May 26, 2016 BY LeapRate Staff

U.S. Federal Court fines David Bryant $6 million for Futures fraud and misappropriation

The U.S. Commodity Futures Trading Commission (CFTC) has announced that the U.S. District Court for the Northern District of Illinois entered a Consent Order for permanent injunction against David Bryant of Los Angeles County, California. The Order requires David Bryant to pay a $3 million civil monetary penalty, plus $3,087,343 in restitution. The Order also imposes…

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May 25, 2016 BY LeapRate Staff

IG Brexit Barometer: 81% chance of 'Remain' vote winning

The EU Referendum 'Brexit Barometer' developed by IG Group Holdings plc (LON:IGG) is currently showing an 81% chance that the UK will remain within the European Union, a new high for the Barometer since its launch in February 2016. A Brexit has been the most unlikely outcome since the inception of this market, according to IG clients.…

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May 25, 2016 BY LeapRate Staff

IG Brexit Barometer: 81% chance of 'Remain' vote winning

The EU Referendum 'Brexit Barometer' developed by IG Group Holdings plc (LON:IGG) is currently showing an 81% chance that the UK will remain within the European Union, a new high for the Barometer since its launch in February 2016. A Brexit has been the most unlikely outcome since the inception of this market, according to IG clients.…

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May 25, 2016 BY Mike Fox

Kraken announces major update in MtGox claims investigation

Global digital asset exchange Kraken today shared major news from Tokyo’s court-appointed trustee in the investigation of claims from MtGox creditors. During a scheduled and long-awaited Creditor’s Meeting in Tokyo, Trustee Nobuaki Kobayashi announced today that 24,750 creditors have filed claims to date. The total amount claimed to date was 263,519,268,303,371 JPY, or approximately $2,411,412,137,427 USD, though…

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May 25, 2016 BY Mike Fox

Bitcoin exchange operators now mandated to register with Japanese FSA

Japan's legislature The National Diet passed a bill today to regulate operators of Bitcoin and virtual currency exchanges. The Japan Times reported that under the revised law, virtual currency exchange operators are required to register with the Financial Services Agency (FSA) of Japan. The agency will be authorized to conduct on-site inspections and issue administrative orders as needed. The…

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May 25, 2016 BY LeapRate Staff

Bad day for Citi: CFTC doles out $425 million in fines for manipulation of LIBOR and swap rates

US financial regulator CFTC has issued two notices about fairly large fines totaling $425 million being levied against banking giant Citigroup Inc (NYSE:C). In Notice #1, the CFTC has ordered Citibank, N.A. and Japanese affiliates to pay a $175 million penalty for attempted manipulation of Yen LIBOR and Euroyen TIBOR, and false reporting of Euroyen TIBOR and…

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May 25, 2016 BY LeapRate Staff

FCA issues warning re unauthorized TRD Brokers and TRD Futures Group

UK financial regulator the FCA has issued a warning regarding retail forex, CFDs and futures brokers TRD Brokers Limited at trdbrokers.net, and TRD Futures Group at trdfutures.com. The website of TRD Futures claims that the company is indeed FCA regulated (see below), giving FCA registration number 493131. That number does exist in the FCA's registry,…

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