Category: forex news

HotForex Granted License by the Capital Markets Authority (CMA) of Kenya

Posted on By xiaoya No Comments on HotForex Granted License by the Capital Markets Authority (CMA) of Kenya

January 2022 – The HF Markets Group has announced today that the HotForex brand is now licensed and regulated by the Capital Markets Authority (CMA) of Kenya through HFM Investments Limited, under license number 155.A spokesperson for HotForex commented, “This new license marks a new milestone in the steady growth of HotForex, which has become…

Read More “HotForex Granted License by the Capital Markets Authority (CMA) of Kenya” »

forex news

NFT Investments plans £96M acquisition of Pluto Digital

Posted on By admin No Comments on NFT Investments plans £96M acquisition of Pluto Digital

NFT Investments (AQSE:NFT) has entered into a non-binding letter of intent (LOI) for the acquisition of Pluto Digital PLC, a crypto technology and venture company, for a consideration of £96 million. The acquisition, which is conditional on shareholder approval, will create a significant global metaverse company and advance NFT’s investments in the non-fungible tokens sector…

Read More “NFT Investments plans £96M acquisition of Pluto Digital” »

forex news

SEC goes after former UBS adviser for $5.8M theft

Posted on By admin No Comments on SEC goes after former UBS adviser for $5.8M theft

The United States Securities and Exchange Commission (SEC) has taken German Nino, a registered representative and investment adviser representative associated with UBS Financial Services Inc, to Court over a theft of $5.8 million from a client. According to the SEC’s complaint, submitted at the Florida Southern District Court on Friday, January 21, 2022, between May…

Read More “SEC goes after former UBS adviser for $5.8M theft” »

forex news

Investors accuse Robinhood CEO Vlad Tenev of unjust enrichment

Posted on By admin No Comments on Investors accuse Robinhood CEO Vlad Tenev of unjust enrichment

The directors of Robinhood Markets face a derivative lawsuit over their alleged misconduct which caused damage to the company and its investors. The lawsuit was brought by Robert Zito, a stockholder of Robinhood. The complaint, seen by FX News Group, is for the benefit of nominal defendant Robinhood Markets, Inc., and is against Robinhood’s Board…

Read More “Investors accuse Robinhood CEO Vlad Tenev of unjust enrichment” »

forex news

OctaFX Releases List of Top 2021 Events that Affected the Financial Market

Posted on By xiaoya No Comments on OctaFX Releases List of Top 2021 Events that Affected the Financial Market

The U.S. dollar’s tumultuous journey through quantitative easing (QE)During the COVID-19 crisis, the U.S. Federal Reserve (Fed) and the European Central Bank (ECB)—the central banks that issue the world’s reserve currencies—flooded the financial markets with new money. The official reason stated was helping the suffering economy because of the pandemic.Therefore, U.S. president Joe Biden’s proposal…

Read More “OctaFX Releases List of Top 2021 Events that Affected the Financial Market” »

forex news

3 Markets Brokers Should Eye for Growth in 2022 (Series I) —Africa

Posted on By xiaoya No Comments on 3 Markets Brokers Should Eye for Growth in 2022 (Series I) —Africa

At the beginning of a new year, we assess in this series of articles what are the expectations for trading companies to operate in different parts of the world and how will the volume of demand and competition among companies be in the new year.We also review the strengths and weaknesses that distinguish the field…

Read More “3 Markets Brokers Should Eye for Growth in 2022 (Series I) —Africa” »

forex news

Eddie Jordan group withdraws from Playtech acquisition race

Posted on By admin No Comments on Eddie Jordan group withdraws from Playtech acquisition race

JKO Play Limited, the acquisition entity set up by former Formula 1 owner Eddie Jordan and ex Ladbrokes executive Keith O’Loughlin, has issued a brief statement that it is does not intend to make an offer for Playtech (LON:PTEC). The Eddie Jordan group emerged as a potential bidder for online gaming and financial services company…

Read More “Eddie Jordan group withdraws from Playtech acquisition race” »

forex news

Playtech share price dives 26% after Eddie Jordan group withdraws

Posted on By admin No Comments on Playtech share price dives 26% after Eddie Jordan group withdraws

Shares of online gaming tech and financial services company Playtech plc (LON:PTEC) traded down by 26% on Friday, after news broke that a competing bid for the company from JKO Play was not going to happen. Before markets opened on Friday, JKO Play – set up by former Formula 1 owner Eddie Jordan and ex…

Read More “Playtech share price dives 26% after Eddie Jordan group withdraws” »

forex news

Former Deutsche Bank traders seek to overturn wire fraud convictions

Posted on By admin No Comments on Former Deutsche Bank traders seek to overturn wire fraud convictions

About a month after the Department of Justice (DOJ) urged the United States Court of Appeals for the Seventh Circuit to uphold the wire fraud convictions of James Vorley and Cedric Chanu, the former Deutsche Bank traders have responded to the DOJ’s brief. The document, filed by Vorley and Chanu on January 21, 2022, uses…

Read More “Former Deutsche Bank traders seek to overturn wire fraud convictions” »

forex news

StoneX Head of Retail and FX Glenn Stevens earns $1.17M performance bonus in 2021

Posted on By admin No Comments on StoneX Head of Retail and FX Glenn Stevens earns $1.17M performance bonus in 2021

StoneX Group Inc (NASDAQ:SNEX) has published detailed compensation data concerning its top management, including Glenn Stevens, the former CEO of online trading company GAIN Capital, which was acquired by StoneX in the summer of 2020. Mr Stevens, who joined StoneX as Head of Retail and Foreign Exchange on August 1, 2020, earned a bonus of…

Read More “StoneX Head of Retail and FX Glenn Stevens earns $1.17M performance bonus in 2021” »

forex news