1. Dukascopy Bank Issues Warning Against Its Clone Site
Geneva-based retail forex broker Dukascopy Bank (with the domain name dukascopy.com) has announced a new fraudulent clone website, https://dukascopygroup.com. It cautions its customers that the site is unregulated and does not belong to Dukascopy Bank, Dukascopy Japan, or any other entities within the Dukascopy Group.
2. Spanish CNMV Warns Against 10 Unauthorized Forex Brokers
CNMV has updated its warning list to include 10 unauthorized forex brokers such as VIRGOBANK, TRADECMF / CMF GROUP LTD, TEREMA INVEST, ZERMATT GROUP LLC / TRADE TECH SOLUTIONS.
3. FXCM's Australian Division Renamed Stratos Trading
FXCM, a global online forex and CFD broker's Australian division FXCM Australia has been renamed to Stratos Trading Pty. Ltd. According to ASIC registration information, the name change was completed at the end of September.
4. CFTC Charges Technical Trading Team, LLC (TTT) and Its Executives with Fraud
The United States Commodity Futures Trading Commission (CFTC) has filed a civil lawsuit against Technical Trading Team, LLC (TTT), its CEO Edwin Carrion, and its COO and Chief Trader Jason Rodriguez, accusing them of defrauding victims of 5 million dollars.
5. CySEC Calls on CIFs to Strictly Adhere to CNMV's CFD Intervention Measures
The Cyprus Securities and Exchange Commission (CySEC) has issued a notice, urging Cyprus Investment Firms (CIFs) to pay attention to the resolution passed by the Spanish National Securities Market Commission (CNMV) on July 11, 2023. This resolution concerns intervention measures related to contracts for differences (CFDs) and other leveraged products offered to Spanish retail investors.
