“As more and more investors consider using AI tools in making their investment decisions or deciding to invest in companies claiming to harness its transformational power, we are committed to protecting them against those engaged in ‘AI washing’.”
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All the latest news from the Forex and CFD industry, including brokers, exchanges, fintech, and regulatory actions.
Similar to the SEC’s controversial handling of the Debt Box case, which was eventually dismissed, the My Forex Funds case may exemplify the potential for regulatory overreach and the need for legislative action to ensure that regulatory agencies operate within the confines of U.S. law.
As part of the enforcement action, JP Morgan Chase is now restricted from onboarding new trading venues without receiving prior written non-objection from the Reserve Bank.
Investment fraud is prevalent and increasingly sophisticated, affecting investors across the country. It’s more crucial than ever for people to safeguard their financial interests by learning more about current scams, and verifying sources of investment information.”
We’re pleased to announce the launch of our Traders and Education portals. New and experienced traders can get free access to daily and weekly market analysis and educational resources to guide them on their investing journey.
“Every day, investors turn to broker-dealers in the markets—often through brokerage apps—to build a better financial future. How do you know, however, the quality of the broker’s execution of your order?”
The publication serves a dual purpose: educating traders about common dispute scenarios and their resolution, and helping brokers enhance their services.
ASIC said that Prospero holds substantial client funds and is concerned about seeing these returned to clients as a priority. The Australian regulator considers that the best way to secure the efficient return of funds to clients is the appointment of liquidators.
In an absolutely shocking turn of events that nobody could have possibly seen coming, the Australian Securities and Investments Commission (ASIC) has bravely stepped forward to reveal that, yes, those videos of Elon Musk passionately endorsing a cryptocurrency exchange are as fake as a three-dollar bill.
“If your friend told you to download an app, and you saw it in the app store with good reviews, you might assume everything on it was legitimate. In before, you saw MetaTrader’s logo which looks like three men in suits jerking each other off under a table – an appropriate metaphor for cryptocurrency if I have ever seen one,” Oliver quipped.
“Complex licensing practices by MDVs and trade data providers who deliver their data through MDVs increase costs for data users. Many Market Data Vendor (MDV) users have to hold licences both from the data generator (such as a trading venue) and from the MDV through which they access data. We have seen an increasing proliferation of licences for similar data types and different use cases. Complexity also drives additional costs for data users, such as operating a compliance team.”
“We found a lack of informative podcasts talking about digital fraud threats and prevention for business owners. So, we decided to dive in and share our expertise along with industry top minds in the ‘What The Fraud?’ podcast.”
“Reducing and preventing serious harm is a cornerstone of our strategy. By delivering faster, targeted and transparent enforcement, we will reduce harm and deter others. We will also make greater use of our intervention powers to stop harm in real time.”
“Our vision of a neutral industry platform for digital transformation, to swiftly enable access to the world’s most innovative fintechs, is shared by every single C-level executive we’ve spoken with for the past four years, and their support energizes our pursuit of a unified ecosystem.”
Global leader Exness, tops in retail trading volume, earns 2024 “Best Place to Work” award, cementing its employee-centric culture after three prior years of winning the Cyprus national title.
Since the modernization of the FCA’s qui tam provisions in 1986, whistleblower-initiated actions have led to the recovery of over $52.7 billion, showcasing the substantial impact of these efforts on combating fraud. However, there has been criticism directed at the DOJ for not intervening in or dismissing robust whistleblower cases, as well as for not implementing the confidential reporting requirements mandated by the Anti-Money Laundering Act of 2020.
Fincentric is S&P Global’s digital solutions provider focused on developing mobile applications and websites for retail brokerages. Visible Alpha delivers comprehensive consensus data, sell-side analyst models, and analytics.
“There’s no doubt that protecting the environment for future generations is the number one most pressing challenge for individuals, businesses and governments today. Financial institutions will play a crucial role in the transition to a green economy. For banks in particular, efforts to reduce their impact on the environment and promote good governance and social responsibility are going to be more and more important in the near future.”
NYAG Letitia James has been at the forefront of legal actions against several cryptocurrency companies, demonstrating her office’s commitment to protecting investors and maintaining market integrity.