Wikipedia ‘moderators’ interfering with facts about FXCM are blocked as editors – FinanceFeeds research

Wikipedia blocks paid moderators who are actively working for FXCM to adapt facts in impartial online encyclopedia

It has been quite some time since regulatory authoriites in the United States embarked upon an activity that would change the face of the entire retail FX business in North America, that being the ban which was imposed on FXCM and its senior executives, removing what was one of the world’s largest and most widely renowned retail electronic brokerages from its home market.

Today, FXCM is not much more than a shell, its metamporphosis into Global Brokerage Inc having decimated its standing everywhere in the world, with the exception of mainland China, where FXCM is still a major retail FX tour de force.

FinanceFeeds has, during the course of the chain of events that ensued, documented the litigation, corporate direction and series of occurrances that have formed the vast and detailed aftermath of the dismantling of the firm in its original format, and today, further aspects of interest have arisen.

These days, corporate image via online visibility is a very considerable factor for business across all sectors, especially for those with an international audience and a product which is provided and serviced online.

Today, FinanceFeeds spoke to a Wikipedia editor in Europe, who provided full details of his pseudonym and professional remit within Wikipedia’s moderation team.

This particular editor explained that according to his findings during his daily duties, “Multiple editors from FXCM have been editing the Wikipedia article (about FXCM – Ed) and making both hidden and open denials of the facts or more usually just spinning the facts”.

The Wikipedia editor continued “They’ve been caught red handed breaking our rules and 4 of them including somebody who declared that they were a PR agent working for FXCM have been blocked from editing the site.”

According to sources within Wikipedia, one especially interesting statement from the declared PR agent, who was also a paid Wikipedia moderator at the time, is that “Thousands of people across the world search for “FXCM” on a monthly basis. Using a phrase like “Booted out of the United States” instead of “ceased trading in the United States” is extremely damaging for obvious reasons, and to use it in the first couple of sentences means it appears in Google’s knowledge graph.”

Wikipedia, according to its own records, has taken action against this and blocked certain moderators.

Wikipedia then put up a notice stating that the moderator in question, Lqdr, in accordance with the Wikimedia Foundation’s Terms of Use, discloses that they have been paid by Independent PR Consultant on behalf of FXCM for their contributions to Wikipedia.

“I am an independent PR consultant who is working with FXCM Incorporated on numerous freelance projects. I am interested in understanding more about Wikipedia and the governance of the WP:Policies_and_guidelines that help shape the community. Please feel free to direct message me for more information about my professional affiliation” says the statement.

When searching for the user credentials of Lqdr, Wikipedia displays a landing page denoting that the user is now blocked.

The differences between the two versions are listed here , on Wikipedia’s dispute resolution board, and indeed whilst Wikipedia has been relatively exhaustive in its procedure in dealing with this matter, it is clear that the practice is one which has prevailed.

Read this next

Digital Assets

Centralized exchanges are 10 times more popular than DEXs in Western Europe

Western European traders are found to prefer centralized exchanges over decentralized ones as CEX traffic outpaces DEXs by a factor of ten.

Market News

Stock Market Analysis: Is NVDA Losing Its Leadership?

Since the beginning of the week, the S&P 500 Index (US500) has seen a modest increase of about 0.58%, whereas NVDA’s share price has experienced a decline of approximately 3.8%. This recent divergence raises concerns among Nvidia stock investors — could it signify a loss of NVDA’s market leadership?

Industry News

ESG: Australian regulator wins first greenwashing court case against Vanguard

Vanguard admitted that a notable portion of the securities within both the Index and the Fund did not undergo the promised ESG scrutiny.

Fintech, Uncategorized

BitMEX integrates HALO from Solidus Labs for cross-market surveillance

““The recent approval of the Spot Bitcoin ETF has piqued the market’s interest. As a result of price volatility, the trading volumes for crypto derivatives have gone up substantially. HALO, with its advanced technology and crypto-native detection architecture, will enable BitMEX to smoothly and safely scale trade surveillance across its increased trading volumes and provide the necessary safeguards for new product launches.”

Reviews

IUX Broker Review

IUX, recently rebranded from IUX Markets, stands as a multi-asset Forex broker recognized for its regulatory compliance across various jurisdictions.

Industry News

Horizon Software rebrands to Horizon Trading Solutions

“Horizon Trading Solutions has seen accelerated global growth over the past year to meet the rising demand for our trading solutions and built-for-purpose technology offering. The choice to rebrand represents a key part of this development, while maintaining our heritage and history in the industry.”

Market News

USDJPY has surged to levels last witnessed in 2022. Should we consider opening a short position?

The recent resurgence of the US dollar has propelled USD/JPY to new heights, touching levels not seen since 2022. This surge comes against the backdrop of stable short-term yields and ongoing economic data that fails to signal a significant slowdown, prompting questions about the extent of current monetary easing measures.

Digital Assets

DED Trends on Twitter After Memecoin Snapshot Announcement

Polkadot-backed community coin #DED, made it to the trending charts on X, demonstrating community’s engagement and interest behind the memecoin. 

Digital Assets

BlockDAG Presale Nears $10 Million Amid Toncoin’s Momentum, Green Bitcoin’s Presale, and the Rise of Other Top Cryptos

This article will examine three top trending topics: Toncoin’s potential, Green Bitcoin’s innovative presale, and BlockDAG’s sustainable mining approach. These cryptocurrencies take centre stage for their uniqueness and innovation.

<