Regulation

FCA Raising Regulatory Fees For First Time Since 2010

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The Financial Conduct Authority (FCA) is consulting on its fee schedule for all regulated firms for the 2015/16 financial year, requisite to covering the cost of the FCA’s regulatory activities.
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Conversion Pros

Binary Options Broker EZ Trader Fined €10,000 by CySEC

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According to an announcement made by the Cyprus Securities and Exchange Commission, binary options broker EZ Trader has been fined €10,000 in relation to its briefly suspended license last year.
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CFTC Revokes Altamont Global’s License to Prevent ‘Any More Fraud’

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The CFTC has retracted Altamont Global’s license, the firm that was found guilty of committing fraud relating to margin FX. CFTC hopes that the firm and its associated person John Wilkins, are unable to commit future wrong doings.
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Breaking: CWM Responds to City of London Police Investigation

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The Chelsea FC sponsor claims that there might be a coordinated effort to tarnish the group’s reputation as CWM have made an offer to the City of London Police to ring fence client funds to allay any general concerns.
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FCA Warns against GMT Markets Limited and LCG Clone Tradignition

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The UK financial regulatory body has issued a couple of warnings against unauthorized firms providing broking services without authorization, with Tradeignition imposting as LCG when soliciting clients.
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Dutch Regulator and Courts Battle It out as Binary Options Provider Gets Licence Ruling Restored

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In a surprise ruling, binary options broker, Optieclub, is expected to receive authorization to offer financial trading products under Holland’s AFM after courts rejected their decision not to regulate the firm.
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French Financial Watchdogs Update List of Unauthorized Forex Brokers

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France’s financial regulators, the Autorité des Marchés Financiers and the ACPR, have released a list of 65 websites offering forex trading without authorisation to provide financial services in the country.
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Australian Watchdog Chief Confirms Tightening of FX Regulations

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The Chairman of the Australian Securities and Investments Commission (ASIC), Greg Medcraft, said his jurisdiction is being “picked off” by online forex brokers looking to offer excessive leverage.
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Insolvency Specialist Answers Alpari UK, LQD Markets Clients’ Questions

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When will clients get their funds back, from whom should they claim and what fate awaits overseas traders? Forex Magnates provides all the answers by David Leibowitz, partner at Berwin Leighton Paisner LLP.
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BNY Mellon Pays $714 Million to Settle FX-Related Charges

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The Bank of New York (BNY) Mellon Corporation (NYSE: BK) has reached a point of financial reconciliation with US authorities, agreeing to pay a total of $714 million for FX-related transgressions, according to a BNY statement. Less than one month …
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