IKON GM fined $20,000 by NFA
On November 17, 2009, NFA issued a Complaint charging IKON with failure to observe high standards of commercial honor and just and equitable principles of trade; and failure to adopt enhanced supervisory procedures.
ANSWER:
On December 21, 2009, IKON filed an Answer to the Complaint in which it denied the material allegations contained therein.
Decision:
On March 4, 2010, [...]
Weekly read: new websites, myfxbook, CFTC and ACM
New websites:
Forexkills.com – a new blog by mataf.net’s Arnaud Jeulin. In his humble words: “This is my first post here. I’m Arnaud Jeulin, the owner of Mataf.net. I live in France.I don’t think I will publish more than one or two post per month. I won’t speak about trading here, only about forex industry and [...]
One World Capital Group Ordered to Pay $520,000 in Sanctions
Those who are a few years in this market should remember One World Capital Group which was even registered with the NFA at the time but was shut down as under-capitalized and following numerous complaints.
One World owned the 1world-forex.com domain and was barred by the NFA in early 2009 for failing to cooperate with an investigation for a Complaint [...]
IG Markets Launches Improved Advanced Trading Charts
CFD Trading company, IG Markets is happy to launch an extensive upgrade to its advanced charting package that provides clients access to an array of new professional-grade charting tools and enhanced CFD & forex trading functionality.
Key Facts
New advanced charts include a huge range of professional features
Enhanced features include new indicators, dynamic colour zones and more
Open [...]
Interview with Todd Crossland – Interbank FX’s Chairman and President
Interbank FX, is a major US broker, and it is lately growing very nicely outside of the US as well. What I find in particularly appealing in this broker is its emphasis on transparency and social elements in Forex – such as the performance page which shows Interbank FX’s real time performance allowing traders to see actual [...]
FXCM Greece opens up
Looks like FXCM doesn’t stop even for a second. Less than a month since launching another East European client with Czech Patria Direct using its Trading Station platform FXCM now expands into the Mediterranean and opens a local office in Greece which until now wasn’t a very known Forex hub. With the exception of Zulutrade [...]
FXCM is hosting a Forex Trading Expo in Las Vegas in May
Join FXCM at the Rio in Las Vegas, May 3–4, 2010, for a two-day Forex Trading Extravaganza
FXCM is hosting a forex trading expo in Las Vegas on May 3–4, 2010. This two-day conference includes dozens of educational courses for all levels of trader experience. Central to the expo experience is a course track designed specifically [...]
CFTC charges Ronald Smith aka Safeguard 3030 Investment Club in Forex Fraud Scheme
Smith allegedly misappropriated approximately $800,000; court orders defendants’ assets frozen. Safeguard’s 3030 website which promises up to 30% in 30 days (!) is down.
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today charged Ronald W. Smith, Jr., of Vansant, Va., doing business as Safeguard 3030 Investment Club, with operating a Ponzi scheme involving [...]
London Capital Group’s profit falls 46%
Seems that not all brokers share the same surge in volumes and activity that is recently seen across the board (thanks CFTC). Financial services firm London Capital Group Holdings Plc (LCG.L) reported a 46 percent fall in full-year pretax profit due to unfavourable markets, lower interest income and increased costs, and said it will not [...]
5,500 comments on the new CFTC rules – that’s it?!
fxstreet’s Francesc reported that CFTC has received 5,500 comments from brokers and traders. And all I can say is that this is a massive disappointment. I expected US traders to actually act on this proposal and voice out their displeasure. I guess I was totally wrong. If only 5,500 traders out of several hundreds of thousands [...]
