Defendants who were unauthorized for investment pools in the UK bilked investors out of several million pounds back between 2011-2012, the Forex scheme promised returns of up to 100% in just a few short months, when in reality monies suffered heavy trading losses and used for personal expenses. Further sentencing will come on January 16th…
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Forex Weekly Look Back – Week of November 17th
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Read MoreFCA finalises rules to improve the protection of client money and custody assets
The Financial Conduct Authority (FCA) has today finalized changes to the client money and custody assets (client assets) rules. These…
Read MoreBritain’s largest fund manager fined £18.6 million for adverse risk exposure to investors
Invesco Perpetual in receipt of hefty fiscal penalty as a result of the FCA having concluded that it did not…
Read MoreShocking revelation by FCA Enforcement Director that spot FX is not regulated in the UK
Tracy McDermott has categorically stated that spot FX does not fall under FCA remit, having come to light after it…
Read MoreUS criminal prosecutors head to Britain to investigate FX rate rigging allegations on foreign soil
US criminal prosecutors have arrived in London to interview individuals away from domestic territory as government investment in the rate…
Read MoreNo hope for Alex Hope: FCA prepares to rule on flamboyant FX fraudster
In the latest development in 25 year-old FX fraudster Alex Hope’s two year contretemps with Britain’s financial authorities, the FCA…
Read MoreFCA announces intention to implement preventative measures against LIBOR manipulation
British financial markets regulator announces plans to reduce possibility of rate manipulation by traders The Financial Conduct Authority (FCA) announced…
Read MoreSantander UK receives £12.4 million penalty from FCA due to investment advice failings
UK division of European financial giant settles early with FCA to avoid fine of almost £17.7 million following FCA inspection…
Read MoreAs FCA Considers Regulation Of Social Trading Platforms, Are PAMMs Next?
Social trading innovators share perspective On MAM accounts following regulatory considerations by FCA Further to last week’s revelation by Britain’s…
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