Tag: forex-news

Italy’s Companies and Exchange Commission (CONSOB) today issued orders for the blocking of access to six new fraudulent investment websites, including ones operated by Fusion Fx and Magnates Trade. The websites targeted by the latest Consob orders are: “247ProTrade” (website www.247protrade.com); ItalianTrades Limited (website www.italiantrades.com and related page https://webtrader.italiantrades.com); EUFM LTD (website https://eufm.eu and related…

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The letter by Elon Musk and Tesla including complaints about the conduct of the Securities and Exchange Commission (SEC) was not met with a warm welcome by the Court. On February 24, 2022, Judge Alison J. Nathan of the New York District Court signed an order dashing whatever claims the defendants had made. In a…

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Faxon Analytics LLC has agreed to pay a fine of $40,000 for violating CME rules. Pursuant to an offer of settlement in which Faxon neither admitted nor denied the rule violations or factual findings upon which the penalty is based. Panel of the Chicago Mercantile Exchange (CME) Business Conduct Committee found that on December 20,…

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The Cyprus Securities and Exchange Commission (CySEC) announces that it has decided to withdraw the Cyprus Investment Firm (CIF) authorisation of Maxigrid Ltd, operator of brands such as Dualix and AGM Markets. CySEC reached the decision due to the company’s non-compliance with article 22(1) of the Law, in fulfilling the condition of article 17(9) of…

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FCA licensed FX, CFDs, and spreadbetting broker FINSA Europe Ltd has filed paperwork changing its corporate name to Trade Nation Financial UK Ltd. The corporate name change appears to be in lockstep with the group’s rebranding of its retail operations, from Core Spreads to Trade Nation. As we exclusively reported at the end of 2020,…

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The Commodity Futures Trading Commission (CFTC) today issued an order simultaneously filing and settling charges against Richard D. Neal of North Carolina and his company Golden Signals LLC, for engaging in fraud while acting as a commodity trading advisor (CTA) and commodity pool operator (CPO), for failing to register as a CTA and CPO, and…

Read More “CFTC imposes $2.6M in penalties on binary options scam Golden Signals” »

Charles Schwab today announced the launch of the proprietary Financial Planning Action Center, a digital platform that allows clients who work with a Schwab Financial Consultant, Schwab Private Client Advisor, or Portfolio Solutions Group Consultant to track and complete tasks within their financial plan, communicate questions, and help work toward improving financial outcomes long-term. The…

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North American Derivatives Exchange, Inc. (Nadex), which will soon have a new owner, has banned Liang Zheng for engaging in manipulative scheme to defraud Nadex Markets. On August 7, 2019, the Compliance Department sent Liang Zheng an Account Inquiry Letter requesting, among other things, general background information, source of funds information and details regarding her…

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State Street Corporation (NYSE:STT) today announced that Insights, the firm’s research platform that offers clients proprietary research, exclusive data-driven indicators and the latest market commentary from the firm’s team of global macro strategists, will begin to roll-out a broad range of new tools and functionalities in 2022 and into 2023. Insights keeps clients up-to-date with…

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