Hong Kong FX broker CLSA Premium set to report substantial loss for 2019

The broker, formerly known as KVB Kunlun, said the loss reflected a reduction in leveraged Forex and other trading income earned from external clients. Hong Kong-focused retail Forex broker CLSA Premium Ltd (HKG: 6877), formerly known as KVB Kunlun Financial…

Court urges individual behind FX scam Simple Wealth to respond in action brought by CFTC

Cody M. Wilson has until February 12, 2020 to explain why the Court should not force him to comply with the Commission's administrative summons. The U.S. Commodity Futures Trading Commission (CFTC) may be getting closer to getting the information it…

CMC Markets strikes upbeat note on performance in Q3 FY20

Net operating income continued to exceed quarterly expectations at the end of December 2019, says the brokerage. Online trading service provider CMC Markets Plc (LON: CMCX) has released a trading update for the third quarter of fiscal 2010, i.e. for…

CFTC seeks entry of default against uncontactable binary options scammer

The regulator is asking the Hawaii District Court for a default listing against Peter Szatmari, who did not respond to the CFTC's complaint. The U.S. Commodity Futures Trading Commission (CFTC) is continuing its action against a binary options marketer who…

Individual behind suspected FX scam Simple Wealth refuses to comply with CFTC subpoena

The U.S. regulator still has no access to the documents he is looking for from Cody Wilson, the individual behind the allegedly fraudulent binary options and Forex plan. A few months after the U.S. Commodity Futures Trading Commission (CFTC) went…

Plus500 directors to have their remuneration put to vote at EGM

Plus500 CEO Asaf Elimelech is expected to receive an annual bonus of $ 1.94 million, with the same bonus being considered for Plus500 CFO Elad Even-Chen. The online trading company Plus500 Ltd (LON: PLUS) has published a notice of an…

FCA quantifies impact of CFD offering restrictions on brokerage profits

The reduction in profits for companies offering CFDs to retail customers is c. £ 38.5 million and £ 55.3 million. The UK Financial Conduct Authority (FCA) today released an impact assessment regarding regulations that limit the supply of difference contracts…

Despite CFTC’s efforts, whereabouts of Yossi Herzog remain unknown

According to the regulator, Herzog is not currently in Israel and attempts to determine its current location have failed. As the U.S. Commodity Futures Trading Commission (CFTC) attempts to continue its action against a large-scale fraudulent binary options system operating…