regulation
Global Futures & Forex Ltd (GFT) to Pay $200K Fine by CFTC to Settle Capital Violation Charges
- The order settles charges against Global Futures & Forex, Ltd. (GFT) over a failure to comply with minimum financial requirements that occurred between December 2010 and November 2012, prior to the GCAP acquisition.
Monday, 19/05/2014 | 18:05 GMT by
Steven Hatzakis
Intuit releases QuickBooks Bitcoin Payments solution
Monday, 19/05/2014 | 12:52 GMT by
FMAdmin Someone
CRFIN Warns against Royal Smart Group and Forex MMCIS Group
- Russian self-regulatory organization CRFIN has issued two press releases outlining that it has added both companies to its blacklist for allegedly misleading and promising unrealistic returns to depositors.
Friday, 16/05/2014 | 14:25 GMT by
Victor Golovtchenko
RP Martin Fined by CFTC and FCA, over Yen Libor Manipulation, Totaling $2.2M in Penalties
- RP Martin Holdings Limited, and subsidiary Martin Brokers (UK) Ltd were fined a total $2.2M, of which $1.2M was announced by the CFTC today, and the other $1M equivalent (£630K) by the FCA today over Yen LIBOR case.
Thursday, 15/05/2014 | 14:09 GMT by
Steven Hatzakis
eBay is “actively considering” Bitcoin integration
Thursday, 15/05/2014 | 10:49 GMT by
FMAdmin Someone
CySEC Fines AFX Capital Markets Ltd €10,000 on a Number of Violations
- The company operating the AFX Capital brand, based in Cyprus, and with multiple entities regulated in several jurisdictions, got fined a total of ten thousand Euros today, by the Cyprus Securities & Exchange Commission.
Wednesday, 14/05/2014 | 14:44 GMT by
Victor Golovtchenko
Apple to increase online sales by shortening return and refund times
Monday, 12/05/2014 | 13:44 GMT by
FMAdmin Someone
Target CEO resigns after cyber-attack: What we can learn from the massive data breach
Sunday, 11/05/2014 | 13:35 GMT by
FMAdmin Someone
Last Call Today for Comments on European Commission's FX Instruments Consultation
- The applicability of EMIR reporting for certain FX instruments revealed inconsistency of local definitions, and resulted in needed clarification, a 30 day public comment period was given, and comes to an end today.
Friday, 09/05/2014 | 10:52 GMT by
Steven Hatzakis
ABS Staffer Leaked Data to NAB AUD/USD Trader, Both Nabbed for Insider Trading
- A junior officer at the Australian Bureau of Statistics (ABS) allegedly gave data to a National Australia Bank (NAB) trader, enabling insider trading that exploited a $7M profit, and got both men arrested today.
Friday, 09/05/2014 | 09:35 GMT by
Steven Hatzakis
Forex Live FX Is Not Regulated by ASIC and Mauritius FSC
- An unregulated entity behind Forex Live FX has been falsely claiming on its website to be authorised to offer its financial services under Australian ASIC and the Mauritius FSC regulators.
Thursday, 08/05/2014 | 09:27 GMT by
Victor Golovtchenko
The US CFTC Issues an Amendment to Its Complaint Against Banc De Binary
- The regulator has made the charges personal and included three corporate affiliates into the complaint it has filed in June 2013 - E.T. Binary Options Ltd., BO Systems Ltd. and BDB Services Ltd.
Wednesday, 07/05/2014 | 21:06 GMT by
Victor Golovtchenko
From Rags to Riches to Behind Bars – Financial Technologies' Chairman Jignesh Shah Arrested
- Things have gone from bad to worse for one of India’s most respected financial services professionals. Jignesh Shah, the mastermind behind India’s most liquid commodities exchange was arrested in Mumbai in connection with the NSEL scam.
Wednesday, 07/05/2014 | 19:01 GMT by
Adil Siddiqui
Analysis: Markit Converging Towards IPO Amidst Transparency Measures
- Markit, a leading global provider of financial services across OTC and derivatives has announced the F-1 filing with the Securities and Exchange Commission (SEC) for an initial public offering (IPO).
Wednesday, 07/05/2014 | 11:31 GMT by
Jeff Patterson
Belgian Regulator Warns against Binary Options, OSC against Optionrally
- The Belgian FSMA is warning potential investors in the product about the risks associated with trading binary options contracts, while Canadian regional regulators express their willingness to consolidate.
Tuesday, 06/05/2014 | 10:02 GMT by
Victor Golovtchenko
A Brief Look at QIR1 Article on Digital Currencies: Is Cryptocurrency Trading the Future?
- Digital currencies have been thrown into a state of flux on the heels of the collapse of the largest Bitcoin exchange MtGox, however the industry has remained remarkably resilient in the face of ongoing challenges.
Monday, 05/05/2014 | 07:00 GMT by
Jeff Patterson
CFTC Charges & Freezes Assets of Previously Convicted FX Fraudster Alex Ekdeshman
- A US court has placed a restraining order on two fraudsters stating that their assets will be frozen. Directors of EJS Capital Management were charged with misappropriation of $2 million of investor funds.
Friday, 02/05/2014 | 19:08 GMT by
Adil Siddiqui
Exclusive: JFSA with ASIC to Prohibit Aussie FX Brokers from Accepting Japanese Residents
- Protectionism hits a new peak as Japan’s financial regulator forbids Australian brokers from accepting Japanese residents. The move comes as Japan’s restricted trading environment aims to eliminate ‘any’ leaks.
Wednesday, 30/04/2014 | 10:35 GMT by
Adil Siddiqui
Exclusive: Q1 2014 US FX Account Profitability Report, Less Traders but More Profits
- US retail forex brokers have issued their figures of client profitability and active account numbers for Q1 2014. During the quarter, 37.6% of traders were profitable, a 4.1% increase from Q4 2013.
Tuesday, 29/04/2014 | 14:08 GMT by
Ron Finberg
ASIC Mandate Necessitates DTCC Extension of Trade Reporting Service
- The Depository Trust & Clearing Corporation (DTCC) has launched an extended Global Trade Repository (GTR) service to market participants for OTC derivatives, with provisions for further asset-class expansion.
Tuesday, 29/04/2014 | 13:29 GMT by
Jeff Patterson
Executive Interview: Amana Capital CEO Ahmad Khatib on FCA License Value in the Middle East
- Subsidiary Amana Financial Services UK Ltd. has been authorised by the FCA, making it one of the first middle eastern brokers to strengthen its brand position in a market where client awareness is growing rapidly.
Saturday, 26/04/2014 | 19:33 GMT by
Victor Golovtchenko
Sneak Peek of QIR1 Article on EMIR: Centralized Reporting Hits Europe
- The largest regulatory development in Europe during the first quarter was the onslaught of reporting that commenced under EMIR, however the lack of consensus on the definition of Foreign Exchange has caused a stir.
Saturday, 26/04/2014 | 08:00 GMT by
Steven Hatzakis
Witch-hunt Towards Non-US Brokers Continues - CFTC Obtains Injunction Against Halifax Investment Services
- Australia based Halifax Investment Services has been shown the red card by the financial regulator in the US. The CFTC has reported that it has obtained a permanent injunction against the FX brokerage firm for soliciting US residents.
Friday, 25/04/2014 | 17:16 GMT by
Adil Siddiqui
Russian Government: Forex Regulation Bill Needs More Work
- A vote on the second reading of the forex bill has not materialised as scheduled as the Economic Ministry views the bill to be lacking a clearly defined regulation subject, Finance Ministry says more work necessary.
Friday, 25/04/2014 | 12:13 GMT by
Victor Golovtchenko
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