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Tag: FX

Forex Trading News 0

Financial Commission Expels Fiber Markets as a Member for Contract Breach

<p>The Financial Commission (FinCom), a self-regulatory organization in the financial services space, announced on Friday the expulsion of FX and CFDs broker, Fiber Markets from its membership, citing a breach of contract. The decision became effective on 7 September 2022.</p><p>Additionally, FinCom detailed that there were repeated violations of the membership agreements by the broker specific to the payment of membership […]

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Blockchain and Cryptocurrency News 0

EmpiresX ‘Head Trader’ Pleads Guilty for $100M Crypto Ponzi Scheme

<p>The US Department of Justice announced on Thursday that one of the masterminds of the <a href=”https://www.financemagnates.com/cryptocurrency/revolut-gains-cysecs-approval-to-offer-cryptocurrency-services/” target=”_blank”>cryptocurrency </a>Ponzi scheme, EmpiresX has pled guilty. The scheme defrauded investors of around $100 million.</p><p>Joshua David Nicholas was the ‘Head Trader’ of the cryptocurrency scheme. He admitted in court that he and others fraudulently promoted the cryptocurrency scheme to lure victims.</p><p>He pled guilty […]

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