an online-vigilante to recover money believed to be in the millions of dollars.
Tuesday, 07/10/2014 | 18:51 GMT by
Adil Siddiqui
U.S Watchdog Charges Forex Monthly Income Fund with Fraud for Misappropriating over $1 Mln
- A firm that guaranteed senior citizens monthly returns on their investment based on profits earned from trading allegedly never traded but rather misappropriated more than $1 million of the pool participants’ funds.
Tuesday, 07/10/2014 | 16:19 GMT by
Avi Mizrahi
London to Position Itself as Binary Options Trading Hub under Regulatory Reforms
- Could the UK play homage to the vibrant Binary Options sector if new Government proposals take shape? Plans to regulate the instrument under the authority of the FCA could revolutionise the gambling-based instrument.
Friday, 03/10/2014 | 20:54 GMT by
Adil Siddiqui
US Court Bans FX Fraudster & His Unregulated Firm for Operating an FX Managed Account
- An unregulated FX asset manager has been charged by a Californian court for running a forex pool scheme. Glenn Jackson and Highlands Capital Management face a permanent ban and can no longer register with the CFTC.
Thursday, 02/10/2014 | 17:28 GMT by
Adil Siddiqui
IEX Integrates First Derivatives' Delta Software Platform
- The IEX Group has integrated First Derivatives’ Delta software platform to provide trade surveillance and analytics for its equity trading operations in an effort to help curb market abuse and illicit practices.
Thursday, 02/10/2014 | 09:58 GMT by
Jeff Patterson
UK Treasury Plans to Criminalise All Benchmark Fixing LIBOR-Led by Example
- After the horse has already bolted, the UK Treasury begins a consultation into closing the barn door.
Wednesday, 01/10/2014 | 13:30 GMT by
George Tchetvertakov
US Regulator Orders Peak Capital Management Group to Pay over $1.6 Million for Forex Fraud
- A US-based fraudster has been charged by the CFTC for carrying out currency fraud. The culprit, Scott Beatty, will pay over $1.6 million in restitution and fines for his role in a pyramid-style scheme that defrauded Japanese residents.
Tuesday, 30/09/2014 | 18:23 GMT by
Adil Siddiqui
Swedish Watchdog Follows British Warning against DuPont FX Clone Scam
- Representatives from DuPont Financial/DuPont FX/DP Global Services Ltd (clone of authorised firm) are using the details of an authorised firm to try to convince people that they work for a genuine, authorised firm.
Tuesday, 30/09/2014 | 16:47 GMT by
Avi Mizrahi
FSB Releases Final Report on FX Benchmarks, WMR Poised to Change?
- The Financial Stability Board (FSB) has released the final and latest version of its report dealing with FX benchmarks, along with supplemented recommendations for notable measures for reform for FX markets.
Tuesday, 30/09/2014 | 10:17 GMT by
Jeff Patterson
Vision Broadcast’s CEO Gets Blurred Response as SEC Charges for Fraud
- Two Florida-based residents were handed out sentences for defrauding private investors. The culprits duped investors into investing in a television network and production company by presenting false information.
Tuesday, 30/09/2014 | 09:18 GMT by
Adil Siddiqui
Lloyds Axes Eight Employees, Slashes Bonuses as Libor Wounds Remain Fresh
- The Libor specter has once again returned to Lloyds Banking Group Plc, culminating in the dismissal of eight employees and a dramatic reduction of bonuses after the FCA found that seven managers were guilty of misconduct.
Tuesday, 30/09/2014 | 06:02 GMT by
Jeff Patterson
Breaking: UK to Ditch Gambling Regulation of Binary Options Delegating It to FCA
- The UK government will propose a consultation for regulating binary options as financial products which will remove the binary options financial betting category from the reach of the Gambling Act of 2005.
Monday, 29/09/2014 | 18:42 GMT by
Victor Golovtchenko
Probe Launched against Commerzbank over Money Laundering Allegations
- German banking giant Commerzbank AG has been placed in the crosshairs of US monetary authorities, culminating in the launch of a probe for alleged violations of US money-laundering laws.
Saturday, 27/09/2014 | 14:35 GMT by
Jeff Patterson
Bitcoin Picks: Huobi Asset Rumors Swirl, PayPal Embraces Bitcoin for Purchases
- The world of cryptocurrencies faced another interesting and stimulating week, including a Huobi leak of client assets, a potentially watershed discussion of Bitcoin-based derivatives, and other developments.
Saturday, 27/09/2014 | 08:10 GMT by
Jeff Patterson
Luxembourg’s Financial Regulator Warns Against... Its Own Clone Website
- Clone wars are going to a new level as new unknown entities are creating websites imposting as official regulators which are further relaying the message of allegedly regulated exchanges accepting deposits.
Friday, 26/09/2014 | 19:45 GMT by
Victor Golovtchenko
Key Industry Leaders Launch Foreign Exchange Professionals Association
- The FX industry has reached a precipice amidst regulatory scrutiny worldwide, prompting the coalescence of key industry leading officials to launch the Foreign Exchange Professionals Association (FXPA).
Thursday, 25/09/2014 | 14:39 GMT by
Jeff Patterson
OANDA Joins with Australian CFD Forum in Bid to Promote Transparency
- OANDA, a global provider of FX and contract for difference (CFD) instruments, has announced its inclusion into the Australian CFD Forum, part of an initiative to fortify its regulatory standards.
Thursday, 25/09/2014 | 13:32 GMT by
Jeff Patterson
CFTC Commissioner Warns of a Looming Cross-Atlantic Derivatives Trade War
- Commissioner Giancarlo predicts a disaster might befall U.S. and European economies due to American regulatory overreach in the OTC derivatives segment that is leading to the Balkanization of global markets.
Wednesday, 24/09/2014 | 10:17 GMT by
Avi Mizrahi
AMF Updates Swat List of Binary Options Providers Retail Traders Should Avoid
- Almost four dozen names are added to the AMF's list of unauthorized brokers. Regulations and other deterrents are not slowing down the race-to-market between binary providers amongst whom rogues dwell.
Wednesday, 24/09/2014 | 08:43 GMT by
George Tchetvertakov
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