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Institutional FX

AMF Warns against Unauthorized Firms Offering Alternative Investments

  • The AMF regularly updates its blacklist of new entities offering authorized investments.
  • New online platforms have a huge influence on young investors.
Tuesday, 21/12/2021 | 08:33 GMT by Nicholas Otieno
Institutional FX

CySEC Reports €1.9Bn as 2020 Annual Income by Cyprus’ Investment Firms

  • CySEC provides insights concerning Cyprus Investment Firms (CIF).
  • The report helps clients, partners and associates to avoid business risks.
Tuesday, 21/12/2021 | 07:13 GMT by Nicholas Otieno
Retail FX

Forex Scams, Strict Regulations and Crackdowns, What to Expect in 2022?

  • Authorities around the world have increased crackdowns against illegal financial services providers.
Monday, 22/11/2021 | 13:21 GMT by Bilal Jafar
Retail FX

26 Israelis Nabbed for FX/Crypto Scam Released, Overseas Busts Continue

  • The Cypriot authorities reportedly arrested one person in connection with the racket.
Tuesday, 12/10/2021 | 08:59 GMT by Arnab Shome
News

Nigerian Police Arrest Brisk Capital CEO for Alleged $4M Investment Fraud

  • The Commissioner of the Special Fraud Unit of the Nigerian Police Force said that Dominic Joshua confessed to the crime.
Tuesday, 25/05/2021 | 22:39 GMT by Felipe Erazo
Retail FX

SEC Charges an Individual in Connection with 1 Global Capital Scam

  • Roy Gagaza sold $10.8 million worth of unregistered securities of 1 Global to several investors.
Tuesday, 18/05/2021 | 07:02 GMT by Bilal Jafar
Retail FX

Queens Man Faces 5 Years in Prison for Forexnpower Scam

  • Kang is accused of lying about his trading credentials to con the Korean-American community into opening FX accounts.
Tuesday, 30/03/2021 | 21:36 GMT by Aziz Abdel-Qader
Regulation

CONSOB Blacklists 11 Websites for Operating without Authorisation

  • The Italian regulator has ordered the 11 websites to be blacked out.
Friday, 04/09/2020 | 09:55 GMT by Celeste Skinner
Regulation

Bank of Namibia: Online FX Trading Is Not Prohibited

  • The statement comes as victims of an FX scam protest their money being withheld.
Tuesday, 11/08/2020 | 05:29 GMT by Celeste Skinner
Brokers

Pepperstone Warns Clients of Data Breach as Fraudsters Impersonate Broker

  • Fraudsters are reaching out to Pepperstone clients, asking them to transfer their client funds.
Monday, 27/07/2020 | 07:28 GMT by Celeste Skinner
Regulation

CONSOB Orders Five Websites Belonging to Scams to be Blocked

  • The regulator claims the websites are offering financial services illegally.
Friday, 17/07/2020 | 08:01 GMT by Celeste Skinner
Regulation

ACCC: Aussies Lost US$21.6M to Investment Scams in H1 2020

  • This loss is based on 3,325 reports made to the authority.
Monday, 13/07/2020 | 08:28 GMT by Celeste Skinner
Regulation

FMA Calls Out Forex Insiders as Potential Scam

  • The company is not authorised to offer its services within New Zealand.
Monday, 13/07/2020 | 06:12 GMT by Celeste Skinner
Regulation

Texas Securities Regulator Accuses Mirror Trading of Fraud

  • In particular, Commissioner Travis J. Iles claims the company is a multilevel marketing scheme.
Thursday, 09/07/2020 | 05:50 GMT by Celeste Skinner
Regulation

Russell Maher of FBL Sentenced to 3 Years Imprisonment

  • Maher pleaded guilty to the fraud charges brought by the Serious Fraud Office of New Zealand.
Monday, 06/07/2020 | 06:47 GMT by Celeste Skinner
Regulation

CFTC Files for Certificates of Default Against LaMarco and GDLogix

  • According to the court document, LaMarco and GDLogix have not answered the CFTC’s complaint.
Thursday, 02/07/2020 | 07:46 GMT by Celeste Skinner
Regulation

ASIC Reports 20% Uptick in Investment Scams During COVID-19

  • The regulator received 20% more reports of misconduct from March to May of 2020 year-on-year.
Wednesday, 24/06/2020 | 01:58 GMT by Celeste Skinner
Regulation

US District Court Orders Eyal Alper to Pay $352,901 for FX Scam

  • Alper has been charged by the CFTC for committing a fraudulent foreign exchange scheme.
Wednesday, 03/06/2020 | 07:30 GMT by Celeste Skinner
Regulation

Securities Commission of Malaysia: Clone Scams are on The Rise

  • A number of licensed entities have lodged reports claiming their identities have been cloned.
Friday, 29/05/2020 | 12:29 GMT by Celeste Skinner
Retail FX

Texas Regulator Strikes FX Trader with Cease and Desist Order

  • Ramos pooled money from investors with the promise that it would “profit off the coronavirus with forex.”
Friday, 17/04/2020 | 22:07 GMT by Aziz Abdel-Qader
Retail FX

Britons Warned to Watch out for Instagram FX Scams

  • While these bogus profiles advertise get-rich-quick schemes, they do not even have a website and operate solely on social media.
Wednesday, 08/04/2020 | 17:30 GMT by Aziz Abdel-Qader
Regulation

FCA Receives 69 FX Market Manipulation Reports in 2019

  • The most reports received were for equity-related transactions.
Friday, 28/02/2020 | 13:23 GMT by Celeste Skinner
Regulation

SL Markets May Be Operating a Scam, New Zealand’s FMA Warns

  • The entity claims to be authorized in the country, when, in fact, it is not.
Monday, 24/02/2020 | 07:30 GMT by Celeste Skinner
Regulation

FCA Flags Tradixa and Bitcoinmarketscap as Unauthorized

  • The entities both claim to offer foreign exchange trading.
Friday, 21/02/2020 | 12:48 GMT by Celeste Skinner
Regulation

Austria’s FMA Warns Against BIC Asset Management

  • The entity is not authorised to offer its services in the country.
Thursday, 20/02/2020 | 11:21 GMT by Celeste Skinner
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