|
Foreign Exchange Fraud
Foreign exchange fraud is any trading scheme used to defraud traders by convincing them that they can expect to gain a high profit by trading in the foreign exchange market. Currency trading became a common form of fraud in early 2008, according to Michael Dunn of the U.S. Commodity Futures Trading Commission. The foreign exchange market is at best a zero-sum game, meaning that whatever one trader gains, another loses. However, brokerage commissions and other transaction costs are subtracted from the results of all traders, making foreign exchange a negative-sum game. US Government interventions In August 2008, the CFTC set up a special task force to deal with growing foreign exchange fraud. In January 2010, the CFTC proposed new rules limiting leverage to 10 to 1, based on "a number of improper practices" in the retail foreign exchange market, "among them solicitation fraud, a lack of transparency in the pricing and execution of transactions, unresponsiveness to customer complain ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defraud
In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities), or it may cause no loss of money, property, or legal right but still be an element of another civil or criminal wrong. The purpose of fraud may be monetary gain or other benefits, for example by obtaining a passport, travel document, or driver's license, or mortgage fraud, where the perpetrator may attempt to qualify for a mortgage by way of false statements. Internal fraud, also known as "insider fraud", is fraud committed or attempted by someone within an organisation such as an employee. A hoax is a distinct concept that involves deliberate deception without the intention of gain or of materially damaging or depriving a vic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rival Good
In economics, a good is said to be rivalrous or a rival if its consumption by one consumer prevents simultaneous consumption by other consumers, or if consumption by one party reduces the ability of another party to consume it. A good is considered non-rivalrous or non-rival if, for any level of production, the cost of providing it to a marginal (additional) individual is zero. A good is "anti-rivalrous" and "inclusive" if each person benefits more when other people consume it. A good can be placed along a continuum from rivalrous through non-rivalrous to anti-rivalrous. The distinction between rivalrous and non-rivalrous is sometimes referred to as jointness of supply or subtractable or non-subtractable. Economist Paul Samuelson made the distinction between private and public goods in 1954 by introducing the concept of nonrival consumption. Economist Richard Musgrave followed on and added rivalry and excludability as criteria for defining consumption goods in 1959 and 1969. � ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joel N , a community in the United States
{{disambiguation, hn, geo ...
Joel or Yoel is a name meaning "Yahweh Is God" and may refer to: * Joel (given name), origin of the name including a list of people with the first name. * Joel (surname), a surname * Joel (footballer, born 1904), Joel de Oliveira Monteiro, Brazilian football goalkeeper * Joel (footballer, born 1980), Joel Bertoti Padilha, Brazilian football centre-back * Joel (prophet), a prophet of ancient Israel ** Book of Joel, a book in the Jewish Tanakh, and in the Christian Bible, ascribed to the prophet * Joel, Georgia, a community in the United States * Joel, Wisconsin The Town of Clayton is located in Polk County, Wisconsin, United States. The population was 571 at the 2000 census. The Village of Clayton and the unincorporated communities of Joel and Richardson are located in the town. History The village o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sterling Currency Group
Sterling may refer to: Common meanings * Sterling silver, a grade of silver * Sterling (currency), the currency of the United Kingdom ** Pound sterling, the primary unit of that currency Places United Kingdom * Stirling, a Scottish city whose alternative historical spelling is Sterling United States * Sterling, Alaska * Sterling, Colorado * Sterling Micropolitan Statistical Area, Colorado * Sterling, Connecticut * Sterling, Georgia * Sterling, in Bingham County, Idaho * Sterling Wildlife Management Area, Idaho * Sterling, Illinois * Sterling, a ghost town in Jackson County, Iowa * Sterling, Kansas * Sterling, Massachusetts * Sterling, Michigan * Sterling Heights, Michigan * Sterling State Park, Michigan * Sterling Center, Minnesota * Sterling, Missouri * Sterling, in Madison County, Montana * Sterling, Nebraska * Sterling, New York * Sterling, in Mecklenburg County, North Carolina * Mount Sterling (Great Smoky Mountains), North Carolina * Sterling, North Dakota * Ster ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russell Erxleben
Russell Erxleben (born January 13, 1957) is a former American football player and currency investor. He shares the record for the longest successful field goal in NCAA history at 67 yards (with tee), which he set in 1977 while playing for the University of Texas. Erxleben was a three-time All-America punter (1976, 1977, and 1978). He was drafted in the first round of the NFL Draft, an extremely rare occurrence for a kicker. After an NFL career lasting six years, he became a currency investor. Convicted of securities fraud in 1999, he was released from federal prison in 2005. He was again convicted of investment fraud in 2014 and sentenced to 90 months ( years) in federal prison. Early years Erxleben was raised in the small city of Seguin, Texas, located about 35 miles east of San Antonio, where he was a stand-out as a high school kicker. He had a conventional straight-on kicking style, using a two-step approach. Highly recruited, he entered the University of Texas as a top pros ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russell Cline
