Search Results for: One Financial Markets
Civil enforcement action filing in $4.75 Million Forex Ponzi Scheme
September 23rd, 2020
The Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action in the United States District Court for the Middle District of Florida against 10 defendants in a multi-level $4.75 million off-exchange foreign currency (forex) Ponzi ...
Inflation, deflation and other fallacies
September 15th, 2020
There can be little doubt that macroeconomic policies are failing around the world. The fallacies being exposed are so entrenched that there are bound to be twists and turns yet to come. This article explains the fallacies behind ...
FCA publicly censures former Worldspreads CEO for market misconduct
September 14th, 2020
The Financial Conduct Authority (FCA) published a Final Notice in respect of Conor Foley, the former Chief Executive Officer of Worldspreads, publicly censuring him for market abuse and banning him from performing any roles linked to regulated activity. The ...
Here we go again
September 7th, 2020
For the past few years, the US financial system and the Fed have been playing a game of chicken in which the Fed tries to tighten (or at least stop easing) and the stock market behaves like an addict ...
Individuals and companies charged in $165 million global Binary Options fraud scheme
September 4th, 2020
The Commodity Futures Trading Commission (CFTC) announced on 02 September, 2020 the filing of a civil enforcement action in the U.S. District Court for the Western District of Texas charging six individuals and four companies with operating a fraudulent ...
A critique of modern socialism
September 2nd, 2020
Socialism has moved on from the Marxist version of the state owning the means of production to one whereby production remains in the hands of individuals but are heavily regulated — echoing Mussolini’s fascist-socialist model. But after nearly ...
Doubling down on failed policies with central bank digital currencies
August 27th, 2020
Many central banks are researching retail digital currencies, which if implemented, would allow them to issue a new currency directly to the public, managed on a centralised ledger bypassing commercial banks. While there is an element of feeling the ...
Cryptocurrency to get pan-European legal framework
August 24th, 2020
In the fall, the EU Commission is set to complete its work on digital finance, and the result will be a clear definition for cryptocurrency in European law. “Lack of legal certainty is often cited as the main barrier ...
An unexpected systemic crisis is for sure
August 18th, 2020
Downturns in bank credit expansion always lead to systemic problems. We are on the edge of such a downturn, which thanks to everyone’s focus on the coronavirus, is unexpected. We can now identify 23 March as the date ...
Interactive Brokers LLC to pay more than $12 million for AML and Supervision violations
August 17th, 2020
The Commodity Futures Trading Commission (CFTC) filed and simultaneously settled charges against Interactive Brokers LLC, a registered futures commission merchant (FCM), for failing to diligently supervise its officers’, employees’, and agents’ handling of several commodity trading accounts and failing ...
