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Latest News
Belarusian Forex Paralyzed Amid Protests
Against the background of the unrest caused by the results of the presidential elections in the Republic of Belarus, access to the global Internet was turned off throughout the country, which, in turn, stopped the operations of almost all forex [...]
Pepperstone Reassures Customers Following Data Breach
International online broker Pepperstone has provided its customers with an important update regarding the recent data breach that impacted the company, as well as details on how the breach happened and what information was compromised. As indicated by our colleagues [...]
Brokers Report Dropping FX Volumes as Covid-19 Volatility Eases
According to our colleagues at Finance Magnates, several brokers, including GMO Click and Saxo Bank have reported a drop in July trading volumes following the extreme market volatility witnessed this spring following the spread of Covid-19 globally. While the FX [...]
Commission News
Financial Commission DRC Member Dr. Demetrios Zamboglou Joins CFI As COO
August 12th, 2020, The Financial Commission today announces that Dispute Resolution Committee (DRC) member Dr. Demetrios Zamboglou has joined Middle East based Credit Financier Invest (CFI) in the capacity of Chief Operating Officer (COO). With the new role of COO, [...]
Financial Commission Posts Record Resolution Times Among Key Metrics In July Complaints Digest
August 5th, 2020, The Financial Commission announces its operating metrics for the month of July 2020 as part of its monthly Complaints Digest. The organization experienced a slowdown in new complaints as traders headed into the summer months and market [...]
Scam ALERT: Primetrade, Alpha24trade, Highoption, and Diamondforexoptions Added to Warning List
The Financial Commission has been notified by concerned traders regarding the companies and associated websites of Primetrade, Alpha24trade, Highoption, and Diamondforexoptions. Upon reviewing the submitted information from potential customers of these brokers, the Financial Commission has determined that the indicated [...]
Regulatory Actions
US Regulators Fine Interactive Brokers $38 Million
The large institutional brokerage Interactive Brokers LLC, based in the United States has been fined by US regulatory authorities for AML and reporting failures, according to the US Securities and Exchange Commission (SEC) notice, published today. The SEC reported that [...]
Italy’s CONSOB Adds Seven Firms to Blacklist
Italy’s financial markets regulator, known as the Commissione Nazionale per le Società e la Borsa (CONSOB) has announced the blacklisting of seven more unauthorized firms known to have been operating in Italy and soliciting clients. The firms have now been [...]
CNMV Spain Issues Warnings Against Multiple Firms
Spain’s financial regulator, CNMV has published a warning to investors indicating unauthorized firms who are known to have operated in the country. The list includes the following Forex and digital asset firms, which has also previously appeared in warnings from [...]