• Russian Court approves blocking of unlicensed Forex dealer website


    A Court in the city of Kazan has granted a motion by the prosecutors to block a website offering Forex services. The prosecutors have conducted an investigation in response to an investor who complained about violations of the Russian securities laws. The investor, who used the services of a Forex company registered in Bulgaria, invested more than RUB 4 million in online trading. The company was not authorized as a Forex dealer in Russia although it was offering Forex services to Russian clientele. The plaintiff lost all of his investments with the broker allegedly due to spikes in the securities market. In light of these ... (full story)