BaFin restricts CFD trading

The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) today issued a General Administrative Act pursuant to section 4b of the German Securities Trading...

Long Island Town and Former Top Official Charged With Defrauding Municipal Investors

The Securities and Exchange Commission today charged Oyster Bay, New York, and its former top elected official with defrauding investors in the town’s municipal...

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...

ASIC Acts Against Superfunded and the Goldenbergs SMSF Scheme

ASIC has commenced proceedings in the Federal Court of Australia and obtained interim injunctions against Perth-based Superfunded Pty Ltd (ACN 617 328 588) (Superfunded)...

CFTC’s Division of Clearing and Risk Extends No-Action Relief for Shanghai Clearing House

The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Clearing and Risk (DCR) today issued a no-action letter extending the relief provided to the...

Kara Novaco Brockmeyer, Chief of FCPA Unit, to Leave SEC After 17 Years of...

The Securities and Exchange Commission today announced that Kara Novaco Brockmeyer, Chief of the Enforcement Division’s Foreign Corrupt Practices Act (FCPA) Unit, is planning...

FINRA Sanctions Merrill Lynch $7 Million for Inadequate Supervision of Securities-Backed Leverage in Customer...

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Merrill Lynch, Pierce, Fenner & Smith Inc. $6.25 million and the firm...

MAS Cautions Investors on Risks In Trading Binary Options With Unregulated Platforms

The Monetary Authority of Singapore (MAS) today issued a warning to investors on the trading of binary options with unregulated platforms. This comes in...

Another two top brokers XM.com and IC Markets switched to MetaTrader 5

Migration of major brokers to MetaTrader 5 is well underway. On March 2017, the top industry players XM.com and IC Markets have announced the launch of...

ITG Paying $24 Million for Improper Handling of ADRs

The Securities and Exchange Commission today announced that broker ITG agreed to pay more than $24.4 million to settle charges that it violated federal...

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