Tag Archives: Regulation

FINRA approves Monex Group's bid for TradeStation

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On April 21 2011, Japanese Monex Group announced that it submitted a tender offer to acquire TradeStation Securities for about $411 million. Acquiring a financial business in most countries requires a regulatory approval and yesterday it was finally given to …
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Gallant Capital Markets becomes the first forex broker to be licensed by the BVI FSC

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BVI, which for many is a synonym for an offshore haven and lax regulation, is no longer such. While it is still a place where corporate tax is 0%, its financial sector and regulation has undergone a major overhaul. Getting …
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FXDD appoints James Chen as Director of Technical Research and Education

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In the wake of recent major reshuffling at FX Solutions, which includes replacing CEO Michael Cairns with David Trew, James Chen its Chief Technical Strategist has now moved to FXDD and will assume the role of Director of Technical Research …
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OANDA attains FSA registration

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OANDA, the largest North American broker in terms of accounts, has recently achieved an FSA license. FSA licensing process is a very lenghty and costly procedure and OANDA probably initiated it well over a year ago – prior to leverage …
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Texas forex fraudster Ray White gets 10 years in jail

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Two years after being charged with operating a Ponzi scheme through his company CRW Management LP that solicited at least $10.9 million from more than 250 investors, ostensibly to perform foreign exchange trading Ray White on Tuesday was sentenced to 10 years …
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OANDA is migrating Canadian clients to OANDA Canada

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OANDA recently let its Canadian clients know that they will need to migrate their accounts to OANDA Canada in order for it to comply with IIROC regulations (thanks to Yohay from forexcrunch.com for the tip). Canadian regulations are as numerous …
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NFA issues complaint against CMS Forex

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CMS FX might have ceased being a forex broker and transferred clients to Gain Capital, but it’s not out completely. On May 19th, 2011, the NFA Business Conduct Committee charged CMS with failing to implement an adequate business continuity and …
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OptionsXpress retail forex offering to launch this summer

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Dow Jones Newswires reports that the chief executive of OptionsXpress Holdings. Inc. (OXPS) confirmed that the brokerage’s currency-trading offering is set to launch this summer, complementing its capabilities in derivatives and stocks. This is not surprising as it is the …
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CFTC Charges Angel Collazo and ACJ Capital, Inc. with Solicitation Fraud and Issuing False Statements in Forex Scheme

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Federal court issues order freezing defendants’ assets and protecting books and records. Washington, DC — The U.S. Commodity Futures Trading Commission (CFTC) today announced that it filed a complaint charging Angel Fernando Collazo of Salinas, Puerto Rico, and his company, …
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FXCM's CEO Drew Niv on their new Dow Jones FXCM Dollar Index

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I recently spoke with Drew Niv, CEO of FXCM Inc, the first publicly traded US forex broker (NYSE:FXCM). I had a chance to ask him about FXCM’s latest product: the Dow Jones FXCM Dollar index. We appreciate his comments and …
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