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(CySEC) has announced that the license of Maxiflex Ltd, which operates under the EuropeFX brand (europefx.com), has been revoked.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...
Italy’s Companies and Exchange Commission (CONSOB) has announced that it has continued to block access from Italian territory to ten more unauthorized financial websites. They include: absystem.pro and onyxprofit.pro of Donnybrook Consulting Ltd, admiralecn.net of AdmiralECN Cyprus Ltd, admiralfx.net of AdmiralFX Cyprus Ltd, camtrade.io of Cam Trade Ltd, globalcfds.com of Globecfds, investchambers.com of Chambers Investment Trading Pty...
Binance Group, which operates the binance.com website, has announced some changes to its operations in South Africa. The company stops offering leveraged products including futures, options and tokens in this country. South African consumers will not be able to open new positions for these products and will have to close all existing ones within 90 days. The...
Israeli police have arrested 26 people allegedly involved in a series of Forex and Crypto scams involving retailers around the world. A joint operation by the FBI and Israeli police was conducted to arrest suspects from several companies that advertise and promote mainly online forex and cryptocurrency trading. The fraudsters have collected tens of millions of dollars,...
The Australian Securities and Investments Commission (ASIC) warns about the activities of the Cash FX Group, which operates through its website cashfxgroup.com. ASIC recalls that it did not license Cash FX Group (CFX) to provide financial services in Australia. Cash FX Group also has warnings of illegal activity from other regulators.
The Cash FX...
Italy’s Companies and Exchange Commission (CONSOB) has announced that it has continued to block the access from Italian territory to six more unauthorized financial websites. They include: amicusinvest.net of Amicus Investment Ltd, app-trader.biz of RT Global, bitawave.com of Bita System Ltd, evom-ltd.com of Evolution Markets LTD, investifx.com of InvestiFx, and vestlefx.com of VestleFx.
CONSOB...
Binance Group, which is currently based in the Cayman Islands and operates the website binance.com, has announced that after the end of October 2021 clients in Singapore will not be able to fund their wallets and trade cryptocurrencies. Singaporeans are advised to terminate all associated trades and convert their tokens. The action comes after the implementation of...