regulation
Exclusive: FX Firms Experiencing Arbitrage In Far Eastern Markets Due To Abuse Of Bonus Credits By Traders
- According to Forex Magnates research, a recent trend has developed in which FX brokers wishing to attract Far Eastern clients are offering large credits, and in doing so, exposing themselves to potentially catastrophic arbitrage.
Thursday, 25/07/2013 | 09:02 GMT by
Andrew Saks McLeod
FCA Fines Royal Bank Of Scotland £5.6 Million For Failing To Report Transactions
- Whilst regulatory authorities are busily engaged in defining the methods by which they intend to reform financial markets, one such aspect is trade and transaction reporting. The FCA demonstrates that this is also part of its remit by issuing RBS with a penalty.
Thursday, 25/07/2013 | 08:01 GMT by
Andrew Saks McLeod
Largest Bitcoin Ponzi Scheme Uncovered – SEC Charges Pirateat40 For Fraud
- Ponzi schems remain a big business and the rise of alternative currencies only make them easier to operate. Due to its anonymity, bitcoins have attracted fraudsters, with Pirateat40 being the biggest scamster of all time.
Wednesday, 24/07/2013 | 08:04 GMT by
Ron Finberg
ASIC Releases Half Yearly Regulatory Enforcement Outcomes For January To June 2013
- Australia's financial markets regulator ASIC has demonstrated recently that it is strengthening its regulatory scope, and has today released full details of enforcements which have taken place between January and June this year.
Wednesday, 24/07/2013 | 07:20 GMT by
Andrew Saks McLeod
Further US Regulators Delve Deep Into Activities Of Algorithmic Traders: FINRA Questions 10 HFT Firms
- As the first prosecution of an algorithmic trader for market abuse under the Dodd-Frank comes into being, FINRA demonstrates its will to investigate the world of algorithmic trading by issuing detailed questionnaires to HFT firms.
Tuesday, 23/07/2013 | 08:40 GMT by
Andrew Saks McLeod
CFTC Fines Algorithmic Trader $2.8 Million For Spoofing In The First Market Abuse Case Brought By Dodd-Frank Act, And Imposes Ban
- Today, the US Commodity Futures Trading Commission and Britain's FCA announced that they have brought a milestone case against an algorithmic trading entity for market abuse, representing the first Dodd-Frank Act application.
Monday, 22/07/2013 | 13:09 GMT by
Andrew Saks McLeod
A Detailed Look North Of The Border: Canada's FX Industry Explained
- Preview to the recently released Forex Magnates Industry Report for Q2 2013: Canada is one clear example of a country full of potential and issues that require a researcher's treatment to shed light on.
Saturday, 20/07/2013 | 12:30 GMT by
Andrew Saks McLeod
Breaking: Japanese Expansion Continues, DMM Securities Launching Australian Division DMM FX
- MM Securities, the world’s second largest retail broker by volume has secured an ASIC license and will soon be launching DMMFX.COM.AU. DMM FX will feature FX and CFDs as well as binary options trading within its brand.
Thursday, 18/07/2013 | 19:38 GMT by
Ron Finberg
Malta The Next Cyprus? MFSA Announces Regulatory Framework For Binary Options
- Malta's financial regulator has today set in place its structure for regulating binary options, classifying them as financial products and replacing the auspices of the Lotteries and Gaming Authority.
Thursday, 18/07/2013 | 11:09 GMT by
Andrew Saks McLeod
CFTC Welcomes Christopher Ehrman As Director of Whistleblower Office
- Subsequent to the formation of the Whistleblower Office, a department allowing the CFTC to offer a reward for reporting transgressions, the CFTC appoints Christopher Ehrman as Director of the division.
Wednesday, 17/07/2013 | 11:51 GMT by
Andrew Saks McLeod
Forex Magnates Tokyo Summit In Full Swing During Afternoon of Discussions and Product Launches
- Leaders and influential executives of Japan's vast and established FX industry meet with international CEOs today as 700 attendees engage in discussion, networking and the launching of new products at the 2013 Tokyo Summit.
