regulation
LQD Markets Officially No Longer Authorised by Cyprus Watchdog
- FX broker LQD Markets Ltd has officially renounced its CySEC authorization to provide investment services and now operates and an FCA regulated entity alone as Forex Magnates reported before it had planned.
Tuesday, 05/08/2014 | 09:48 GMT by
Avi Mizrahi
Should Regulators Pay Whistleblowers? The FCA Thinks Differently
- Conflicting views in either side of the Atlantic have opened-up debate on the benefits of running an incentivized whistleblower program, when the British watchdog utterly rejects the Americans' supportive approach.
Monday, 04/08/2014 | 22:09 GMT by
Adil Siddiqui
European Commission Delays Unilateral Spot FX Definition to 2017
- A missing EU wide universal FX Spot transactions definition makes the EMIR implementation process a great example of the scale of European Bureaucracy and the lack of consensus (not only) about financial regulation.
Monday, 04/08/2014 | 17:37 GMT by
Victor Golovtchenko
"Israel’s New FX Tight Control Regime May Lead to Industry Mergers and Exits”
- After passing the new regulation limiting leverage and requiring brokers to acquire a licence, speaking with Forex Magnates the lawmaker behind it vows traders' protection and expects an industry shake up.
Sunday, 03/08/2014 | 14:35 GMT by
Avi Mizrahi
FCA Finds That Brokerage Firms Fail to Deliver Best Execution to Customers
- Findings detailed in the latest FCA Thematic Review of Best execution and payment for order flow amongst 36 brokerages, are detailing how companies in the industry largely fail in delivering best execution.
Thursday, 31/07/2014 | 09:42 GMT by
Victor Golovtchenko
NFA Slams the Door on ILQ on Its Way out from the US with Massive Fine
- After ILQ already dropped its Retail Foreign Exchange Dealer License in April, the NFA now placed a permanent ban from membership on the firm and orders it to pay a fine and restitution of about $350,00.
Wednesday, 30/07/2014 | 08:47 GMT by
Avi Mizrahi
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
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