October 20, 2016 BY Valentina Kirilova

BlackfortFX's Jimmie McNicholl finally charged as administrator reveals size of Ponzi scheme

A man has appeared in the Christchurch District Court today on charges filed by the Serious Fraud Office (SFO) in relation to an alleged foreign exchange (Forex) trading scheme purportedly operated by Arena Capital Limited trading as BlackfortFX. Jimmie McNicholl has been charged under the Crimes Act with one charge of ‘Obtaining by deception’. Another…

Read more
October 20, 2016 BY Valentina Kirilova

SFC reprimands and fines two JP Morgan entities HK$5.6 million for regulatory breaches

The Securities and Futures Commission (SFC) has reprimanded J.P. Morgan Securities (Asia Pacific) Limited (JPMSAP) and JPMorgan Chase Bank, National Association (JPMCB), and fined them $3 million and $2.6 million respectively for regulatory breaches including disclosure failures in research reports and offering offshore listed index options without the required licences. The SFC’s investigations into the…

Read more
October 20, 2016 BY Valentina Kirilova

Market Misconduct Tribunal bans Andrew Left of Citron Research from trading securities in Hong Kong

The Market Misconduct Tribunal (MMT) has ordered that Mr Andrew Left of Citron Research be banned from trading securities in Hong Kong for the maximum period of five years without the leave of the court after finding him culpable of disclosing false or misleading information inducing transactions under the Securities and Futures Ordinance (SFO) in…

Read more
October 20, 2016 BY Valentina Kirilova

FxPro announces consistently positive slippage percentages in Q3 2016 execution statistics

Global retail forex and CFDs broker FxPro has announced key execution statistics registered during the months of July, August, and September 2016. For yet another quarter, the order execution data registered has reflected FxPro’s ongoing focus on slippage symmetry, with Q3 results on a par with the ones observed in previous quarters and positive slippage…

Read more
October 20, 2016 BY Valentina Kirilova

CME Group FX Futures ADV grows 57% MoM

International derivatives marketplace CME Group Inc (NASDAQ:CME) has announced September's overview of FX futures and options. Here are some of the highlights: FX Futures September 2016 FX Futures ADV of 904,263 ($88.1 billion notional) FX Futures ADV grew 57% from August and is up 3% compared to September 2015 Volume growth trend in emerging market…

Read more
October 20, 2016 BY Valentina Kirilova

PineByte updates FX Junction social trading website

FinTech company PineByte has released its new social trading website, FX Junction. The open social trading network, FX Junction is now mobile friendly and offers many new features to engage its members to easily communicate with each other, analyze and learn from the performance of themselves and others with the goal to make better trading…

Read more
October 20, 2016 BY Valentina Kirilova

Hong Kong SFC adds Dukes Copy Limited to its alert list

Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…

Read more
October 20, 2016 BY LeapRate Staff

Social trading platform Collective2 claims to have passed $50 million in investor capital

Social and copy trading platform Collective2 has announced that it has surpassed $50 million dollars in investor capital linked to strategies on the platform. The increase represents a gain of over 30% in assets-following-strategies (AFS) from the prior quarter. The comapny stated that the growth has come from both traditional accounts and the recent introduction of…

Read more