Tag: FX regulation

March 18, 2014 BY Andrew Saks-McLeod

ASIC Terminates AFS License Of FX Provider AIE Fiduciary

Australian financial markets regulator responds to application filed to terminate AFS license after concerns had been raised over license obligations The Australian Securities and Investments Commission (ASIC) has today announced that it has terminated the Australian Financial Services license of AIE Fiduciary Services, a company which provided financial product advice relating to securities, derivatives and…

Read more
March 13, 2014 BY Andrew Saks-McLeod

France's National Marketing Watchdog Clamps Down On FX Advertising

French advertising and marketing authorities set forth criteria to ensure caveats relating to online promotion of leveraged investment products A set of stringent rules has been published by Autorite de Regulation Professionnelle de la Publicite (ARRP), the French marketing regulator, with the intention of clamping down on the methods by which leveraged investment products, including…

Read more
March 13, 2014 BY Andrew Saks-McLeod

Lord Grabiner To Lead Bank FX Manipulation Probe

Bank of England Oversight Committee appoints leading Queen's Counsel to head independent investigation Following this week's series of questions which were posed to Bank of England Governor Mark Carney in an attempt by British government officials to ascertain as to whether any possible manipulation of FX benchmarks by banks could have been known to the…

Read more
April 30, 2013 BY Gerald Segal

UK's new regulator FCA takes first action against Forex fraud

Alex Hope and Raj Von Badlo charged with defrauding investors £5 million. The FCA has charged Alex Hope of Docklands, London and Raj Von Badlo of Bourne End, Buckinghamshire with 10 offences relating to a Forex investment scheme they operated. The FCA has alleged they both bilked over £5 million from investors. The charges come…

Read more