The Cyprus Securities and Exchange Commission (CySEC) today published a warning regarding fraudsters using its details to obtain money from investors and the general public. The regulator says that several types of financial scam messages and/or letters purporting to be sent by CySEC are currently in circulation. In particular, the fraudsters have used the email…
Read moreOANDA Japan today announced a set of pending changes to margin requirements for dozens of currency trading instruments it offers to its clients. The new requirements come into effect on December 14, 2015 and are introduced in response to changes in market conditions and regulatory requirements. The broker refers to the events from January 15,…
Read moreThe Swiss Financial Market Supervisory Authority (FINMA) on Thursday updated its Warning list, which contains the names of companies that might be operating without a licence although their service requires authorisation and should be supervised by FINMA. The latest addition to the list is TradeSolid, a binary options broker, offering its services via www.tradesolid.com. The…
Read moreThe practice of corporate cloning - fraudsters using the details of authorized firms to convince people that they work for a genuine, authorized company, keeps gaining momentum in the Forex industry. One more piece of proof in this respect comes from the UK Financial Conduct Authority (FCA), which today published a warning regarding an unauthorized…
Read moreThe European Central Bank (ECB) and the People’s Bank of China (PBOC) today announced the successful testing of their bilateral currency swap arrangement. The arrangement was established in October 2013, with a maximum size of RMB 350 billion and EUR 45 billion. As part of the ECB’s plan to regularly test its operational capabilities, the…
Read moreWhen Dukascopy Bank SA updated its Swiss Forex mobile application for iOS devices so that it can be used by owners of Apple Watch, it promised to make the application available on Android-powered watches too. The Swiss company has stayed true to its promise, as the relevant update to the Swiss Forex app for Android…
Read moreRetail Forex and CFD broker Plus500 Ltd (LON:PLUS) today published information about a transaction in its shares. The regulatory filing dated November 26, 2015, states that JPMorgan Chase & Co. (NYSE:JPM) cut its stake in the broker to 6.81%. The investment bank (which is most likely acting on behalf of its clients), sold 259,355 ordinary…
Read moreRussia's Deputy Finance Minister Alexei Moiseev has struck a skeptical note regarding the possible delay in the implementation of certain clauses of the Russian Forex law, including the extension of the “grace period” for Forex licensing. Under the current legislation, Forex brokers that wish to offer their services to Russian residents should obtain Forex dealer…
Read moreRussia’s Commission for the regulation of relations in the financial market (KROUFR) earlier today added one more company to its “Black List”. The new entry is Alfareserve, a company offering various investment plans, with KROUFR noting that the company is pledging artificially high and guaranteed returns. The lack of any licenses is also mentioned as…
Read moreThe European Securities and Markets Authority (ESMA) and Hong Kong's Securities and Futures Commission (SFC) today announce that they have concluded a Memorandum of Understanding (MoU) which will enable the exchange of information on derivative contracts held in trade repositories. The agreement allows ESMA and SFC to have indirect access to trade repositories established in…
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