Following the closure of its operations, one of the largest binary options brands in the world has now renounced its CySec license
Following 5 years of investigations by litigators, law enforcement agencies and regulatory authorities, former CEO of failed electronic trading firm MF Global, Jon Corzine, has settled with the CFTC for $5 million, and accepted a ban on trading client money or other assets under the CFTC’s jurisdiction
Under Timothy Massad’s leadership, the CFTC worked to ensure clearinghouses are stronger and more resilient through enhanced risk surveillance, new supervisory stress testing, as well as proposed rules to guard against the risk of disruption caused by automated trading
This day in history: December 9, 2014 – IBFX gets $600,000 fine for failing to meet net capital requirements. Now they’re gone
Undercapitalization is a no-no as far as CFTC and NFA rules are concerned. Two years ago today, IBFX found itself in receipt of a $600,000 fine for failing to meet capital requirements, which was followed later by a further fine for warehousing and trade execution deficiencies, topped off by another $1 million fine earlier this year for undercapitalization. The company no longer operates in the United States
We plumb the depths of a false advertising campaign which sets out to dupe customers into a fraudulent binary options scheme by promising very high returns and using Apple Appstore to normalize the experience. The firm itself, operated by convicted fraudsters, is notorious. We approach CySec and receive a very interesting response
If even Belize will not license firms with a history of malintent, why does Cyprus continue to entertain them? – Op Ed
A comprehensive look at the actions of other jurisdictions with regard to nefarious binary brands and retail B-bookers that have a less than enviable history, and how CySec continues to uphold their licenses as Belize cans the license of Banc de Binary.
There are a number of brands and platform providers and market makers that are still succeeding in generating a large proportion of revenue by ripping off American customers, despite the strict laws against it.
BinaryOption.com , one of the largest binary options trading firms in the world, has today closed down, transferring all […]
Binary options ‘industry’ takes last gasp – forms unofficial band of back street lobbyists as future dwindles
A good look at why this morning’s secret meeting of binary options brand and platform/market maker […]
“We are excited to be registered. Seed SEF is looking forward to continuing its work with agricultural producers, processors and manufacturers on risk management services for the emerging agricultural products that consumers around the world are embracing.” – Brian Liston, Seed SEF LLC.
The CFTC cites that on January 15, 2015 when the SNB removed the 1.20 peg on the EURCHF pair, FXCM admitted it had a shortfall of at least $200 million under its adjusted net capital requirement, meaning FXCM had liabilities exceeding its assets by approximately $175 million.
This day in history: August 5, 2011 – FXCM UK fined $140,000 by CFTC for acting as RFED counterparty to US clients
We take a look back at “This day in history” within the world of FX taking a journey through annuls of time to look at the various groundbreaking developments that continue to take place in our fascinating industry.
Despite lawsuits and warnings from the CFTC, OTC binary options firms continue to sell to American customers, a practice that is illegal in the United States
The Commodity Futures Trading Commission has opened a law suit against 3Red Trading LLC and its Founder Igor Oystacher in…
The Securities and Exchange Commission (SEC) yesterday announced the launch of an online tool to help companies calculate registration fees…
Today, the Financial Stability Oversight Council voted unanimously to release a public update on its review of potential risks to…
EquiLend, the securities lending platform owned by a notable consortium of BlackRock, GoldmanSachs, Credit Suisse, JP Morgan Chase, BofA Merrill…
US regulatory authority awards whistleblower more than $10 million for successful enforcement action
The United States is renowned worldwide as a jurisdiction in which the customer comes first, and today’s announcement by the…
IBFX hit for $1 million fine by CFTC for another dip below minimum capital requirements: Was the firm struggling before its exit?
Just two weeks after IBFX exited the US market, selling its entire clientbase of approximately 2,000 North American customers which…