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The legal action brought by the United States Commodity Futures Trading Commission (CFTC) against GNTFX operator Casper Mikkelsen continues at the New York Southern District Court. Mikkelsen is charged with engaging in an FX fraud scheme and registration violations. The regulator has pushed for a default judgment against the Forex fraudster and is now seeking…

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Less than two months after Benjamin Chang, a victim of a Ponzi scheme operated by Haena Park, submitted an amended complaint against Interactive Brokers, the electronic trading major has sought to rebuff the allegations in the amended complaint. On February 7, 2022, Interactive Brokers filed a motion to dismiss the amended complaint in the California…

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Multi-asset investment company Saxo Bank is in the process of reviewing all of its current 21 theme baskets. There two baskets already that the bank has left unchanged and these are Women in Leadership and the Defence basket. Following a review of its NextGen Medicine basket Saxo has chosen to update the basket by removing…

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CQG, a leading global provider of high-performance technology solutions for traders, brokers, commercial hedgers, and exchanges, today announced a set of features and enhancements that are available in CQG Integrated Client (CQG IC) version 2022. UDS and Strategy Analysis Upgrade The UDS functionality has been significantly updated with many more strategies and the ability to…

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BTIG announced today that Alex Alden has joined the firm as a Managing Director and Head of Financial Institutions and Financial Technology within its Investment Banking division. Alex Alden

Invesco today listed its first Exchange-Traded Funds (ETFs) on the Tel Aviv Stock Exchange (TASE). The move reflects the growing demand for ETFs in Israel and the popularity of Invesco’s product suite. The direct listing will simplify access for investors and support Invesco’s ambition for further market share in a key jurisdiction. The firm plans…

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The Securities and Exchange Commission (SEC) today charged Michael M. Beck, who uses the Twitter handle @BigMoneyMike6, with deceiving investors into buying penny stocks that he recommended, even though he secretly planned to sell those stocks and, in some cases, was in the process of selling them when he made the recommendations. The SEC’s complaint…

Read More “SEC charges stock promoter behind TeamBillionaire group with fraud” »

Several months after the victims of Forex scheme ROFX took the firm to Court, the US regulators also took action against the fraudulent enterprise. On January 27, 2022, the United States Commodity Futures Trading Commission (CFTC) filed a complaint at the Florida Southern District Court targeting ROFX and a number of entities and individuals associated…

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Australian Forex and CFD broker Pepperstone announces that it will be the major partner of the South East Melbourne Phoenix basketball team for the NBL22 season. Established in 2010, Pepperstone has grown to become an award-winning online global forex and CFD broker known for delivering exceptional client service. Australia is a key market for Pepperstone;…

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Cboe Global Markets, Inc today reported financial results for the 2021 fourth quarter and full year. Global FX net revenue for the final quarter of 2021 amounted to $14.8 million, marking a growth of 6%, driven by higher net transaction and clearing fees. ADNV traded on the Cboe FX platform was $33.7 billion for the…

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