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The Australian Securities and Investments Commission (ASIC) has moved to shut down unlicensed financial services business A One Multi Services Pty Ltd, which is suspected to be engaging in unlawful activity. ASIC successfully obtained interim orders and injunctions from the Federal Court in Queensland against A One Multi and its Gold Coast-based directors Aryn Hala…

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Credit Suisse today posted its financial report for the third quarter of 2021. Credit Suisse reported a pre-tax income of CHF 1.0 billion for the third quarter of 2021. The result benefited from a positive impact relating to Archegos of CHF 235 million, mainly due to a release of provision for credit losses pertaining to…

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Verena Ross started in her new position as Chair of the European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, today. Ms Ross replaces Steven Maijoor, the former Chair, and is appointed for a five-year term, renewable once. A German national, she was Executive Director at ESMA from 2011 to 2021, having previously…

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Cyprus financial regulator CySEC has announced that it is recalling the suspension of the CIF license authorisation of Depaho Ltd. Depaho operates the FXGM retail forex brokerage brand, at website fxgm.com, as well as TradeApp (tradeapp.com) and GTCM (gtcm.com). CySEC first suspended Depaho’s CIF license in July, extending the suspension twice in September and October….

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The United States Attorney for the Southern District of New York announced today that Donald Blackstad, a stock trader and the owner and principal of an investment fund known as Midcontinental Petroleum, was sentenced to 36 months in prison for committing insider trading and orchestrating a securities offering fraud scheme. Let’s recall that, in June…

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FNG has learned that seasoned FX industry executive Tim Rudland has joined ThinkMarkets’ new institutional FX operation, Liquidity.net, as Liquidity Manager. Tim Rudland had been with FXCM’s institutional and B2B services arm FXCM Pro for the past two years, serving as VP Institutional Sales. Prior to FXCM he spent four years at GKFX and six…

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Online brokerage firm Robinhood has announced that it now supports Directed Share Programs (“DSPs”) through its IPO Access program, as a way to facilitate meaningful, community-driven access to IPOs. A DSP gives an issuing company the chance to set aside a certain amount of shares, at the IPO price, for a specific group of people….

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Multi-asset investment company Saxo Bank has updated its Crypto & Blockchain basket. Three companies have been added to the Crypto & Blockchain equity theme basket extending the basket to 26 companies covering the industry across many different activities. Saxo has added Bakkt Holdings, Stronghold Digital Mining, and CoinShares International, which together with the other companies…

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Social trading focused broker NAGA Group AG (ETR:N4G) has announced the launch of its payment platform NAGA Pay, with UK / European payments and VISA debit card. The program from NAGA Pay combines an IBAN account, a VISA debit card, a brokerage account, copy trading and physical crypto wallets, the latter being subject to licensing….

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KX has announced a significant update to KX Insights, its cloud-first real-time data analytics platform, making the power of KX accessible and easy to use by developers. For Python developers and data scientists, this latest release makes it easy to leverage the best-in-class performance of KX through a truly Python-first interface. