Paul Robson faces sentencing in 2017 for rigging LIBOR, representing the first trader to face a ban, which could be followed up with a criminal conviction in the UK, along the same lines as the one already on his record in the US
Read moreAn official notice was released this week from the European Securities and Markets Authority (ESMA). It states that the supervision of automated trading has become more convergent across the European Union (EU), in which a recent review by the pan-European regulator headquartered in Paris has found. ESMA reviewed how the 30 national competent authorities (NCAs)…
Read moreCySec has issued a warning that Cedar Finance is not authorized to operate as it did not comply with the prerequisites for license activation, however the firm now operates under the holding firm of PM Investment Capital, whereas last year its license was revoked when operating as T.B.S.F
Read moreValidating matters discussed by LeapRate in recent weeks, ASIC has issued a full report on cyber security, clearly exposing exactly the methods used by hackers that LeapRate highlighted, after ASIC conducted extensive research on the subject
Read moreA look back at the most intriguing and popular Forex industry news stories from the past week at LeapRate. To make sure that you receive timely access to all LeapRate news, sign up to our Daily Forex Industry Newsletter on the right... → Heron Tower broker raid | https://www.leaprate.com/6kifY Saxo Bank Head of Markets Claus Nielsen…
Read moreThe Financial Conduct Authority (FCA) has been rather active lately in cautioning the public about clone firms. The latter usually abuse a trademark, emulate a name of a firm, its services and websites, in order to fraudulently benefit from the established reputation of a regulated entity. Earlier today, the UK watchdog published a warning about…
Read moreU.S. Commodity Futures Trading Commission (CFTC) Commissioner Sharon Y. Bowen today announced the members of the CFTC’s Market Risk Advisory Committee (MRAC). Commissioner Bowen is the sponsor of this advisory committee. “I am very pleased with the breadth and depth of talent that will be present on the Committee. Our members bring valuable expertise and…
Read moreFxPulp's license has been suspended by CySec, with a 10 day period having been provided for the firm to comply with irregularities highlighted by the regulator. During this period, the firm must return client funds and profits
Read moreThe Financial Conduct Authority (FCA) considers that automated copy trading constitutes portfolio management and is defined as such under MiFID, therefore subject to regulation on that basis, however following signals and executing trades manually is not categorized as portfolio management
Read moreEver expanding retail FX company IronFX has been granted a license from the Italian financial regulator, paving the way for the opening of an office in Italy to further expand European presence
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