Metro Bank plc (LON:MTRO) announces that David Arden, Chief Financial Officer, has agreed with the Board that he will step down from the Board with immediate effect and leave the business on 1st April 2022. Marc Jenkins, Deputy CFO, will assume responsibility for the Finance function from 15 February 2022 while the bank recruits for…
Online trading company Plus500 Ltd (LON:PLUS) announces that its Board of Directors has approved a new share buyback program to purchase up to an additional $55 million of the company’s shares. This includes a special share buyback program of $29.8 million, which is directly related to the benefits of the change in tax rate from…
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CFD and FX broker Plus500 Ltd (LON:PLUS) today posted its unaudited preliminary results for the year ended 31 December 2021. Whereas the financial metrics were far from impressive, the broker has managed to report some milestones in terms of operations, including a new license in Estonia. Plus500 generated total revenue in FY 2021 of $718.7…
Read More “Plus500 registers 18% Y/Y drop in FY21 revenues, secures Estonian license” »
Online trading company OANDA Japan today unveiled a set of enhancements to its OANDA Lab education section. The broker is introducing a new indicator called “OANDA_Daily_Trade_Monitor“. The indicator is for traders who use the MT4 and MT5 platforms. It is especially useful for short-term traders who prefer scalping or day trading. With this indicator, traders…
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Before we get to the top FX industry news stories of the week, we’d like to take this opportunity to thank you, our readers, for making FNG the leading FX industry news site in 2022. FNG just had a record January (visits, pageviews, email signups, social media likes…), consolidating our position as the #1 most-read…
Read More “FX week in review: Broker Super Bowl ad, ThinkMarkets pre-IPO round, FXPrimus rebrand” »
Electronic trading major Interactive Brokers LLC will have to pay a small fine for violating CME rules. This becomes clear from a notice published by CME today. The violated rule is: Rule 576. IDENTIFICATION OF GLOBEX TERMINAL OPERATORS Each Globex terminal operator shall be identified to the Exchange, in the manner prescribed by the Exchange,…
Read More “Interactive Brokers gets a slap on the wrist for violating CME rules” »
The Department of Justice (DOJ) announced today announced that Philip Reichenthal, a disbarred attorney, pleaded guilty in Manhattan federal court today to conspiracy to commit wire fraud, in connection with a scheme to defraud investors who believed they were purchasing Bitcoin. Reichenthal engaged in the scheme with Randy Craig Levine, a/k/a “Viktor Lapin,” a/k/a “Andre…
Read More “Disbarred attorney pleads guilty to $5M cryptocurrency fraud” »
Online trading company Robinhood has sought to rebuff market manipulation claims by plaintiffs in a multi-district litigation concerning the January 2021 short squeeze. The market manipulation claims are at the core of the Federal Securities tranche of the litigation. This tranche relates to all actions against Robinhood involving the Federal Securities Laws. This means that…
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The United States Securities and Exchange Commission (SEC) and BTIG have reached a settlement in principle but continue discussions over details of the settlement. This becomes clear from a document filed by the SEC in the New York Southern District Court on February 11, 2022. Let’s recall that in May 2021, the SEC took broker-dealer…
The United States Commodity Futures Trading Commission (CFTC) has confirmed that it was unable to effect service of complaint on all defendants in a lawsuit against fraudulent Forex scheme ROFX. This becomes clear from a status report submitted by the regulator at the Florida Southern District Court on February 11, 2022. The document, seen by…
Read More “CFTC confirms problems with serving defendants in ROFX case” »
