regulation
Trying to Sue Your FX/CFD Broker? In Israel It Might Cost You Dearly
- The Tel Aviv District Court rejected an Israeli trader's claim that Atrade, a local subsidiary of AvaTrade, profited from client losses and fined him NIS 75,000 to pay the broker for compensation.
Wednesday, 30/07/2014 | 05:51 GMT by
Avi Mizrahi
Hong Kong Listed Broker Gets Monetary Penalty for Misleading Advertisement
- Hong Kong regulated broker, Bright Smart Securities fined for publishing advertisement with incorrect information. The penalty was issued by the financial watchdog, the Securities and Futures Commission.
Tuesday, 29/07/2014 | 19:19 GMT by
Adil Siddiqui
Apple warms up to Bitcoin with reintroduction of BlockChain on AppStore
Tuesday, 29/07/2014 | 14:30 GMT by
FMAdmin Someone
Lloyds Banking Group Faces over $200 Million Fine in LIBOR Manipulation Charges
- The British and American regulators have settled against Lloyds Banking Group plc and affiliates for false trade reporting and the manipulation of LIBOR & Repo Rates, levying the third highest fine by the FCA.
Monday, 28/07/2014 | 14:06 GMT by
Jeff Patterson
FX Business In Cyprus? Troika States Fiscal Targets Exceeded Significantly
- According to an announcement jointly issued by the European Commission, the ECB and the IMF, fiscal prudence in Cyprus is exceeding targets, FX companies in the region have less to worry about after Troika review.
Friday, 25/07/2014 | 13:15 GMT by
Victor Golovtchenko
CRFIN Blacklists Global Trust Investment, Unrealistic Returns from Forex
- The Russian over-the-counter FX self-regulatory organisation has announced on its website that the entity named Global Trust Investment has been blacklisted due to promising unrealistic returns from forex trading.
Friday, 25/07/2014 | 09:09 GMT by
Victor Golovtchenko
Bitcoin Picks: Negative Feedback to BitLicenses and Is Dogecoin Doomed?
Friday, 25/07/2014 | 07:56 GMT by
Ron Finberg
Slovene Securities Market Agency Issues Warning against Worth Ltd
- The Slovene Securities Market Agency has issued a warning to investors about the activities of the Worth Ltd, which is operating through the site name VenetFX, having failed to obtain proper authorization.
Thursday, 24/07/2014 | 18:44 GMT by
Jeff Patterson
ECB's Website Attacked: Sensitive Data Intact, Personal Info Compromised
- According to an ECB spokesperson contacted by Forex Magnates the website itself never went blank, the breach has been identified after an extortion email has been received asking for monetary compensation.
Thursday, 24/07/2014 | 12:30 GMT by
Victor Golovtchenko
FCA Initiates Prosecution of Currencytrader Over Alleged Fraud
- Phillip Harold Boakes of currency-trader.co.uk is accused by the British financial watchdog of theft, six counts of fraud, three counts of using a false instrument and accepting deposits without authorization.
Wednesday, 23/07/2014 | 14:21 GMT by
Avi Mizrahi
UFXMarkets Slapped with OSC Warning, Splits Its Regulation
- The broker who has recently rebranded to the valuable UFX.com domain was added to the Warning List by the Ontario Securities Commission, while segmenting regulatory profile on its site with Cysec and Belize credentials.
Wednesday, 23/07/2014 | 11:42 GMT by
Ron Finberg
Binary Options By Royal de Bank & Futurmarket Exposed by Luxembourg's CSSF
- Both companies have alleged on their websites that they are established in Luxembourg, however that has been denied by the country's financial regulator, The Commission de Surveillance du Secteur Financier.
Tuesday, 22/07/2014 | 17:00 GMT by
Victor Golovtchenko
Allston Holdings Appoints Regulatory Specialist Jill Sommers
- Allston Holdings LLC, a parent group of leading proprietary electronic trading firm Allston Trading, has named former Commodity Futures Trading Commission (CFTC) Commissioner Jill E. Sommers to its Board of Managers.
Tuesday, 22/07/2014 | 14:38 GMT by
Jeff Patterson
Isle of Man: Bitcoin transmission doesn't need license, but use at your own risk
Tuesday, 22/07/2014 | 12:39 GMT by
Leon Pick
OSC Warns of ‘High’ Returns in Forex, Binary Options and Marijuana
- The Ontario Securities Commission marked ‘hot’ investment trends in a report titled “Beware of the latest thing”. On the list are marijuana, Forex, and binary options investments: "big payouts come with big risks".
Monday, 21/07/2014 | 15:45 GMT by
Ron Finberg
All Investment Products in Singapore Set to Require Complexity and Risk Ratings
- The Monetary Authority of Singapore seeks to make a few changes to its regulatory framework its says are needed for safeguarding investors’ interests, including treating professional investors as retail.
Monday, 21/07/2014 | 14:18 GMT by
Avi Mizrahi
CFTC: A Forex Firm Promising to "Consistently Deliver in All Market Conditions" Is Fraud
- The US watchdog added allegations of fraudulent misrepresentation, false statements and misappropriation of $1 million of pool participant funds to charges against Daniel K. Steele, who got $2 million from investors
Sunday, 20/07/2014 | 11:29 GMT by
Avi Mizrahi
Hong Kong Edges Closer to Mandatory Reporting of OTC Derivatives
- Hong Kong’s two main financial markets and banking regulatory authorities have a issued a 1-month consultation on OTC derivatives, mandatory reporting and record-keeping obligations will be addressed.
Saturday, 19/07/2014 | 15:30 GMT by
Adil Siddiqui
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