Gold Holds Bid Before Powell, Bulls Try Channel Top
Gold prices remain around seven-month highs on hopes that the vast bulk of US interest rate hikes is now behind us. Read More
SVG Gives FX Brokers until March 10 to Show License as Fraud Claims Jump
<p> The Financial Services Authority of the Saint Vincent and the Grenadines (SVG) has asked existing forex brokers registered in the Island country to produce a certified copy of the requisite licenses from the jurisdictions or authorities from which their business activities are conducted.</p><p> The non-bank financial services regulator also now requires prospective forex brokers that want to be incorporated […]
CFTC Charges Mango Markets Manipulator with Fraud
<p>The US Commodity Futures Trading Commission (CFTC) brought fraud and <a href=”https://www.financemagnates.com/institutional-forex/cftc-charges-glen-point-capital-for-fx-market-manipulation/” target=”_blank” rel=”follow”>market manipulation</a> charges against Avraham Eisenberg, who publicly admitted his role in draining over $110 million in digital assets from the <a href=”https://www.financemagnates.com/cryptocurrency/education-centre/decentralized-exchanges-dex-explained/” target=”_blank” rel=”follow”>decentralized crypto exchange</a>, Mango Markets.</p><p>CFTC Charges Mango Markets Manipulator</p><p>The lawsuit blamed Eisenberg for violating federal commodities law by using a “manipulative or deceptive […]
CFTC Charges Mango Markets Manipulator with Fraud
<p>The US Commodity Futures Trading Commission (CFTC) brought fraud and <a href=”https://www.financemagnates.com/institutional-forex/cftc-charges-glen-point-capital-for-fx-market-manipulation/” target=”_blank” rel=”follow”>market manipulation</a> charges against Avraham Eisenberg, who publicly admitted his role in draining over $110 million in digital assets from the <a href=”https://www.financemagnates.com/cryptocurrency/education-centre/decentralized-exchanges-dex-explained/” target=”_blank” rel=”follow”>decentralized crypto exchange</a>, Mango Markets.</p><p>CFTC Charges Mango Markets Manipulator</p><p>The lawsuit blamed Eisenberg for violating federal commodities law by using a “manipulative or deceptive […]
FX Back Office Integrates Match-Trader Trading Platform
<p>FX Back Office, which offers CRM software for forex brokers, has enhanced its offerings with the integration of Match-Trader, the third-party trading platform developed by <a href=”https://www.financemagnates.com/tag/match-trade-technologies/” target=”_blank” rel=”follow”>Match-Trade Technologies</a>.</p><p>FX Back Office Integrates Match-Trader for Complete Trading Ecosystem</p><p>Announced on Wednesday, the integration will allow brokers using the services of FX Back Office to offer trading services using the Match-Trader platform […]
CME Fines Grand International Futures $500,000 for ID Rule Violations
<p>The Chicago Mercantile Exchange (CME) has imposed a monetary penalty of $500,000 on Grand International Futures Company Limited as a disciplinary action for violating the trading venue’s rules around customer identification.</p><p>CME Fines Grand International Futures</p><p>According to the official announcement, the <a href=”https://www.financemagnates.com/terms/s/settlement/” target=”_blank” id=”2dc6d2c7-1626-4ecf-811e-4c1aabbdb280_1″ class=”terms__main-term”>settlement</a> offer came after a panel of the Chicago-based derivatives exchange giant’s business conduct committee found […]
Union Standard International (Previously USGFX) Loses FCA Licenses
<p>Union Standard International Group Limited, the United Kingdom-based subsidiary of the USG Group (<a href=”https://www.financemagnates.com/tag/usgfx/” target=”_blank” rel=”follow”>previously known as USGFX</a>), has lost its authorization from the <a href=”https://www.financemagnates.com/terms/f/financial-conduct-authority-fca/” target=”_blank” id=”4c85a54d-15e0-4e44-a214-8c55f71cb286_1″ class=”terms__main-term”>Financial Conduct Authority (FCA</a>), as seen on the regulatory registry.</p><p>USGFX UK No Longer Holding an FCA License</p><p>”This firm can no longer provide regulated activities and products but previously was authorized […]
NAGA Group Posts 51% Revenue Rise in H1 2022, Will Re-Enter UK
<p>NAGA Group (XETRA: N4G) has published its <a href=”https://www.financemagnates.com/tag/naga/” target=”_blank” rel=”follow”>half-yearly financials</a> for the period until 30 June 2022, reporting consolidated revenue of EUR 35 million improving from EUR 23.2 million in the first six months of the previous year. It was a year-over-year increase of about 51 percent.</p><p>NAGA Posts H1 2022 Results</p><p>In addition, it generated a consolidated EBITDA of […]
FINRA Fines Justly Markets (Formerly DBOT) $100K for Missing Records of 95M Orders
<p class=”MsoNormal text-align-justify”>The Financial Industry Regulatory Authority (FINRA) has placed a $100,000 monetary sanction on Justly Markets (previously DBOT ATS), a firm that formerly operated as an alternative trading system (ATS), for failing to preserve the memoranda of over 95 million orders it received from its broker-dealer customers between April 2017 and October 2019. The US self-regulatory organization (SRO) censured […]
Admirals Secures Kenyan License, Plans Takeover in Seychelles
<p class=”MsoNormal text-align-justify”>Kenya’s Capital Markets Authority (CMA) has licensed Estonia-based Admirals as a non-dealing online forex trading broker in the East African country. The global financial technology company announced the development on Thursday.</p><p class=”MsoNormal”>“Admirals hopes the achieving of this license shall assist further growth in Africa and grant access to a stringently regulated market,” Admirals said in a statement.</p><p class=”MsoNormal”>The […]