regulation
Fraudster Who Led MMA Forex In Dubai Sentenced To Two Years In Jail
- Malik Noureed Awan has been sentenced to two years in jail following a guilty verdict at a court in Dubai on allegations of fraud. Mr Awan's company, MMA Forex had taken deposits from customers that it could not return.
Thursday, 07/11/2013 | 08:40 GMT by
Andrew Saks McLeod
FINRA Hands out $1.8 Million Fine to TD Ameritrade Clearing and SG Americas
- US regulator, FINRA, fines two brokers a total of $1.8 million for breaking rules relating to reporting of options trades. The securities regulator found the two firms guilty of breaches and supervisory failings.
Thursday, 07/11/2013 | 03:04 GMT by
Adil Siddiqui
Commodity Futures Trading Commission Waves Goodbye To Commissioner Bart Chilton
- Outspoken critic of the commodities and futures trading industry over which he presides, Bart Chilton announced surprisingly that he has submitted his resignation as CFTC Commissioner to the White House.
Wednesday, 06/11/2013 | 16:09 GMT by
Avi Mizrahi
More Scrutiny for US FX and Futures Industry - CFTC to Force IBs, CPOs and CTAs to Register with NFA
- US federal agency that governs financial derivatives, the CFTC, has put forward new proposals for regulated financial services firms. Under new proposed rules, IBs, CPOs and CTAs will be required to become and maintain membership with the NFA.
Wednesday, 06/11/2013 | 00:24 GMT by
Adil Siddiqui
Volante Technologies devises tool to assist with SEPA card regulations
Wednesday, 06/11/2013 | 00:00 GMT by
FMAdmin Someone
7 Banks Sued Over FX Rates Manipulation; HSBC Latest to Announce Cooperation with Authorities
- A retirement fund from Massachusetts alleges that the international FX manipulation investigation exposes a conspiracy that violates US antitrust laws, hurting the returns on trades and pension plans.
Tuesday, 05/11/2013 | 11:48 GMT by
Avi Mizrahi
CySEC Announces 12 New Licensees – All About Binary Options Brokers
- Cypriot regulator, CySec, has released the list of firms that have been granted licenses between the period of June and September. During the period, twelve new firms have been added to the list of approved CIFs.
Monday, 04/11/2013 | 13:41 GMT by
Ron Finberg
PR: Heidelpay, First Internet Payment Provider certified as a payment institution by BaFin
Monday, 04/11/2013 | 00:00 GMT by
FMAdmin Someone
Bulgaria Is Not Easing Up on Gaming Companies: Adds More to Blacklist
Sunday, 03/11/2013 | 00:00 GMT by
FMAdmin Someone
US Virgin Islands has declared legality for online gaming, in favor of Interstate gaming
Sunday, 03/11/2013 | 00:00 GMT by
FMAdmin Someone
FX Traders Shunned as Banks Respond to FX Rates Investigation
- Banks have reacted to the FX rates investigation by placing traders on suspension and asking some to take leave a report states. The move comes on the back of further investigations by major regulators.
Friday, 01/11/2013 | 18:25 GMT by
Adil Siddiqui
After the Demise of Liberty Reserve, Co-Founder Vladimir Kats Pleads Guilty to Multiple Related Charges
- The payment provider whose collapse shocked Forex brokers and traders, gets some justice for its victims as co-founder Vladimir Kats of Brooklyn pleads guilty to multiple counts conspiring in the fraud.
Friday, 01/11/2013 | 15:20 GMT by
Steven Hatzakis
South African FSB Reinstates ACM Gold's License After Questionable Suspension
- Regulators around the world have made significant changes to their procedures surrounding FX over recent times, however in the case of South Africa's FSB, possible omission of procedures can still occur.
Thursday, 31/10/2013 | 08:55 GMT by
Andrew Saks McLeod
Quebec Financial Regulator Issues Forex Warning
- Quebec’s regulator, Autorité des marchés financiers (AMF), has become the latest financial supervisory group to issue a warning about forex trading following revelations of citizens being the victims of fraud.
Wednesday, 30/10/2013 | 12:01 GMT by
Ron Finberg
Nexusguard enters the PCI Security Standards Council
Wednesday, 30/10/2013 | 00:00 GMT by
FMAdmin Someone
Futures Broker Jeffrey Gustaveson To Pay $1.2M Penalty for CPO Fraud Uncovered by CFTC
- Federal Court orders California man permanent ban from CFTC/NFA, and to provide $410K in restitution and $1.2M penalty in connection with fraud, misappropriation and issuing false statements in a $2.5M commodity pool.
Tuesday, 29/10/2013 | 22:50 GMT by
Steven Hatzakis
CFTC Issues $400,000 Penalty For FX Fraud and Misappropriation of Funds
- The US Commodity Futures Trading Commission has today announced the citation of three individuals and their associated firms for committing FX fraud and misappropriating customer funds.
Tuesday, 29/10/2013 | 17:53 GMT by
Andrew Saks McLeod
Twin Fines From CFTC and FCA Hit Rabobank, Ordered To Pay $643 Million, CEO to Resign
- Part of an ongoing investigation into LIBOR price manipulations among major global broker’s and banks; the CFTC and FCA have announced the issuing of an Order against Rabobank, requiring them to pay $643 million.
Tuesday, 29/10/2013 | 13:52 GMT by
Ron Finberg
The Financial Commission Announces Its Newest Member: MFX Broker
- MFX Broker Joins the Financial Commission, which operates a dedicated forex Dispute Resolution Committee (DRC) to provide industry professionals with an alternative to legal or regulatory proceedings.
Tuesday, 29/10/2013 | 12:54 GMT by
FMAdmin Someone
FINMA FX Probe Taking a Bite Out of UBS, Shares Down 6%
- Shares of UBS are down 6% today after they announced its third quarter earnings results. Despite profit gains, trader reacted to UBS announcing that investigations by FINMA will effect their upcoming earnings.
Tuesday, 29/10/2013 | 12:40 GMT by
Ron Finberg
US Seizes $28 Million From Alleged Silk Road Owner, Whilst Legitimacy Continues With ATM Launch
- The US government has shown clear intention to put an end to all anonymous online marketplaces which use virtual currency to market illicit goods and services. Whilst Ross Ulbricht pays the price, lawful Bitcoiners benefit.
Monday, 28/10/2013 | 10:02 GMT by
Andrew Saks McLeod
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