Tag: UK regulated brokers

January 07, 2014 BY Gerald Segal

UK's FCA tightens rules in 2014 for Introducing Brokers

All IB and affiliate material will need to pass more strict tests LeapRate Exclusive.... Have you ever wondered how long would it take for regulators to target a certain aspect of your business? Well, the ever growing affiliate and IB industry has just bumped into a set of regulatory scrutiny. Consequences for IB’s conducting their…

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November 28, 2013 BY Gerald Segal

UK looks at taxing spreadbetting

Leading religious and social figures in the UK push to remove the tax exempt status of spreadbetting After several years of tax exemption the UK Treasury seems to be aiming at that heaven. Lawmakers will look into spread betting after the taxing question was raised by the Archbishop of Canterbury and shadow treasury spokesman Lord…

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November 18, 2013 BY Gerald Segal

FXOpen gets UK FCA license, opens London office

New Zealand based brokerage opens a new office in London, aims to further expand into Europe True ECN brokerage FX Open, hailing all the way from New Zealand, becomes the latest to open a UK office. With the announcement today that it has opened its first physical office in London, the company aims to explore…

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September 09, 2013 BY Gerald Segal

CMC Markets loses one-third of staff, posts £2.8M loss

CMC fiscal 2013 results show a 21% drop in revenue, as the scandal revolving around CEO Peter Cruddas took its toll. Leading UK online broker CMC Markets has released its fiscal 2013 results (year-end March 31), alongside some interesting comments and admissions made by CMC Founder and CEO Peter Cruddas. Cruddas re-took the reigns as…

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April 30, 2013 BY Gerald Segal

UK's new regulator FCA takes first action against Forex fraud

Alex Hope and Raj Von Badlo charged with defrauding investors £5 million. The FCA has charged Alex Hope of Docklands, London and Raj Von Badlo of Bourne End, Buckinghamshire with 10 offences relating to a Forex investment scheme they operated. The FCA has alleged they both bilked over £5 million from investors. The charges come…

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April 02, 2013 BY Gerald Segal

UK's financial regulator FSA ceases to exist today

The UK breaks the FSA into two parts – the FCA, and the PRA. The UK's Financial Services Act 2012 goes into effect today, (technically yesterday, April 1 2013, but it was the Easter Monday bank holiday in the UK), whereby the UK's financial regulator the FSA is being broken into two parts -- the FCA,…

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January 10, 2013 BY Gerald Segal

London Capital Group revenues down 45% in 2H-2012

LCG reports continued slow trading volumes in Q4 and into this year. London Capital Group issued a Trading Update on its fourth quarter 2012, stating that it "continued to experience suppressed trading volumes in the fourth quarter". The group's revenues in the second half of 2012 totalled just £10.2 million, down 45% from £18.4 million in the…

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