Friday, March 6, 2015

Foreign Exchange Ponzi Scheme Perpetrator Jailed After FCA Charges

Foreign Exchange Ponzi Scheme Perpetrator Jailed After FCA Charges


Foreign Exchange Ponzi Scheme Perpetrator Jailed After FCA Charges

Posted: 06 Mar 2015 12:14 PM PST

UK court of law sentenced Philip Boakes to ten years in prison after defrauding his victims of £3.5 million through his company, CurrencyTrader Ltd, claiming to be investing their funds in spread betting.
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The post Foreign Exchange Ponzi Scheme Perpetrator Jailed After FCA Charges appeared first on Forex Magnates.

Peter Williams to Leave Foreign Exchange Desk At Goldman Sachs

Posted: 06 Mar 2015 11:28 AM PST

According to sources close to the matter, Mr. Williams has left Goldman Sachs to pursue other career opportunities after spending the last seven years at the investment bank as an executive director.
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The post Peter Williams to Leave Foreign Exchange Desk At Goldman Sachs appeared first on Forex Magnates.

Stellar Non-Farm Payrolls Send U.S. Dollar to New Multiyear Highs

Posted: 06 Mar 2015 08:24 AM PST

Foreign exchange volatility remains buoyant in tandem with the U.S. dollar after a hiccup in February which led to substantially lower volumes reported by leading companies within the FX industry.
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The post Stellar Non-Farm Payrolls Send U.S. Dollar to New Multiyear Highs appeared first on Forex Magnates.

The Parts of Your Trading Mind You Never Train

Posted: 06 Mar 2015 08:00 AM PST

Following Chris Capre's last article on trading and meditation, we can now learn how to handle our 60,000 thoughts per day in a better and more effective way.
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The post The Parts of Your Trading Mind You Never Train appeared first on Forex Magnates.

Saxo Bank Volumes Slump in February despite Record Client Deposits

Posted: 06 Mar 2015 05:47 AM PST

The Danish multi-asset brokerage published its monthly numbers for February, stating that it had experienced growth in new client numbers of 24% when compared to last year's figures for the same period.
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The post Saxo Bank Volumes Slump in February despite Record Client Deposits appeared first on Forex Magnates.

Hungary Securities Co Suspended – Central Bank Takes over Citing Irregularities

Posted: 06 Mar 2015 05:24 AM PST

Hungary's central bank reported that it has suspended a domestic broker dealer. Hungary Securities Co will be taken over by the central bank as it deals with the administration of the firm.
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The post Hungary Securities Co Suspended – Central Bank Takes over Citing Irregularities appeared first on Forex Magnates.

UK Regulator Fines Middle Eastern Origin, Bank Of Beirut $3.2 Mln -Major Breaches

Posted: 06 Mar 2015 03:49 AM PST

A UK regulated bank has been fined by the FCA for improper communication with the watchdog. Bank of Beirut faces a $3.2 monetary penalty for misleading authorities as well as suspension from acquiring new clients from high-risk countries.
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The post UK Regulator Fines Middle Eastern Origin, Bank Of Beirut $3.2 Mln -Major Breaches appeared first on Forex Magnates.

Will Non-Farm Payrolls Mark a Low in the EUR/USD?

Posted: 06 Mar 2015 03:00 AM PST

Following the ECB's unchanged rate decision, and the NFP announcement today, let's see what Matthew Clark predicts for the EUR/USD wavy situation.
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The post Will Non-Farm Payrolls Mark a Low in the EUR/USD? appeared first on Forex Magnates.

Breaking: CFH Systems to Bridge FX Liquidity Between London and China

Posted: 06 Mar 2015 02:36 AM PST

The company will start providing direct internet access into China, dramatically reducing latency after CFH Clearing moved its matching, order and execution systems into Equinix LD4, known as the FX datacenter.
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The post Breaking: CFH Systems to Bridge FX Liquidity Between London and China appeared first on Forex Magnates.

Emphatic FX Managed Account Suspended Whilst NFA Digs Deep during Investigation

Posted: 06 Mar 2015 01:23 AM PST

US watchdog suspends regulated fund manager, McElhannon Group and Philip Mack Worley, during detailed investigations into the firm’s operations & managed account results. McElhannon Group, a regulated FX managed accounts provider, has been suspended from operating due to lack of …
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The post Emphatic FX Managed Account Suspended Whilst NFA Digs Deep during Investigation appeared first on Forex Magnates.

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