According to senior industry analysts, spread betting providers may end up being faced with more onerous capital requirements as the industry’s rapid expansion brings it under increasing spotlight.
According to senior industry analysts, spread betting providers may end up being faced with more onerous capital requirements as the industry’s rapid expansion brings it under increasing spotlight.
A SCOT has been fined £1 million by the UK’s FSA for stock-market abuse. A former private client stockbroker, Mr Alexander discovered he could influence the price of spread bets in his favour by placing small equities orders in the same FTSE 250 stocks.
Investor protections such as account segregation might not seem like a sexy topic, however for some spread betting providers the onerous terms that the FSA has imposed on them means that there may be trouble lurking beneath the surface.
Some of the spread betting providers based in the United Kingdom may have to raise extra funds or have to reject new business as new FSA rules on segregation of client funds take effect.
It appears that investigations by the UK FSA regulator into how spread betting providers segregate client monies have stumbled onto a wall in the aftermath of the Lehman Brothers Holdings Inc.’s bankruptcy…
A former analyst at Evolution Securities committed market abuse when he passed insider information to a friend who used it to make £85,500 on spread bets…
The FSA has taken measures against 11 companies who it claims have used pressure sales techniques to sell penny shares to older people.
Up to 400 former customers of failed derivatives broker Global Trade Europe (GTE) are set for compensation payouts.
So BlueIndex is now in a probe for insider dealing. The Financial Services Authority stripped Blue Index of its right to do regulated business…
Britain’s Financial Services Authority said on Monday that its ban on short-selling financial stocks would expire on Jan 16…
The FSA is going to make investors disclose short positions in stocks undertaking a rights issue if they amount to an interest above 0.25%.
The U.K.’s Financial Services Authority paid 725,000 pounds ($1.4 million) to Paul Davidson, the first time the market regulator has been forced to pay legal costs after losing a case.