Tag Archives: fraud

Complete Developments, Incomplete Integrity. Forex Ponzi Scheme Operators Prosecuted

0 Comments

Fraudsters Hit with $23 million Civil Restitution Penalty after CFTC uncovers forex Ponzi Scheme, further demonstrating the continued efforts by the US regulatory authorities to root out the bad apples.
Read more

TAGS: , , , , , , , ,

Regulators Intervene against Fraud and Money Laundering Risks in Use of Pre-Paid Credit Cards

0 Comments

Britain’s FCA and anti money laundering authorities take a close look at the use of pre-paid cards to fund forex trading accounts – and set in place penalties to put a stop to it.
Read more

TAGS: , , , , ,

ASIC Clamping Down on Unregulated Firms – Fraudulent Currency Trading Scheme Uncovered

0 Comments

Following an investigation into an unlicensed and fraudulent financial services business, ASIC has successfully applied to the Supreme Court of Queensland for three South-East Queensland based companies to be wound up. ASIC alleged Secured Collateral Pty Ltd (Secured Collateral), Diversified …
Read more

TAGS: , , , , , , , , ,

Gain Capital Wins Appeal Claim with CFTC

8 Comments

In a judgment earlier this month, the CFTC decided in favor of an appeal from Gain Capital in the case of Robert West vs Gain Capital. The appeal rejected an earlier decision that Gain was responsible to pay West reparations …
Read more

TAGS: , , ,

SEC Gains Restitution Over Insider Trading Case. Traders Agree to $3.3 million Settlement

0 Comments

The United States Securities and Exchange Commission (SEC) has announced that a Chinese businessman and his wife whose trading accounts were frozen last year as part of a major insider trading case have agreed to settle charges that they loaded …
Read more

TAGS: , , , , , , , , ,

Forex Company VFRS Fined $3.2 Million By CFTC For Forex Fraud

0 Comments

California Resident and Forex Company CEO Victor Yu has been prosecuted, sharing liability with his company, VFRS LLC and ordered by the CFTC to pay restitution of nearly $2.15 million, disgorgement of more than $270,000, and a civil monetary penalty …
Read more

TAGS: , , , , , , , , ,

CFTC Brings Successful Prosecution Against Capstone FX For Illegally Soliciting Managed Account Clients

0 Comments

The U.S. Commodity Futures Trading Commission (CFTC) has certainly been active in bringing successful prosecutions for FX related fraud this week, having today obtained federal court orders for more than $3.5 million in restitution and civil monetary penalties against Nicholas …
Read more

TAGS: , , , , , , ,

CFTC Sues Michael Alcocer and His Company, InovaTrade, Inc., for Foreign Currency Fraud and Misappropriation

0 Comments

The CFTC has announced that it is suing Michael Alcocer and his firm InovaTrade for fraud. According to the CFTC, InovaTrade falsely marketed itself as a registed Retail Foreign Exchange Dealer (RFED). We wrote about the firm in 2011 that …
Read more

TAGS: , , , , ,

Anatomy of a Forex Fraud – Gaming the Rules

2 Comments

If there is a way to cheat clients, they’ll figure it out in the forex industry! The CFTC announced yesterday that the Federal Court of Massachusetts imposed a $600,000 on Jeffrey Liskov and his company EagleEye Asset Management for committing …
Read more

TAGS: , , , , , , , , , , , ,

PFG Best Forex Assets to be Auctioned

0 Comments

The Peregrine Financial Group Trustee website has announced a notice of an intended auction for certain PFG Best forex related assets. The auction is to begin on February 12th at the office of Shaw Fishman Glantz & Towbin LLC, the …
Read more

TAGS: , , , ,
123...10...Last »
Mirror Trader

Bitcoin

Executive Moves

Startups & New products

bitpay

Want a Plane? Do You Have Bitcoins? BitPremier & BitPay Raising the Bar

After bringing to the bitcoin marketplace million dollar apartments and sports cars, luxury bitcoin retailer, BitPremier is offering what is most likely the first airplane...

crypto st 1

Sneak Peak: Crypto St, Blending Bitcoin & Forex Trading Together

Innovation in the bitcoin sector continues to take place. Forex Magnates takes a look at Crypto St, a soon to launch bitcoin trading platform...

dhs

DHS, Dwolla, Google Wallet & Bitcoin Prices Still Strong

US Feds Attacking Bitcoin! Bitcoin Getting Shut Down Is this the End of Bitcoin There have been some strong titled headlines since Tuesday evening about...

More Bitcoins

download

New Blood at Integral’s Top Level – A Further Two Senior Executives Appointed As David Faulkner and Thomas F Koslowske Assume Office

Integral's management team expands rapidly as part of growth plan to streamline go-to-market process and keep abreast of market share gain of open FX platform.
...

Ian Doull Joins Integral in Global Product Role

Technology provider Integral has announced today that Ian Doull is joining them as Managing Director of Product Marketing. Integral stated that “In this newly created...

rajesh yohannan

Exclusive: OANDA Appoints Global Mobile Banking Head Citibank as New Head of Singapore

Management changes at OANDA continue with the appointment of Rajesh Yohannan as the new Managing Director & CEO, OANDA Asia Pacific, to be based in Singapore....

More Executive Moves

New Product Spotlight

Hiroyuki Shimizu - Spotware Systemschartiq iphone

Trading in the Cloud with cTrader & ChartIQ

The rise of mobile trading on tablets and smartphones has led brokers and technology providers to launch products that allow customers to access market data anywhere, and on any device. On this note, two cloud based products were released this week.
Read more

crypto st 1

Sneak Peak: Crypto St, Blending Bitcoin & Forex Trading Together

Innovation in the bitcoin sector continues to take place. Forex Magnates takes a look at Crypto St, a soon to launch bitcoin trading platform that combines elements of the forex trading brokerage model with digital currencies.
Read more

More Startups & New Products

Forex Research

Recently Viewed Directory Profiles

Recent Comments

Note: Copyright © 2013 Forex Magnates. All rights reserved.

All materials contained on this site are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of Forex Magnates. You may not alter or remove any trademark, copyright or other notice from copies of the content. All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at Forex Magnates are those of the individual authors and do not necessarily represent the opinion of Forex Magnates or its management. Forex Magnates has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur. Any opinions, news, research, analyses, prices or other information contained on this website, by Forex Magnates, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. Forex Magnates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2012 "Forex Magnates Inc. - Home of the Forex Elite" All Rights Reserved.