Forex news and analysis tagged “Regulatory Action” on BestForex.io.
The CFTC and DOJ have charged Celsius Network and its founder Alex Mashinsky with fraud. At its peak, the platform held $20 billion of customer assets — almost none of which was managed as promised.
Australia's Federal Court ordered Binance Australia Derivatives to pay $10 million after it misclassified 524 retail clients as wholesale investors — letting them retake a multiple-choice quiz until they achieved a passing score.
The CFTC and Canadian regulators moved simultaneously against My Forex Funds, freezing $310 million in assets and alleging the entire prop trading model was a fraud designed to extract fees from traders who could never actually win.
One employee. 5.5 billion shares. No spoofing or layering surveillance at all. FINRA fined the dominant overnight trading platform $550,000 — but the real number to watch is not the fine.
FalconX settled CFTC charges for $1.8 million after operating as an unregistered futures commission merchant. The verdict on crypto intermediaries claiming to be mere "technology providers" is now unambiguous.
Frank Breuer ran Bluesky Wealth for four years without professional indemnity insurance, misled the FCA about it, then stripped the firm of assets while under restriction. The regulator issued a lifetime ban and a £755,000 fine.
A routine system upgrade in June 2024 silently disconnected Dinosaur Merchant Bank's CFD surveillance. For four months, billions in trades ran unmonitored. The FCA fined the firm £338,000 — but the real question is whether any market abuse moved through the gap.