regulation
Got a Tip from a Friend on a CFD? In Australia It Can Cost You a Huge Fine and Jail Time
- The Australian Securities & Investment Commission took a CFD investor to court for insider trading charges. He may face years of Jail time and a massive fine in hundreds of thousands of for only $25,000 in profits.
Tuesday, 12/08/2014 | 10:35 GMT by
Avi Mizrahi
PCI SSC releases guidance on 3rd party relations for card data security
Monday, 11/08/2014 | 11:42 GMT by
FMAdmin Someone
Bulgarian Watchdog Warns against Introducing Brokers of Islandbay Services Belize
- The Bulgarian Financial Supervision Commission (BFSC) warns the public against the activities of the company ISLANDBAY SERVICES LTD with a brand name BROKER CAPITAL, and its IBs Investors LTD and 24 Trade.
Monday, 11/08/2014 | 09:40 GMT by
Avi Mizrahi
Regulators Enhance Global Cooperation as Fx Rates’ Criminal Investigations Drag On
- The FCA received thousands of assistance requests from law enforcement agencies worldwide in 2013, a 14% increase. A Serious Fraud Office probe targeting institutional dealers’ chat rooms will continue into 2015.
Monday, 11/08/2014 | 08:49 GMT by
Avi Mizrahi
UK's Regulator FCA Warns against Dealing with Leveltrade Ltd
- The company fraudulently claims on its website that it is registered in the UK, while on the bottom part of its website a short piece of text reveals that the operator is registered in the St Vincent and Grenadines.
Friday, 08/08/2014 | 11:24 GMT by
Victor Golovtchenko
UK Regulator Financially ‘Abuses’ Market Abusers - Annual Fines Cross $580 Million in 2013
- The Financial Conduct Authority has been pressing down on fines against firms & individuals guilty of market abuse, according to a report. The total amount of fines handed out to offenders topped $572 million in 2013.
Thursday, 07/08/2014 | 18:52 GMT by
Adil Siddiqui
The FCA Outlines Do's & Don'ts in Social Media Financial Promos
- The UK regulator has taken the initiative of clarifying compliance issues arising from using the new ways of interaction with customers of the financial industry by issuing a guidance consultation paper.
Thursday, 07/08/2014 | 09:47 GMT by
Victor Golovtchenko
Financial Commission Issues H1 Report Detailing Its Client Dispute Resolution Mechanism
- During the first half of 2014, the Financial Commission has resolved 20 claims from clients of forex and binary options brokers and has successfully launched its initiative for certifying binary options platforms.
Wednesday, 06/08/2014 | 16:17 GMT by
Victor Golovtchenko
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
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