regulation
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
CFTC Charges Executive Management Advisors LLC with Running an $8.3 Mln Ponzi Scheme
- According to the charges by the regulator, John R. Bullar who is the owner of the company has been involved in operating an $8.3 Million Commodity Pool and a Ponzi Scheme Alleging to trade Futures and Options.
Tuesday, 23/09/2014 | 23:31 GMT by
Victor Golovtchenko
Ibinex Aims to Become First Regulated Bitcoin ECN, Becomes Financial Commission Member
- Ibinex which aims to create the first bitcoin ECN created for forex brokers from the ground up has announced that it is a founding member of the Financial Commission's new Crypto division.
Tuesday, 23/09/2014 | 13:48 GMT by
Ron Finberg
Two Brokers at Merrill Lynch Sacked for Promoting outside Funds
- Merrill Lynch gets heavy with brokers that were found selling products that were not vetted by the firm. Reports state that two employees were fired after the firm found them breaching securities industry rules.
Monday, 22/09/2014 | 19:05 GMT by
Adil Siddiqui
Protecting Its Forex Hub Status, UK Won't Impose FX Forwards Reporting until Forced to by the EU
- The British Financial Conduct Authority will not require mandatory forex forwards reporting by UK regulated firms until its legally forced to by the European Commission by Mifid II in 2017 or even later.
Monday, 22/09/2014 | 15:03 GMT by
Avi Mizrahi
Sebi Issues Fines against Brokers for Non-Adherence to Complaints Procedures -$31,000
- The main securities regulator in Asia's 2nd most populous nation, India, was getting heavy handed with firms failing to comply with its complaints procedure, the watchdog issued a number of fines against 7 firms.
Saturday, 20/09/2014 | 09:43 GMT by
Adil Siddiqui
Boston Trading Owner, Craig Karlis Sentenced to 9 Years in Prison for Forex Fraud
- Massachusetts based owner of the company Boston Trading and Research LLC, Craig Karlis was sentenced to nine years in prison and commissioned to pay to defrauded victims of his forex scheme $4,378,306.
Friday, 19/09/2014 | 21:15 GMT by
Victor Golovtchenko
FINMA Undergoes Bankruptcy Proceedings against Beleaguered Espirito Santo
- The Swiss Financial Market Supervisory Authority (FINMA) has instigated formal bankruptcy proceedings against Banque Privée Espírito Santo SA, following evaluations that the bank has been over-indebted.
Friday, 19/09/2014 | 11:57 GMT by
Jeff Patterson
FSB Publishes OTC Feasibility Study, Number of Trade Repositories Rises to 25
Friday, 19/09/2014 | 09:56 GMT by
Jeff Patterson
OSC Changes Course, Proposes Fee Structure Reversal for Dealers & Fund Managers
- The Ontario Securities Commission (OSC) has proposed a series of changes that if passed, will overtly change fee structures based on current market conditions in Canada for dealers and fund managers.
Friday, 19/09/2014 | 08:23 GMT by
Jeff Patterson
Kenya’s Financial Landscape to Get Knowledge Boost
- Financial services professionals in East Africa’s largest economy, Kenya, will benefit from enhancements in their product and markets knowledge. The country’s regulator has signed an MOU with the UK’s CISI.
Thursday, 18/09/2014 | 18:00 GMT by
Adil Siddiqui
London FX Traders Face Dwindling Bonuses in Wake of Scandal
- Bonuses awarded to FX traders in London, a long held perk of the position, are slated for a massive decline of -43% this year, in wake of lingering scandals and regulatory crackdowns that have engulfed the industry.
Thursday, 18/09/2014 | 07:06 GMT by
Jeff Patterson
Global FX Market Regulation – a Big Dream That Requires Even Bigger Ambition | Part 2
- In the second part of our article looking at FX regulation, we analyze the current status of global FX market regulation and what the implications are for various market participants.
Thursday, 18/09/2014 | 00:23 GMT by
George Tchetvertakov
ASIC Signs Memorandum of Understanding as OTC Market Reforms Loom
- Australia's financial market regulator has announced the signing of a Memorandum of Understanding with Singapore's Monetary Authority as Asia's regulatory agencies circle the wagons in preparation for potential G20 reforms
Wednesday, 17/09/2014 | 05:00 GMT by
George Tchetvertakov
Hedge Fund SAC Capital Guilty of Insider Trading - Loses Fund Management License
- Leading hedge fund found guilty of insider trading in 2013 has license revoked by the CFTC. SAC Capital has paid $1.2 billion in fines and will no longer be offering fund management services.
Tuesday, 16/09/2014 | 23:30 GMT by
Adil Siddiqui
SafeCharge Expands into Electronic Money, Gets Authorized by the Central Bank of Cyprus
- The company’s wholly owned subsidiary SafeCharge Limited has received the authorization under the European Parliament’s 2009 directive applying to payment service providers which issue electronic money in the EU.
Tuesday, 16/09/2014 | 09:00 GMT by
Victor Golovtchenko
FCA Warns against yet Another Clone Company Using the Details of a Natixis Subsidiary
- UK's regulatory body has issued a warning on its website against a fraudster using the details of EEA Authorized company Dupont Denant Contrepartie S.A, a subsidiary of French investment bank Natixis Securities.
Tuesday, 16/09/2014 | 07:13 GMT by
Victor Golovtchenko
Morgan Stanley Settles to Pay $280,000 to CFTC, Relating to Faults in KYC Procedures
- The regulator also established failures relating to enforcement of imposed trading limits, lack of timely and accurate response to a CFTC document request, and failure to maintain adequate customer records.
Monday, 15/09/2014 | 23:03 GMT by
Victor Golovtchenko
Shanghai Free Trade Zone in Flux, Senior Official, Dai Haibo Departs
- The Shanghai Free Trade Zone’s (FTZ) most senior official, Dai Haibo has relinquished his duties as Executive Deputy Director and Communist Party Chief, following alleged disciplinary violations.
Monday, 15/09/2014 | 10:25 GMT by
Jeff Patterson
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