regulation
Hong Kong Regulator Slaps HSBC Stock Brokerage Unit with $5 Million HKD Fine
- HSBC’s Asia stock brokerage division has been given a fine for providing inaccurate information to the financial watchdog. The Securities and Futures Commission has reprimanded the unit and handed out a fine for $5 million HKD.
Thursday, 19/12/2013 | 17:44 GMT by
Adil Siddiqui
CySEC Quick to Suspend TBSF CedarFinance.com After One Month of Registration
- The Binary Options Broker T.B.S.F BEST STRATEGY FINANCE LIMITED, the legal entity established in the Republic of Cyprus that owns Cedar Finance, has 30 days to comply with a suspension issued today by the Cyprus Regulator.
Thursday, 19/12/2013 | 12:26 GMT by
Steven Hatzakis
Florida-Based Fraudsters Get Stung with $8 Million Penalty and Sanctions
- A federal court in Florida has issued an Order against two fraudsters resulting in financial penalties and sanctions exceeding $8 million. The Order followed a regulator's complaint against the defendants.
Wednesday, 18/12/2013 | 20:43 GMT by
Adil Siddiqui
Indian Regulator Declares: Mr. Shah Not Quite Fit & Proper
- India's Forwards Markets Commission, a leading regulatory authority that supervises India’s commodity markets has deemed technology tycoon, Jignesh Shah and his compatriots as unfit to run the country’s largest derivatives exchange.
Wednesday, 18/12/2013 | 16:29 GMT by
Adil Siddiqui
France's AMF Adds Three Firms to its Forex Warning List, Now 23 Unauthorised In Total
- AMF and ACPR adds 3 firms to its forex warning list, bringing latest total to 23 by adding: itcfx.com Investment Formula Corporation, integralbroker.com IB International Ltd, and motionforex.com Motion Forex Ltd.
Tuesday, 17/12/2013 | 16:46 GMT by
Steven Hatzakis
FIX Trading Community's Organizational Restructure: Dedicated Committees Formed
- FIX Trading Community has today announced the completion of an organizational restructure, in which it has created a series of new committees focused on specific standards within the electronic trading & FX industry.
Tuesday, 17/12/2013 | 13:32 GMT by
Andrew Saks McLeod
Hattrick for ASIC: Three Large Firms Censured For Incorrect Handling Of Client Funds
- Australia's national regulatory authority ASIC has today announced that it has censured three large firms for failing to adhere to rulings with regard to segregation of client funds, resulting in a penalty and an EU.
Tuesday, 17/12/2013 | 07:43 GMT by
Andrew Saks McLeod
More restrictions from China. Payment service providers not allowed to deal with Bitcoin exchanges
Tuesday, 17/12/2013 | 00:00 GMT by
FMAdmin Someone
CFTC Issues Financial Penalty & Places A Permanent Ban Against Fraudulent FX Trader
- The US financial watchdog has issued a civil monetary penalty of $470,000 against Florida resident David Lynch. The accused falsely claimed profits in FX trading and now faces a permanent ban from trading in regulated markets .
Thursday, 12/12/2013 | 22:59 GMT by
Adil Siddiqui
Commodity Pool Operator Dips Into Customer's Funds Via Loan, CFTC Alleges in Filed Complaint
- CFTC Alleges Alexander Glytenko of Direct Investment Products (DIP) solicited 761 investors for $3.9M and then misappropriated customers funds via a $464,000 personal loan against the CPO pool that hasn't been repaid.
Thursday, 12/12/2013 | 20:56 GMT by
Steven Hatzakis
ESMA Announces Members Of Its Securities Markets Stakeholders Group as Terms To Expire
- Aiming towards the development of a single rule book in Europe, the European Securities Markets Authority appoints 30 new members to its SMSG group, as the term for current members is set to expire at the end of 2013.
Thursday, 12/12/2013 | 18:24 GMT by
Steven Hatzakis
Binary Option: The Isle of Man regulation alternative
Thursday, 12/12/2013 | 00:00 GMT by
FMAdmin Someone
RBS Fined $100M To Settle on Sanctions Related Compliance, Group Finance Director To Resign
- Royal Bank of Scotland today announced a settlement for $100 million which it will pay to three U.S. Regulators in connection with historical compliance with U.S. Sanctions. Nathan Bostock intends to resign from board.
Wednesday, 11/12/2013 | 23:33 GMT by
Steven Hatzakis
Volcker Rule Kicks Off Risky Bank Prop Trading
- The much awaited Volcker Rule was finally sanctioned by five US regulatory authorities. The move comes on the back of the 2008 credit crisis which saw some of the largest financial institutions file bankruptcy.
Tuesday, 10/12/2013 | 23:19 GMT by
Adil Siddiqui
RBI Likely to Tarnish Booming Bitcoin in India
- India’s banking watchdog, the Reserve Bank of India, is expected to call the shots on Bitcoin’s after neighbour China pulled the plug on the digital currency. Market analysts believe the RBI won’t hold back and issue a notice, sooner rather than later.
Tuesday, 10/12/2013 | 21:11 GMT by
Adil Siddiqui
eBay CEO to advise US President on international trade
Tuesday, 10/12/2013 | 00:00 GMT by
FMAdmin Someone
The Swiss Parliament to inspect Bitcoin as a legitimate currency
Tuesday, 10/12/2013 | 00:00 GMT by
FMAdmin Someone
CFTC Orders Australian Schemers to Pay $192 Million in Fines and Restitution
- US financial regulator slams unregulated money manager for dealing in Forex fund management. CFTC awaded civil monetary penalties of more than $192 million against Defendants Senen Pousa and Investment Intelligence Corporation.
Monday, 09/12/2013 | 18:50 GMT by
Adil Siddiqui
CySec Administers €15,000 Penalty To Zoompartners For Unlicensed Binary Options
- Cypriot regulatory authority CySec has today announced that it has issued a €15,000 administrative penalty to binary options brand Zoompartners for allegedly operating without a license.
Monday, 09/12/2013 | 16:01 GMT by
Andrew Saks McLeod
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