regulation
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
Bitcoin Picks: Regulation, Hedge Funds, and iPhone Wallet’s
- It’s Friday and another round of reviewing some of the important and more interesting stories this past week in the world of virtual currencies on Digital Currency Magnates headlined by New York regulation.
Friday, 18/07/2014 | 10:06 GMT by
Ron Finberg
Exclusive: Russian Forex Regulatory Discussion Leaks as Voting Postponed for Autumn
- Sources close to ongoing discussions claim two types of regulatory licenses for the Russian market - for prime brokerages and for retail brokerages which can only be sourcing liquidity from regulated prime brokerages.
Friday, 18/07/2014 | 07:58 GMT by
Victor Golovtchenko
Benchmark Rates and FX Probe Grab Attention at FCA Public Talk
- The FCA held its first annual meeting since the 2012 regulatory overhaul. Its chairman has vowed protecting the British consumer and promoting free competition, while promising new FX probe findings in 2015
Thursday, 17/07/2014 | 19:30 GMT by
Adil Siddiqui
UPDATE: EU Consumer Directive. Ban on credit card surcharges goes into effect
Wednesday, 16/07/2014 | 12:31 GMT by
FMAdmin Someone
Is Cyprus Getting Too Strict? New Companies' Licensing Slashed by One-Third in Q2
- The total number of new investment firms licensed by the Cyprus Securities and Exchange Commission In the second quarter of 2014 went down to only eight firms, a decrease of over 27% Year-Over-Year.
Tuesday, 15/07/2014 | 09:03 GMT by
Avi Mizrahi
FX Probes Further Unfold - Junior Traders Offered Immunity for Information
- The FX probes ramification has led to junior traders on the desk. FT reports that US investigators have travelled to the UK to dig-deep into the way senior-bank traders allegedly manipulated FX rates.
Monday, 14/07/2014 | 20:48 GMT by
Adil Siddiqui
Belgian Watchdog Warns against Unapproved Binary Options Brands
- OBmarkets, Good Option, Ubinary, Triumph Option, Bo Bank/Analysis Finance and BforBroker have been cited by the Belgian regulator FSMA to be providing investment services in the country without authorization.
Monday, 14/07/2014 | 07:28 GMT by
Victor Golovtchenko
Talking Cryptocurrency and Digital Crowdfunding Laws with Tal Ron, Drihem & Co
Friday, 11/07/2014 | 10:54 GMT by
Ron Finberg
Vatican Appoints Veteran Execs from Goldman Sachs, Deutsche Bank
- Drawing upon a pool of qualified financial personnel, Pope Francis has turned to veteran specialists from Goldman Sachs, Deutsche Bank AG, and Invesco to help curb rampant corruption and effectively overhaul the Vatican Bank.
Thursday, 10/07/2014 | 04:00 GMT by
Jeff Patterson
State Street Court Reaches Shareholder Settlement Worth $60 Million, Following FX Fraud
- State Street Corp, a financial services company dealing in several asset-classes, has reached a $60m settlement following a shareholder lawsuit, which alleged the firm overcharged its clients for forex-related services.
Wednesday, 09/07/2014 | 15:35 GMT by
Jeff Patterson
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