regulation
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
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
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