Latest News
FCA UK Sector Review Estimates Positive Impact of ESMA
The UK Financial Conduct Authority (FCA) has published its annual review of different financial markets for which it is responsible in a regulatory capacity to examine the risks faced by consumers in different sectors. This review is particularly important this [...]
Plus500 Posts Disappointing Revenue for 2019 Hinting Impact from ESMA
The well-known UK regulated broker Plus500 Ltd (LON:PLUS), which is part of Playtech Group, has reported some disappointing preliminary revenue figures for 2019. The data shows a 51% drop in total revenues for last year as compared to 2018. Net [...]
UK Ombudsman Resolves Only 5% of All Complaints Received in 4Q 2019
The UK regulatory service tasked with reviewing complaints and enquiries from members of the public concerning authorized firms and other companies in the United Kingdom has reported some high figures for the last quarter of 2019. The service received a [...]
Commission News
Scam ALERT: Explicit FX Bit, Binary Option FX Trade, GlobalTrades-FX, Prime Trades, Prime Stocks, and Binary.com Added to Warning List
The Financial Commission has been notified by concerned traders regarding the companies and associated websites of Explicit FX Bit, Binary Option FX Trade, GlobalTrades-FX, Prime Trades, Prime Stocks, and Binary.com. Upon reviewing the submitted information from potential customers of these [...]
Financial Commission Publishes 2019 Annual Summary Highlighting Record Growth, Continued Efficiencies and New Services
February 10th, 2020: The Financial Commission today announces the results of its operations for the previous year with the publication of the 2019 Annual Summary. With record-setting key metrics and continued improvements to operations, the organization continues to find efficiencies [...]
Financial Commission Appoints Vladimir Verbitskiy to its Dispute Resolution Committee
January 28th, 2020, The Financial Commission today announces the appointment of ex-CEO and Chairman of the Board of Alpari Group, Vladimir Verbitskiy to its Dispute Resolution Committee (DRC). Mr. Verbitskiy is the 25th industry expert to join the Financial Commission’s [...]
Regulatory Actions
CySEC Withdraws Authorization of WhoTrades Ltd
Following other companies decisions to withdraw their registration in Cyprus, The Cyprus Securities and Exchange Commission (CySEC) has recently also withdrawn the authorization of Whotrades Ltd. Specifically, the regulator withdrew the Cyprus Investment Firm (CIF) authorization from the company, which [...]
ESMA Seeks Clarification Regarding Intervention Measures by Member States
As the UK and Europe prepare for Brexit during 2020 in anticipation of a final “leave” at the end of the year, European financial regulators are making sure that certain regulatory measures set forth previously for the entire European block [...]
Italy’s CONSOB Brings Number of Blocked Firms to 131
Italy’s Companies and Exchange Commission (CONSOB) continues to thwart brokers and firms not authorized to provide financial services in the country by blocking websites, associated with such firms. The novel powers given to the regulator, known as the ‘Decreto Crescita’ [...]