regulation
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
The Swiss Parliament to inspect Bitcoin as a legitimate currency
Tuesday, 10/12/2013 | 00:00 GMT by
FMAdmin Someone
eBay CEO to advise US President on international trade
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
NFA Issues Proposal On Further Account & Client Information To Be Submitted By FX Firms
- The NFA has released a proposal aimed at stepping up the amount of reporting that FCMs, FX companies and IBs must submit as part of the mandatory reports, including customer account data and risk management procedure.
Sunday, 08/12/2013 | 11:51 GMT by
Andrew Saks McLeod
The Rise of the Renminbi. Hong Kong & Malaysia Court Banks For Global RMB Business
- The Hong Kong Monetary Authority has announced the initiation of a dialog between itself and Malaysia's private sector in order to discuss methods of settling trades in RMB and involving overseas banks.
Sunday, 08/12/2013 | 09:57 GMT by
Andrew Saks McLeod
Understanding the Marketplace Fairness Act on US taxation
Sunday, 08/12/2013 | 00:00 GMT by
FMAdmin Someone
Industry Associations File Lawsuit Against the CFTC Challenging the Agency on Multiple Fronts
- The Commodity Futures Trading Commission has been challenged in a Washington D.C Court by a lawsuit filed by SIFMA, ISDA and IIB, as derivatives regulations come under question by industry.
Thursday, 05/12/2013 | 17:28 GMT by
Steven Hatzakis
Bona Fide or Bogus? New Zealand FX Broker Registration Minefield Explained
- New Zealand has become a very popular destination for FX brokers to establish operations with close proximity to important markets. Care is required, however, when selecting a consultancy to assist with establishment.
Thursday, 05/12/2013 | 15:31 GMT by
Andrew Saks McLeod
China’s Central Bank Bans Bitcoin For Financial Transactions, Price Drops
- The People’s Bank of China barred financial institutions in the country from taking any part in Bitcoin transactions, causing the BTC exchange rate to immediately plunge against the RMB Yuan and USD.
Thursday, 05/12/2013 | 10:29 GMT by
Avi Mizrahi
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