Estonia based Retail FX and CFDs brokerage firm Admirals Group AS, which operates the Admirals brand via subsidiary Admiral Markets AS, has released its full year 2021 results indicating a significant decline in revenues and profits. The second half of 2021, however, was a slight improvement over 1H-2021 which saw Admirals post a large revenue…
Read More “Admirals Group sees 43% Revenue decline in 2021 to €35.7 million” »
The United States National Futures Association (NFA) today issued an order directing Plus EV Capital LLC (EV Capital), a former NFA Member commodity trading advisor located in Newport Beach, Calif., never to reapply for membership or act as a principal of an NFA Member. NFA also ordered Rohit Chopra, EV Capital’s sole owner, principal and…
Read More “NFA orders Plus EV Capital LLC never to reapply for membership” »
The Securities and Exchange Commission (SEC) today announced settled charges against registered investment adviser Ameritas Advisory Services, LLC for breach of fiduciary duty to advisory clients for failures regarding conflicts disclosures, best execution, and duty of care. The SEC’s order finds that Ameritas Advisory Services LLC, when its advisory business was part of an affiliated dually…
Read More “SEC orders Ameritas Advisory Services to repay $4.6M to harmed investors” »
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just filed its annual report for 2021 with the SEC, with the document containing an update on the “short squeeze” antitrust litigation. Beginning in late January 2021, more than three dozen federal class-action lawsuits were filed in different jurisdictions against various brokers and other market participants…
Read More “Interactive Brokers confirms it is no longer defendant in “short squeeze” lawsuit” »
The Commodity Futures Trading Commission (CFTC) is near to the end of its action against Dro Kholamian and his company, Blue Star Trading, LLC. This becomes clear from a proposed consent judgment submitted at the Illinois Northern District Court on February 25, 2022. The document, seen by FX News Group, outlines the proposed penalties to…
Read More “CFTC reaches settlement with Blue Star Trading, its president Dro Kholamian” »
This week’s FX industry news was dominated by executive moves involving many of the known brands in Retail FX, Institutional FX, and tech providers to the sector with Equiti, Exness, CFI, OANDA, GKPro, Spotware and T4B all making additions to their lineups. Two brokers which have seen a number of senior level departures of late,…
FCA licensed Retail FX and CFDs broker Tickmill has announced that it has taken another step to enhance its already extensive product offering, by adding new CFDs on Cryptocurrencies to its trading arsenal. Over the last couple of years Tickmill’s focus has been to enable clients to diversify their product portfolio, demonstrated by their launch…
At the Board of Directors meeting held today, Rakuten Group, Inc resolved to change the parent company of its consolidated subsidiary Rakuten Bank, Ltd from Rakuten Card Co., Ltd to Rakuten Group. The change is scheduled for April 1, 2022. Rakuten Bank, a consolidated subsidiary of the company will carry out strategies to grow with…
Read More “Rakuten Group to replace Rakuten Card as parent of Rakuten Bank” »
Barclays Capital Inc has agreed to pay a fine of $350,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From February 2014 through September 2019, Barclays’ Index Options Flow Derivatives Trading Desk submitted orders to participate in monthly Special Opening Quotations (SOQs) of certain volatility products. The Derivatives Desk entered…
Read More “FINRA fines Barclays Capital for failure to apply market access controls” »
The UK Financial Conduct Authority (FCA) announces it has issued a final notice to Finablr after refusing its application for cancellation of its premium listing. On December 16, 2022, the FCA announced that it had issued a Decision Notice to Finablr plc refusing the company’s application for cancellation of its premium listing with reference to…
