regulation
FMA Urges Jackpot-Seeking Retail Investors to Avoid 'Big Win' Scams
- The FMA implores investors to restrain their profit expectations and avoid falling for financial scams. But is it realistic to expect unprepared and unaware novice investors to avoid becoming fixated with profits?
Thursday, 23/10/2014 | 09:15 GMT by
George Tchetvertakov
Regulatory Authorities Nearing FX Manipulation Charges, Fines Approaching $41B?
- Following a yearlong investigation by a number of global regulators alleging FX manipulation by many of the world’s leading banks, the potential costs associated with fines are starting to be weighed.
Tuesday, 21/10/2014 | 08:33 GMT by
Jeff Patterson
FX Fixing Scandal Continues its Misery - Rabobank Puts 2 More Traders on Leave
- Two FX traders have been placed on leave at Rabobank, Gary Andrews and Chris Twort have been named in an investigation. Mr Andrews is believed to have left the bank, according to his Linkedin profile.
Monday, 20/10/2014 | 20:59 GMT by
Adil Siddiqui
Two English Channel Islands Join Forces to Attract Brokers With Dual Gambling/Financial Licence
- The gambling regulator of Alderney and the financial regulator of the neighboring Guernsey will cooperate to establish the islands as a joint Binary Options, CFDs and Spread Betting jurisdiction.
Monday, 20/10/2014 | 15:17 GMT by
Avi Mizrahi
MFSA Tightens Financial Licensing Rules and Raises Capital Requirement
- Effective October 20th, all new foreign exchange brokers must adhere to a €730,000 initial minimum capital requirement in Malta alongside a range of other conditions designed to toughen financial regulation.
Monday, 20/10/2014 | 12:37 GMT by
George Tchetvertakov
Two Former Rabobank Employees Charged for Libor Rates Manipulation
- US Department of Justice has charged two former traders at Dutch bank, Rabobank. The two were found guilty of their role in the manipulation of Libor rates, a total of six former workers at the bank have been charged.
Thursday, 16/10/2014 | 18:59 GMT by
Adil Siddiqui
South Korea's Financial Regulator Intensifies Monitoring of Forex Trading
- In yet another example of the FX market coming under more scrutiny from regulators globally, Forex Magnates reports on South Korea's plans to make Forex brokers more transparent and traders more accountable.
Thursday, 16/10/2014 | 07:41 GMT by
George Tchetvertakov
Cyprus Regulator Releases Practical Guide to MiFID II for the Financial Trading Industry
- Among the highlighted changes: EU member states may require that third country firms will have to establish a branch in each member state where they operate and risk control requirements for high frequency traders.
Wednesday, 15/10/2014 | 10:41 GMT by
Avi Mizrahi
ActTrader Becomes 1st Multi-Asset Trading Platform Certified by Financial Commission
- Leading dispute resolution organization, Financial Commission, reports that it has certified a new trading platform. ActTrader, a trading portal becomes the second platform to gain recognition by the commission.
Tuesday, 14/10/2014 | 16:40 GMT by
Adil Siddiqui
Plus500 Granted CySEC License to Provide Financial Services in Cyprus
- Following an exclusive report on the broker opening office on Cyprus in August, Plus500 has been officially approved by the CySEC watchdog as an investment firm, following the assistance of consultant Map S.Platis.
Tuesday, 14/10/2014 | 09:22 GMT by
Adil Siddiqui
AMF Publishes Four-Year FX Study, 89% of Investors Experiencing Losses
- Autorité des marchés financiers (AMF) has issued an announcement warning investors of the potential dangers of trading FX, following a mounting number of complaints from investors.
Monday, 13/10/2014 | 11:56 GMT by
Jeff Patterson
Worldwide Investment Fund Reliance Prompts Regulatory Focus
- With wounds of the previous global financial crisis still lingering, asset managers and regulators are focusing on the mounting reliance of investment funds worldwide, which are estimated at 90% of the global economy.
Monday, 13/10/2014 | 06:39 GMT by
Jeff Patterson
FCA Issues Warning Against 'B2S Forex' and Encourages Investors to Avoid Unregulated Entities
- The FCA issues a new warning against another start-up FX broker operating without a license. This time, the perpetrator is not camouflaged in the City of London, but rather a leafy village in Leicestershire.
Monday, 13/10/2014 | 06:06 GMT by
George Tchetvertakov
Monarch FX and Quinten Hunter Banned From FX Crucible as ASIC Calls Foul and a Miss
- 'Wizard of Oz' Quinten Hunter temporarily banned by ASIC as the regulator starts court proceedings against Monarch FX for offering inappropriate advisory services and operating without a suitable license.
Monday, 13/10/2014 | 03:18 GMT by
George Tchetvertakov
Ending "Too Big to Fail:" Derivatives Industry Asks to Remove Cross-Border Close-Out Risk
- Mark Carney, Governor of the Bank of England and Chairman of the FSB, stated that the announcement “marks another important step towards completion of our comprehensive global reform agenda to end too-big-to-fail.
Sunday, 12/10/2014 | 13:25 GMT by
Avi Mizrahi
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
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