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Regulation

‘A Lighter Regulatory Touch’? FCA’s Enforcement Cases Plummet in FY 22/23

  • The number of cases that the FCA opened dropped from 190 to 100 in FY22/23.
  • The British watchdog said its enforcement approach remains 'unchanged'.
Monday, 10/07/2023 | 18:11 GMT by Solomon Oladipupo
Retail FX

French Regulators Blacklist 14 Illegal Forex Trading Platforms

  • The AMF recently warned investors against illegal automated trading robots.
  • The UK's financial regulator flagged a clone of Interactive Brokers on Friday.
Friday, 07/07/2023 | 17:53 GMT by Solomon Oladipupo
CryptoCurrency

Binance France under Probe over ‘Illegal’ Crypto Service, Money Laundering: Report

  • The investigation has been ongoing since February 2022, Le Monde reported.
  • Binance dismissed the report as "not news," says inspection 'the norm'.
Friday, 16/06/2023 | 19:09 GMT by Solomon Oladipupo
Retail FX

SVG Brokers Seek New Home in Other Jurisdictions after Regulator's Deadline

  • FSA introduced the policy in the wake of rising fraud claims against FX trading firms.
  • However, some see the rule as a 'checkbox exercise'.
Tuesday, 13/06/2023 | 18:59 GMT by Solomon Oladipupo
Retail FX

UK, New Zealand Regulators Slam 46 Illegal Trading Platforms

  • The platforms offer trading in FX/CFDs, stock and cryptocurrency.
  • The FMA said Market Radar and Rolvi Trade's customers cannot withdraw funds.
Monday, 12/06/2023 | 16:53 GMT by Solomon Oladipupo
Retail FX

FCA Flags 26 Illegal Trading and Investment Platforms

  • The watchdog flagged three clone platforms for impersonating authorized firms.
  • The platforms are mainly online FX trading platforms.
Monday, 29/05/2023 | 17:19 GMT by Solomon Oladipupo
Retail FX

UK Flags Plus500 Clone, Italy Blocks ‘XTB Empire,’ 3 Others

  • The clone operates via www.fxplus500.co.uk.
  • Italy's CONSOB blacklisted 'VirtuFinance', Activ4X and Goldy Deal.
Friday, 12/05/2023 | 13:43 GMT by Solomon Oladipupo
Retail FX

Nigeria’s SEC Blacklists Six Online Trading Platforms

  • Some of the platforms include Prime Invest, FXBoxed and New Finance LLC.
  • The Nigerian watchdog is also considering allowing asset-backed tokens.
Monday, 01/05/2023 | 20:16 GMT by Solomon Oladipupo
Retail FX

CySEC Warns against 8 Illegal FX/CFDs Trading Platforms

  • The Cypriot regulators flagged six websites in March and five in January.
  • Recently, three CySEC-registered FX/CFDs broker encountered problems.
Monday, 24/04/2023 | 17:01 GMT by Solomon Oladipupo
Retail FX

UK Regulator Flags Down Saxo 24 FX, One Zero Trade

  • The FCA did not state if they are clones of Saxo Bank and OneZero Financial.
  • The British regulator is seeking greater investor protection with its three-year strategy.
Friday, 14/04/2023 | 20:27 GMT by Solomon Oladipupo
Retail FX

Italy's CONSOB Blocks Aquilafx, EuroCryptoFX, 3 Other Websites

  • CONSOB has now blocked 871 illegal websites over three years.
  • CySEC blacklisted six unauthorized online trading websites last month.
Thursday, 06/04/2023 | 15:10 GMT by Solomon Oladipupo
CryptoCurrency

CFTC Sues Binance, CEO for Illegal Derivatives Exchange: “Numerous Violations”

  • The derivatives regulator described Binance's compliance process as a "sham."
  • CFTC also charged Binance's ex-CCO, Samuel Lim
Monday, 27/03/2023 | 17:17 GMT by Solomon Oladipupo
Retail FX

CySEC Blacklists Six Online Trading Websites

  • Three of the websites share the same branding.
  • CySEC kicked against five other unregulated trading platforms in January.
Thursday, 09/03/2023 | 20:14 GMT by Solomon Oladipupo
Retail FX

French Regulators Uncover 15 Illegal Forex Platforms

  • The number of blacklisted forex sites dropped 30% to 49 in 2022.
  • The number of French retail investors declined by 35% during Q3 2022.
Wednesday, 21/12/2022 | 18:01 GMT by Solomon Oladipupo
Retail FX

Germany’s BaFin Says Trading Platform GTS Financial Not Authorized

  • GTS Financial is not under BaFin's supervision.
  • The regulator last month flagged LiquiTrade Limited.
Monday, 19/09/2022 | 13:41 GMT by Solomon Oladipupo
Retail FX

Italy’s CONSOB Orders Black Out of Five New Illegal Websites

  • CONSOB has now blacklisted 754 illegal websites since July 2019.
  • The regulator has flagged down 28 illegal websites in the last five months.
Thursday, 15/09/2022 | 19:39 GMT by Solomon Oladipupo
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