November 17, 2016 BY Valentina Kirilova

FCA warns on clone firm of M J Ansen

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm M J Ansen. 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…

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November 17, 2016 BY Valentina Kirilova

ASIC bans former Sentinel Private Wealth adviser for five years

ASIC has banned Stephen Michael Beckton, a financial adviser and former authorised representative of Sentinel Private Wealth Pty Ltd, from providing financial services for five years. ASIC found Mr Beckton did not comply with financial services laws on a number of occasions. An ASIC review of Mr Beckton's advice found that he had recommended clients…

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November 17, 2016 BY LeapRate Staff

Gain Capital GTX Tokyo matching engine to go live in January

GTX, the institutional foreign exchange trading arm of GAIN Capital Holdings Inc (NYSE: GCAP), has announced that it will launch a new matching engine for its flagship ECN in Tokyo January 31, 2017. GTX had previously announced plans for the Tokyo matching engine in September, alongside those for a new London matching engine. The London site…

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SFC fines
November 16, 2016 BY LeapRate Staff

IB Capital FX hit with $35 million restitution and fine payments by US court for illegal Forex trading

The U.S. Commodity Futures Trading Commission (CFTC) obtained a Consent Order against Defendants IB Capital FX, LLC and its principals Michel Geurkink, and Emad Echadi, requiring them to pay, jointly and severally, $35 million in restitution to defrauded customers and a $420,000 civil monetary penalty for soliciting and accepting at least $50 million from approximately 1,850…

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November 16, 2016 BY Valentina Kirilova

Bats Europe expands reach of new UK indices

Bats Global Markets, Inc. (Bats: BATS) has announced that data for its UK-focused indices, which were launched this summer, is available via the following leading market data providers: Boerse Stuttgart Bloomberg Bloomberg PolarLake FactSet FE (Financial Express) FIS MarketMap ICE Data Services IHS Markit Infront IRESS Morningstar NBTrader RIMES SIX Financial Information Thomson Reuters WFG…

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November 16, 2016 BY Valentina Kirilova

Gain Capital launches money transfer business ForeignExchange.com

More than nine months after first announcing the plans, Retail forex broker Gain Capital Holdings, Inc. (NYSE:GCAP) has finally announced the Beta launch of ForeignExchange.com, its new international money transfer service, in the UK market. LeapRate initially reported on the planned launch of ForeignExchange.com, as indicated above, in February. Earlier this month Gain Capital had…

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November 16, 2016 BY Valentina Kirilova

African Securities Exchanges Association and the CISI have signed a MoU

The African Securities Exchanges Association (ASEA) and the Chartered Institute for Securities & Investment (CISI) have signed a Memorandum of Understanding (MoU) to provide an effective framework to develop a common certification programme across the 26 ASEA Member Exchanges. The aim of the partnership is to promote professionalism and develop channels for capacity building and…

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November 16, 2016 BY Valentina Kirilova

FCA warns on London Commodity Exchange Plc firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm London Commodity Exchange Plc. London Commodity Exchange Plc is not authorised by the FCA but has been targeting people in the UK and is also carrying…

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