Tag: MiFID

October 31, 2013 BY Gerald Segal

UK forex brokers concerned about influx of other EU 'MiFID' brokers

The regulatory system allowing financially regulated companies to register cross-border in the EU has UK players worried. An interesting article in today's Financial Times points out that many established UK-based, FCA-regulated brokers are concerned about the growing number of 'passport' brokers from other EU countries setting up shop in London. The article points out that 45…

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June 17, 2013 BY Gerald Segal

CySEC warns investors about Aston Markets

Aston Markets, based in Bulgaria, claims to be licensed by CySEC but apparently isn't and never was. Cyprus financial regulator CySEC has sent out a release warning investors against Sofia, Bulgaria-based Aston Markets. On its website, Aston Markets claims that it is "licensed by CySEC, regulated under MiFID, as well as the FSA, BdF, CONSOB, CNMV, and BaFin. [Google translation…

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