The United States Securities and Exchange Commission (SEC) has taken German Nino, a registered representative and investment adviser representative associated with UBS Financial Services Inc, to Court over a theft of $5.8 million from a client. According to the SEC’s complaint, submitted at the Florida Southern District Court on Friday, January 21, 2022, between May…
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The directors of Robinhood Markets face a derivative lawsuit over their alleged misconduct which caused damage to the company and its investors. The lawsuit was brought by Robert Zito, a stockholder of Robinhood. The complaint, seen by FX News Group, is for the benefit of nominal defendant Robinhood Markets, Inc., and is against Robinhood’s Board…
Read More “Investors accuse Robinhood CEO Vlad Tenev of unjust enrichment” »
JKO Play Limited, the acquisition entity set up by former Formula 1 owner Eddie Jordan and ex Ladbrokes executive Keith O’Loughlin, has issued a brief statement that it is does not intend to make an offer for Playtech (LON:PTEC). The Eddie Jordan group emerged as a potential bidder for online gaming and financial services company…
Read More “Eddie Jordan group withdraws from Playtech acquisition race” »
Shares of online gaming tech and financial services company Playtech plc (LON:PTEC) traded down by 26% on Friday, after news broke that a competing bid for the company from JKO Play was not going to happen. Before markets opened on Friday, JKO Play – set up by former Formula 1 owner Eddie Jordan and ex…
Read More “Playtech share price dives 26% after Eddie Jordan group withdraws” »
TradingView has enabled instant synchronization of drawing objects. This new functionality will be useful for those working in multiple browser tabs at once, on multiple devices, or in a browser and desktop app at the same time. Now traders don’t need to reload charts to see changes made elsewhere. With the new ability to instantly sync…
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About a month after the Department of Justice (DOJ) urged the United States Court of Appeals for the Seventh Circuit to uphold the wire fraud convictions of James Vorley and Cedric Chanu, the former Deutsche Bank traders have responded to the DOJ’s brief. The document, filed by Vorley and Chanu on January 21, 2022, uses…
Read More “Former Deutsche Bank traders seek to overturn wire fraud convictions” »
StoneX Group Inc (NASDAQ:SNEX) has published detailed compensation data concerning its top management, including Glenn Stevens, the former CEO of online trading company GAIN Capital, which was acquired by StoneX in the summer of 2020. Mr Stevens, who joined StoneX as Head of Retail and Foreign Exchange on August 1, 2020, earned a bonus of…
Read More “StoneX Head of Retail and FX Glenn Stevens earns $1.17M performance bonus in 2021” »
While last week was all about FX broker acquisitions and financial results, this week was capital raising, regulator action and executive moves. What does CySEC-licensed Retail FX broker Skilling plan to do with the fresh €10 million in capital it just raised? Why did the FCA start to take action against some EU licensed brokers…
On Sunday, May 1, 2022 to support increased client demand for cryptocurrency futures and options products, CME Group will launch two new dedicated cryptocurrency market data channels on CME Globex. In conjunction with the cryptocurrency channel migration the market segment ID will update for MDP 3.0, MSGW iLink and MSGW Drop Copy. This update will…
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The adversary proceedings against Forex broker AFX Capital Markets have been adjourned again. This is made clear by a document submitted by counsel for Ronald J. Friedman, Esq, at the New York Eastern Bankruptcy Court on January 20, 2022. The document, seen by FX News Group, states that the Pre-Trial Conferences in the adversary proceedings,…
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