The order concerns supervision violations related to Gain’s handling of customer accounts introduced by an independent introducing broker that was subject to a prior CFTC enforcement action for fraud and other violations.
Retail FX
An online publisher would have to ensure that any financial promotion which they communicate has first been approved by an authorised person.
The ICF decision follows CySEC’s withdrawal of the Cyprus Investment Firm authorisation of the two companies.
Michael Salerno was charged with 23 counts of wire fraud and 6 counts of mail fraud in connection with multiple, elaborate fraud schemes.
About 81% of the votes were cast against a resolution to wind up the company.
Laino Group Limited d/b/a PaxForex is illegally soliciting or accepting orders for leveraged retail off-exchange forex, precious metals, and digital asset transactions from US customers without being registered with the CFTC.
EOX, Futures International, and OTC Europe will each have to pay a civil monetary penalty in the amount of $120,000.
The regulator has ordered the blackout of six new websites, which illegally offer financial services.
The administrators are awaiting confirmation from the FSCS as to when they will be in a position to accept the approved claims for processing for compensation.
The two firms topped the list of Forex dealers with most complaints during the period from July 1, 2019 to June 30, 2020.
The additional specific conditions prevent CLSAP NZ from making an offer to, or receiving further funds from, retail investors in relation to derivatives, except in certain limited circumstances.
GAIN has filed petitions with the PTAB in order to invalidate every claim of two of OANDA’s patents.
The regulator says that Herzog has failed to appear, plead or otherwise defend within the time allowed, and, therefore, is now in default.
The cancellation follows the appointment of liquidators at the broker earlier in September.
Virtually all (99.42%) of the votes cast were in favor of the proposal.
During his tenure as a Nadex member, Dominick Carducci failed to timely inform Nadex that he was a party to regulatory and criminal matters.
Anne Grim’s appointment to the Board as a Non-Executive director is effective immediately.
The rise in revenues reflects a combination of continued high levels of trading activity from existing clients and growth in the active client base.
The resolution proposed to approve a special bonus be payable to Mr. Even-Chen, in recognition of his commitment to obtain an approval from the Israel Tax Authority and the Israel Innovation Authority.
