April 2018
SEC Charges Additional Defendant in Fraudulent ICO Scheme
The Securities and Exchange Commission today announced additional fraud charges stemming from an investigation of Centra Tech Inc.’s $32 million initial coin offering.
Beeks Financial Cloud Appoints Des Peck as Commercial Director
Beeks Financial Cloud a low-latency Infrastructure-as-a-Service (IaaS) provider for financial markets, has appointment Des Peck as its new Commercial Director.
SEC Chair Sells New Best Interest Rule on Capitol Hill
The implementation of a new best interest standard for broker/dealers is necessary, the Chairman of the Securities and Exchange Commission (SEC) stated.
Former HSBC Forex Trader Headed to Prison
The former head of HSBC’s Global Foreign Exchange Cash-Trading will be spending time in the slammer.
Institutional Interest in Cryptocurrencies Continues to Grow
A recent survey from Thomson Reuters has shown that Cryptocurrency trading has the potential to grow in 2018.
CFTC Busts Pennsylvania Forex Fraudster
The Commodities Futures Trading Commission (CFTC) busted a forex scheme, which recruited potential traders with false and misleading promises.
CFTC’s Head of Enforcement Talks Precious Metals Investigations
If you are watching cable news, you might be tempted to trade in the precious metals market.
SEC Proposes Fiduciary Rule Alternative
The Securities and Exchange Commission(SEC) proposed an alternative to the so-called Fiduciary rule.
Fed VP Calls for Volcker Rule Streamlining
The head regulator for the Federal Reserve called for more streamlining of the Volcker.
CFTC Releases Video on Binary Options Fraud
On the day it announced charges in a binary options scheme, the Commodities Futures Trading Commission also announced a video series on binary options fraud.
Fed President in New York Calls for Floor Monetary Policy
The New York Fed Governor signaled his support for so-called “floor system” of monetary policy.
Robo-Advice Gaining Traction in Australia
In recent years the popularity of Robo-Advisors has continued to grow.
House Passes Volcker Rule Fix
An alternative to the Volcker rule passed the House of Representatives.
FINRA Fines Nomura Trading Arm
The equity trading arm of Nomura was fined $1.5 million by the Financial Industry Regulatory Authority (FINRA).
Analyst Said Volatility Missing in Currencies
The head of forex research for Deutsche Bank noted that volatility in most markets has thus far by-passed the traditional currency markets.
Madoff Victims Get Some Relief
The US Department of Justice announced the latest round of payments for his victims were starting.
Also filing this week: Rick Steves, Karthik Subramanian and Abdelaziz Fathi.