ASIC, which previously seized $3 million from self-styled FX mentor Senen Pousa, has opened a prosecution hearing against him for operating in Australia without a license, just over a after he was fined $192 million and banned from operating in the United States by the CFTC for FX fraud
Read moreRussia's Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN) today added another entry to its list of fraudulent investment companies: Leveron (https://leveron.org/), a brand of Worldwide Finance Group Ltd. CRFIN's attention was drawn to the online project after numerous complaints by investors. The company, which offers a range of investment services to clients…
Read moreA website called FXstreetoption.com is using FXStreet name and fame for fraudulous activity. They have plagerised “fxstreet” to enhance their credibility and mislead people, and FXStreet confirms that this binary options site is a scam company and has nothing to do with FXStreet
Read moreThe investment scam perpetrators are serving time in prison after pleading guilty to related federal criminal charges
Read moreBelgium's Financial Services and Markets Authority has issued a collective warning regarding eight unlicensed entities which are using forceful sales tactics to dupe clients out of their investments
Read moreChristopher Engel, along with his company Pinnacle Forex Group LLC collected client funds for purchasing FX contracts, but withdrew and misappropriated them. Despite never having been registered with the CFTC, an offense in the US, the authority has successfully issued an $819,000 fine
Read moreTwo Indian FX high yield investment plan (HYIP) operators have become the subject of charges by the Securities and Investments Commission in the United States for promoting an illegal scheme via popular social media sites
Read moreFollowing the freezing of withdrawals by Russian FX firm FOREX MMCIS recently, the company has now stated that it has no means of returning funds to clients
Read moreNew Zealand's FMA has taken a very active stance in warning potential customers about the perils of dubious forex trading software and schemes which promise unrealistically high returns as more established regulators turn a blind eye
Read moreAustralia's financial markets regulatory authority urges caution to potential investors when approached by firms which purport to be regulated, but in fact are not
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