CySECs latest alert list 2 illegal brokers have been blocked

The Cyprus Securities and Exchange Commission (CySEC) has published a list of unauthorized companies, of which two fraudulent websites have been added to its warning list, and it is alleged that none of these entities are Cyprus Investment Company (CIF).

The FCA blacklisted two platforms, including Capitalswise

The UK\'s Financial Conduct Authority (FCA) has warned Capitalswise and GreatchainFX that they may be offering financial services or products in the UK without authorisation from the FCA and that investors should be cautious about dealing with them. Detai

FX Ponzi Scheme Deceived 1,500 Individuals with False Promise of 325% Returns

The Securities and Exchange Commission (SEC) has filed charges against a Florida resident, Sanjay Singh and his logistics firm, Royal Bengal Logistics Inc. The accused is charged with fraudulently raising an estimated $112 million from nearly 1,500 invest

LCG UK Is Now Only an ‘Introducing’ Broker

London Capital Group (LCG) is making the transition from being a spread betting and contracts for difference (CFDs) provider to becoming an introducing broker. As part of the move, the LCG has tapped its UK-based rival, IG Group, as its first third-party

Moneta Markets Aims Global Expansion with New Seychelles License

"Obtaining our Seychelles license is a testament to our growth – it reaffirms our commitment to offering secure, regulated financial services to our clients worldwide," said David Bily, the CEO and Founder of Moneta Markets.

France’s AMF Cautions against Automated FX, Crypto Trading Scheme

The scheme also lured investors with promises of extravagant returns. One of its advertisements in a French publication promised a return of a million euros in 12 to 15 weeks and was even touted to be ideal for people who want to get rich quickly. These c

Taiping Securities (Hong Kong) was reprimanded and fined HK$1.3 million by the Securities and Futures Commission of Hong Kong

The Hong Kong Securities Regulatory Commission disclosed an announcement yesterday (June 19), announcing a reprimand and a fine of HK$1.3 million on Taiping Securities (Hong Kong) Co., Ltd. Committing internal control deficiencies in relation to employee

UBS expects to complete Merger of Credit Suisse by Monday

UBS agreed to buy its main rival Credit Suisse for 3 billion Swiss francs on March 19, a deal pushed by the Swiss government to avert the recent crisis in the United States that led to multiple bank failures. Controversial Credit Suisse has lost the trust

Police in the Philippines have arrested 26 people suspected of investment fraud

Police said Floresca was also the chief operating officer and CEO of other companies, The companies were identified as Casa Infini Builders and Realty, Casa Infini Realty Management, Ray Education Directions Consultancy Services, Ray International Philipp

Indian IT technician loses Rs 19 lakh due to online fraud

A 40-year-old software engineer at a well-known IT company in Pune, India, has become the latest victim of online scams, after the head teacher of a Malaysian girls\' kindergarten was defrauded of RM1.6 million.

Attention! The regulatory licenses of these 8 traders have been changed!

Before choosing a trader, many investors know the importance of reviewing the regulatory license of the platform, but don\'t think that everything is OK after the first step! It is important to know that traders\' regulatory information may change at any

ED&F Man has been fined £17.2m by the FCA over a client\'s dividend carry trade

The Financial Conduct Authority (FCA) has fined ED&F Man Capital Markets £17.2 million for enabling its clients to make £20 million in illegal tax refunds through mergers or dividend arbitrage trades. Britain\'s financial regulator disclosed the fine

One-third of Canadian crypto asset owners have experienced fraud or scams

One in 10 Canadians aged 16 and older - about 3 million people - own a crypto asset such as Bitcoin, Ether or irreplaceable tokens (NFT). Of these, a third (35%) of cryptocurrency owners reported at least one fraud, scam, or crime victimization experience

Binance USA will suspend over-the-counter trading services, suspend US dollar deposits, or stop US dollar withdrawals as soon as June 13

Less than two days after being hit hard by US regulators, Binance US, the US subsidiary of the world\'s leading cryptocurrency exchange, has announced that it is suspending over-the-counter (OTC) trading while removing more than 100 trading pairs, most of

The FCA has fined broker MCML £17.2 million

Britain\'s FCA has fined broker ED&F Man Capital Markets Ltd (MCML) 17.2 million pounds ($21.35 million), the largest fine to date in connection with "cum-ex" scams in Europe.