Forex

An unauthorised forex trader has been found guilty of fraud in a case brought by the Financial Conduct Authority (FCA).

The Financial Conduct Authority (FCA) has fined Forex Capital Markets and FXCM Securities (FXCM UK) £4m for allowing the US-based FXCM Group to withhold profits worth £6m that should have been passed on to the UK business' clients.

Two traders working at Royal Bank of Scotland (RBS) have been suspended in connection with an investigation surrounding the possible manipulation of foreign exchange (forex) rates, according to reports.

Hugh Hendry has backed Japanese equities to continue their stellar start to 2013, but is also boosting exposure to sovereign bonds on concerns Japan's recovery will have harmful effects elsewhere.

George Soros has reportedly made £40m in a day through a short position on the Australian dollar.

The Financial Conduct Authority (FCA) has charged two men with promoting and marketing an unauthorised investment scheme.

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