Home Forex Complains
The Financial Industry Regulatory Authority (FINRA) fined StoneX Financial Inc USD60,000 for multiple compliance failures. According to the official announcement, FINRA found that between the end of 2017 and the middle of 2018, StoneX failed to immediately display, route, execute or cancel 27 out of 35 of customer limit orders. In addition, the financial company failed to...
The Belgian Financial Services and Markets Authority (FSMA) says it continues to receive complaints from consumers about new fake social media ads for scam. These fake ads, for example, include an offer for a training course. After clicking on the ad and providing their contact details, scam companies call the victims with a specific investment offer. The...
A jury in Brooklyn Federal Court has found John Won guilty on charges of securities fraud, money laundering conspiracies, and especially large-scale securities fraud. When sentenced, Won faces a maximum of 20 years in prison. Between February 2012 and December 2013, Won and accomplices participated in a scheme to defraud victims of the...
The UK's Supreme Court has rejected a lawsuit seeking billions of pounds (up to GBP750 per iPhone user) in compensation from Google for allegedly illegally tracking millions of iPhone users. According to the judge, the plaintiff had failed to prove that the individuals had been harmed by the data collection. However, he did not rule out the...
Plaintiff Richard Lloyd filed a lawsuit against Google for collecting web browsing data from iPhone users between 2011 and 2012, despite the company's claims that this was not possible due to Safari's default privacy settings. Mr. Lloyd has filed a class action lawsuit representing more than four million people. If Mr. Lloyd wins, Google could lose billions...
The Cyprus Securities and Exchange Commission (CySEC) announced that at its meeting on 11.10.2021 it decided to withdraw the Cyprus Investment Firm (CIF) authorization with number 174/12 of Sonaf Business Ltd, due to the company's decision to explicitly withdraw it. The sonafx.com website is no longer available.
The US Commodity Futures Trading Commission (CFTC) has filed a lawsuit against SwapStar Capital LLC and its owner, Swapnil Rege, on charges of fraud and embezzlement. The owner also violated a previous CFTC order prohibiting him from trading commodity interests for three years. Earlier, the US Securities and Exchange Commission (SEC) also accused the company's owner of...
Russia's Federal Antimonopoly Service (FAS) has filed a lawsuit against Apple for banning app developers from informing customers about the ability to pay for purchases outside the AppStore, the FAS said. In a statement it announced: "Apple did not comply with the warning, so FAS Russia has opened a case against the company for violating anti-monopoly laws....
Israeli police searched a call center in Petah Tikva and detained 15 people suspected of online investment fraud against German citizens. The search was at the request of German authorities, Israeli police said in a statement. According to the case file, the suspects operated several websites, including IntegraOption, SolidCFD, Tradesolid, BitCapitalMarkets, Mycoinbanking, etc. The...
The Cyprus Securities and Exchange Commission (CySEC) has announced that the license of Maxiflex Ltd, which operates under the EuropeFX brand (europefx.com), has been revoked. According to CySEC, the company violates the rules by carrying out activities that are not specified in its authorization, and it does not always comply with the terms of its authorization. Within...