regulation
Pay Up! CFTC Issues President Of Russian Bank With $250,000 Penalty For False Statement
- The US Commodity Futures Trading Commission brings the new year in by issuing the President of a Russian bank with a $250,000 monetary penalty for reporting irregularities regarding a JPY FX options trade.
Thursday, 02/01/2014 | 17:38 GMT by
Andrew Saks McLeod
Exclusive: Hong Kong-Based Fraudsters Clone Delta Financial Markets Website To Dupe Clients
- Fraudulent attempts to relieve clients of retail FX firms of their money appear to exist outside of the FX industry itself, as Delta Financial Markets discovers a false website imitating the firm to gain client deposits.
Thursday, 02/01/2014 | 16:19 GMT by
Andrew Saks McLeod
2014 Forex Industry Predictions: M&A, Regulation, and Digital Currencies
- Following last year’s popular 2013 predictions post, the team at Forex Magnates have come up with our newest forecasts for this year. See what we think about coming IPOs, M&A activity, regulation, and of course, bitcoins.
Thursday, 02/01/2014 | 10:58 GMT by
Ron Finberg
NFA Reporting After CFTC Ruling Aimed To Increase Investor Confidence With Registrants
- After the Commodity Futures Trading Commission ruled on final regulations pertaining to how customer's funds are treated, the NFA has informed its members on their respective reporting obligations set to go into effect.
Wednesday, 01/01/2014 | 21:55 GMT by
Steven Hatzakis
A Year In Retrospect: 2013 Heralded High Hopes, Technological Developments, M&A, & A Bank Run
- On the final day of 2013, reflection upon a year of record volumes, technological advancement, debate and M&A activity likely fills the boardrooms of FX firms. Forex Magnates reviews the highs, lows and points of interest.
Wednesday, 01/01/2014 | 10:13 GMT by
Andrew Saks McLeod
Reviewing Bitcoin Regulation in 2013 as it Leads to 2014
Wednesday, 01/01/2014 | 09:06 GMT by
Ron Finberg
A Gentle Reminder: CFTC Issues No-Action Relief Letters to FCM Compliance Departments
- The US Commodity Futures Trading Commission has issued two no-action relief letters to FCMs detailing that they are not required to register as swap dealers with the CFTC, and that the fiscal year ends today.
Tuesday, 31/12/2013 | 19:44 GMT by
Andrew Saks McLeod
Reserve Bank Of India Reinforces Commitment Towards Unregulated Bitcoin Trading
- The Reserve Bank of India has echoed its recent stance on digital currency trading, reiterating it has no plans for regulating Bitcoin, despite the recent exchange shutdowns by local enforcement agencies.
Tuesday, 31/12/2013 | 07:26 GMT by
Jeff Patterson
After Getting Blocked in Indonesia, FBS Joins Russian CRFIN
- Russian based forex broker, FBS, has announced that they have received membership into the country’s forex SRO, CRFIN. The news comes after the were recently included in a list of banned forex sites by Indonesia.
Monday, 30/12/2013 | 18:19 GMT by
Ron Finberg
Japan's Recent Growth A Tell-Tale Sign Of New Things To Come
- As Japan prepares to exit its deflationary spiral for the first time in years, effects of its QQE program and plans for fiscal year 2014 can pave the way for change as the JPY and local markets reach fresh multi-year highs.
Monday, 30/12/2013 | 15:35 GMT by
Steven Hatzakis
iForex Pays CySEC Tiny Fine Over Advertising Related Issues, as Its EU Business Grows
- The Cyprus Securities and Exchange Commission imposes a EUR 5,000 administrative fine given to one of its CIF member firms for compliance issues as the regulator gets more efficient in its surveillance of online content.
Monday, 30/12/2013 | 10:51 GMT by
Steven Hatzakis
Indian government to ease on FDI regulations in Ecommerce
Monday, 30/12/2013 | 00:00 GMT by
FMAdmin Someone
Bitcoin Trading Platform Coinsetter Files With SEC To Raise $1.5 Million
- Bitcoin trading platform Coinsetter Inc. a has filed with the SEC to raise $1.5 million from venture capitalists, despite recent announcements by regulators, warning of trading the digital currency.
Saturday, 28/12/2013 | 09:39 GMT by
Jeff Patterson
India’s Financial Watchdog Eases Account Opening Process for Investors
- India's main financial regulator for the equities industry has made amendments to the account opening procedure for investors. Under the new rulings investors will not have to fill out income and occupation data.
Friday, 27/12/2013 | 19:23 GMT by
Adil Siddiqui
Bitcoin Exchange In India Halts Trading, Following Advisory from Central Bank
- The largest Bitcoin trading exchange in India, BuySellBitCo.in, has just suspended its operations following a Reserve Bank of India’s (RBI) public advisory on the trading risks and potential misuse of digital currencies.
Friday, 27/12/2013 | 14:40 GMT by
Jeff Patterson
NFA Reminds Members of New Year's Day Holiday Related Reporting and 2014 Schedule
- The independent self-regulatory organization of the U.S. Futures, Commodities, Derivatives and Foreign Exchanges Markets, has issued its latest update to members regarding holiday reporting requirements.
Friday, 27/12/2013 | 12:58 GMT by
Steven Hatzakis
Taiwanese authorities in cooperation with China bust illegal online gambling operation
Thursday, 26/12/2013 | 00:00 GMT by
FMAdmin Someone
India's Central Bank Issues A Warning Against Digital Currencies
- The Reserve Bank of India cautions traders about the risks of decentralised digital currency, and targets not just Bitcoin but also Litecoin and even Dogecoin that started as an internet joke just this month.
Wednesday, 25/12/2013 | 11:52 GMT by
Avi Mizrahi
American Express fined $76 million due to deceptive marketing
Wednesday, 25/12/2013 | 00:00 GMT by
FMAdmin Someone
More Misappropriation Found by NFA as R2 Capital Gets Served MRA
- The NFA has announced that it is taking emergency action against R2 Capital Group LLC. A CPO, R2 Capital recently became an NFA Member in September and is accused of misappropriating $1.2 million.
Tuesday, 24/12/2013 | 11:29 GMT by
Ron Finberg
Bank of New York Mellon Settles Massachusetts FX Rigging Case with Fees Discount
- The Massachusetts securities regulator has announced that it is ending its case with Bank of New York Mellon which has come to a settlement. The bank will discount fees valued at $15.45 million over a 9 year period.
Monday, 23/12/2013 | 23:35 GMT by
Adil Siddiqui
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