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CFTC Orders Forex Capital Markets, LLC (FXCM) to Pay a $7 Million Penalty for FXCM’s Defrauding of Retail Forex Customers Forex News 

FXCM banned by CFTC after taking positions against clients

CFTC Orders Forex Capital Markets, LLC (FXCM) to Pay a $7 Million Penalty for FXCM’s Defrauding of Retail Forex Customers Buz Investors FXCM banned by CFTC The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against Forex Capital Markets, LLC (FXCM) , its parent company, FXCM Holdings, LLC (FXCM Holdings), and two founding partners, Dror (“Drew”) Niv, and William Ahdout, who were, respectively, Chief Executive Officer of FXCM and Managing Director of FXCM, (collectively, Respondents). FXCM’s principal place of business is New York, New…

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$AMM Secured A Contract With Two New Clients

American Cannabis Company, Inc. Announces It Has Secured A Contract With Two New Clients In The State Of Pennsylvania Buz Investors Two New Clients  American Cannabis Company, Inc. (OTCQB: AMMJ) (the “Company”, “ACC”), a full-service business-to-business consulting solutions provider, and seller of ancillary products to the cannabis industry, today announced it has secured two new clients in the state of Pennsylvania, bringing the total number of Pennsylvania clients who have engaged the Company to five. Other Stories Buz Traders Follow LEGALIZATION MOMENTUM BUZ ON CANNABIS STOCK $AHG ANNOUNCES CANNABIS PRODUCTION PARTNERSHIP…

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Morgan Stanley Paying $13 Million Penalty for Overbilling Clients and Violating Custody Rule Market Trends 

Morgan Stanley Paying $13 Million Penalty for Overbilling Clients and Violating Custody Rule

Morgan Stanley Paying $13 Million Penalty for Overbilling Clients and Violating Custody Rule The Securities and Exchange Commission today announced that Morgan Stanley Smith Barney has agreed to pay a $13 million penalty to settle charges that it overbilled investment advisory clients due to coding and other billing system errors.  The firm also violated the custody rule pertaining to annual surprise examinations. The SEC’s order finds that Morgan Stanley overcharged more than 149,000 advisory clients because it failed to adopt and implement compliance policies and procedures reasonably designed to ensure…

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ARK Cryptocurrency Platform Unveils New Testnet along with Mobile and Desktop Clients Bitcoin News 

ARK Cryptocurrency Platform Unveils New Testnet along with Mobile and Desktop Clients

ARK Cryptocurrency Platform Unveils New Testnet along with Mobile and Desktop Clients In an industry’s first, ARK cryptocurrency platform has announced the launch of its public testnet along with mobile and desktop clients. ARK Cryptocurrency Platform – ARK Crew, the team behind ARK blockchain ecosystem has unveiled the first publicly available test network. The platform currently in its final stages of ICO — ARK Token Exchange Campaign (TEC) has been setting an example in the cryptocurrency industry. Earlier, ARK made its source code public on GitHub while the platform is…

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Bitcoin IRA Introduces Gold Rebate Promotion for New Clients Bitcoin News 

Bitcoin IRA Introduces Gold Rebate Promotion for New Clients

Bitcoin IRA Introduces Gold Rebate Promotion for New Clients Bitcoin IRA Introduces Gold Rebate  Bitcoin IRA, the first and only bitcoin-based retirement investment company, today announced the introduction of a gold rebate for new clients. While supplies last, investors who open an account with Bitcoin IRA will automatically qualify for a rebate in the form of gold eagle coins. The rebate is available to all new customers, giving them an extra incentive to save for retirement with an innovative, fast-growing alternative investment. Depending on the size of the account they open,…

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The Run Begins: Deutsche Bank Hedge Fund Clients Withdraw Excess Cash Market Trends 

The Run Begins: Deutsche Bank Hedge Fund Clients Withdraw Excess Cash

The Run Begins: Deutsche Bank Hedge Fund Clients Withdraw Excess Cash Buz Traders Deutsche Bank Hedge Fund Clients Deutsche Bank concerns just went to ’11’ as Bloomberg reports a number of funds that clear derivatives trades with Deutsche Bank AG have withdrawn some excess cash and positions held at the lender, a sign of counterparties’ mounting concerns about doing business with Europe’s largest investment bank. While the vast majority of Deutsche Bank’s more than 200 derivatives-clearing clients have made no changes, some funds that use the bank’s prime brokerage service…

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Interactive Brokers restricts US leveraged forex trading to big clients only Forex News 

Interactive Brokers restricts US leveraged forex trading to big clients only

Interactive Brokers restricts US leveraged forex trading to big clients only Interactive Brokers is one of five forex brokers operating in the US market. It is the one with the lowest retail forex client deposits of $31.8 million in June US automated forex brokerage house Interactive Brokers will discontinue offering leveraged forex trading services to US retail clients with less than $10 million in deposited assets, according to a notice the broker has sent to clients, as cited by forex media ForexLive. Starting 1 September, 2016, clients of the broker…

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