Tag: managed forex trading

September 12, 2014 BY Gerald Segal

FCA issues warning on Managed Forex trading firm LEM Spreads

The UK's FCA has issued a warning regarding Managed Forex trading firm LEM Spreads and LE Management Ltd. The warning states that LEM is not authorised by the FCA, but apparently has been targeting people in the UK. LEM's website states that the company has two locations - one in the UK (in Oxford), and one…

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February 25, 2014 BY Gerald Segal

ASIC takes action against Forex Financial Services Ltd

The company (unknowingly) engaged in offering managed discretionary accounts The Australian regulator ASIC has issued a press release that details an enforceable action against online forex broker Forex Financial Services Ltd (Forex FS). An investigation which was carried out by Australian authorities has found that between March 2010 and October 2011 the brokerage has been…

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February 21, 2014 BY Gerald Segal

CFTC on the move: revoking registration of two forex related fraudsters

Veruus Wealth Management registration suspended, Arista LLC and Abdul Walji are next According to a CFTC press release the regulator has revoked registration of Colorado-based forex company Veruus Wealth Management LLC as it confirmed that the company engaged in civil theft and conversion of investments in a managed forex trading account. A Denver court has…

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