Search Results for: NFA
EuroFX: How British Firms Built a Pyramid Scheme in China That Lost Millions
August 19th, 2016
The foreign exchange fraudsters hid in the cracks between international jurisdictions. As David Byrne ate breakfast at the Tongli Lakeview Hotel outside Shanghai one Sunday in April, an angry customer was waiting for him. Byrne, 52, is a British ...
CFTC charges Forex broker FXCM with Undercapitalization
August 19th, 2016
The CFTC Complaint, filed on August 18, 2016, alleges that FXCM, as an RFED in the business of offering or engaging in retail off-exchange foreign currency transactions, was required to maintain adjusted net capital of approximately $25 million on ...
Elliott Wave Analysis On GBPUSD And SILVER
August 18th, 2016
GBPUSD Since we can count five waves up on the GBPUSD, then current move to the upside could be blue wave b, if infact a flat correction emerges. This means that we then expect a five wave move down ...
China’s Demand for Gold and its Implications for Fiat Currency
August 17th, 2016
While financial market turmoil has led a number of countries to stock up on gold, China stands out from the rest due to the sheer quantity of gold it has purchased over the last couple of years. In 2015 ...
Former Deloitte boss launch CogitalGroup; Can be a Big Four challenger?
August 16th, 2016
After weeks of speculation, the new venture by former Deloitte global chairman John Connolly and private equity house HgCapital was officially announced on Friday, though somewhat under whelmingly given the fanfare one may expect from the birth of a ...
UK Gambling Regulator Clarifies Digital Currency Rules
August 10th, 2016
The UK’s gambling regulator has clarified its rules for digital currencies. In an update to its codes of practice issued this July, the UK Gambling Commission (UKGC) outlined how licensees can implement appropriate policies for so-called cash equivalents, a ...
Asian stocks jump to one-year highs as yield hunt spreads
August 8th, 2016
Asian stocks rose to one-year highs and the Australian dollar climbed on Monday as investors’ hunt for yield gathered momentum against a backdrop of a recovering U.S. economy and ultra-easy easy global monetary policy conditions. While the strong July ...
Dollar steady, sterling waits for BoE rate cut decision
August 4th, 2016
The dollar held steady above a recent six-week low on Thursday, while sterling stayed in a tight range with expectations running high that the Bank of England will cut interest rates for the first time since 2009 in a ...
How Pokemon Go could affect your money
July 28th, 2016
If you’re unfamiliar with the Pokemon franchise, it’s widely regarded as one of the biggest video game franchises, a series worth billions that is the brainchild of designer Satoshi Tajiri and concept artist Ken Sugimori. Tajiri’s company, Game Freak, ...
CFTC Orders Atlantas Group, Inc. and Edmund Hysni to Pay in Total $7.2 Million
July 15th, 2016
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Respondents Atlantas Group, Inc. (Atlantas) and Edmund Hysni for committing solicitation fraud in connection with options on futures contracts trading on the Chicago Board of Trade ...
