Regulation
A Puerto Rican FX fund manager has been fined by a United States district court in Puerto Rico for dealing fraudulently in Foreign Exchange trading. Angel Collazo owner of ACJ Capital Inc was accused by US regulator CFTC of fraudulently trading …
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The Commodity Futures Trading Commission (CFTC) announces that on Thursday, March 29, 2012, the CFTC’s Technology Advisory Committee (the “TAC”) will hold a public meeting at the Commission’s headquarters in Washington, DC from 10:00 a.m. to 5:00 p.m. This meeting …
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Exclusive coverage London: Leading Irish broker was entertaining the FSA on the weekend as regulators are majorly concerned with the financial state of the company. The news follows the resignation of their CEO and suspension of their shares. More news …
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Leading Irish spread betting firm World Spreads have had their shares suspended amid concerns about the financial state of the company. WorldSpread’s CEO Conor Foley resigned earlier this week. WorldSpreads has had a difficult start to the year as Niall O’Kelly resigned as group …
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MarketSpreads an online trading firm based in Ireland is suing its former CEO and Executive Director for routing cash out of the company to another company they were involved in. The pair are alleged to have been moving funds from MarketSpreads …
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The Chinese Premier Wen Jiabao has stated that the he wants to fast track the dilemmas the Yuan faces owing to restricted market flows on and off shore. During the National Peoples Congress meeting Wen recognised the shortfalls with the way …
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Following MF Global’s debacle NFA and CFTC are seeking ways to strengthen client funds protection. One of the obvious ways of doing that is the segregation requirement which for instance didn’t exist for forex brokers until now. This will soon change. Forex Magnates sources …
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City Credit Capital (CCC) became now the latest broker to settle with the CFTC for accepting US clients. On March 2012 Windsor Brokers settled, preceded by Enfinium, FXOpen and InterForex. Federal Court in Illinois Orders City Credit Capital, (UK) Ltd. to Pay $140,000 …
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India’s finanial crime unit have raided the residence of a senior police official in connection with the multi-crore (million) Pazee Forex Trading case scam. CBI sleuths raided the residence of Pramod Kumar, Inspector General of Police (Armed) at the SAF …
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