Regulation

US Regulator Orders Peak Capital Management Group to Pay over $1.6 Million for Forex Fraud

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A US-based fraudster has been charged by the CFTC for carrying out currency fraud. The culprit, Scott Beatty, will pay over $1.6 million in restitution and fines for his role in a pyramid-style scheme that defrauded Japanese residents.
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Swedish Watchdog Follows British Warning against DuPont FX Clone Scam

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Representatives from DuPont Financial/DuPont FX/DP Global Services Ltd (clone of authorised firm) are using the details of an authorised firm to try to convince people that they work for a genuine, authorised firm.
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FSB Releases Final Report on FX Benchmarks, WMR Poised to Change?

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The Financial Stability Board (FSB) has released the final and latest version of its report dealing with FX benchmarks, along with supplemented recommendations for notable measures for reform for FX markets.
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Vision Broadcast’s CEO Gets Blurred Response as SEC Charges for Fraud

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Two Florida-based residents were handed out sentences for defrauding private investors. The culprits duped investors into investing in a television network and production company by presenting false information.
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Probe Launched against Commerzbank over Money Laundering Allegations

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German banking giant Commerzbank AG has been placed in the crosshairs of US monetary authorities, culminating in the launch of a probe for alleged violations of US money-laundering laws.
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Luxembourg’s Financial Regulator Warns Against… Its Own Clone Website

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Clone wars are going to a new level as new unknown entities are creating websites imposting as official regulators which are further relaying the message of allegedly regulated exchanges accepting deposits.
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Key Industry Leaders Launch Foreign Exchange Professionals Association

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The FX industry has reached a precipice amidst regulatory scrutiny worldwide, prompting the coalescence of key industry leading officials to launch the Foreign Exchange Professionals Association (FXPA).
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OANDA Joins with Australian CFD Forum in Bid to Promote Transparency

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OANDA, a global provider of FX and contract for difference (CFD) instruments, has announced its inclusion into the Australian CFD Forum, part of an initiative to fortify its regulatory standards.
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CFTC Commissioner Warns of a Looming Cross-Atlantic Derivatives Trade War

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Commissioner Giancarlo predicts a disaster might befall U.S. and European economies due to American regulatory overreach in the OTC derivatives segment that is leading to the Balkanization of global markets.
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CFTC Charges Executive Management Advisors LLC with Running an $8.3 Mln Ponzi Scheme

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According to the charges by the regulator, John R. Bullar who is the owner of the company has been involved in operating an $8.3 Million Commodity Pool and a Ponzi Scheme Alleging to trade Futures and Options.
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