SFC fines
May 03, 2017 BY Valentina Kirilova

CFTC charges Pennsylvania resident with fraudulently soliciting commodity futures customers

The U.S. Commodity Futures Trading Commission (CFTC) filed an enforcement action in the U.S. District Court, Northern District of Illinois, charging Defendant, William H. Powderly IV (Powderly) of New Hope, Pennsylvania, with fraudulently soliciting at least $825,000 from at least four customers for purposes of trading commodity futures on their behalf in an account in…

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sec whistleblower award
May 03, 2017 BY Valentina Kirilova

SEC announces whistleblower award of more than half-million dollars for company insider

The Securities and Exchange Commission (SEC) announced that a company insider has earned a whistleblower award of more than $500,000 for reporting information that prompted an SEC investigation into well-hidden misconduct that resulted in an SEC enforcement action. This company employee saw something wrong and did the right thing by reporting what turned out to…

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May 03, 2017 BY LeapRate Staff

PositivaFX hires easyMarkets forex veteran Dominic Poynter as Head of Marketing

LeapRate Exclusive... LeapRate has learned that Limassol, Cyprus based institutional FX liquidity provider PositivaFX has hired Dominic Poynter as its new Head of Marketing. Dominic Poynter is joining PositivaFX after spending the past three years at retail forex broker easyMarkets as its Director of Marketing Operations, including overseeing that company's rebranding from easyForex to easyMarkets…

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May 03, 2017 BY Saxo Bank

Shorting USDCHF on the French vote

Background Since leaving the gap open at 99.88 from Friday, April 21 after the initial results from the French preliminaries, the USD index has consolidated within a channel formation. This would suggest a possible flag with a bias to break lower. However, gaps also have a tendency to be closed, so signals are far from…

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ASIC applauds the enactment of stronger whistleblowing laws
May 03, 2017 BY Valentina Kirilova

ASIC supports second-phase extension of groundbreaking whistleblower research project

ASIC has welcomed and strongly endorsed today's announcement of the second stage of the ground breaking research project 'Whistle While They Work', which will lead to a strong information base to assist considerations of whistleblowing practices. The 'Strength of Whistleblowing Processes' report, undertaken by a multi-university team led by Griffith University's Professor AJ Brown, and…

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FX liquidity providers
May 03, 2017 BY LeapRate Staff

Invast Global adds FX pricing from Lucid Markets to its PurePrime prime services facility

Invast Global, the ASIC-regulated Australian-based arm of leading Japanese brokerage Invast Securities Co. Ltd. (TYO:8709), has announced that it has deepened the liquidity offering of its multi-asset prime services facility PurePrime by adding FX pricing from Lucid Markets. Lucid Markets is a unit of Global Brokerage Inc (NASDAQ:GLBR), formerly FXCM Inc. Lucid established itself in 2009…

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clone firm FCA warning
May 03, 2017 BY Valentina Kirilova

FCA warns against Stratton FX clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Stratton FX. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to…

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May 03, 2017 BY Saxo Bank

EURUSD tracks Keltner channel higher

Background Yesterday's indecisive neutral bias proved correct as for the second day in a row, prices were contained within Friday's parameters. But crucially, yesterday's higher lows were firmly rejected and the market closed near the top of modest net gains on the day. This price action does not create strong signals for sentiment but although…

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