regulation
Allegations Surrounding Eight Banks Draw FX Probe from Swiss Competition Commission
- Amidst mounting allegations of currency manipulation, the Swiss Competition Commission has initiated an investigation into UBS, Credit Suisse, and six other banks, following an earlier preliminary attempt.
Monday, 31/03/2014 | 11:18 GMT by
Jeff Patterson
FCA Releases Business Plan for New-Year, Outlining LIBOR Oversight and New Responsibilities
- The UK’s Financial Conduct Authority (FCA) has announced its new methodology for examining traders’ behaviors in an effort to curb the risk of benchmark manipulation, part of its overall Business Plan in 2014.
Monday, 31/03/2014 | 09:38 GMT by
Jeff Patterson
NZ Regulatory Body Launches Forex Probe as Scope of Allegations Widens
- The widening scope of a global forex investigation has now extended to New Zealand, as the country’s Commerce Commission has announced the launch of a probe into the manipulation of currency rates.
Monday, 31/03/2014 | 06:46 GMT by
Jeff Patterson
SFO Charges 3 Ex-ICAP Brokers over Japanese Yen LIBOR Case, as Investigation Unfolds
- The UK's Serious Fraud Office (SFO) has announced charges against three former ICAP employees including Danny Martin Wilkinson, Darrell Paul Read, and Colin John Goodman, over alleged JPY LIBOR rate manipulation.
Friday, 28/03/2014 | 19:00 GMT by
Steven Hatzakis
FCA Goes on Warning Spree: Clone Website, Unregulated Broker and Traders in Line of Fire
- The Financial Conduct Authority has just made several announcements, two including traders it warned surrounding benchmark rigging cases, and warned of a fake clone website, and a firm not regulated in the UK.
Thursday, 27/03/2014 | 15:44 GMT by
Steven Hatzakis
UBS Suspends More FX Traders Across Three Continents As Investigation Deepens
- Embattled Swiss banking giant UBS AG, has suspended at least four forex traders in the United States, Singapore, and Switzerland following an ongoing probe into the rigging of currency markets and rates.
Wednesday, 26/03/2014 | 21:15 GMT by
Jeff Patterson
Global Electronic FX Volume Rises to 74% in 2013 as Firms Seek More Transparent Means
- The string of fx probes launched over abuses into the manipulation of currency rates has gradually necessitated more transparent electronic trading means, which in 2013 rose to encompass 74% of fx transactions.
Wednesday, 26/03/2014 | 18:48 GMT by
Jeff Patterson
Exclusive: Dubai Financial Services Authority to Allow Retail FX, Forex Magnates Confirms
- The regulatory authority for the Dubai International Financial Center is set to allow retail brokers to acquire clients, with a leverage of 50 or 20 to 1 according to a correspondent seen by Forex Magnates.
Wednesday, 26/03/2014 | 14:23 GMT by
Avi Mizrahi
IRS Issues Edict: Bitcoin And Digital Currencies Are Capital Assets, Not Currencies
Wednesday, 26/03/2014 | 06:08 GMT by
Jeff Patterson
Tradency - The First Copy Trading Platform Provider Regulated by the JFSA
- The company was notified by the Japanese Financial Services Agency that its application for investment advisory business registration has been approved and it will be receiving its license shortly.
Tuesday, 25/03/2014 | 22:01 GMT by
Victor Golovtchenko
Australian Competition and Consumer Commission warns merchants to comply to regulations
Tuesday, 25/03/2014 | 14:09 GMT by
FMAdmin Someone
MFSA Aims For More Credibility To Its Markets With Latest Rule Changes
- The Malta Financial Services Authority has released a circular with revised rules for its members, following a draft from January and feedback that had since been provided in response to the proposed revisions.
Tuesday, 25/03/2014 | 10:55 GMT by
Steven Hatzakis
Regulatory Changes Coming Amid Vulnerabilities in FX, Swaps Compliance
- Lingering questions into the regulation of swaps and fx transactions have revealed vulnerabilities in oversight, leading to speculation that a series of changes may be on the horizon from the CFTC.
Monday, 24/03/2014 | 08:34 GMT by
Jeff Patterson
FX Ponzi Scheme Gets Hammered with $2.2 million Penalty
- Canadian fraudster to pay heavy monetary fine for FX related ponzi scheme. US financial watchdog, the CFTC, issues a number of judgements against Patrick Cole for breaching the Commodity Exchange Act.
Friday, 21/03/2014 | 23:12 GMT by
Adil Siddiqui
CFTC Launches Charges against Steven Lyn Scott for FX Commodity Pool Scheme
- The CFTC has filed formal charges against Steven Lyn Scott for solicitation fraud, the misappropriation of client funds, and other violations in connection with a fraudulent forex commodity pool.
Thursday, 20/03/2014 | 15:37 GMT by
Jeff Patterson
CySec Issues Its Own Warning About Bitcoins After Parliament Discussion
Thursday, 20/03/2014 | 15:27 GMT by
Ron Finberg
Ontario’s Securities Commission Warns against RBOptions
- Ontario’s regulator taking cue from British Colombia warning investors about allegedly Toronto based binary options brokerage, which has not been permitted to provide financial services under Ontario Law.
Thursday, 20/03/2014 | 09:21 GMT by
Victor Golovtchenko
FX Fixing: FCA Might Have Uncovered Evidence against the BoE
- Investigators representing UK’s Financial Conduct Authority (FCA) might have gotten their hands onto crucial evidence that exposes Bank of England’s role in the imploding FX fix manipulation scandal.
Wednesday, 19/03/2014 | 22:55 GMT by
Victor Golovtchenko
Analysis: Russian FX Regulation Postponed (Again) as Ruble Volatility Unabating
- The Russian Parliament postpones vote on the second reading of their forex regulation bill, as geopolitics are putting a substantial pressure on the Ruble and bring additional business to local FX dealers.
Wednesday, 19/03/2014 | 14:55 GMT by
Victor Golovtchenko
ASIC Launches Investigation into Aussie Markets over Forex Manipulation
- The list of global regulators investigating the manipulation of fx rates in a $5.3 trillion-dollar-a-day industry has continued, with recent news of ASIC joining the probe in examining Australian markets.
Wednesday, 19/03/2014 | 11:09 GMT by
Jeff Patterson
FSMA Issues Statement Warning Public Against Unauthorized Activities of EZ Trader
- Belgium’s Financial Services and Markets Authority (FSMA) has issued a warning to the public against the activities of binary trader EZ Trader, whose firm offers a variety of risky and unauthorized services.
Tuesday, 18/03/2014 | 09:32 GMT by
Jeff Patterson
Maltese Regulator MFSA Warns Against FrontierForex
- An unknown entity has been operating the website since the start of 2013, claiming to be regulated under virtually all EU financial regulators. Consultation with EU registers reveals the entity is a scam.
Tuesday, 18/03/2014 | 08:51 GMT by
Victor Golovtchenko
CySEC Warns Against Imposter Websites Silicon Valley Markets and FXTTCM
- CySEC has issued a press release warning against two imposter websites, one of which has copied regulated Liquid Markets’ design, replacing the logo with its own branding, the other one in Chinese.
Friday, 14/03/2014 | 15:50 GMT by
Victor Golovtchenko
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