Russell Warren Brent Cline (born about 1965) founded Orion International in 1998, a foreign currency trading firm based in Portland, Oregon. In 2003 he was charged in federal court with running a classic Ponzi scheme. Cline pleaded guilty and was imprisoned at USP Lompoc. History Cline was a former house painter from Baker City, Oregon. In 1998 he founded Orion International, specializing in trading foreign currency through a brokerage based in London. They promised returns anywhere from 60% to 200% with very little risk, because of their sophisticated trading techniques. In August, 2002 Cline notified his customers that he had lost 97% of their money, blaming poor trades and typographical errors, and asked for additional funds to make the money back. In reality the money had been spent on luxury cars, private jets, real estate, and boats. It is estimated that over 600 people invested $27 million in Orion. On May 8, 2003 a federal court froze all Cline's assets and prevented any ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cyprus Securities And Exchange Commission
The Cyprus Securities and Exchange Commission, ( gr, Επιτροπή Κεφαλαιαγοράς) better known as CySEC, is the financial regulatory agency of Cyprus. As an EU member state, CySEC's financial regulations and operations comply with the European MiFID financial harmonization law. A significant number of overseas retail forex brokers have obtained registration from CySEC. Before 2018, CySEC had been a regulator of choice for many binary options brokers. History CySEC was launched in 2001 as part of section 5 of the Cyprus Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public corporate body. When Cyprus became a member of the European Union in 2004, CySEC simultaneously became a part of the European MiFID regulation, giving firms registered in Cyprus access to all European markets. However, joining the EU and adopting the Euro significantly changed the financial regulatory framework that CySEC policed for what had been prev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Conduct Authority
The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms.Archived here. Like its predecessor the FSA, the FCA is structured as a company limited by guar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hedge Fund
A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as short selling, leverage, and derivatives. Financial regulators generally restrict hedge fund marketing to institutional investors, high net worth individuals, and accredited investors. Hedge funds are considered alternative investments. Their ability to use leverage and more complex investment techniques distinguishes them from regulated investment funds available to the retail market, commonly known as mutual funds and ETFs. They are also considered distinct from private equity funds and other similar closed-end funds as hedge funds generally invest in relatively liquid assets and are usually open-ended. This means they typically allow investors to invest and withdraw capital periodically based on the fund's net asset value, whe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Margin Call
''Margin Call'' is a 2011 American drama film written and directed by J. C. Chandor in his feature directorial debut. The principal story takes place over a 24-hour period at a large Wall Street investment bank during the initial stages of the financial crisis of 2007–2008. In focus are the actions taken by a group of employees during the subsequent financial collapse. The title comes from a finance term for when an investor must increase the securities or other assets used as collateral for a loan when their value falls below a certain threshold. The film stars an ensemble cast consisting of Kevin Spacey, Paul Bettany, Jeremy Irons, Zachary Quinto, Penn Badgley, Simon Baker, Mary McDonnell, Demi Moore, and Stanley Tucci. The film was produced by the production companies Myriad Pictures, Benaroya Pictures and Before the Door Pictures (first to sign on, and owned by Zachary Quinto). Theatrically, it was commercially distributed by Lionsgate and Roadside Attractions. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market Maker
A market maker or liquidity provider is a company or an individual that quotes both a buy and a sell price in a tradable asset held in inventory, hoping to make a profit on the '' bid–ask spread'', or ''turn.'' The benefit to the firm is that it makes money from doing so; the benefit to the market is that this helps limit price variation ( volatility) by setting a limited trading price range for the assets being traded. In U.S. markets, the U.S. Securities and Exchange Commission defines a "market maker" as a firm that stands ready to buy and sell stock on a regular and continuous basis at a publicly quoted price. A Designated Primary Market Maker (DPM) is a specialized market maker approved by an exchange to guarantee that they will take a position in a particular assigned security, option, or option index. In currency exchange Most foreign exchange trading firms are market makers, as are many banks. The foreign exchange market maker both buys foreign currency from clients ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.png "Click for more on -> The New York Times")
