October, 2016

October 26, 2016 – Hong Kong & New York: Financial Commission, a leading External Dispute Resolution (EDR) organization, operated by FinaCom PLC, servicing online brokerages and technology providers within the financial services industry, today announces the appointment of Peg Reed to its Dispute Resolution Committee (DRC).

Peg Reed is Chief Operating Officer at Forex Development Corporation responsible for operations with the primary focus on scaling its customer base, managing the rapid growth and expanding its presence globally. As a senior executive, Peg has played a key role in building and executing sales and marketing strategy for marquee FX companies, such as GFT/Gain Capital, IBFX, and Hotspot/Knight Securities. Peg has been a keynote speaker for several major financial service companies and has successfully promoted FX products & services, launched new businesses in various jurisdictions and managed multi-cultural/multi-discipline sales team to sustainable profitability

About FDC

Based in New York, Forex Development Corporation (FDC) is a leading technology provider of foreign exchange prime brokerage (FXPB) solutions, supported by a development team with over three decades of FX experience. FDC’s customizable B2B offerings allow brokers of all sizes to license its technology to develop prime brokerage offerings that offer seamless MetaTrader 4 integration, advanced profitability analytics in real-time, flexible introducing broker (IB) rebate structures, and allotment of custom development hours to provide unparalleled customer service and individualized platform solutions.

Enhancing the DRC structure

Peg is the latest expert to join the Financial Commission’s DRC – which consists of a diverse panel of industry experts who help provide independent views to process and resolve complaints from member’s clients.

Financial Commission Chairman, Peter Tatarnikov, said regarding the appointment, “Peg brings a proven track-record in global FX business to Financial Commission’s Dispute Resolution Committee.”

Mr. Tatarnikov added: “Peg’s experience with a diverse range of corporate customers and across international jurisdictions further complements the collective ability for Financial Commission’s existing DRC. We are very pleased to welcome Peg as the latest DRC appointee.”

October 12, 2016 – Kiev: Peter Tatarnikov, Chairman of the Financial Commission (FinaCom PLC) – leading External Dispute Resolution (EDR) organization servicing online brokerages and technology providers within the financial services industry, took part in the press lunch dated for discussion of the bill on forex market regulation in Ukraine. During the event such topics as lack of the legislation regulating forex market in Ukraine, vulnerability of private investors, the most effective approaches to regulation of the forex market, the liability of Ukraine towards investors and others were discussed.

During a press lunch its participants announced their vision of the forex market regulation problem on the territory of Ukraine, shared foreign experience, answered journalists’ questions and gave several examples of forex regulation in Western countries, in particular, Peter expressed his opinion concerning necessity of formation of the compensational fund, which would enable client of financial services providers to call in their funds in case of market participants bankruptcy. The event was also attended by Roberto d’Ambrosio – CEO of Alpari Research, Vitaly Shapran, member of the Executive Committee of Ukrainian society of financial analysts (USFA) and Natalia Evseeva – Director of Alpari official partner in Kiev. Press lunch has also been widely reported in many Ukrainian media, including: Finance.ua, Business capital, Hubs, Business channel and other media.

It should be noted that the issues under discussion today are the most relevant due to the fact that legal mechanisms of regulation of forex market in Ukraine is not developed what does not allow to create necessary conditions for development of and integration into the global forex market, even in comparison with neighbouring countries such as Belarus or Russia, where the laws on the regulation of the financial markets was taken not so long ago.

October 14th, 2016 – Hong Kong & New York: Financial Commission, a leading External Dispute Resolution (EDR) organization operated by FinaCom PLC and catering to the online brokerage industry, today announces that NPBFX has upgraded its membership status to Category A.

NPBFX had originally joined Financial Commission as a category B member in November 2015, and recently upgraded its membership status to Category A effective October 6th 2016, following approval by Financial Commission.

As a category A member, NPBFX and its customers are currently entitled to a wider range of services and membership benefits including protection for up to $20,000 per case from Financial Commission’s compensation fund.

Financial Commission is an independent external dispute resolution (EDR) organization for consumers/traders who are unable to resolve disputes directly with their financial services providers that are members of the Financial Commission.

Through its Belize-regulated entity NPBFX Limited, licensed by the International Financial Services Commission (IFSC) of Belize, NPBFX offers Forex traders the MetaTrader4 (MT4) platform, as listed on www.npbfx.com.

Peter Tatarnikov, Financial Commission Chairman commented, “We are pleased to announce NPBFX has upgraded its membership with the Financial Commission from Category B to Category A status.”

“Category A members and their clients are provided a broader range of benefits and upgrading from Category B is often a natural progression for firms as they expand or as a larger number their clients utilize the services of the Financial Commission.”

Financial Commission was founded to provide traders and brokerages a new approach for resolving issues that arise in the course of trading electronic markets such Foreign Exchange, CFDs, Binary Options and related derivatives, in addition to certifying technology platforms used for trading. For more information on our services and membership requirements, please contact us at [email protected]