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INTL FCStone Inc to Sell Secured Notes to Fund GAIN Deal
Institutional US broker INTL FCStone Inc (NASDAQ:INTL) has announced that it will sell Senior Secured Notes to investors in an effort to fund part of the cash transaction planned for the merger with GAIN Capital Group Holdings, Inc. for later [...]
Member Update: RoboForex Adds ETH/BTC and LTC/BTC to its Crypto Offering
Approved member of the Financial Commission - RoboForex is expanding the list of cryptocurrency pairs available for trading by adding ETH / BTC and LTC / BTC. Also, the broker significantly improved its trading conditions for Pro-Standard and ECN accounts. [...]
IG’s Trading Platforms Experience Major Outage
It seems that increased trader activity and market volatility may be having an impact on broker operations these days as the world continues to be challenged by Covid-19 disruptions. IG Group Holdings plc (LON:IGG) reported yesterday that it had experienced [...]
Commission News
Scam ALERT: Mega Pro FX Trade, CoinExpert24, SoloFXB, and 24CryptoBoost Added to Warning List
The Financial Commission has been notified by concerned traders regarding the companies and associated websites of Mega Pro FX Trade, CoinExpert24, SoloFXB, and 24CryptoBoost. Upon reviewing the submitted information from potential customers of these brokers, the Financial Commission has determined [...]
Financial Commission Announces GANN Markets as Latest Approved Member
May 21, 2020, The Financial Commission, today announces GANN Markets as its newest approved Member. The company becomes the 46th broker to join the ranks of the self-regulatory organization, highlighting the increased interest and demand for independent external dispute resolution [...]
Financial Commission Certifies BigBrainBank as an Educational Provider
May 19th, 2020, the Financial Commission today announces BigBrainBank as a certified educational provider. The Financial Commission conducted a thorough review of the educational content BigBrainBank offers helping to ensure that users who receive such content have access to accurate [...]
Regulatory Actions
Bahamas Announces Changes to Regulatory Regime for FX and CFDs
The Securities Commission of The Bahamas has announced sweeping changes to its attractive regulatory regime for Forex and Contracts for Difference (CFD) brokers. According to our colleagues at Finance Magnates, the regulator is poised to limit available leverage for retail [...]
ASIC Suspends License of Forex Plus
Australia’s Securities and Investments Commission (ASIC) announced today that it has suspended the financial services provider license of Forex Plus Australia Pty Ltd. The regulator indicated that it is “suspended rather than canceled Forex Plus’ license because the licensee has [...]
New ASIC Provisions Allow for Onboarding of ‘Foreign’ Customers
Thanks to our friends over at FinanceFeeds for informing market participants of the new opportunities presented in Australia for brokers and firms wishing to continue to do business with foreign nationals. We had previously reported that Australia’s Securities & Investments [...]