On 10th of April, a US-registered asset manager East West Global agreed to pay the National Futures Organization a $750,000 fine to settle allegations that it charged excessive fees from investors in its commodity pool. The National Futures Association (NFA) is the self-regulatory organization for the U.S. derivatives industry, including on-exchange traded futures, retail off-exchange...

Austria’s financial markets and services providers regulator FMA warned that the Forex and CFD broker TradeToro is not licensed to offer its services in Austria. Therefore the acceptance of funds from other parties on a commercial basis for management purposes or as deposits is not allowed. The Austrian Financial Market Authority (FMA) is an independent,...

The financial markets and services providers regulator of Switzerland – FINMA – has warned of unregulated forex broker – 69Brokers. The Swiss Financial Market Supervisory Authority (FINMA) is the Swiss government body responsible for financial regulation. This includes the supervision of banks, insurance companies, stock exchanges and securities dealers, as well as other financial intermediaries...

The UK’s Financial Conduct Authority has updated its warning list with Tradepro Capitals – a company that is not authorised by the regulator and is targeting people in the UK. Based upon information the FCA holds, Tradepro Capitals is carrying on regulated activities which require authorisation. The Financial Conduct Authority (FCA) is a financial regulatory...

Austria’s financial markets and services regulator FMA has warned that Forex broker CarterFS is not licensed to carry out banking operations in the country. In essence, this means the company cannot operate in Austria. The Austrian Financial Market Authority (FMA) is an independent, autonomous and integrated authority for the Austrian financial market. The Austrian FMA...

Spain’s financial markets and services regulator CNMV has issued a warning against 4xFX. According to the public warning notice, 4xFX, operated by GRF EUROPE OÜ, is not authorized to provide investment services or investment advice and auxiliary services, including foreign currency transactions in Spain. The National Securities Market Commission (often abbreviated as CNMV) is the...

Italy’s financial markets and services provider regulator CONSOB (Commissione Nazionale per le Società e la Borsa) has updated its list of forex brokers who are not licensed to operate in Italy with one new addition – RichmondFG. This broker has been offering investment services and activities to the Italian public without being authorized in the...

Spain’s financial markets regulator, CNMV, has warned of Forex broker KayaFX. According to the official notice on CNMV’s website, this entity is not registered in the corresponding registry of the commission and, therefore, are not authorized to provide investment services. The National Securities Market Commission (often abbreviated as CNMV) is the Spanish government agency responsible...

UK’s Financial Conduct Authority added another Forex broker to its warning list. According to the regulator, PTBanc has been offering, promoting or selling financial services or products in the UK without its authorization. The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and...

The Cyprus Securities and Exchange Commission has announced that, on its meeting of 4th March 2019, has decided, pursuant of the Investment Services and Activities and Regulated Markets Law of 2017, to withdraw the Cyprus Investment Firm authorisation of GS Sharestocks Ltd., due to the Company’s decision to expressly renounce it. GS Sharestocks LTD. operates...