Search Results for: Forex trader
Forex trader and firm charged with fraud and registration violations
August 31st, 2018
The Commodity Futures Trading Commission (CFTC) filed a federal court enforcement action in the U.S. District Court for the Southern District of New York against Jason Amada of New York, New York, and Amada Capital Management LLC (ACM), a ...
Should Successful Forex Traders Use Loans To Invest?
March 9th, 2018
Did you know that over 50% of Americans invest in different markets? In fact, a staggering $5 trillion dollars are traded over the Forex market every single day. So it is easy to understand why people want to invest ...
Report: Unauthorised forex trader’s collapse may cost punters half billion
April 27th, 2017
The reported collapse of the JJPTR scheme may cause “investors” ― including from Malaysia ― previously promised steady monthly 20 per cent dividends to collectively lose RM500 million. JJPTR’s founder Johnson Lee, whose Penang-based forex trading company claimed its ...
NIK: 80% of forex traders lost money
March 30th, 2017
As many as 80 percent of Forex traders have lost their money, Poland’s Supreme Audit Office (NIK) said. Between 2012-2016, clients of Polish FX trading companies have lost PLN 2.1 billion combined. The average loss per customer amounted to ...
This is what a successful Forex trader do
March 23rd, 2017
To be successful in anything you do needs talent. But in the Forex market, to be a successful Forex trader talent is not enough. A successful Forex trader spends many hours in practice, has discipline and control his emotions. ...
Ex-Forex Traders jailed for false trades
February 22nd, 2017
Ex-Deutsche Bank trader Toh sentenced to eight weeks Former HSBC senior dealer Chng handed 15-week sentence Two former currency traders from Deutsche Bank AG and HSBC Holdings Plc were sentenced to jail terms of as long as 15 weeks ...
Forex traders must repay retired teacher for the money she lost
September 19th, 2016
If someone approaches you to invest your money in the foreign-exchange (forex) market, be immediately on your guard. Foreign-exchange investments are extremely risky and there is a high probability of losing all your capital. This is what happened to ...
SEC: Forex Trader Misrepresented Track Record and Hid Massive Losses
June 3rd, 2016
The Securities and Exchange Commission charged a New York City-based Forex trader with defrauding investors out of millions of dollars by misrepresenting her investment track record, the profitability of her investments, and her use of investor funds. The SEC alleges ...
Two former Forex traders will sue their former employers this month
January 14th, 2016
Ex-Barclays, Citi FX traders sue for unfair dismissal in London Two former foreign exchange traders will this month sue their former employers Barclays and Citigroup for unfair dismissal at a London court. Former Barclays FX trader Jack Murray is ...
Forex traders plotted strategy in secret chats
November 13th, 2014
Traders of major banks fined $4.3 billion Wednesday for attempted manipulation of foreign exchange markets used electronic chat rooms to plot their moves. Transcript excerpts of conversations released Wednesday by the Commodity Futures Trading Commission show traders from U.S. banks Citibank(C) ...
