+1 213 8086 023 info@snw.media

Retail Forex transactions once again at the heart of FX benchmark rate fixing case

FinanceFeeds – A Forex benchmark rate fixing case targeting top banks like JPMorgan Chase & Co. (NYSE:JPM), JPMorgan Chase Bank, N.A., Barclays Capital, Inc., Citibank, N.A., Citigroup Inc (NYSE:C), Bank of America Corp (NYSE:BAC), Bank of America, N.A, HSBC Bank USA, N.A., and HSBC North America Holdings, Inc., is once again focusing on the definition of “foreign currency retail…

Read More

CFTC and ex-UBS trader accused of spoofing near settlement

FinanceFeeds – Less than a week after the United States Commodity Futures Trading Commission (CFTC) sought to rebut the objections of ex-UBS precious metals trader Andre Flotron in a spoofing case, the regulator and the defendant appear to be close to a settlement. According to a Joint Motion submitted at the Connecticut District Court on July 20th, the parties move the…

Read More

FXCM directors & officers said to be withholding nearly 2,000 documents from shareholders

FinanceFeeds – Global Brokerage Inc (OTCMKTS:GLBR), formerly known as FXCM Inc, is refusing to produce documents requested by shareholders, according to the latest filings with the New York Southern Bankruptcy Court. Global Brokerage submitted its official objection to a motion by Brett Kandell, a plaintiff in a derivative shareholder lawsuit, that sought to compel the company to produce 26 categories…

Read More

Brexit: Part 4 and a half – Guest Editorial

FinanceFeeds – The following is a guest post by Brad Alexander, CEO, FXLarge. Just last week a student asked me, “How do we trade Brexit?” “Well”, I responded, “There are two options: the easy one is to simply avoid trading Cable and all the Pound Crosses, until the final resolution sometime during this century or, use the new Rising…

Read More

New system for filing MtGox claims set to be released in August

FinanceFeeds – Nobuaki Kobayashi, Civil Rehabilitation Trustee for notorious Bitcoin exchange MtGox has provided an update about the timing for filing proofs of rehabilitation claim. “We are currently using our best efforts to build the system for filing proofs of rehabilitation claim. We plan to release such system this August”, he said. Let’s recall that some of the creditors of…

Read More

Trial against FX Mafia set to commence on October 9, 2018

FinanceFeeds – The trial against three former Forex traders – Richard Usher, Rohan Ramchandani, and Christopher Ashton, also known as FX Cartel or FX Mafia, is set to start on October 9, 2018. This becomes clear from a brief order signed by Judge Richard M. Berman of the New York Southern District Court earlier today. The document, seen by…

Read More

Jon Montroll, Bitfunder say they are close to plea agreement with US authorities

FinanceFeeds – There is an update on the US authorities’ action against Jon E. Montroll and Bitfunder, accused of operating an unregistered securities exchange and defrauding users of that exchange. On July 18, 2018, counsel for Montroll and Bitfunder submitted a status report with the New York Southern District Court. The document, seen by FinanceFeeds, states that “the defendants’…

Read More

Australia sees losses due to investment scams jump 299% in one week

FinanceFeeds – The first half of July may be a slow period for many companies and institutions but not for fraudsters, as indicated by the latest data revealed by Scamwatch, the body operated by the Australian Competition and Consumer Commission (ACCC). The numbers, published earlier today, show that Australians reported massive $954,308 being lost to investment scams in just…

Read More

Debating digital assets! FinanceFeeds South Africa IB seminar looks at how to avoid fraud or conflict of interest

FinanceFeeds – On June 28, 2018, FinanceFeeds produced and hosted a day of discussion, along with some of Johannesburg’s most senior introducing brokers, looking at how to remove conflicts of interest between client, introducing partner, and the brokerage platform which provides the service. At the exclusive Bryanston Country Club in Johannesburg, one of the most important and prosperous global…

Read More