Credit Suisse announces the appointment of Joseph Wolf as CEO of Credit Suisse Financial Services (Israel) Ltd., subject to the relevant approvals, as of April 4, 2022. Joseph Wolf brings some 27 years of banking experience, with a focus on the Israeli technology sector. Most recently in his 14 years with Barclays, he was Deputy…
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Online trading company Plus500 Ltd (LON:PLUS) today provided a trading update for the financial year ended 31 December 2021. FY 2021 revenue was approximately $718 million, with the result for Q4 2021 being approximately $160 million. Let’s note that the revenues for the third quarter of 2021 amounted to $211.4 million. Hence, the final quarter of…
Read More “Customer trading activity fuels Plus500 revenues in FY21” »
About a month after Robinhood was hit with another class action complaint related to its actions during the January short squeeze, the online trading company has responded to the accusations. This is a class action on behalf of persons or entities who held common stock in AMC Entertainment Holdings, Inc., Bed Bath & Beyond Inc.,…
Read More “Robinhood responds to market manipulation claims in short squeeze lawsuit” »
Retail FX, CFD and crypto broker eToro has announced the appointment of Callie Cox as Investment Analyst for the U.S. market. In her new role, Callie will be responsible for providing expert analysis of U.S. market trends and sharing practical insights that empower eToro users to make the investment decisions that are right for them….
Read More “eToro expands US presence hiring Ally analyst Callie Cox” »
The United States Commodity Futures Trading Commission (CFTC) is facing a complex discovery process in its lawsuit against Forex Ponzi scam Highrise Advantage, as the number of victims and the size of losses is higher than initially estimated. This becomes clear from documents filed by the regulator in the Florida Middle District Court earlier this…
Read More “CFTC estimates number of Highrise Advantage victims exceeds 1,400” »
FNG Exclusive… FNG has learned that longtime HotForex senior executive Andreas Lambrou has left the company, joining CySEC-licensed rival Key Way Group, which operates the Capex.com Retail FX brand. Since 2016 Andreas Lambrou was Group Head of Finance and Accounting at HF Markets, which operates the HF Markets (in the EU) and HotForex (offshore) Retail…
Read More “Exclusive: Andreas Lambrou leaves HotForex to become CFO of Capex.com” »
Digital infrastructure company Equinix, Inc. (NASDAQ:EQIX) has announced the appointment of Jon Lin to the position of EVP & General Manager, Data Center Services, effective immediately. In this newly created role, Mr Lin will be responsible for driving the performance of the Equinix Data Center Services portfolio, developing and leading execution of a comprehensive and…
Read More “Equinix appoints Jon Lin as EVP & GM, Data Center Services” »
For the first week of 2022 the top Forex Industry News story was clearly the one which emerged from Singapore, with that country’s regulator and police force effectively shutting offshore Retail FX broker Samtrade FX. Samtrade had been operating out of Singapore without being licensed there. Oh – and three of its top officials were…
The UK Financial Conduct Authority (FCA) today provided an update regarding London Capital & Finance (LCF) complaints. The FCA standard approach to complaints is that any complaint about the FCA should be made within 12 months of the date on which the complainant first became aware of the circumstances giving rise to their complaint. Therefore,…
Read More “FCA to accept London Capital & Finance complaints until March 17, 2022” »
CMC Markets Plc (LON:CMCX), a major provider of online trading and institutional technology solutions, today reported transactions in its shares by senior managers. Euan William Marshall, Chief Financial Officer of CMC Markets, and David John Fineberg, Deputy Chief Executive Officer, acquired shares in the broker under the incentives plan. Mr Marshall acquired 114 shares in…
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