In many respects, the world of cryptocurrencies is very reminiscent of the evolution of retail forex trading in the nineties. At that time, every aspect of trading in this new genre was an innovative adaptation of existing technologies, but with an entirely different look and feel. Regulatory agencies around the globe were unprepared for what…
Read more
UK financial regulator Financial Conduct Authority (FCA) has just announced that has started an investigation into the affairs of London Capital & Finance Plc (LCF). The regulator has already directed LCF to withdraw all of its existing marketing materials in relation to its Fixed Rate ISA or Bond. The complete FCA decision can be seen below: The…
Read morePlus500 shares drop another 5% on Tuesday after The Times published an article regarding an FCA investigation centered on money laundering and Plus500's customer on-boarding procedures.
Read moreTough Monday overall for Forex stocks: Plus500 -8%, Gain Capital -3%, FXCM -1%, Swissquote -2%
Read moreInvesco Perpetual in receipt of hefty fiscal penalty as a result of the FCA having concluded that it did not comply with investment limits over 3 and a half year period Britain's largest retail investment management firm, Invesco Perpetual, has been issued a substantial fiscal penalty by the Financial Conduct Authority (FCA) as a result…
Read moreIn the latest development in 25 year-old FX fraudster Alex Hope's two year contretemps with Britain's financial authorities, the FCA commenced its trial today against the high-profile bogus trader who bilked investors out of £5.6 million Flamboyant fraudster Alex Hope may be brought to justice shortly, as the two year long legal wranglings which he…
Read moreFCA unlikely to go public with its investigation findings before 2015 The Royal Bank of Scotland has announced the suspension of yet another forex trader and unsurprisingly, it is most likely related to the ongoing 4 pm fix investigation. The FX fixings scandal that has engulfed the forex market in recent months is taking another…
Read more