Op Ed: Is the FCA really a vigilant regulator? LeapRate

June 16, 2015 BY Andrew Saks-McLeod

Op Ed: Is the FCA really a vigilant regulator?

Does a regulatory authority have a responsibility to shareholders, FX companies and customers alike? Most certainly it does

June 16, 2015 BY Andrew Saks-McLeod

Plus500 UK May account freeze was not the first time for the company - LeapRate Exclusive

In October 2014 Plus500 UK wrote to the FCA requesting to freeze individual customer accounts where adequate documentation and verification had not been received

June 08, 2015 BY Andrew Saks-McLeod

FCA appoints Hong Kong SFC Head of Enforcement as Director of Market Oversight

British financial markets regulator, the FCA, has appointed Hong Kong Securities and Futures Commission executive Mark Steward as Director of Market Oversight, and Santander Managing Director Barbara Frohn as Director of Risk and Compliance Oversight

May 28, 2015 BY Andrew Saks-McLeod

Plus500 transfers London clients to Cyprus - LeapRate Exclusive

LeapRate has been provided with a letter to a Plus500 customer, explaining that his trading account which was originally opened and operated by the firm's London based, FCA regulated operations, has been transferred to Plus500's CySec regulated operations in Limassol, Cyprus

May 26, 2015 BY Andrew Saks-McLeod

Up go the fines, down goes the revenue. The reverse economics of the FCA

The combined penalties issued to Barclays and Deutsche Bank, at £511 million, make up the lion’s share of the £696.6 million total for the year to date, representing nearly half of the £1.4 billion reaped last year, however the FCA considers it very unlikely that it will be able to match that in the second half of the year

May 22, 2015 BY Maria Nikolova

Plus500 shares close down 35%

At market close today, one share in the retail FX and CFD broker traded at 248p, down 35% from the previous market close.

May 22, 2015 BY Maria Nikolova

Trading in Plus500 shares resumes, broker issues one more announcement

Trading in shares of the broker resumed at 13:15 (London time), as the company published another announcement clarifying the situation around the processing of client actions and account freezing.

May 19, 2015 BY Maria Nikolova

Plus500 share price continues to drift lower, down 9.5% after market opening

The official statement the company published yesterday has obviously failed to stem the drop in share prices.

May 18, 2015 BY Maria Nikolova

Plus500 statement on share price fall

The AML procedures have affected only customers of the UK business and the broker is in talks with the FCA over the new rules implementation.

May 18, 2015 BY Maria Nikolova

Australian FX firm AETOS beefs up UK license

AETOS now holds an FCA license with variation of permission (VOP) to hold clients' money.

Tag: FCA