British regulator to investigate competition in investment and corporate banking services following review of wholesale markets, including a lack of client clearing on OTC derivative markets
Read moreThe Financial Conduct Authority (FCA), the UK watchdog responsible for the supervision of investment companies, earlier today issued its official stance on the situation at Liquid Markets, the broker that stopped operations in the aftermath of Black Thursday. While the bulk of the information that the regulator provides in this FAQ-like announcement may seem trivial…
Read moreLiquid Markets, the UK Forex broker that was forced to halt operations in the aftermath of the events on “Black Thursday”, has just announced the appointment of special administrators from Baker Tilly Restructuring and Recovery LLP. Matthew Haw, Graham Bushby and Matthew Wild will act as Joint Special Administrators of the Forex broker under an order…
Read moreJapanese FX brokerage Nakitrade is the subject of a warning to potential investors as despite listing a London address, the company is not licensed by the FCA to conduct business in Britain
Read moreA look back at the most intriguing and popular Forex industry news stories from the past week at LeapRate. To make sure that you receive timely access to all LeapRate articles sign up to our Daily Forex Industry Newsletter on the right. → ThinkForex/FCA | https://www.leaprate.com/Ykaoq Cyprus Forex brokers | https://www.leaprate.com/6sC6x IC Markets | https://www.leaprate.com/2v2iC Boston…
Read moreA landmark legal prosecution concluded today in the UK, as Alex Hope and his accomplice in investment fraudulent activities Raj Von Badlo (also known as Raj Shastri), were both sentenced to prison. Alex Hope will spend the next seven years in prison, the harshest punishment imposed following prosecution by the Financial Conduct Authority (FCA) or…
Read moreAfter close communication with the FCA, it was determined the only step forward for FX provider Liquid Markets is to cease carrying on any business that involves the carrying on of any regulated activities.
Read moreCustomers of Alpari UK, the retail Forex broker that has just entered administration, can now make use of detailed information on the matter provided by the Financial Conduct Authority (FCA). Earlier today the UK financial watchdog published a FAQ section, addressed at Alpari UK's clients many of whom are now puzzled about what to do,…
Read moreThe Financial Conduct Authority (FCA) considers that automated copy trading constitutes portfolio management and is defined as such under MiFID, therefore subject to regulation on that basis, however following signals and executing trades manually is not categorized as portfolio management
Read moreCarole Begent, Mark Falcon and Louise Buckley join the dedicated payments industry regulatory authority in Britain, all three of whom have served in senior corporate and public sector regulatory roles
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