CFTC orders Sean R. Stropp to pay $250,000 penalty and serves cease and desist order following false and misleading statements during a CFTC investigation The US Commodity Futures Trading Commission (CFTC) has adopted a similar method of penalizing those who provide incorrect statements to compliance officers during inspections as that which has been long employed by…
Read moreA newly issued legal opinion 'does not exclude' spot forex transactions from the planned transaction tax. Reuters reports that EU lawyers have requested and received a legal opinion that taxing spot forex transaction does not conflict with the EU's commitment to the free movement of capital. Attempts to introduce a global or pan-EU transactions tax…
Read moreWhilst virtual currencies have polarized the opinions of governments worldwide, CySec takes a conservative view, today issuing a warning to potential bitcoin traders Less than one day subsequent to the Singaporean financial markets regulatory authority having made its intention to regulate virtual currency intermediaries public, the ubiquitous Cypriot regulator, which operates in an island with…
Read moreCorporate efficiency detailed in full as Plus500 releases its annual report for 2013 Plus500 has released its annual results for the full year 2013, which demonstrate what could be considered a predictably strong performance when bearing in mind the company's high valuation and successful initial public offering during the later stages of 2013. Last year, Plus500…
Read moreHong Kong retail forex broker KVB Kunlun looks to expand both its online and physical presence into mainland China. We had reported back in December that KVB Kunlun (HKG:8077) had announced plans to open an office in mainland China, in the southern city of Zhuhai. KVB has now announced that they have indeed received a…
Read moreOslo Børs implements Baymarkets Edge derivatives platform as exchanges embrace opportunities in current OTC markets Whether the probe into a whole host of international financial institutions which accuses them of FX rate manipulation is partly responsible for driving the recent developments in exchange-based infrastructure within a predominantly OTC industry sector is hard to measure, however…
Read moreIG Group CEO Tim Howkins and CFO Chris Hill probe specific factors relating to the company's Q3 results, and emphasize importance of mobile trading Following today's announcement of corporate results for the third quarter of its financial year, IG Group CEO Tim Howkins, along with CFO Chris Hill and Head of Investor Relations Kieran McKinney…
Read moreA very strong December led to solid Q3 Revenues for IG. UK spreadbetting firm IG Group (LON:IGG) issued its Interim Management Statement for Q3 2014 (IG has a May 31 year end, so Q3 ended February 28), giving us a peek into revenues the past three months, and they were fairly strong. IG Revenues hit £96.7 million…
Read moreMonetary Authority of Singapore sets forth regulatory stance on virtual currency intermediaries, hinting at the nation's acceptance of Bitcoin as a viable tender How to regulate the unregulatable, that is the conundrum. Amid the continual attempts by various governmental departments worldwide during recent times to place controls on the usage, trading and flow of virtual…
Read moreAustralian financial markets regulator responds to application filed to terminate AFS license after concerns had been raised over license obligations The Australian Securities and Investments Commission (ASIC) has today announced that it has terminated the Australian Financial Services license of AIE Fiduciary Services, a company which provided financial product advice relating to securities, derivatives and…
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