The UK Financial Conduct Authority (FCA) today issued a notice regarding Log4Shell. The regulator says it is aware of a remote code execution vulnerability (CVE-2021-44228) that is affecting multiple versions of the Apache Log4j 2 library. The National Cyber Security Centre (NCSC) is aware that scanning for this vulnerability has been detected in the UK…
The United States Financial Industry Regulatory Authority (FINRA) has added its voice to the growing chorus of regulators and institutions warning of the “Log4Shell” vulnerability in Apache Log4j software. FINRA has issued an alert to member firms about a recently identified vulnerability in Apache Log4J software, which is an open-source, Java-based logging utility widely used…
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Schwab today launched the Schwab Starter Kit™, a new experience that will provide beginner investors with $50 to split across the top five stocks in the S&P 500, access to tailored educational content designed to be easily digestible for someone getting started, and curated easy-to-use investing tools and resources. Schwab combined with TD Ameritrade has…
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The United States Securities and Exchange Commission (SEC) today proposed amendments to Rule 10b5-1 under the Securities Exchange Act of 1934 to enhance disclosure requirements and investor protections against insider trading. The proposal includes updates to Rule 10b5-1(c), which provides an affirmative defense to insider trading for parties that frequently have access to material nonpublic…
Clearstream, part of Deutsche Börse Group, has launched a central register for electronic securities in Germany, supporting first dematerialised issuances conducted by Deka Bank as well as MünchenerHyp in cooperation with DZ BANK. With this step, Deutsche Börse introduces the first live component of its recently announced platform D7, a regulatory compliant, fully digital post-trade…
Read More “Clearstream processes first dematerialised issuances on D7” »
FNG Exclusive… It looks like Japan’s largest Retail FX broker is taking leave of its regulated business in the UK. FNG has learned that GMO-Z.com Trade UK Ltd, the London arm of Japan’s GMO Click Securities (and ultimately of publicly traded parent company GMO Internet Inc. TYO:9449) has made an application to have its FCA…
Read More “Exclusive: GMO-Z.com Trade UK applies to cancel FCA license” »
Japanese FX, CFD and stock brokerage Rakuten Securities, a subsidiary of Internet services provider Rakuten Inc (TYO:4755), continues to expand its offering of trading instruments. Today, the broker announced it will add stocks of 100 US-listed companies to the lineup of trading instruments. The list of new additions includes Grab Holdings Ltd (NASDAQ:GRAB), which operates…
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Hong Kong’s Securities and Futures Commission (SFC) has reprimanded Mason Securities Limited (MSL), formerly known as GuocoCapital Limited (GCL), and fined it $3.6 million for failing to ensure proper certification of client identity before approving account opening and have in place controls for the identification of third party deposits, contrary to anti-money laundering and counter-terrorist…
Read More “HK watchdog fines Mason Securities $3.6M for AML requirement breaches” »
Electronic trading major Interactive Brokers has boosted the functionalities of Client Portal, its web application that serves as traders’ one-stop destination to check quotes and place trades, see account balances, P&L and key performance metrics, as well as funding and reporting. Interactive Brokers has made several portfolio improvements including the addition of a new Cash…
Read More “Interactive Brokers introduces portfolio improvements in Client Portal” »
The Dutch Authority for the Financial Markets (AFM) has published the latest edition of its Consumer Investments Monitor. The report shows that, in 2021, the number of investing households increased by 12% to 1.9 million. During the past year, the need for higher returns was the primary reason to start investing. The majority have chosen…
Read More “Nearly 2M households invest in financial instruments in the Netherlands” »
