Tag Archives: Regulation
CFTC Obtains Asset Freeze against Keith Simmons, Deanna Salazar, Bryan Coats, Jonathan Davey and Their Companies, Charged in $35 Million Forex Ponzi
17
2011
Washington, DC – The Commodity Futures Trading Commission (CFTC) announced that it obtained a federal court order freezing the assets held by defendants Keith F. Simmons of West Jefferson, N.C., Bryan Coats of Clayton, N.C., Jonathan Davey of Newark, Ohio, …
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Morgan Business Trial Group have announced that they sued FXDD as well. Details of the case are pretty much similar to FXCM’s. In basis of the complaint is the allegedly aggressive and misleading marketing by FXDD as well as that …
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I think it’s a very very smart move by Alpari, I’m not sure how popular it would be but unquestionably it’s a very attractive offering for some clients who fear that all currencies worldwide may become unstable. Alpari (UK) has just launched …
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Retail customer trading volume(1) of $258 billion in January 2011, 8% higher than December 2010(2) and 5% higher than January 2010. An average of 307,689 retail client trades per day in January 2011, 11% higher than December 2010(2) and 7% …
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Financial highlights for the full year 2010 include: Record Net Revenue of $189.1 million; growth of 23.4% compared to 2009 Net Income of $37.8 million (Diluted EPS of $1.00); net income growth of 35.0% compared to 2009 Adjusted Net Income(1) …
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A few days ago I reported that FXCM was slapped with a class action suit over alleged fraud and racketeering. Today I bring you the full lawsuit document. Here are some of the more interesting details and you can read …
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MIG Bank has just launched a new campaign aimed at explaining its execution model. Basically they claim to be using similar to FXCM’s agency model – where banks ‘compete’ for prices and clients only execute with them. I don’t have …
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I guess it’s one of the perks of being a public company. FXCM and Gain – both public retail forex brokers – have simultaneously announced the sponsoring of the show. It is another step in going mainstream. FXCM has partnered …
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Alpari (UK) Limited (“Alpari (UK)”), a leading foreign exchange (“FX”, “Forex”), CFD and precious metals broker, is delighted to announce the launch of a brand new, expanded contracts for difference (CFD) offering. Traders can now access 10,000+ markets and a …
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