The London Metal Exchange (LME) has notified market participants that, with effect from 30 June 2021, PhillipCapital UK Limited (PCL), has changed its category of Membership from Category 4 Membership to Category 5 Membership. The Exchange has approved PCL’s change in category of Membership from Category 4 Membership to Category 5 Membership. To the extent…
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The UK Financial Conduct Authority (FCA) has confirmed that Dolfin Financial (UK) Limited has entered special administration. On 30 June 2021, the Court appointed Adam Stephens and Kevin Ley, of Smith & Williamson LLP, as Joint Special Administrators of Dolfin Financial (UK) Ltd. The Joint Special Administrators will carry out an assessment of all the…
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As FX News Group has reported, in May 2021 Saxo Bank introduced CryptoFX: a new set of instruments that enables clients to gain exposure to the volatility of prices on cryptocurrencies like Bitcoin and Ethereum. Saxo Bank has also enabled its clients to use Saxo’s OpenAPI to trade with these new instruments. The Saxo team…
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FINRA announced today that it has fined Robinhood Financial LLC $57 million and ordered the firm to pay approximately $12.6 million in restitution, plus interest, to thousands of harmed customers. The sanctions represent the largest financial penalty ever ordered by FINRA and reflect the scope and seriousness of the violations. In determining the appropriate sanctions,…
Online brokerage maverick firm Robinhood has announced another new feature which it hopes will be attractive to potential new (and existing) retail clients – the opportunity to participate in new IPO offerings, like professional and institutional investors. Robinhood said that as of today it is starting to roll out IPO Access, a new product that will…
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FNG Exclusive… FNG has learned that Singapore based Retail FX and CFDs broker Samtrade FX is planning a major international push, in two of the world’s leading jurisdictions for FX traders. Within the past several months the company has set up subsidiaries in the UK and Australia – and within the past few weeks has…
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Italy’s Companies and Exchange Commission (CONSOB) continues to issue orders for the blocking of access to unauthorized investment websites. Today, the regulator announced it has ordered the blackout of five new websites that abusively offer financial services. The websites targeted by the latest set of orders are: Kiplar Ltd (website https://kiplar.com); “AcadianAmLtd” (website www.aca-asset.com and related…
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Fintech company Spotware Systems today announced the new cTrader Mobile 4.0 release. The update comes with several valuable features for both – Android and IOS users. cTrader Copy has now entered Mobile for Android users, providing the ability to discover, select and follow copy strategies, as well as to manage investments wherever a trader is….
The United States Financial Industry Regulatory Authority (FINRA) has filed a complaint against StockKings Capital LLC and its CEO Gregory Antonius Lewis. In 2015, Lewis began raising funds for a business that he told potential investors would aggregate and analyze investor portfolios on a financial technology platform. In a series of unregistered, private securities offerings…
Leading Swiss online trading firm Swissquote and Luzerner Kantonalbank AG (LUKB) are expanding their cooperation. From January 1, 2022, LUKB will be Swissquote’s exclusive partner for mortgages. The two banks will jointly offer Swissquote’s clients attractive terms for online mortgages for home financing and mortgage redemption. Swissquote and LUKB are aiming to provide binding financing…
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