The UK Financial Conduct Authority (FCA) has published a Decision Notice against BlueCrest Capital Management (UK) LLP (BCMUK) setting out its decision to impose a financial penalty of £40,806,700 on the firm. BCMUK has elected to refer the case directly to the Upper Tribunal which will determine the appropriate action, if any, for the FCA…
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The United States Securities and Exchange Commission (SEC) is warning that fraudulent digital asset scheme Meta 1 Coin continues to operate. On December 21, 2021, the regulator provided a status report to the Texas Western District Court on its action against crypto scam Meta 1 Coin Trust. Let’s recall that the SEC launched this case…
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After launching a Share CFDs Directory earlier this quarter, Australia based and regulated Retail FX and CFDs broker FP Markets has announced that it has expanded its offering by adding new products on the FP Markets MT4 and MT5 Platforms. FP Markets said that it continues to set the benchmark in CFDs and Forex and…
Read More “FP Markets expands Bonds, Crypto CFDs, Commodities and Equities offering on MT4/MT5” »
Forex and crypto broker tech provider Match-Trade Technologies has released a number of updates and upgrades to its Match-Trader FX/Crypto Broker platform. News Widget Match-Trade said that it has added a News Widget to its platform so that traders can check the news about specific currency pairs, companies and economic events without leaving the platform. This…
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Japanese Forex broker FOREX.com today issued a warning regarding the Turkish lira (TRY). The broker notes that the Turkish lira is volatile due to political and economic events. In some cases, liquidity may plummet and additional measures may be taken by FOREX.com or the Turkish government authorities. These measures comprise restrictions on transactions, including suspension…
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The UK Advertising Standards Authority (ASA) today issued a ruling against Skrill Ltd for a piece of advertising involving cryptocurrencies that was found to be misleading. The ad in question is a paid-for Reddit ad for Skrill, an online wallet and money transfer service, seen on 31 July 2021. The ad included text which stated…
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More than six months have passed since the Court appointed Rust Consulting to serve as Distribution Agent for the Fair Fund comprising $40 million in penalties paid by Elon Musk and Tesla Inc as a part of a settlement with the Securities and Exchange Commission (SEC). It turns out, however, that the distribution procedure has…
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The UK Prudential Regulation Authority (PRA) has imposed a fine of £5,376,000 on Metro Bank plc for failing to act with due skill, care and diligence in relation to the regulatory reporting of its capital position and for failings in its regulatory reporting governance, controls and investment with respect to its Common Reporting (COREP) returns…
Read More “PRA fines Metro Bank £5.4M for reporting and controls failures” »
Electronic trading major Interactive Brokers continues to expand its news and research offering. Clients of the broker enjoy access to dozens of free and premium market research and news providers. Interactive Brokers has recently made additional news and research providers available on the IBKR Platform. New providers include: MacroRisk Analytics The company was created by…
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Swiss online trading firm Swissquote is further expanding its cryptocurrency lineup via the addition of Avalanche (AVAX). Developed by Emin Gün Sirer in 2018 and officially launched in 2020, Avalanche is an open source platform based on Proof of Stake (PoS) validation. It enables the development of decentralised applications (DeFi), tokens and interoperable blockchains. To…
