Binary Options Firms Face $103m Lawsuit From CFTC
The Commodity Futures Trading Commission (CFTC) filed a case recently against several binary options firms. This was made public by the Commission earlier this week when they named the companies who would be facing legal action. This companies that are
Read MoreNYSE Trading To Get A Revamp With Project Pillar
The New York Stock Exchange (NYSE) was once one of the biggest and most popular stock exchanges in the United States. The NYSE had some of the biggest listed companies and its trading volumes in the 1990s surpassed all the
Read MoreCapital One Data Breach Puts Millions Of Customers At Risk
Capital One, one of North America’s biggest credit card companies has confirmed that they experienced a major data breach. The breach affects over 100 million customers across the United States and Canada. The information stolen included Social Security numbers and
Read MoreChinese Financial Sector Opens Doors To More Foreign Investors
China has always been hesitant to open itself up to foreign investment with strict controls imposed by the government. This seems to be changing as China is now opening up to foreign investors. However, Beijing promises that it will take
Read MoreJP Morgan Launches Robo-Advisor For Its Digital Investing Service
JP Morgan is finally launching its digital investing service called ‘You Invest Portfolios’. This new product is pretty special since it opens up a low-cost investing service for customers and also offers what is basically free exchange traded fund (ETF)
Read MoreAustralianSuper Warns Investors Should Expect Lower Returns
AustralianSuper which is the biggest super fund in the country has posted an 8.67 percent return for its popular “Balanced” option for the 2018-1019 fiscal but the company is cautioning Aussie investors to not expect significant returns as this year
Read MoreFCA Reveals New Rules For CFDs & Similar Financial Products
The UK financial watchdog – the Financial Conduct Authority (FCA) has just released new rules that will govern contracts for difference (CFDs) and similar financial products in the country. This is another blow against the retail trading industry as the
Read MoreASIC Licensed Brokers Must Comply With New Regulations By 2021
The Australian Securities and Investments Commission (ASIC) recently received product intervention powers from the Australian parliament and the ASIC plans to bring about significant changes that will impact how brokers conduct their business operations. However, brokers have a lot of
Read MoreNew SEC Rule Requires Brokers To Provide Better Advice
The US Securities and Exchange Commission (SEC) have come out with a new rule which looks to protect investors and ensure that they are not exploited by brokers. The SEC just voted this new rule with a three to one
Read MoreChina Goes After Forex Industry As It Targets WFOEs
Forex operators around the world are feeling the heat as governments across the world have targeted the FX industry by imposing stringent regulations. The latest country to join the crackdown is China. As the trade conflict between China and the
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