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Tag: fine

ILQ to compensate its US clients over forex hedging

Aug 14 2014 08:46:48 in Brokers

Institutional Liquidity (ILQ) LLC, an ex-US forex broker, which terminated operations in April 2014, has agreed with NFA to compensate all their former US clients who have suffered losses due to hedging. Hedging is prohibited in US. Read more

FCA Fines Barclays £26M for Manipulating the London Gold Fixing

May 23 2014 13:53:44 in Market

The Financial Conduct Authority (FCA) has fined Barclays Bank Plc (Barclays) £26,033,500 for failing to adequately manage conflicts of interest between itself and its customers as well as systems and controls failings, in relation to the Gold Fixing. Read more

Russian Forex Brokers Face End of Offshore Tax Havens

Mar 24 2014 06:51:00 in Market

If you are a trader, then you must be aware that Forex brokers often seek to establish outlets in offshore zones in order to benefit from looser tax regimes, milder registration terms and corporate secrecy procedures. Read more

FXCM UK Settles with FCA over Trade Execution Issues

Feb 26 2014 09:41:22 in Market

FXCM UK, the British subsidiary of US-based Forex broker FXCM today announced that it had reached an agreement with the Financial Conduct Authority (FCA) over trade execution flaws. Read more

CySEC Slaps Fine on Binary Options Broker Calpiaco Ltd

Jan 16 2014 12:42:17 in Market

The Cyprus Securities and Exchange Commission (CySEC) just cannot step on the brakes when it comes to imposing fines on binary options brokers. Read more

US Forex Fraudster to Pay $1.5m to Settle CFTC Charges

Jan 16 2014 08:24:58 in Market

The United States Commodity Futures Trading Commission (CFTC) has managed to obtain an order from a Federal Court in Texas that obliges Mark Rice to pay more than $1.5 million over running and benefiting from a fraudulent Forex scheme. Read more

Cypriot Watchdog Slaps Fine on iForex for Misleading Ads

Dec 30 2013 07:55:53 in Market

Cyprus Securities and Exchange Commission (CySEC), the regulator responsible for the oversight of the Forex sector on the island, has shown its big teeth again by slapping a EUR 5,000 (USD 6,900) fine on Forex and binary options broker iForex over unlawful advertising. Read more

CFTC Orders Forex Scammer from Florida to Pay $470,000

Dec 13 2013 07:39:23 in Market

The United States Commodity Futures Trading Commission (CFTC) has wielded the regulatory ax one more time and has ordered David R. Lynch, an alleged Forex fraudster for Florida, to pay more the $470,000 over numerous violations of the Commodity Exchange Act and CFTC regulations. Read more

Forex Fraudster, Scam Firm to Pay $192m after US Court Ruling

Dec 10 2013 07:29:09 in Market

A Federal Court in Austin, Texas, has ordered Senen Pousa and his Forex firm Investment Intelligence Corporation (IIC) to pay a total of $192 million over a fraudulent scheme that affected 960 traders from the United States and abroad.    The order came after a complaint by the U.S. Read more

Interactive Brokers Settle a $300,000 Fine with the NFA

Jul 10 2013 07:36:12 in Brokers

During the past few months, Interactive Brokers can't seem to catch a break: in April this year the U.S. Read more

FCA Imposes £3,076,200 Fine on J.P. Morgan

May 23 2013 13:53:55 in Market

Ever since the UK Financial Services Authority (FSA) split into two branches, people have been wondering what effect this will have on their Forex trading and business. Read more

CFTC Slaps a $225,000 Penalty on Interactive Brokers over Segregated Fund Violations

Apr 10 2013 11:29:52 in Brokers

Regulatory troubles keep piling up on the shoulders of US online brokerage Interactive Brokers. After the U.S. Read more

Alpari US cancels forex trades and removes profits

Jul 30 2012 11:16:22 in Brokers

National Futures Association (NFA) has ordered Alpari US LLC, a futures commission merchant and forex dealer Member located in New York City, to pay a $200,000 fine as a result of an NFA Complaint filed in June 2012 and a settlement offer submitted by Alpari and two of the firm's principals, Jermain... Read more

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