On October 7 , 2014, approximately $12 million was auto-swept overnight by UBS' depository from a customer secured amount funds account to a nonsecured amount funds account, amounting to a withdrawal of more than 25% of residual interest, resulting in a $17,500 fine
Read moreJP Morgan Clearing has entered into a settlement of $17,500 with the NFA after it failed to instruct its depository of the balances in a number of newly opened segregated funds accounts
Read moreKVB Kunlun Financial Group Ltd (HKG:8077), the Hong-Kong focused retail Forex broker, today announced the appointment of Octal Capital Limited as an independent financial adviser on its deal with CITIC Securities Company Limited (SHA:600030). Octal Capital Limited, which has licenses to carry out Type 1 (dealing in securities) and Type 6 (advising on corporate finance)…
Read moreAlpari International Limited, the Mauritius-based retail Forex broker that started operations about a year ago, announced today it will change trading conditions for contracts for difference (CFDs). The changes, to come into effect on March 30, 2015, will affect the maximum volume size of positions with all CFDs. From this date on, the maximum volume…
Read moreGFI Group Inc. (NYSE:GFIG), the US-based provider of brokerage, trade execution and clearing services, has unveiled plans to delist and deregister its common stock, which is currently trading on the New York Stock Exchange. The company attributed its decision to the upcoming changes related to the deal with BGC Partners, Inc. (NASDAQ:BGCP) and the lack…
Read moreIn a case brought by the FCA, Julian Rifat has today been sentenced at Southwark Crown Court to 19 months imprisonment; Mr Rifat has also been fined £100,000 for the same offences and ordered to pay costs of £159,402
Read moreSeveral parties, including New York State and the US Federal authorities, alleged that BNY Mellon promised best execution on institutional FX transactions, but instead provided the worst interbank rate
Read moreClients subject to the Negative Balance Policy who incur negative balances in excess of US $50,000 (determined by aggregating all of the client's negative balances across all accounts held by FXCM and any of its affiliates
Read moreLeapRate Managing Editor Andrew Saks-McLeod looks behind the dramatic media depictions of the falling Euro and the dominance of the dollar, considers a focus on overall circumstance to be vital in addition to pure real time figures
Read moreEstablished in 1987, PAMC is under scrutiny from the NFA for allegedly soliciting clients by using misleading promotional material that promised dramatic profits, and contained hypothetical trading results
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