regulation
8 Dealers in Derivatives Rigging Scandal Fined a Total of €1.71 Billion by European Commission
- UBS, Citigroup, Barclays, Deutsche Bank, RBS, Société Générale, JPMorgan and RP Martin named in settlement with European Commission in rigging case about Yen and Euro Interest Rate Derivatives, enforced under anti-cartel rules.
Wednesday, 04/12/2013 | 13:56 GMT by
Steven Hatzakis
InvestTech FX Senior Executives Charged By Canadian Police Over Alleged Fraud
- The Toronto division of the Royal Canadian Mounted Police has today charged two directors of InvestTech FX Technology with fraud, as a result of a high value scheme which misappropriated client funds.
Wednesday, 04/12/2013 | 13:17 GMT by
Andrew Saks McLeod
Amazon.in partners with the Indian Postal Service for new shipping and payment options
Wednesday, 04/12/2013 | 00:00 GMT by
FMAdmin Someone
FCA Pressed to Disclose More about FX Rate Manipulation Investigation
- The association for the Investment Management industry in the U.K. is petitioning the regulator to release additional information on its investigation into major banks allegedly rigging FX benchmark rates.
Tuesday, 03/12/2013 | 16:18 GMT by
Avi Mizrahi
November Forex Industry Review: New Products Galore
- It was an active month for the forex industry during November. Led by many new product launches, financial releases, the Forex Magnates London Summit, diverse volumes, and bitcoin trading, the month had a bit of everything.
Monday, 02/12/2013 | 10:57 GMT by
Ron Finberg
New Zealand's Financial Markets Authority Appoints New CEO, to Assume Role in February
- The crown entity under the two peak regulatory structure alongside the Reserve Bank of New Zealand, has announced that Rob Everett will assume the role of CEO in February as the FMA prepares for upcoming changes.
Friday, 29/11/2013 | 11:56 GMT by
Steven Hatzakis
Sucden Financial Looks To The East: Gains Hong Kong SFC License
- Institutional FX company Sucden Financial's Hong Kong subsidiary has today been granted an FX license by the Hong Kong SFC, enabling it to trade directly with its brokerage desk or via electronic systems.
Friday, 29/11/2013 | 09:45 GMT by
Andrew Saks McLeod
Changes on the Horizon at Safecap (Markets.com)
- Earlier in the month, it was revealed that Safecap appointed a new CEO for its Cypriot operations. But that may not be the only change as the firm will be reportedly launching two new regulatory divisions.
Thursday, 28/11/2013 | 11:54 GMT by
Ron Finberg
Eye For Detail Required: HKMA Issues Warning Over RBS Imposter's Website
- The Hong Kong Monetary Authority has yesterday issued a warning to potential FX traders regarding its discovery of a fraudulent website whose domain name appears similar to RBS, yet has absolutely no connection whatsoever.
Thursday, 28/11/2013 | 08:00 GMT by
Andrew Saks McLeod
Indonesia Deals Tough Blow To Established FX Firms - Blocks Broker & Information Sites
- Indonesia has long been a favorable market with low entry barriers and rudimentary regulation - until now. The nation's regulatory authority has issued warnings against a plethora of FX brokers & signal providers.
Wednesday, 27/11/2013 | 09:52 GMT by
Andrew Saks McLeod
Oil Trader Gets Pumped Out of Trading by CFTC for Attempted Manipulation
- The US financial watchdog, the CFTC, has issued a $400,000 fine to Daniel Shak and SHK Management for attempted manipulation in trading energy futures, the accused was banned from trading in the oil markets.
Tuesday, 26/11/2013 | 11:04 GMT by
Adil Siddiqui
Amazon talks with Indian government on FDI restrictions
Sunday, 24/11/2013 | 00:00 GMT by
FMAdmin Someone
NFA Arbitrators Side with FXCM in Twin Cases, Award them $100
- FXCM comes out on top yesterday after the NFA ruled in two arbitration claims against the broker. Allegations by claimants of fraud and breach of contract were dismissed, while FXCM was compensated on its counterclaim.
Thursday, 21/11/2013 | 13:51 GMT by
Ron Finberg
Regulator vs Machine! MAS Issues Penalty Against Trader For Improper Use Of Devices
- The Monetary Authority of Singapore issues a $50,000 civil enforcement penalty against forex trader for contravening the Securities and Futures Act with relation to using deceptive and manipulative devices.
Wednesday, 20/11/2013 | 07:06 GMT by
Andrew Saks McLeod
FCA Halts Boiler Room 'First Capital Wealth' From Duping Investors
- The UK's financial watchdog, the Financial Conduct Authority has intervened to prevent a suspected boiler room from operating. The regulator enforced a worldwide freeze of assets for First Capital Wealth.
Tuesday, 19/11/2013 | 22:14 GMT by
Adil Siddiqui
NADEX Undergoes Rule Enforcement Review By CFTC - Clean Bill Of Health Confirmed
- The US Commodity Futures Trading Commission has today released the results of an enforcement review which it conducted within binary options exchange NADEX, concluding that the company maintains adequate practices.
Tuesday, 19/11/2013 | 18:40 GMT by
Andrew Saks McLeod
The Chinese Central Bank Commits to Yuan Convertibility, Hastening FX Reforms
- The Central Bank of China's Governor also vowed to "pull out all stops to deepen financial sector reforms" in a new 300 words guidebook to the financial reforms released publicly in China this Saturday.
Tuesday, 19/11/2013 | 15:18 GMT by
Avi Mizrahi
CFTC Orders MF Global to Pay $1 Billion in Restitution in Connection with Customer Losses
- In one of the largest recent failures of a Futures Commission Merchant that has been the subject of controversy following its demise, victims have been awarded a degree of justice as the defendant is forced by law to make good.
Monday, 18/11/2013 | 17:22 GMT by
Steven Hatzakis
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