Next steps? Banks likely to line up to be the first to tattle, to get the best deal with regulators The passing year will remain in history as a dire one for the financial industry. First it was the Libor fixing rate, it was closely followed by the foreign exchange markets fixing probe and concluded…
Read moreCurrent co-CEOs will split roles - Doron Cohen to be Chairman, Ran Strauss - CEO Leading provider of platform technology for forex brokerages and financial institutions Leverate has announced that it is starting 2014 with a management restructuring at the top level. Until the 1st of January Doron Cohen and Ran Strauss will keep running…
Read morePiotr Smirnow and Patryk Surmacki, who have acted as affiliates for a variety of forex and binary brokers, jailed 5+ years in the UK for blackmail. Two Polish men, Piotr Smirnow and Patryk Surmacki, pleaded guilty yesterday in a UK court to blackmailing an online casino owner, and were each sentenced to 5 years and 4 months in jail. Smirnow…
Read moreZoneOptions parent Rodeler Limited has acquired 24Option. LeapRate Exclusive... LeapRate has learned that two regulated binary options brokers -- ZoneOptions and 24Option -- both operating under the TechFinancials platform have effectively merged, although it appears that both will continue to operate under separate brands and websites. ZoneOptions' CySEC-licensed parent company, Rodeler Limited, has acquired 24Option…
Read moreCedar was late in filing paperwork with CySEC, and in any event is focusing on Asia. Seems as though CySEC licensing isn't all its cracked up to be for binary options brokers. Cedar Finance, one of a handful of binary options brokers to receive CySEC licensing in the past few months, has now seen its…
Read moreNew Bank Of England £5 and £10 denominated polymer banknotes in circulation Chances are that you are already acquainted with plastic legal tender notes (or the fancier name polymer banknotes) since they are already widely adopted in many countries around the world including Australia, Israel, Canada, Malaysia and New Zealand. Well the United Kingdom is…
Read moreBitcoin was shattered by Chinese news again, so why is this good news for the community in the long run? It has happened – Chinese authorities have taken all the series of steps to completely discourage the use of the digital currency in the country for whatever reason. First they declared it as a speculative…
Read moreThey operated a fraudulent commodity pool soliciting $ 18 million from investors over three years What’s the best time to pull off a forex scheme? – In the aftermath of the greatest financial crisis of modern times of course! That might be an answer in an interview with Philip Leon and Paul Rangel, because that’s…
Read moreBeta testing mode now available, full launch about February 2014 Competition has just gotten harsher in the binary options platforms space. We have a new kid on the block and it is definitely not one to be underestimated considering the amount of innovation we have observed for the past year from the company behind it. UK based platform provider…
Read morePromoting inaccurate rates of return, grossly overstated assets under management, lying to the NFA… The National Futures Asscoiation has taken an emergency enforcement action against Illinois firm Novo Trading LLC, which is a registered NFA member and commodity trading advisor (CTA) and Thomas Henry O’Connell Jr., a principal and associated person of Novo. The action…
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