Early Forex Market Wrap; What to read
Early Forex Market Wrap: Spain to take measures for Forex and CFDs trading; $6.5 Million penalty in Binary Options fraud case; Yen stretches rally
This is an early morning Forex market wrap for the Forex trading industry. A review of major news coming from the currency market, financial regulators and online trading companies.
What to read today in Forex market:
1) Spain to take measures for protection of retail investors in Forex and CFDs trading
Like other European Union countries proposed and in some cases even implemented a range of initiatives to limit the leverage of investments in Forex and CFDs products, the Spanish regulator CNMV announced measures to enhance the protection of retail investors when investing in CFDs, forex products or binary options.
Read the measures HERE
2) Company and its owner ordered to pay $6.5 Million penalty in Binary Options fraud case
The court order finds that Vision Financial and and its owner fraudulently solicited approximately $3 million from over 120 members of the public to trade off-exchange binary options.
Read more HERE
3) Yen stretches rally to seventh day
The yen rose as investors sought haven assets.
The yen strengthened 0.2 percent to 111.56 per dollar, the highest level since Nov. 28.
As on 22/03/2017, USDJPY Month change at 0.13% and EURJPY at 2.13%.
- FSMA Warnings: Providers of binary options and forex products
- FSMA added new companies on its list of unauthorised investment firms in Belgium
- List of companies offering services, all operating unlawfully in Belgium
- Spanish regulator warns for unauthorised Forex and Binary providers
- CNMV Spain warns on unregistered investment services firms