regulation
Off-Exchange Moving On-Exchange as Centralized Trading and Reporting Kick-In
- The off-exchange derivatives space transitions to an on-exchange model as centralized reporting in Europe started with EMIR, and the U.S. prepares for SEF trading to be mandated as of next week, for certain asset classes.
Friday, 14/02/2014 | 09:10 GMT by
Steven Hatzakis
NFA Announces Additional FOREX Reporting Requirements for FDMs
- In part of the NFA’s initiative to improve is monitoring of member risk, the regulatory body has announced additional reporting requirements for FDMs, which will include identifying new products and funding types.
Thursday, 13/02/2014 | 12:11 GMT by
Ron Finberg
Regulators, FX Firms Begin EMIR Reporting in Europe Today
- European Market Infrastructure Regulations (EMIR) reporting goes into effect, and Forex Magnates brings feedback from firms that are now obliged to submit trade data to an authorized Trade Repository (TR),
Wednesday, 12/02/2014 | 14:25 GMT by
Steven Hatzakis
AxiTrader Approves Access to Chinese Yuan, 15 Other Pairs
- AxiTrader now allows trading access to Chinese Yuan via USD/CNH, among 16 new currency pairs made available to traders. The Australian FX Broker hopes for the new offering to be highly popular among clients.
Wednesday, 12/02/2014 | 10:18 GMT by
Jeff Patterson
FIBO Group Announces License with British Virgin Islands' Financial Services Commission
- The latest entity added to the Moscow-headquartered FIBO Group, under the name FIBO Group Ltd, gets licensed with BVI's FSC, adding to the firms CySEC and ASIC regulated firms, totaling 3 regulated firms within the group.
Friday, 07/02/2014 | 14:50 GMT by
Steven Hatzakis
Quebec's AMF Warns of Bitcoin Risk, Bank Indonesia Follows Saying It's Not Legal Tender
- The Autorité des marchés financiers, warns Quebeckers of risks involved in cryptocurrency, and said it would take action against related violators of applicable Securities, Derivatives, and Money-Service Business Acts.
Friday, 07/02/2014 | 09:56 GMT by
Steven Hatzakis
CySEC Warns Investors about Bitcoins While Hello Binary Launches Them
- CySEC has become the latest financial regulator to issue a warning about virtual currencies. In a document published today, the regulator referenced a 2013 report from the European Banking Authority on the matter.
Thursday, 06/02/2014 | 10:39 GMT by
Ron Finberg
Apple removes Blockchain.info from AppStore, iOS's last remaining Bitcoin wallet
Thursday, 06/02/2014 | 10:22 GMT by
FMAdmin Someone
Cypriot CySEC is Latest Regulator to Warn about Virtual Currencies - But Still Legal
Thursday, 06/02/2014 | 09:19 GMT by
Ron Finberg
Bitcoin regulatory status around the world, February 5th 2014
Wednesday, 05/02/2014 | 16:56 GMT by
FMAdmin Someone
Alpari UK Exiting from Binary Options, Cites Regulations
- Alpari UK has notified clients that it will no longer be offering binary options trading starting next week. The news comes shortly after they launched the product in September of 2013 using technology from SpotOption.
Wednesday, 05/02/2014 | 10:32 GMT by
Ron Finberg
Financial Commission Appoints Anatoly Bulanov as Head of Dispute Resolution Committee
- The industry backed external dispute resolution organization, aimed to help provide traders with a means of disputing unresolved complaints with their brokers has just appointed a new head to oversee its DRC committee.
Wednesday, 05/02/2014 | 10:20 GMT by
Steven Hatzakis
EU Votes On Minimum 4-Year Prison Term for Market Manipulation and Insider Trading
- European Parliament voted to set a minimum 4 year prison term for Insider Trading and Market Manipulation, the proposal still requires approval from the Council of Ministers, with 24 months for members to implement it.
Tuesday, 04/02/2014 | 22:47 GMT by
Steven Hatzakis
FCA Heads Inform UK Lawmakers that 10 Banks are Involved in FX Investigation
- The Financial Conduct Authority's CEO and Chairman sat in front of members of UK's parliament to give evidence as witnesses surrounding the Foreign Exchange probe with as many as 10 banks said to have provided evidence.
Tuesday, 04/02/2014 | 20:12 GMT by
Steven Hatzakis
India's FDI discussion paper raises mixed feelings among consumers and traders
Tuesday, 04/02/2014 | 16:52 GMT by
FMAdmin Someone
Breaking: Russian Authorities File Criminal Case Against BTC-e and Metabank
Monday, 03/02/2014 | 19:29 GMT by
Ron Finberg
CySEC Warns Brokers: Clients' Tax Avoidance Is a Serious Criminal Offence
- The Cyprus Securities and Exchange Commission explained the legal reasoning behind the criminal definition and listed the steps all regulated companies have to take in order to comply with the law.
Monday, 03/02/2014 | 17:18 GMT by
Avi Mizrahi
ASIC Hands $15,000 Fine to Pershing Securities Australia Over Trade Confirmation Errors
- The Bank of New York Mellon Subsidiary operating the Pershing brand had one of its business lines handed a tiny fine by the Australian Securities and Investment Commission over errors related to ASX trade confirmations.
Monday, 03/02/2014 | 12:04 GMT by
Steven Hatzakis
Mind Your Tweets - SEC Slaps a $100K Penalty on Misleading Social Media Posts
- A New York based celebrity money manager was fined $100,000 by the Securities and Exchange Commission for promoting his fund on Twitter by selectively highlighting past performance of his investment advice.
Sunday, 02/02/2014 | 13:19 GMT by
Avi Mizrahi
FCA Fines State Street UK £22 Million On Hidden Markups and Overcharging Six Clients
- The Financial Conduct Authority's case shows that from June 2010 to September 2011, undisclosed fees and hidden mark-ups totaled $20,169,603, and associated misconduct from this merited a hefty fine to State Street UK.
Friday, 31/01/2014 | 21:36 GMT by
Steven Hatzakis
New Zealand Regulator Adds Extra Layer of Checks for Advisers Selling FX & Futures
- New Zealand's financial regulator has enhanced the licensing procedure for financial advisers promoting regulated financial instruments. Advisers will need to provide additional details to the regulators prior to gaining approval.
Friday, 31/01/2014 | 12:42 GMT by
Adil Siddiqui
ASIC Censures CFD Trader Via Magistrates Court for Market Manipulation
- ASIC has today announced that it intends to pursue criminal proceedings against a New South Wales-based CFD trader for market abuse, with a maximum penalty of $495,000 or 10 years imprisonment.
Thursday, 30/01/2014 | 14:34 GMT by
Andrew Saks McLeod
Alpari US Fined $50,000 by NFA for Insufficient Compliance with Fortress
- Failure to submit complete trade reports to the NFA's Forex Transaction Reporting Execution Surveillance System and failure to maintain required trade records, cost the former US retail broker $50,000.
Thursday, 30/01/2014 | 11:38 GMT by
Avi Mizrahi
Deutsche Bank Chief Questions Decision to Limit FX Fixings, Calls for Fundamental Change
- As the manipulation of benchmark rates causes widespread upheaval in the industry, some banks opted to limit daily forex fixings, prompting Deutsche Bank to label this as an unsustainable solution.
Thursday, 30/01/2014 | 01:20 GMT by
Jeff Patterson
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