Friday, December 19, 2014

4X Solutions’ Proprietor Whileon Chay Indicted for Defrauding Investors for $5 Million

4X Solutions’ Proprietor Whileon Chay Indicted for Defrauding Investors for $5 Million


4X Solutions’ Proprietor Whileon Chay Indicted for Defrauding Investors for $5 Million

Posted: 19 Dec 2014 03:05 PM PST

Investors in the United States were duped for $5 million by Ponzi-scheme scammer Whileon Chay according to a judicial filing by a federal grand jury in Manhattan. The principal of 4X Solutions faces accusations of fraud and misappropriation.
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The post 4X Solutions’ Proprietor Whileon Chay Indicted for Defrauding Investors for $5 Million appeared first on Forex Magnates.

[Snippet] Canadian Financial Watchdog Warns Against St Vincent-Based Broker C6 Forex

Posted: 19 Dec 2014 01:25 PM PST

Global Markets Trigger Trading Spree at Johannesburg Stock Exchange with Record Daily Volumes

Posted: 19 Dec 2014 01:10 PM PST

Traders welcomed the thin-December trading month with an uptake in activity at South Africa's trading exchange. The JSE reported record trading volumes of $4.6 billion on the 18th of December in its equities segment.
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The post Global Markets Trigger Trading Spree at Johannesburg Stock Exchange with Record Daily Volumes appeared first on Forex Magnates.

Unregulated Forex Brokers, FXN Trade & Net CFD Exposed by UK’s FCA

Posted: 19 Dec 2014 11:42 AM PST

A duo of unregulated forex and CFD brokers offering their services within the UK without proper authorization while claiming UK registration has been exposed by the British financial markets regulator.
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The post Unregulated Forex Brokers, FXN Trade & Net CFD Exposed by UK’s FCA appeared first on Forex Magnates.

[Snippet] BGC Continues GFI Group Acquisition - Increases All-Cash Tender Offer

Posted: 19 Dec 2014 11:13 AM PST

[Snippet] FCA Issues Consultative Paper on Strengthening Banking Sector

Posted: 19 Dec 2014 10:37 AM PST

[Snippet] UK-Based Serious Fraud Office Arrests Former City Trader - FT Reports

Posted: 19 Dec 2014 10:10 AM PST

Holidays and Lack of Liquidity Cause Dukascopy to Stop Offering USD/RUB

Posted: 19 Dec 2014 09:48 AM PST

Starting on Monday, the brokerage will stop offering trading on the Russian ruble at least until January 12th due to an "unstable price feed" and the high roll-over interest rates on overnight positions.
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The post Holidays and Lack of Liquidity Cause Dukascopy to Stop Offering USD/RUB appeared first on Forex Magnates.

European Regulator Invites Consultations on MiFID II Implementation

Posted: 19 Dec 2014 08:43 AM PST

The European Securities and Markets Authority has announced that it is launching a consultation period on the implementation of Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).
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The post European Regulator Invites Consultations on MiFID II Implementation appeared first on Forex Magnates.

CLS Settlement Average Daily Volumes down 2% in November

Posted: 19 Dec 2014 07:29 AM PST

Ongoing volatility has underpinned the foreign exchange market volumes trend with CLS reporting a minor decline in November as year-on-year growth figures remain on track with $5.17 trillion transacted daily.
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The post CLS Settlement Average Daily Volumes down 2% in November appeared first on Forex Magnates.

Alpari Russia Announces Resumption of USD/RUB Trading

Posted: 19 Dec 2014 05:16 AM PST

The Russian ruble is back on the trading board as Alpari Russia and Alpari UK reopen trading after the market volatility has subsided somewhat following aggressive central bank and finance ministry actions.
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Breaking: ayondo Launches Social Trading Campaign with Major German TV Networks

Posted: 19 Dec 2014 04:42 AM PST

The company has signed a media partnership deal with SevenVentures, which is behind major German TV channels ProSieben and SAT.1 in order to widely popularize social trading investments in the country.
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The post Breaking: ayondo Launches Social Trading Campaign with Major German TV Networks appeared first on Forex Magnates.

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