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John Won, president of GNS Capital, doing business as ForexNPower, was convicted by a federal jury in Brooklyn on November 9, 2021, of all five counts of an indictment charging him with securities fraud, wire fraud and money laundering conspiracies, as well as substantive securities fraud. The verdict followed a week-long trial before United States…

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Shortly after introducing crypto trading to its clients, Public.com is adding 10 crypto assets to its offering. The new additions include: Solana ($SOL) Terra ($LUNA) Uniswap ($UNI) Avalanche ($AVAX) Chainlink ($LINK) Polygon ($MATIC) Algorand ($ALGO) SushiSwap ($SUSHI) Basic Attention Token ($BAT) Ren ($REN). These tokens are added to a lineup of cryptos which includes: Bitcoin…

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The United States Securities and Exchange Commission (SEC) today instituted proceedings against American CryptoFed DAO LLC, a Wyoming-based organization, halting the effectiveness of the company’s registration of two digital tokens as securities. In the SEC’s order instituting proceedings, the Enforcement Division alleges that on Sept. 16, 2021, American CryptoFed filed a materially deficient and misleading…

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Creditors and former clients of bankrupt Australian Retail FX broker Union Standard International Group Pty Ltd, which operated the USGFX brand, are going to have to wait a little longer to find out just how much money they will be getting back. USGFX liquidator BRI Ferrier put out an updated fact sheet and timetable, following…

Read More “USGFX bankruptcy final hearing to be held October 28-29” »

France’s Financial Markets Authority (AMF) has announced the imposition of a EUR 300,000 fine on Polish broker X-Trade Brokers Dom Maklerski for breaches of its professional obligations due to the activities of its French branch. During the period between November 2013 and February 2020, X-Trade Brokers Dom Maklerski offered to its clients, through its branch…

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Nasdaq (NASDAQ:NDAQ) today announced the launch of options contracts on the OMX Stockholm 30 ESG index. With the new contracts, Nasdaq’s ESG derivatives offering now includes both options and futures contracts based on the world´s first ESG benchmark index, which has grown into one of the most traded indexes in Europe since being launched in…

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FNG Exclusive… The copy trading world is getting a little more crowded. FNG has learned that Michael Berman, the longtime CEO of Australia based trading strategies provider PsyQuation, has launched a new licensed copy trading venture called Ditto, at website ditto.trade. Michael Berman

Global institutional investment network Liquidnet today announced the appointment of Nicholas Stephan as Global Head of Fixed Income Product, Services and Dealer Relations. The appointment is the latest in a series of hires in EMEA and the Americas that has significantly increased the size and expertise of the fixed income team since Liquidnet’s acquisition by…

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The UK Competition and Markets Authority (CMA) has served an initial enforcement order under section 72(2) of the Enterprise Act 2002 in relation to the anticipated acquisition of IHS Markit Ltd. by S&P Global Inc. Let’s recall that, on 20 October 2021, the parties offered undertakings in lieu of reference to the CMA for the purposes…

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Sydney, Australia based online CFDs broker TMGM has announced that it is the Official Online Trading Platform of the upcoming AFF Suzuki Cup. The AFF Suzuki Cup is a biennial football competition organised by the ASEAN Football Federation (AFF). Through this deal brokered by SPORTFIVE, the exclusive commercial partner of the AFF Suzuki Cup, TMGM…

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