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Trading

Is Ethereum a Bubble or is it Being Pumped - What Does the Data Say?

  • Are bots generating fake ETH volumes, are investors fleeing bitcoin for Ethereum, is there a SPAM campaign to pump its price? An expert opinion.
Wednesday, 24/02/2016 | 14:57 GMT by Avi Mizrahi
Regulation

ESMA Warns of Unauthorized Use of its Identity and Credentials

  • ESMA’s logo and identity have been utilized in communications and transcripts, targeting employees or individuals to solicit money via transfers.
Thursday, 18/02/2016 | 09:39 GMT by Jeff Patterson
Trading

Was Martin Shkreli Really Just Scammed Out of $15m in Bitcoin?

  • The "most hated man in America" claims he has spent $15 million using bitcoin to buy the exclusive rights to a new Kanye West album.
Sunday, 14/02/2016 | 11:32 GMT by Avi Mizrahi
Regulation

London Police Suspect £50m CWM Investment Scam as Damages Widen

  • CWM is believed to have targeted members of the Gurkha and Nepalese community in London in a ponzi scheme worth nearly £50m.
Thursday, 04/02/2016 | 15:40 GMT by Jeff Patterson
Brokers

Exclusive: Go Markets Group UK Owner Named by SEC amid IPO Attempt

  • Stephen B. Wheatley, who was allegedly involved in a pump and dump scheme in the US, appeared in Go Markets Group's presentation to investors. The proposal to list on the NSX "may be abandoned", but the group "does not expect the brand to be affected".
Tuesday, 08/12/2015 | 10:30 GMT by Avi Mizrahi
Regulation

SFC Warns on Suspicious Activity of IQSFX, Impersonating FCA Regulated Firm

  • IQSFX (www.iqsfx.com) was added to the SFC’s alert list for suspicion of being unlicensed or unregistered in Hong Kong.
Friday, 27/11/2015 | 11:51 GMT by Jeff Patterson
Regulation

Fake CySEC Officers Scam Investors

  • The Cypriot regulator urges the public to be vigilant of individuals impersonating as officers
Friday, 27/11/2015 | 08:27 GMT by Victor Golovtchenko
Brokers

City Odds Capital Director Charged in $78 Million Pump and Dump Scheme

  • Stephen Wheatley, a director of the binary options provider, is charged with facilitating the illegal stock offering of (Bob) Marley Coffee.
Monday, 23/11/2015 | 17:09 GMT by Avi Mizrahi
Regulation

U.S Watchdog Warns of Binary Options Related Scams

  • The Financial Industry Regulatory Authority says its helpline for seniors received a number of calls regarding binary options.
Monday, 26/10/2015 | 15:01 GMT by Avi Mizrahi
Brokers

Exclusive: City Police Suspend Base2Trade Site Due to 100 Fraud Complaints

  • City of London Police confirmed to Finance Magnates that they have taken action against the FX World scam-related binary options brand.
Tuesday, 06/10/2015 | 15:24 GMT by Avi Mizrahi
Regulation

American FX Fund CEO Sent to Jail for Running a Ponzi Scheme

  • Stafford Maxwell, founder of Millennium Capital, was sentenced to almost four years and ordered to pay about $1.5 million in restitution.
Thursday, 03/09/2015 | 08:05 GMT by Avi Mizrahi
Blogs

The Biggest Problem with Insider Trading? Getting Caught

  • "I'm getting tired of market participants taking short cuts and doing things that are now illegal and getting carted off to jail."
Sunday, 16/08/2015 | 10:51 GMT by Stephen Simonis Senior
Regulation

Financial Binary, BinaryFX and PRIME FMS on Regulators' Radar

  • The Spanish government agency responsible for financial regulation has warned that PRIME FMS is not authorized to provide investments services.
Monday, 10/08/2015 | 09:21 GMT by Avi Mizrahi
Regulation

Base2Trade Goes Offline Following Exposé on Links to FX World Scam

  • This could be an attempt by the alleged fraudster the City of London Police are investigating, Clint Canning, to cover his tracks.
Tuesday, 04/08/2015 | 15:09 GMT by Avi Mizrahi
Regulation

Black Diamond Forex Scammers Fined $76 Million

  • The fraudsters took over $35 Million from investors but never really traded on the FX market.
Sunday, 02/08/2015 | 09:00 GMT by Avi Mizrahi
Regulation

South African Watchdog Accuses Pastor of Operating a Forex Scam

  • Authorities seized 138 million rand worth of property, allegedly bought with investors money, including houses, BMWs, Jaguars and more.
Sunday, 26/07/2015 | 08:43 GMT by Avi Mizrahi
Brokers

Exclusive: FX World CEO Fled the UK as New Alleged Fraud Base2Trade Revealed

  • Finance Magnates uncovers an inoperative binary options broker run by the man who the City of London Police are apparently after.
Tuesday, 21/07/2015 | 10:38 GMT by Avi Mizrahi
Analysis

How to Find the Best Binary Options Brokers

  • As an increasing number of binary options brokers enter the market, we take a look at how traders can hook on to the best ones to trade with.
Tuesday, 21/07/2015 | 09:28 GMT by Guest Contributors
Regulation

FXCM Seeks Arbitration in Fraudster's Revelation Forex Legal Affair

  • The receiver claims that the broker is trying to delay jury hearings, while FXCM has cited an arbitration clause in an agreement with the fraudster.
Thursday, 16/07/2015 | 08:34 GMT by Avi Mizrahi
Regulation

Promising Returns of 80%, PRIME FMS Disappears Along with Funds

  • The Ponzi scheme was placed on CRFIN's blacklist in June 2015, and the FCA warned of the fake "London broker" back in 2014.
Wednesday, 15/07/2015 | 17:03 GMT by Avi Mizrahi
Brokers

Concorde Forex Is a Clone of a Broker That Hasn't Been Launched Yet

  • The scam is targeting former clients of bankrupt Ukrainian broker Forex Trend, collecting customer data under the guise of a new firm.
Wednesday, 15/07/2015 | 16:16 GMT by Avi Mizrahi
Regulation

Belgian Watchdog Warns against Dozens of Unauthorized Brokers

  • Moreover, some of the entities are also clones of established firms (such as FXCM) or accused of being behind a "recovery room" fraud.
Tuesday, 07/07/2015 | 11:24 GMT by Avi Mizrahi
Regulation

CommexFX and Director Fined for Misleading Cyprus Regulators

  • After suspending the license of CommexFX, CySEC reveals that it has fined the firm €100,000 and Abdel Rahman El Amary €30,000.
Monday, 06/07/2015 | 10:47 GMT by Avi Mizrahi
Regulation

SEC Goes after Adviser Who Allegedly Stole $300,000 from Mike Tyson

  • SFX Financial Advisory Management Enterprises specializes in providing financial management services to professional athletes
Monday, 15/06/2015 | 20:22 GMT by Avi Mizrahi
Regulation

CommexFX's License Suspended for Endangering Clients’ Interests

  • CySEC has given CommexFX Ltd fifteen day to take actions in order to comply with the Directive, ‘Safeguarding of clients’ funds’
Friday, 12/06/2015 | 11:23 GMT by Avi Mizrahi
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