Morgan Stanley, Citigroup Charged With Misleading Investors About Forex Trading Program
January 25th, 2017
The Securities and Exchange Commission today announced that Morgan Stanley Smith Barney and Citigroup Global Markets have agreed to pay more than $2.96 million apiece to settle charges that they made false and misleading statements about a foreign exchange ...
Second Forex Dealer pleads guilty to conspiring to fix prices in the FX market
January 13th, 2017
A foreign currency exchange (FX) dealer became the second person to plead guilty to conspiring to fix prices in the FX market, the Justice Department announced today. According to the one-count information filed in the U.S. District Court for ...
Three traders were charged with conspiring in forex rigging probe
January 11th, 2017
The U.S. Justice Department on Tuesday brought charges against three former traders at JPMorgan Chase & Co, Citigroup Inc and Barclays Plc arising from a global probe into the manipulation of foreign exchange rates at major banks. Richard Usher, ...
Company and individuals to pay over $11.6 million for Forex Fraud Scheme
January 10th, 2017
Federal Court Orders Defendants EJS Capital Management, LLC, Alex Vladimir Ekdeshman, and Edward J. Servider to Pay $11.6 Million in Sanctions for Forex Fraud Scheme Relief Defendants Alisa Ekdeshman, Executive Services of Florida, LLC, Executive Management of Montana, Inc., ...
The Federal Reserve Board permanently prohibited former Forex (FX) trader
January 5th, 2017
The Federal Reserve Board on Wednesday announced it is permanently prohibiting Jason Katz, a former foreign exchange (FX) trader at Barclays PLC and later at BNP Paribas SA, from participating in the banking industry, because of his actions to ...
Man arrested for an allegedly $300 million Forex Ponzi scheme scam
January 4th, 2017
The arrest of a man who allegedly peddled a $300 million (Dh1.1 billion) Ponzi scheme as a foreign currency trading programme has come as a ray of hope for residents, many of whom have lost their entire life’s savings ...
Native English Forex Sales Account Manager
December 29th, 2016
Native English Forex Sales Account Manager Reference Number: AM_2016 XM, a CySEC regulated international investment company, is seeking to recruit a high calibre, self-motivated professional to join its Sales team! The key responsibilities of the role include: Promoting the ...
The decline in global forex trading
December 29th, 2016
Few surveys chart financial history and the changing structure and activities in financial markets as well as the Bank for International Settlements’ Triennial Central Bank Survey of foreign exchange and over-the-counter derivatives. The 2016 Triennial survey covers the period ...
Individual charged for soliciting at least $906,000 in a Forex fraud
December 29th, 2016
The U.S. Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the U.S. District Court for the Southern District of New York, charging Brett G. Hartshorn of Sarasota, Florida, with fraudulently soliciting and/or managing at least $906,000 ...
China regulator busts illegal forex transactions worth $2.7 billion in Shanghai
December 28th, 2016
China regulator busts illegal forex transactions worth $2.7 billion in Shanghai China’s foreign exchange regulator said on Wednesday it busted illegal transactions totalling $2.7 billion in Shanghai in cooperation with the police in 2016, and suspended three unnamed banks ...
