regulation
Binary Options Broker TDOptions Gets Fined €50,000 By CySec
- Cyprus Securities and Exchange Commission issues €50,000 fine against binary options broker TDOptions for violating rules relating to firms offering financial services in the country without necessary authorisation.
Friday, 14/06/2013 | 10:56 GMT by
Adil Siddiqui
Technocash Closing Under Liberty Reserve Damage
- Falling under pressure from investigations related to Liberty Reserve, payment provider Technocash is shutting down. They stated local banks placing restrictions on the company as leading to the decision.
Thursday, 13/06/2013 | 10:50 GMT by
Ron Finberg
CFTC Reports April FCM Data – FXCM Rises and OANDA Declines
- The CFTC reported April financial data for reporting FCMs. For forex firms, there was very little change, as total Retail Forex Funds dropped $177,260 to $647,759,923. Among gainers, FXCM saw account growth of $4.9 million
Thursday, 13/06/2013 | 08:00 GMT by
Ron Finberg
Regulation, Eh? - Ontario Regulator Seeks Comment On Procedure For Derivatives Reporting and Definition
- Canada's Province of Ontario has published a set of proposed rulings on definition of derivatives and the methods by which they should be reported. The OSC invites comment on its proposals pre-implementation.
Thursday, 13/06/2013 | 07:57 GMT by
Andrew Saks McLeod
3 Indian Banks Fined for KYC and AML Breaches
- India’s top three private banks, HDFC, Axis bank and ICICI have been charged by the country’s central bank for breaches in relation to Know Your Customer (KYC) and Anti Money Laundering (AML) procedures.
Wednesday, 12/06/2013 | 16:19 GMT by
Adil Siddiqui
Russia’s State Duma Approves Forex Legislature in First Reading
- Leading Russian Forex SRO CRFIN announced that forex regulation legislation has passed a first reading at the State Duma. According to CRFIN, the draft is based on guidelines and support from the SRO.
Wednesday, 12/06/2013 | 12:24 GMT by
Ron Finberg
Buyer Beware: The British Regulator Is After Rate Manipulations in the FX Markets
- Allegations of front-running FX prices have come to the forefront again, this time attracting the attention of the FCA. Sources from the industry spoke to us about this practice, supplying us information from within.
Wednesday, 12/06/2013 | 11:05 GMT by
Andrew Saks McLeod
SEC Fines CBOE $6 Million for Short Selling Failures
- The SEC, has fined CBOE for a $6 million fine after the exchange was found violating regulations relating to abusive short selling, the regulator also found various systemic breakdowns in the exchange's regulations.
Tuesday, 11/06/2013 | 19:08 GMT by
Adil Siddiqui
Britain's FCA Begins To Flex Its Muscles - Xcap Fined For CASS Ruling Transgression
- Britain's new regulatory authority, the FCA, has brought about its first case in relation to the security of client funds, having fined Xcap £120,900 for weak client asset procedures under new percentage-based tariff.
Tuesday, 11/06/2013 | 10:38 GMT by
Andrew Saks McLeod
Spot or Swap? CFTC Defines Rolling Spot Transactions As Swap In Retail FX
Monday, 10/06/2013 | 19:00 GMT by
Andrew Saks McLeod
The Aftermath of US Regulatory Warning Against Binary Options – Software Providers to Partner with NADEX
- The United States regulatory authorities' position is unquestionable when it comes to the legalities of off-exchange binary options being marketed within its jurisdiction - The message is clear: Caveat Emptor!
Monday, 10/06/2013 | 13:55 GMT by
Andrew Saks McLeod
ASIC Puts An End to the Aussie Rob Lifestyle. Murray Priestley Receives Three Year Ban
- Australian regulator ASIC has banned former CEO of Lifestyle Group from providing any form of financial services for three years after misleading statements relating to the functionality of forex software were made.
Monday, 10/06/2013 | 08:02 GMT by
Andrew Saks McLeod
US Binary Clampdown - SEC Follows CFTC In Issuance of Investor Warnings and Enters Charge Against Banc De Binary
- Further to yesterday's announcement by the CFTC that it intends to charge Banc de Binary for offering off-exchange binary options in the US, the SEC today cites the firm for the same transgression.
