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Securities Commissioner Travis J. Iles entered an emergency cease and desist order to stop Riek Capital from illegally promoting fraudulent investments in trading programs. The order also accuses the company of engaging in an impersonation scheme – alleging Riek Capital is misappropriating the identity of a registered person and using his credentials to falsely claim…

Read More “Texas Securities Board issues C&D order against Riek Capital” »

OANDA’s efforts to have the alleged patent infringement lawsuit against GAIN Capital, part of StoneX Group, going faster, appear to be bearing a result. On September 15, 2021, Magistrate Judge Douglas E. Arpert of the New Jersey District Court signed an order directing the defendants to serve invalidity and non-infringement contentions with related document production…

Read More “Judge sets deadlines for GAIN Capital in OANDA patent lawsuit” »

International derivatives marketplace CME Group Inc (NASDAQ:CME) has announced that its SOFR futures contracts reached a new record, surpassing one million contracts of open interest on September 15. SOFR futures open interest reached 1,004,882 contracts on September 15th, marking its seventh-consecutive record open interest day. Agha Mirza, CME Group Global Head of Rates and OTC…

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The United States Commodity Futures Trading Commission (CFTC) has filed a complaint in the U.S. District Court for the District of Hawaii against Gregory Demetrius Bryant, Jr. for fraudulent solicitation, misappropriation, operation of an unlawful commodity pool, and failure to register with the CFTC. According to the complaint, Bryant fraudulently solicited approximately $426,000 from at…

Read More “CFTC charges president of nonexistent co Surrey Libor Capital with fraud” »

Social trading focused Retail FX and CFDs broker NAGA Group AG (FRA:N4G), which operates the NAGA.com website, has announced its second major financing of 2021, raising €22.7 million (USD 26.7 million) in new equity capital from Apeiron Investment Group Ltd, which will become a new strategic and long-term investor in NAGA. Apeiron is the private…

Read More “NAGA Group raises €22.7 million as Apeiron takes big stake” »

Coinbase Financial Markets Inc has applied for a registration as Futures Commission Merchant (FCM) with the United States National Futures Association (NFA). A check conducted by FX News Group has shown that the status of the applications of Coinbase Financial Markets Inc as an FCM and an NFA member has been pending since September 15,…

Read More “Coinbase applies for NFA registration as Futures Commission Merchant” »

The Commodity Futures Trading Commission (CFTC) today announced that Judge Gregory A. Presnell of the U.S. District Court for the Middle District of Florida issued an order granting a permanent injunction against Ronald Montano, a resident of St. Cloud, Florida, and Montano Enterprises LLC (MEL), and requiring them to pay a combined $2.5 million in…

Read More “CFTC secures order for $2.5M in penalties on binary options fraudster” »

About a year after his arrest, one of the founders of fraudulent cryptocurrency scheme AirBit Club – Pablo Renato Rodriguez, is offering a $10 million bond for his release. This becomes clear from a Motion filed with the New York Southern District Court earlier today. The document, seen by FX News Group, notes that Rodriguez…

Read More “Founder of AirBit Club requests release, offers $10M bond” »

Japanese online trading company Monex, Inc, a subsidiary of Monex Group, Inc (TYO:8698), today announces that it will begin offering over-the-counter US stock trading services starting September 21, 2021. Monex has been working with its US-based group company TradeStation Group, Inc. to provide US stock trading services that set it apart from other online brokerages….

Read More “Monex launches OTC US stock trading services” »

The Australian Securities and Investments Commission (ASIC) today announces another development in the saga around Halifax Investment Services Pty Ltd. Former Halifax Investment Services Pty Ltd auditor Robert James Evett’s company auditor registration has been cancelled by the Companies Auditors Disciplinary Board (CADB) following an application by ASIC. Mr Evett was the lead auditor in…

Read More “ASIC secures cancellation of registration of Halifax Investment Services’ auditor” »