CySEC proposes enhancement to client money handling including quarterly reports, semiannual audits LeapRate

October 27, 2016 BY LeapRate Staff

CySEC proposes enhancement to client money handling including quarterly reports, semiannual audits

Cyprus financial regulator CySEC has issued a Consultation Paper regarding a proposed circular on the requirements for the safeguarding of client funds at regulated CIF entities. CySEC already requires regulated brokers to fully segregate client funds - one of the facets which saved Cyprus brokers and their clients from the 'haircut' given to all bank…

April 15, 2015 BY Andrew Saks-McLeod

BNY Mellon's London operations fined by FCA over client money failings

The FCA has fined BNY Mellon's London and international operations £126 million for failings regarding rulings on customer funds

March 23, 2015 BY Mike Fox

FXCM Australia joins other FXCM units in updated negative balances policy

FXCM Australia Limited (FXCM AU), today announced that it will be updating its Negative Balance Policy for new and existing clients in the near future. Existing clients should expect to receive more details about the updated policy in the coming weeks, which will include changes to the company's master trading agreement and notice of when…

February 04, 2015 BY Andrew Saks-McLeod

Are your funds safe when held by online brokerages? SEC cybersecurity exam of 100 broker-dealers reveals high risk

“Our examinations assessed a cross-section of the industry as a way to inform the Commission on the current state of cybersecurity preparedness. We hope that investors and industry participants will also benefit from what we have learned.” - SEC senior executive Andrew Bowden.

Tag: client money