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The United States Securities and Exchange Commission (SEC) today announced that it is requesting information and public comment on matters related to the use of digital engagement practices by broker-dealers and investment advisers. These tools include behavioral prompts, differential marketing, game-like features (commonly referred to as gamification), and other design elements or features designed to…

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The Commodity Futures Trading Commission (CFTC) announced today that the U.S. District Court for the Southern District of Ohio entered a Consent Order for Permanent Injunction and Other Equitable Relief against Glen Galemmo finding that Galemmo fraudulently solicited individuals to place funds in a commodity pool to trade commodity futures, commodities, stocks and bonds and…

Read More “QFC owner Glen Galemmo banned from trading” »

Broker technology provider Panda Trading Systems has announced that it continues to expand the functionality of its business intelligence suite, by integrating OneSignal customer messaging functionality into the system’s already rich feature list. The new integration leverages OneSignal’s position as a leader in the customer messaging vertical, allowing any broker using Panda solution to integrate…

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The United States Department of Justice (DOJ) has opposed an attempt by former JPMorgan traders accused of spoofing to exclude the testimony of a former Morgan Stanley trader, who is now an FBI agent. As FX News Group has reported, former JPMorgan traders Gregg Smith, Michael Nowak, Jeffrey Ruffo, and Christopher Jordan have sought to…

Read More “DOJ stands behind testimony of ex-Morgan Stanley trader in spoofing case” »

Credit Suisse Group today published the agenda for the 2021 Extraordinary General Meeting (EGM) of Shareholders. Credit Suisse Group plans to hold its EGM on October 1, 2021 to elect two new members of the Board of Directors. Shareholders are requested to vote in advance by granting a power of attorney and issuing voting instructions…

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Hong Kong’s Securities and Futures Commission (SFC) and Commercial Crime Bureau of the Police today conducted a joint operation against a Hong Kong-listed company and its former senior executives suspected of a series of corporate fraud related offences involving a total of $450 million. The operation involved a search of the office premises of the…

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Compagnie Financière Tradition today posted its financial results for the first half of 2021, with revenues and profits down from the equivalent period a year earlier. Tradition registered consolidated net profit of CHF 39.1 million in the first half of 2021, compared with CHF 51.5 million in the first half of 2020 with a Group…

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AffiniPay, a fintech leader in online payments for professionals, has appointed Bryan D. Thompson as Chief Technology Officer. Bryan D. Thompson has extensive experience in financial services and tech stack building. Between 2017-2020, Mr Thompson served as Chief Technology Officer for Beyond Inc., a business services company delivering payments, payroll, and business services to small…

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FNG Exclusive… FNG has learned from filings that Geneva based Retail FX broker Dukascopy Bank SA has seen a severe and continued drop-off in activity, with first-half 2021 revenues being the company’s lowest result in several years. Revenues at Dukascopy (or what the company terms “Result from trading activities”) came in at CHF 10.95 million…

Read More “Exclusive: Dukascopy revenues fall 23% in 1H-2021 to CHF 11 million” »

Nomura Securities International, Inc got a fine of $50,000 as a part of a settlement with CME Group. According to a notice of disciplinary action, Nomura violated CBOT Rule 980.B.3. Let’s note that the firm neither admitted nor denied the rule violation. CBOT Rule 980 says: “REQUIRED RECORDS AND REPORTS B. Each clearing member shall…

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