Search Results for: FC Exchange
SFC reprimands and fines FXCM Asia Limited HK$4 million
October 19th, 2016
The Securities and Futures Commission (SFC) has reprimanded and fined FXCM Asia Limited (HK FXCM) (now known as Rakuten Securities Hong Kong Limited) HK$4 million for regulatory breaches in relation to its order execution practice for foreign exchange (Forex) ...
LMAX Exchange expands in the US with the launch of a New York-based exchange
September 27th, 2016
LMAX Exchange, the leading MTF for FX, today announced the expansion of its global infrastructure with the launch of its North American matching engine in the Equinix International Business Exchange™ (IBX®) data centre in New York (NY4). The LMAX ...
CFTC charges company and individual for Illegal Off-Exchange Precious Metals Transactions
September 21st, 2016
The U.S. Commodity Futures Trading Commission (CFTC) filed a civil injunctive enforcement action in the U.S. District Court for the Southern District of Florida against Florida-based Defendants KB Concepts Group, LLC d/b/a Apex Asset Advisors, LLC (Apex) and Kelvin Burgos, Apex’s president, ...
SFC reprimands and fines HSBC $2.5 million for regulatory breaches
September 14th, 2016
The Securities and Futures Commission (SFC) has reprimanded and fined The Hongkong and Shanghai Banking Corporation Limited (HSBC) $2.5 million for regulatory breaches and internal control failings related to position limit failures. The disciplinary action follows an SFC investigation ...
SFC reprimands and fines Morgan Stanley
August 25th, 2016
The Securities and Futures Commission (SFC) has resolved its concerns with Morgan Stanley Hong Kong Securities Limited (MSHK) over its internal control failures. Under the resolution, the SFC reprimanded and fined MSHK $18.5 million for breaches of the Code ...
Foreign exchange trade suspension in Nigeria; Investors dump shares of Nigerian banks
August 25th, 2016
Investors sold shares in Nigerian banks on Wednesday, a day after the central bank suspended nine lenders from foreign exchange transactions for failing to remit money owed to the government. The central bank suspended FCMB, First Bank, United Bank ...
FCA UK regulated forex trading provider IKON restructures to MEX Group
July 11th, 2016
Mr. Naser Taher, the Chairman of MultiBank Exchange Group, announced the restructuring of the Group under a new trademark name of “MultiBank Exchange Group” (“MEX Group”), with a new holding company based in California, USA. As part of the ...
CFTC ordered a $2.4 Million penalty for Illegal Off-Exchange Precious Metals Transactions
June 21st, 2016
The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Beth Bloom of the U.S. District Court for the Southern District of Florida granted the CFTC’s motion for entry of final default judgment Order against Defendants Harvard Assets LLC (Harvard ...
INTL FCStone Ltd.’s Global Payments Division reports increase in cross-border payments
June 14th, 2016
Facilitated ~101,000 payments in CY Q1 2016; an increase of ~14% vs. CY Q1 2015 Signed 500th institutional client in CY Q2 2016 Transferred more than $22 billion in payments in CY 2015; on track to increase in 2016 INTL FCStone Inc. (NASDAQ: ...
CFTC Orders Bitcoin Exchange Bitfinex to Pay $75,000
June 3rd, 2016
CFTC Orders Bitcoin Exchange Bitfinex to Pay $75,000 for Offering Illegal Off-Exchange Financed Retail Commodity Transactions and Failing to Register as a Futures Commission Merchant The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously ...
