Hong Kong SFC reprimands and fines FXCM Asia Limited HK$2 million LeapRate

December 13, 2017 BY Valentina Kirilova

Hong Kong SFC reprimands and fines FXCM Asia Limited HK$2 million

The Securities and Futures Commission (SFC) informed that it has reprimanded and fined FXCM Asia Limited (HK FXCM) (now known as Rakuten Securities Hong Kong Limited) HK$2 million for regulatory breaches and internal control failings relating to under-segregation of client money. The SFC’s investigation found that from January 2013 to January 2015, HK FXCM under-segregated…

October 19, 2016 BY Valentina Kirilova

SFC reprimands and fines FXCM Asia Limited HK$4 million

The Securities and Futures Commission (SFC) has reprimanded and fined FXCM Asia Limited (HK FXCM) (now known as Rakuten Securities Hong Kong Limited) HK$4 million for regulatory breaches in relation to its order execution practice for foreign exchange (Forex) trading. An SFC investigation found that from December 2006 to December 2010, HK FXCM and its…

February 06, 2015 BY Maria Nikolova

FXCM Asia to make traders fully responsible for account balances

FXCM Asia Limited, the Hong Kong-based subsidiary of FXCM Holdings LLC, has sent its clients emails, informing them of changes to their client agreements. The changes concern the sensitive issue of negative account balance protection: according to the revision, clients of the Forex broker will be made fully responsible for any debit balances on their…

Tag: FXCM Asia Limited