Nomura Securities International, Inc got a fine of $50,000 as a part of a settlement with CME Group. According to a notice of disciplinary action, Nomura violated CBOT Rule 980.B.3. Let’s note that the firm neither admitted nor denied the rule violation. CBOT Rule 980 says: “REQUIRED RECORDS AND REPORTS B. Each clearing member shall…
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FNG Exclusive… FNG has learned from filings that Geneva based Retail FX broker Dukascopy Bank SA has seen a severe and continued drop-off in activity, with first-half 2021 revenues being the company’s lowest result in several years. Revenues at Dukascopy (or what the company terms “Result from trading activities”) came in at CHF 10.95 million…
Read More “Exclusive: Dukascopy revenues fall 23% in 1H-2021 to CHF 11 million” »
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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The United States Commodity Futures Trading Commission (CFTC) today issued an order filing and simultaneously settling charges against Cody Malosi Wilson of Idaho Falls, Idaho for failing to register as a commodity pool operator (CPO) and failing to comply with CFTC regulations regarding CPOs. The order requires Wilson to pay a $150,000 civil monetary penalty…
The Australian Securities and Investments Commission (ASIC) today published its Corporate Plan 2021-25, outlining its priorities over the next four years. The product intervention orders for CFDs and binary options which took effect earlier in 2021 are among the foci for the regulator. ASIC affirms that it will: Monitor compliance with the contracts for difference…
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DigitalX Limited (ASX:DCC) today announces the appointment of Mr Jonathon Carley as the Company’s Acting Chief Operating Officer. Jonathon Carley
Japanese FX, CFD and stock broker Rakuten Securities is expanding its lineup of exchange-traded funds (ETFs). The company announced today that it is adding 20 ETFs managed by US company First Trust. The new instruments will become available to trade on Monday, August 30, 2021. One of the additions, for instance, is the First Trust…
Shares of gaming and forex affiliate company Catena Media plc (STO:CTM) traded down by 13% on Wednesday, after the company reported disappointing Q2 results. Although Catena titled their results release “Another strong quarter of revenue growth and forward momentum”, and in the first line of the release touted a revenue increase of 9%, that was…
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Retail FX and CFDs broker eToro has released summary Q2 financial and operating results, indicating continued but slowing growth. The social trading focused broker, which is on track to go public at a $10 billion valuation via a SPAC merger later this year, said that Q2-2021 financial highlights included: 2.6 million new registered users, up…
Read More “eToro Revenues hit $291 million in Q2-2021, up 8% QoQ” »
The United States Securities and Exchange Commission (SEC) has announced the temporary suspension of trading in the securities of ChineseInvestors.com, Inc. (CIIX) commencing at 9:30 a.m. EDT on August 25, 2021 and terminating at 11:59 p.m. EDT on September 8, 2021. The SEC temporarily suspended trading in the securities of the foregoing company due to…
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