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Online brokerage firm UP Fintech Holding Limited (NASDAQ:TIGR), also known as Tiger Brokers, today announced that it has received approval from the Hong Kong Securities and Futures Commission (SFC) to complete the acquisition of Ocean Joy Securities Limited (OJSL). Ocean Joy Securities is a firm licensed with the SFC for Type I (Dealing in Securities)…

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FNG Exclusive… During a year which saw many of its competitors report record trading volumes, revenues and profits, ADS Securities London Limited – the FCA regulated UK arm of UAE-based FX broker ADSS – went in the opposite direction. FNG has learned via regulatory filings that ADSS UK saw a 38% decline in Revenues in…

Read More “Exclusive: ADSS UK Revenues down 38% in 2020 amid management turnover” »

Westpac Banking Corporation announces that Steven Harker has decided to retire from the Board. Mr Harker joined the Board in March 2019 and has been a member of the Board Audit, Board Legal, Regulatory & Compliance and Board Remuneration Committees. Mr McFarlane, Chairman of the Board, said “On behalf of the Board, I would like…

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The proceedings brought by the United States Commodity Futures Trading Commission (CFTC) against fraudulent binary options scheme Yukom Communications and a number of individuals and entities linked to it continue at the Illinois Northern District Court. There is, however, little progress, if any, to report. On January 27, 2021, a hearing was held before the…

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NYLIFE Securities LLC has agreed to pay a fine of $200,000 fine as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). The fine stems from alleged violations of FINRA Rules 3110 and 2010. From January 2015 through March 2019, NYLIFE Securities failed to establish, maintain, and enforce a supervisory system, including…

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Poland based Retail FX and CFDs brokerage group XTB (WSE:XTB) has reported its financial results for Q3-2021, indicating that the company bounced back nicely from what was a very disappointing Q2 at XTB. In Q3, XTB reported Revenues of PLN 196.6 million (USD $49 million) and Net Profit of PLN 101.5 million ($25 million) –…

Read More “XTB rebounds in Q3 with Revenues up 256% QoQ to $49 million” »

The United States Commodity Futures Trading Commission (CFTC) and William S. Evans, III, a defendant in a lawsuit over a $10 million fraudulent scheme, appear to be close to settling a case that started in May 2021. This becomes clear from a status report recently filed by the CFTC in the Kentucky Eastern District Court. The…

Read More “CFTC reaches settlement in principle with head of $10M fraudulent trading scheme” »

Deutsche Bank Securities Inc. (DBSI) and Deutsche Bank AG (DBAG) have responded to accusations about market manipulation. On October 25, 2021, Deutsche Bank argued that the Court has to dismiss the complaint against it for failure to state a claim. Let’s recall that the plaintiffs bring a consolidated class action Complaint for alleged manipulation in…

Read More “Deutsche Bank opposes spoofing allegations” »

The United States Securities and Exchange Commission (SEC) has taken action against Ann M. Vick, a founder of AMV Investments LLC. According to the SEC’s complaint filed in the Colorado District Court on October 25, 2021, beginning in approximately August 2018, investment adviser Vick, directly and through AMV, an entity that she formed and controls,…

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Retail FX broker Samtrade FX has announced that it has partnered with Centroid Solutions. This partnership will see Samtrade FX offering their multi-asset liquidity to clients worldwide, via Centroid Solution’s technology, Centroid Gateways, an institutional grade connectivity, liquidity management, execution and reporting system, in addition to deploying the Centroid24 risk management system. Alfred Yue, Head…

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