FSCS mentions Alpari (UK) only once in annual report for 2016/17
The single mention concerns the sum of money recovered from estates of Alpari (UK), failed Icelandic banks, London Scottish Bank, Keydata Investment Services, and MF Global.
Retail FX
GAIN Capital Payments updates on shareholding of US parent GAIN Capital Holdings Inc
GAIN Capital Holdings Inc remains a person with significant control for GAIN Capital Payments, which operates as ForeignExchange.com
Global Brokerage (ex-FXCM Inc) builds “mega” defense in “mega” lawsuit
Israel Dahan of King & Spalding LLP to represent all 19 defendants, including Global Brokerage, Drew Niv and William Ahdout.
ASIC may get extra powers to access telecommunications intercepts
The ASIC Enforcement Review Taskforce proposes to make ASIC a recipient agency.
Jobs & Investment fraud results in $1 million in losses to Australians in one week
Australians report having lost $1 million due to jobs & investment scams in the week to July 16, 2017.
Interactive Brokers’ market making segment feels impact of options business wind-down
The market making segment registered a $24 million loss in Q2 2017, reflecting the halt of options market making activities.
IG plans for UK’s exit from EU, develops MTF for European market, notes regulatory concerns
IG says good progress is being made in obtaining regulatory approval for a subsidiary based in the EU.
Why market depth has just taken on fresh significance for MT5 ‘brokers’
For those OTC instruments listed on MT5, the depth of market measure has to work differently by proactively allowing resting stop and limit orders to be placed. This enables users to take full advantage of price movements, rather than just seeing orders rejected in full, owing to insufficient market depth, says Andrew Wood of CMC Markets in Australia
GMO-Z.com Securities obtains Thai securities business license
The business is set to start full-scale operation in November 2017.
TradeStation changes corporate image, launches new trading show to attract younger customers
A refreshed logo, a redesigned education center and a brand new equity trading show are some of the novelties at TradeStation.
Russia gets closer to blocking foreign Forex brokers’ websites
The new measures are outlined in a bill drafted by the Ministry of Сommunications and Mass Media.
Australians lose $13.3 million to investment scams in H1 2017
Scamwatch data shows the number of investment fraud reports reached 910 in the first six months of 2017.
Judge grants Effex Capital, John Dittami another time extension to respond to complaint in FXCM case
One of the court battles against FXCM, Global Brokerage, Effex Capital, and their principals is set to develop in the fall instead of the summer.
AUSTRAC detects “potential vulnerability” around foreign-owned retail CFD/FX brokers with Australian licenses
The large majority of CFD/FX providers registered with ASIC do not submit suspicious matter reports to AUSTRAC.
Interactive Brokers’ Covestor set to change its name
Covestor’s new name will be Interactive Brokers Asset Management.
CFTC keeps looking for Tallinex, court sends summons to St Vincent and the Grenadines address
The summons to Tallinex’s Estonian address was sent in June and there has been no answer at this point.
Australian client money rulings: Don’t get caught by ASIC for untimely reconciliation and reporting
Proposed rulings by ASIC follow the increasingly stringent line by the Australian regulator with regard to how client monies are handled, reported and reconciled by ASIC regulated retail FX brokerages – We look at what this means
NFA seeks to keep FXCM complaint and news release public
The lawsuit brought by Effex Capital against NFA is turning out to be a case about availability of information on the Internet.
Russian Forex pyramid architect moves to blockchain seminars
About a month after having been released from jail, Kalinichenko exchanges FX business for blockchain seminars.
