In the largest ever fiscal penalty for improper conduct ever administered by British regulatory authorities, five global banks which operate from London have been found liable following a 13 month investigation regarding FX benchmark manipulation
Read moreBritain's regulatory authorities have discovered that the website www.KAMforex.com offers services to retail investors by falsely imitating Kingsley Asset Management, a long-established FCA regulated firm
Read moreFollowing an observation that the FCA had sidelined its pursuit of insider trading in favor of dedicating resources to the FX rate manipulation cause, the regulator has now resumed its Operation Tabernula, with former Moore Capital trader Julian Rifat admitting responsibility for netting £250,000 illegally
Read moreUK's FCA issues a warning over the firm calling themselves Prime Financial Management Services Limited
Read moreThe practice of cloning is alive and well among unregulated entities wishing to dupe clients from the Asia Pacific region into investing on the premise that they are becoming a client of an established London-based company. The FCA has pointed out yet another example of imitation, and advises caution
Read moreFraudsters are using or giving out the following details of two FCA regulated and authorized brokers below as part of their tactics to scam people in the UK and around the world. Both sites seem to be targeting unsuspecting Chinese traders. Clone firm details - Name: PMG Forex (clone of FCA authorised firm) - Email:…
Read moreLondon's financial landscape is evolving as the FCA embarks on encouraging technological innovation
Read moreThe FCA has put an end to the legality of FX firms retaining unclaimed client money as their own, with Alpari being among the first to act on the new rulings and amend its contract terms to reflect donation of monies in dormant accounts to be donated to charity.
Read moreBritain's financial markets regulator has made a public warning that B2S Forex is soliciting UK clients whilst falsely claiming to be authorized by the FCA
Read moreFirst reported by Bloomberg early Tuesday, Dutch lender Rabobank said it has placed two of its London staff on paid leave following an internal investigation into the bank's currency trading practices. "Rabobank can confirm that following an internal review of FX trading activities, two employees of its London branch have been put on paid leave…
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