Latest news by Abdelaziz Fathi
Canada’s NSSC Adds Stanford FX to its Investor Caution List
The Nova Scotia Securities Commission (NSSC), one of the thirteen provincial financial regulators in Canada, has issued a warning alert for investors, adding the forex firm Stanford FX (www.stanfordfx.com) to its caution list. This time,…
FCA Alerts Public of ‘ICM Capetal’, Clone of ICM.com
The Financial Conduct Authority (FCA) today sounded an alarm about a fraudulent clone website that was impersonating London-based financial trading provider ICM.com (formerly ICM Capital). The watchdog warned investors to watch out for other websites…
SFC Suspends Emperor Securities Executive for Unauthorized Trades, KYC Lapses
Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), has banned a former account executive of Emperor Securities from re-entering the industry for two years after he was convicted of conducting unauthorized trades from…
Two Analysts and Three Compliance Officers Receive $2.6M under SEC Whistleblower Program
The US Securities and Exchange Commission agreed to pay $2.6 million to five anonymous whistleblowers who provided high-quality analysis that helped the agency staff spot new illegal practices. The SEC said in a statement Friday…
Germany’s BaFin Orders fortexo.co to Cease Operations
Germany’s federal financial supervisory authority (BaFin) today warned investors of the activities of fortexo.co, an offshore FX broker that has been offering financial products in the country without authorization. Echoing previous warnings, the independent financial…
Canada’s National Bank launches zero-commission trading
National Bank Direct Brokerage, owned by Canada’s sixth largest lender, is the latest company to join the race to the bottom. To stay competitive, the National Bank’s direct brokerage division is slashing its commission fees…
SEC Awards Monitoring Contract to AnChain.AI as Regulators Tighten Grip on DeFi
The Securities and Exchange Commission (SEC) appears to be gearing up for a closer look at decentralized finance (DeFi) industry. The US top regulator disclosed Friday that it awarded AnChain.AI a $125,000-per-year contract on the…
Thomas Selby Parts Ways with Exinity After 8 Years to Join IronFX
Retail FX broker IronFX has onboarded FX industry veteran Thomas Selby to take on the role of its head of business development. Selby joins the Cyprus-based firm following a lengthy career in the finance world,…
Belgium’s watchdog warns against EAs provider Finiko
Belgium’s Financial Services and Markets Authority (FSMA) today issued a warning against the unauthorized activities of Finiko, which allegedly made false claims to garner business for its trading robots. Finiko offers Expert Advisors (EAs) which…
Saxo Bank Lures ING’s Anaam Raza and IG’s Harry Leyburn to Join UK Business
FCA-regulated broker, Saxo Markets UK has appointed Anaam Raza and Harry Leyburn to fill executive roles in its marketing and research teams. The new appointments will see Raza serving as Head of UK Marketing &…