Wednesday, 17/07/2013 | 11:00 GMT by
Andrew Saks McLeod
SEC Chief Of Enforcement Announces Plans To Leave His Position For Private Sector
- Kenneth Lench, the SEC's Chief of Enforcement has announced that after a 23 year career with the US regulator, he will leave at the end of the month to rejoin the private sector.
Wednesday, 17/07/2013 | 06:47 GMT by
Andrew Saks McLeod
Open-Source Risk Management Platform Provider OpenGamma Releases Upgrade In Light of Dodd-Frank Regulations
- In keeping with the current upgrades of risk management solutions to meet the ever-evolving regulatory structures around the world, and in particular the Dodd-Frank Act, OpenGamma today releases v2.0.
Tuesday, 16/07/2013 | 15:16 GMT by
Andrew Saks McLeod
Keep Calm And Carry On Looking After Client Funds: Britain's FCA Draws Up Consultation Paper To Further Refine CASS Rulings
- As the regulatory environment tightens up and continually works toward protection of client funds whilst in the hands of OTC derivatives firms, Britain's Financial Conduct Authority issues proposed refinements.
Tuesday, 16/07/2013 | 10:05 GMT by
Andrew Saks McLeod
SEC Gets Its Act Together - Publishes Final Ruling On Retail FX
- Just one day after SEC Commissioner Luis Aguilar expressed his dismay at the length of time taken to produce final rulings on retail FX, the regulator today produced its full and concise ruling in final form.
Friday, 12/07/2013 | 16:51 GMT by
Andrew Saks McLeod
Get A Move On! Senior SEC Official Expresses Frustration At Dodd-Frank Delays In Retail Sector
- Whilst the CFTC has spent the first half of this year reasonably satisfied with its progress on working toward completion of rulings on the Dodd-Frank Act, one senior SEC official expresses dismay at what he sees as unnecessary delays.
Friday, 12/07/2013 | 08:19 GMT by
Andrew Saks McLeod
Signed And Sealed! Cross-Border Derivatives Methodology Agreed On Both Sides Of The Atlantic
- The Commodity Futures Trading Commission today announced that it has reached a common path forward with European Union officials on how to approach cross-border derivatives.
Thursday, 11/07/2013 | 13:08 GMT by
Andrew Saks McLeod
CFTC Posts May FCM Financials – Advanced Markets Out, Whotrades FX is In
- The CFTC has posted financials for FCMs as of the end of May. Total Retail Forex Funds were $644,593,164, a drop of $3,166,759 (-0.49%) from the end of April. The decline was mainly the result of a near $9 million drop at Oanda,
Thursday, 11/07/2013 | 10:00 GMT by
Ron Finberg
As New Rules Go Into Effect, Advanced Markets Swaps NFA For ASIC Regulation
- Deciding it’s not worth the $20,000,000 minimums; Advanced Markets has also officially withdrawn all of its licenses with the NFA. As of June 28th, the broker withdrew both its FCM license and NFA membership.
Thursday, 11/07/2013 | 09:16 GMT by
Ron Finberg
New Zealand FMA CEO Sean Hughes Announces Resignation, Will Clear His Desk At End Of 2013
- The New Zealand Financial Markets Authority today announced the intention of its CEO to stand down at the end of this year, after a three year tenure during the inaugural stages of the national regulator.
Thursday, 11/07/2013 | 09:13 GMT by
Andrew Saks McLeod
If You Build it they Will Come – CySec Releases H1 2013 License List
- Cypriot financial regulator, CySec, has released its list of firms that were granted licenses during the first half of 2013. Bucking worries of the country’s financial difficulties, Cyprus continues to see strong demand for licenses.
Wednesday, 10/07/2013 | 16:03 GMT by
Ron Finberg
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