Search Results for: Forex
Staff of a Forex trading firm continue to be held hostage in alleged extortion attempt
July 25th, 2017
USGFX: Australian currency trader staff in Shanghai held hostage in alleged extortion attempt Three Chinese and Taiwanese staff members from an Australian foreign exchange trading firm continue to be held against their will in a Shanghai office, in an ...
BNP Paribas fined millions for unsafe practices in the Forex markets
July 18th, 2017
Federal Reserve Board announces $246 million fine against BNP Paribas S.A. and certain of its U.S. subsidiaries for unsafe and unsound practices The Federal Reserve Board on Monday announced that it will fine BNP Paribas S.A. and certain of ...
Early Forex review: Dollar strengthens; Japan currency holds losses
June 16th, 2017
Asia Stocks Mixed as Weaker Yen Lifts Japan Shares Dollar strengthens as data supports Fed’s views on economy Japan currency holds losses after BOJ leaves policy unchanged Asian stocks were mixed, with shares in Japan advancing as the yen ...
Forex provider restricted to carry on all activities for which it is licensed
June 13th, 2017
The Securities and Futures Commission (SFC) today issued a Restriction Notice on IDS Forex HK Limited prohibiting the firm from carrying on all activities for which it is licensed, disposing of or dealing with any assets held by it ...
HSBC faces fresh legal battle over forex manipulation allegation
June 7th, 2017
HSBC is facing a fresh law suit over allegations of forex manipulation. The bank’s traders are being accused of manipulating the markets for their own profit more than a decade ago, according to the Financial Times. ECU Group, a ...
CFTC charged Tallinex with Fraud and Failure to Register as a Retail Forex Dealer
June 6th, 2017
CFTC Charges Estonian Company Tallinex with Fraud and Failure to Register as a Retail Foreign Exchange Dealer and Nevada Company General Trader Fulfillment with Failure to Register as an Introducing Broker The U.S. Commodity Futures Trading Commission (CFTC) announced ...
BNP Paribas to pay a $350 million fine for illegal conduct in Forex trading
May 25th, 2017
DFS fines BNP Paribas $350 million for illegal, unsafe and unsound conduct in connection with BNPP’s foreign exchange trading business Foreign Exchange “Cartel” Manipulated Foreign Exchange Rates, Engaged in Collusion, Executed Fake Trades, Coordinated Trading to Enhance Profits at ...
U.S. firm to launch sale of digital token for forex trading
May 18th, 2017
Fintech Investment Group, a U.S.-based commodity trading adviser, plans to launch an initial coin offering in June for its own token that allows investors to trade currencies on a digital platform, company founder Alan Friedland said. The new digital ...
Forex firm shut down for fraud, CEO jailed, but now open again and seeks investments
May 11th, 2017
MMA Forex which duped hundreds out of millions of dirhams seeks investments all over again as CEO returns after more than 3 years in jail Nearly five years after it was shut down and its Pakistani CEO subsequently convicted ...
Report: Unauthorised forex trader’s collapse may cost punters half billion
April 27th, 2017
The reported collapse of the JJPTR scheme may cause “investors” ― including from Malaysia ― previously promised steady monthly 20 per cent dividends to collectively lose RM500 million. JJPTR’s founder Johnson Lee, whose Penang-based forex trading company claimed its ...
