The Commodity Futures Trading Commission (CFTC) announced today that the U.S. District Court for the Southern District of Ohio entered a Consent Order for Permanent Injunction and Other Equitable Relief against Glen Galemmo finding that Galemmo fraudulently solicited individuals to place funds in a commodity pool to trade commodity futures, commodities, stocks and bonds and…
FNG Exclusive… FNG has learned via regulatory filings that Equiti Capital UK Limited, the FCA regulated institutional/B2B arm of UAE based global FX and CFDs brokerage Equiti Group, continued on its growth path in 2020, posting a healthy 17% increase in Revenue. Revenues for 2020 at Equiti Capital came in at $33.1 million, up 17%…
Read More “Exclusive: Equiti Capital posts 17% rise in 2020 Revenue to $33.1 million” »
How did eToro do in Q2 and 1H-2021? And how about Dukascopy? What’s new about PayPal’s UK crypto trading offering? What happened to Libertex’s CySEC license, partially suspended earlier this month? Which executive moves were reported involving OANDA, ETX Capital, Valutrades, and Exness? Answers to these questions and a whole lot more appeared first or…
The United States Securities and Exchange Commission (SEC) today announced that it is requesting information and public comment on matters related to the use of digital engagement practices by broker-dealers and investment advisers. These tools include behavioral prompts, differential marketing, game-like features (commonly referred to as gamification), and other design elements or features designed to…
Read More “SEC invites comments on “gamification” of trading” »
Broker technology provider Panda Trading Systems has announced that it continues to expand the functionality of its business intelligence suite, by integrating OneSignal customer messaging functionality into the system’s already rich feature list. The new integration leverages OneSignal’s position as a leader in the customer messaging vertical, allowing any broker using Panda solution to integrate…
Read More “PandaTS adds OneSignal messaging capabilities to its FX broker solution” »
The United States Department of Justice (DOJ) has opposed an attempt by former JPMorgan traders accused of spoofing to exclude the testimony of a former Morgan Stanley trader, who is now an FBI agent. As FX News Group has reported, former JPMorgan traders Gregg Smith, Michael Nowak, Jeffrey Ruffo, and Christopher Jordan have sought to…
Read More “DOJ stands behind testimony of ex-Morgan Stanley trader in spoofing case” »
Credit Suisse Group today published the agenda for the 2021 Extraordinary General Meeting (EGM) of Shareholders. Credit Suisse Group plans to hold its EGM on October 1, 2021 to elect two new members of the Board of Directors. Shareholders are requested to vote in advance by granting a power of attorney and issuing voting instructions…
Read More “Credit Suisse schedules EGM for new Board members election” »
Hong Kong’s Securities and Futures Commission (SFC) and Commercial Crime Bureau of the Police today conducted a joint operation against a Hong Kong-listed company and its former senior executives suspected of a series of corporate fraud related offences involving a total of $450 million. The operation involved a search of the office premises of the…
Read More “HK SFC, Police clamp down on $450M corporate fraud scheme” »
Compagnie Financière Tradition today posted its financial results for the first half of 2021, with revenues and profits down from the equivalent period a year earlier. Tradition registered consolidated net profit of CHF 39.1 million in the first half of 2021, compared with CHF 51.5 million in the first half of 2020 with a Group…
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AffiniPay, a fintech leader in online payments for professionals, has appointed Bryan D. Thompson as Chief Technology Officer. Bryan D. Thompson has extensive experience in financial services and tech stack building. Between 2017-2020, Mr Thompson served as Chief Technology Officer for Beyond Inc., a business services company delivering payments, payroll, and business services to small…
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