IOSCO identifies risks to retail investors of OTC leveraged products
The International Organization of Securities Commissions (IOSCO) issued today a report that identifies various risks related to the marketing and sale of complex OTC leveraged products to retail investors, and describes how some regulators are responding to the challenges these products present.
The Report on...
More than 100 major brokers around the world offer MetaTrader 5
Recently, a number of major brokers, including ActivTrades, Just2Trade, NAS Broker and Halifax Investment Services, announced the launch of MetaTrader 5 with hedging. This trend was supported by other prominent market players: GLOBAL FX, Global Equity Brokers (GEB) and Forexer Limited. The number of...
Federal Court Orders Chicago Trader Igor B. Oystacher and 3Red Trading LLC to Pay $2.5 Million Penalty
The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Amy J. St. Eve of the U.S. District Court for the Northern District of Illinois entered a Consent Order of Permanent Injunction (Order) against Defendants Igor B. Oystacher and his proprietary trading company,...
PFSOFT makes changes to pricing for Protrader
PFSOFT, the global fintech developer of multi-asset brokerage and trading solutions, announces that it is waiving the $150,000 license fee for its B2B product line - Protrader solutions.
From now on any company that will be interested to use Protrader Multi-Asset brokerage platform will be...
CYSEC Decision Regarding Best Choice FBC Ltd
Following the announcement dated 29th September 2016, the Cyprus Securities and Exchange Commission (‘CySEC’), after a decision at the meeting dated 28th November 2016, announces that the authorisation of the Cyprus Investment Firm Best Choice FBC Ltd (‘the Company’), with number 234/14, will continue...
CFTC Orders Convergent Wealth Advisors LLC to Pay an $800,000 Civil Monetary Penalty for Fraudulent Omissions and False Statements in Connection with an Employee’s Commodity Pool
The U.S. Commodity Futures Trading Commission (CFTC) today filed an Order instituting proceedings and settling charges against Convergent Wealth Advisors LLC (Convergence), an investment advisory firm located in Potomac, Maryland. The CFTC Order requires Convergent to pay an $800,000 civil monetary penalty and prohibits...
SEC Charges Platinum Funds and Founder With Defrauding Investors
The Securities and Exchange Commission today charged the founder of Platinum Partners and two of its flagship hedge fund advisory firms with conducting a fraudulent scheme to inflate asset values and illicitly move investor money to cover losses and liquidity problems.
SEC examiners uncovered suspicious...
ICAP Energy appoints Kieran Walsh as Director of European Agricultural and Soft Commodities to launch new European broking desk
ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, announces today that it has appointed Kieran Walsh as Director of European Agricultural and Soft Commodities to launch and manage a new European agricultural commodities desk. Kieran...
SEC Charges Three Individuals and Broker-Dealer With Violating Market Structure Rules
The Securities and Exchange Commission today announced settled cease-and-desist proceedings against the CEO of a Utah-based broker-dealer and two registered persons associated with the firm for causing the firm’s violations of SEC market structure rules, and contested administrative and cease-and-desist proceeding against the firm...
FINRA Fines Deutsche Bank $3.25 Million for Deficient Disclosures Concerning the Operation of Its Alternative Trading System
The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Deutsche Bank Securities Inc. $3.25 million for failing to provide the same information to all clients of its Alternative Trading System (ATS) relating to certain ATS services and features, and for related...
