Prominent industry figure Ian Hannam's appeal was overturned by the Upper Tribunal, resulting in a £450,000 fine.
Read moreBarclays Bank PLC has been fined £26 million by the FCA for failing to manage conflict of interest, with trader himself having received a further £95,000 fine.
Read moreThe creation of a new position and a new Payment Systems Regulator is part of the FCA’s self-avowed plan of focusing on protecting retail consumers all along the value chain.
Read moreTracy McDermott has categorically stated that spot FX does not fall under FCA remit, having come to light after it emerged that some of the traders being investigated for FX rate rigging were not registered yet worked for major financial institutions A great many retail FX firms have invested vast resources in gaining the much-coveted…
Read moreBritish regulatory authority warns against another clone of a bona fide firm as the latest in an increasing wave of firms attempting to dupe clients by using similar names Imitation, as the well-worn adage goes, is the finest form of flattery. That is, if the imitation intends no harm. Quite the opposite, in fact, to…
Read moreBritish financial markets regulator announces plans to reduce possibility of rate manipulation by traders The Financial Conduct Authority (FCA) announced plans to look into how firms can reduce the risk of traders manipulating key benchmarks as a central part of its Business Plan for 2014/15, which was published yesterday. Together with several London-based financial institutions…
Read moreBritish financial markets regulator issues letter to companies offering copy trading services to retail FX clients, notifying intention to classify them as investment managers LeapRate Exclusive... It was only a matter of time before one of the world's most established financial markets regulators took the lead in investigating the possibility of producing specific regulatory guidelines…
Read moreBritain's financial markets regulatory authority set to introduce a dedicated service for overseeing payment systems by April 2015 The Financial Conduct Authority (FCA), Britain's official regulatory authority charged with the oversight of business ethics and consumer protection within the financial services industry has today announced that it intends to create an entirely new regulatory body…
Read moreWill other UK brokers face similar action for asymmetric slippage? As we reported earlier, the UK arm of FXCM (NYSE:FXCM) has entered into a settlement agreement with UK's Financial Conduct Authority (FCA). The agreement is concluding and old issue for the company related to order execution practices (asymmetric slippage) between August 2006 and December 2010.…
Read moreHis company SureInvestment stripped over 300 clients of more than £21 million The FCA has reported that it successfully concluded the prosecution of Benjamin Wilson – a fraudster that has managed to deceive more than 300 investors into entrusting his company SureInvestment £21.8 million. Justice is heavy – the scammer will serve seven years in…
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