FOREX MMCIS has announced that it has canceled all pending withdrawals, and has imposed a limit of $200 on future withdrawals. Does this signal the end of the road?
Read MoreTwilight hours of the b-book? FCA thematic review criticizes brokerages on best execution
British financial regulatory authority, the FCA, has produced a thematic review which criticizes firms for not providing best execution, with internalization of order flow an area of ambiguity
Read MoreASIC gets tough on unregulated FX business: Takes a stand by shutting firm down
Australia’s national financial regulator has obtained a court order against unlicensed FX firm which promised “quick executions, low spreads, and intelligent customer-service”, but withheld profits from clients. With the firm now closed by ASIC, the investigation continues.
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