Friday, 07/06/2013 | 08:32 GMT by
Andrew Saks McLeod
Looking for a Job? The NFA is Hiring
- The NFA has announced that they approved their Fiscal Year 2014 budget. The budget, for the fiscal year which starts on July, 1 2013 is for $74 million, an 18% increase above last year, with the majority going towards new hiring
Thursday, 06/06/2013 | 20:16 GMT by
Ron Finberg
Compliance Through Alliance - BTC Global Introduces Crowdsourced Bitcoin Regulation
- Is crowdsourced regulation for bitcoin startups the future of the industry? BTC Global thinks so as they announced 'Compliance through Alliance' in what they call a Massive Parallel Licensing program
Thursday, 06/06/2013 | 17:25 GMT by
Ron Finberg
Banc De Binary Gets Charged by the CFTC - Investor Warning Also Issued Across The US
- Binary options firm Banc de Binary falls foul of US regulator CFTC for violating the off-exhange options trading ban and operating as an unlicenced FCM despite claiming to be based in New York's Wall Street.
Thursday, 06/06/2013 | 17:09 GMT by
Andrew Saks McLeod
New Zealand FMA Gains Regulatory Powers. AML Procedure Becomes Effective June 30
- New Zealand's regulatory authorities have confirmed that the FMA will require Anti-Money Laundering procedures to be adhered to, as well as surveillance and monitoring of compliance with such rulings from June 30.
Thursday, 06/06/2013 | 12:30 GMT by
Andrew Saks McLeod
The Falcon Is Still In Flight - Major US Bank Embroiled In Misappropriation of PFG Client Funds
- Almost a year has passed since the CFTC began investigating the activities of Peregrine Financial Group and its alleged misappropriation of client funds. Now US Bank under regulatory spotlight due to similar accusations.
Wednesday, 05/06/2013 | 16:51 GMT by
Andrew Saks McLeod
iFXEXPO Industry Review: Binary Options Creating a Buzz
- One of the overwhelming themes of the iFXEXPO was that binary options are a hot product in the market. We take a look at some of the current trends taking place and new products and players in this evolving market
Wednesday, 05/06/2013 | 13:58 GMT by
Ron Finberg
MetaQuotes Puts The Copy Trading Cat Among The Pigeons - What Does the Industry Think?
- With MetaQuotes urging users of its MetaTrader 4 platform not to use copy trading platforms Myfxbook, Zulutrade, Tradeo and Tradency, the viewpoint within the industry on the matter begins to make its presence known.
Tuesday, 04/06/2013 | 09:09 GMT by
Andrew Saks McLeod
May Forex Industry Review: Liberty Reserve & iFXEXPO Lead the News
- A look at the major headlined during May. Record volumes, Liberty Reserve, the iFXEXPO, new products, and earnings reports all made headlines during the just completed month. What was the biggest story?
Sunday, 02/06/2013 | 12:13 GMT by
Ron Finberg
The IFXEXPO Forex Summit in Limassol Cyprus - Day Two Concludes 1,500-Strong Event
- As the sun sets on Limassol, Cyprus, the annual IFXEXPO hosted by Forex Magnates in conjunction with Conversion Pros draws to a close after another full day of in-depth industry discussion and senior level networking.
Thursday, 30/05/2013 | 15:17 GMT by
Andrew Saks McLeod
‘Pay Up - $1.5 Million’ CFTC Orders FCStone
- A leading US futures brokerage has received a penalty by the CFTC after failing to maintain systems and controls that could have prevented the firm in making a loss of $127 million during the global recession.
Thursday, 30/05/2013 | 07:12 GMT by
Adil Siddiqui
Liberty Reserve Website Officially Seized
- Liberty Reserve's website has been seized by US authorities. Viewers will now get a message that the site has been seized and there is no further DNS information provided. Account holders are left wondering the future of their funds
Tuesday, 28/05/2013 | 15:58 GMT by
Ron Finberg
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