regulation
FCA Issues First Opinion on Copy Trading, Questions Still Remain (Part 1)
- Following an opinion on the matter from ESMA in 2012, the UK’s Financial Conduct Authority (FCA) has issued a letter to brokers providing their opinion on copy trading. Part one look of what is coming.
Friday, 14/03/2014 | 13:29 GMT by
Ron Finberg
New Zealand Slated to Unveil Landmark Financial Reporting Act on April 1st
- New Zealand’s Financial Markets Authority has announced that the Financial Reporting Act, which will implement market-wide parity for financial reporting obligations in NZ, is poised take effect on April 1.
Friday, 14/03/2014 | 12:42 GMT by
Jeff Patterson
French Regulators Give Forex Trading a Double Dip Warning
- France's regulatory bodies supervising financial markets and advertising issued warnings notices to investors and service providers in a reinforcement of the country's stance on high risk investment products.
Friday, 14/03/2014 | 00:35 GMT by
Adil Siddiqui
"In the Matter of Virtual Currency Exchanges"....Lawsky Moves Forward
Wednesday, 12/03/2014 | 12:33 GMT by
Leon Pick
FINRA Alerts Investors, "Bitcoin: More Than a Bit Risky"
- The Financial Industry Regulatory Authority alerts investors concerning the risks of bitcoin trading including recent volatility as well as the advent of fraudsters trying to use bitcoin-related scams to dupe investors.
Wednesday, 12/03/2014 | 03:40 GMT by
Steven Hatzakis
PR: DataCash to showcase new era of payments at RBTE 2014
Tuesday, 11/03/2014 | 10:18 GMT by
FMAdmin Someone
FCA Reviewing 40 Firms for Best Execution Compliance, in Wake of Asymmetrical Slippage
- The Financial Conduct Authority is analyzing practices around best-execution and the affects of introducer- fees from sample of firms, in wake of asymmetrical slippage that has come to light in foreign exchange markets.
Monday, 10/03/2014 | 22:09 GMT by
Steven Hatzakis
Governor of Bank of Cyprus to Step Down, as Resignation Letter Confirmed
- One month shy of his two year anniversary, in April 2014, Panicos Demetriades the Governor of the Central Bank of Cyprus will resign his post amid challenges that had been previously voiced against the government.
Monday, 10/03/2014 | 16:27 GMT by
Steven Hatzakis
Thomson Reuters Creates Subsidiary to Govern Benchmarks Ahead of Regulatory Deadline
- Thomson Reuters has unveiled the Thomson Reuters Benchmark Services Limited (TRBSL), a subsidiary aimed at managing and overseeing financial benchmarks that were previously the target of LIBOR manipulation.
Monday, 10/03/2014 | 10:44 GMT by
Jeff Patterson
CySEC Fines DC Digital Processing 2 Ltd €5,000 for Its Optionbit.com Website
- The petty administrative fine was delved out by the Cyprus Securities and Exchange Commission (CySEC) after it determined the company had offered its services online before being officially CySEC-regulated.
Friday, 07/03/2014 | 18:46 GMT by
Steven Hatzakis
Maltese Financial Markets Regulator Warns Global Capital Markets FX Ltd Not Licensed
- The latest warning of an unregulated broker falsely claiming to be regulated comes from the Malta Financial Services Authority who advised today of the company FxGcmi and its related corporate names not licensed in Malta.
Friday, 07/03/2014 | 14:53 GMT by
Steven Hatzakis
Exclusive: Colombian Regulator Temporarily Suspends IronFX Operations in the Country
- IronFX, a provider of fx services, has been accused of operating and promoting its products without proper authorization in Columbia, raising allegations from the Financial Supervisory Authority of Columbia.
Friday, 07/03/2014 | 09:27 GMT by
Jeff Patterson
CySEC Issues Warning about the Risks of CFD Trading
- CFDs are considered by the financial supervisory authority as being suitable only for professional clients or highly experienced retail investors who can understand how they work and the risks they entail.
Thursday, 06/03/2014 | 15:02 GMT by
Avi Mizrahi
Japan to possibly regulate and tax Bitcoin because of MtGox
Thursday, 06/03/2014 | 11:04 GMT by
FMAdmin Someone
Italian Regulator Explains Issuing Warning Against Binary Options Brokers
- The Commissione Nazionale per le Società e la Borsa views Binary Options trading as "bets" and therefore warned the Italian public against a number of brokers that operated Italian support websites.
Wednesday, 05/03/2014 | 17:40 GMT by
Avi Mizrahi
Russian telecom operator to enter crowded local payment arena
Wednesday, 05/03/2014 | 15:34 GMT by
FMAdmin Someone
A New UK Body to Regulate Payment Services? FCA Hopes to Improve Industry Competition
- UK's Financial Conduct Authority (FCA) plans to form a new regulatory body to oversee payment services companies in a bid to increase competition and ease entry for smaller companies.
Wednesday, 05/03/2014 | 12:26 GMT by
Payment Magnates
Russian Central Bank Eyes FX Regulations Highlights Leverage & Advertising
- Russia’s central bank looks to regulate Forex trading, Russian media reports. The regulator is proposing new measures that sanction the way brokers advertise their products and the level of margin on open positions.
Tuesday, 04/03/2014 | 17:37 GMT by
Adil Siddiqui
Who is Watching the Watchmen? Bitcoin Regulation Continues to be a Waiting Game
Sunday, 02/03/2014 | 15:17 GMT by
Ron Finberg
CFTC Lobbies Orders for Trading Bans, Sanctions Via Forex Fraud Worth $2.9M
- The CFTC has obtained a series of orders effectively sanctioning the trifecta of Susan G. Davis, David E. Howard II, and Joseph Burgos for their role in the illegal solicitation of forex trading accounts.
Friday, 28/02/2014 | 18:58 GMT by
Jeff Patterson
CFTC Charges Melody Nganthuy Phan with Elaborate Forex Scheme Valued at $3.7 Million
- The CFTC has filed civil enforcement charges, among others, against Melody Nganthuy Phan and her congregation of three companies for a fraudulent foreign exchange scheme valued at over $3.7 million.
Thursday, 27/02/2014 | 23:00 GMT by
Jeff Patterson
Lloyds Bank Suspends Trader Amidst Libor Manipulation, Others Return to Work
- The fx and benchmark fixing scandal has taken another turn as of late, this time via an announcement out of Lloyds Banking Group that a trader has been suspended following allegations of Libor manipulation.
Thursday, 27/02/2014 | 00:20 GMT by
Jeff Patterson
Ben Lawsky Speaks with CNBC on Bitcoin Outlook Following MtGox Collapse
Wednesday, 26/02/2014 | 12:40 GMT by
Leon Pick
FXCM UK Announces $16.9 Million Settlement with FCA for Asymmetric Slippage
- Following the reporting of a loss reserve of $15 million in relation to FCA investigation during its Q3 2013 financials report, FXCM has announced that they have reached a $16.9 million settlement with the regulator.
Wednesday, 26/02/2014 | 11:09 GMT by
Ron Finberg
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