Tag Archives: Regulation
One World Capital was apparently a forex ponzi – owners John Walsh and Charles Martin get 12-17 years in prison
3
2012
This one was pretty much below the radar although One World Capital was probably the biggest US forex brokerage that turned out to be a scam. NFA’s capital requirements which gradually rose from almost nothing to $20+ million since 2008 …
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CFTC – MF Global’s collapse didn’t happen because of a lack of regulation, NFA ponders segregation rules
31
2012
In an interesting speech given by Commissioner Scott D. O’Malia at the Center on Financial Services Law, of New York Law School quite a few interesting things were said and although O’Malia didn’t think the CFTC is to blame for MF Global’s …
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US Treasury Department reconsiders exempting Forex from OTC Derivatives Regulations
30
2012
En route to an official visit to Israel, Neal Wolin, the US Deputy Secretary of the Treasury Department commented that the treasury dept is currently debating whether or not to exempt FX products from new U.S. derivatives regulation that would force …
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Although this was known as a requirement for a while now especially after NFA fined FXCM in 2011 and Gain Capital in 2010 now this rule has become formal. NFA is currently busy auditing most of forex brokers trying to …
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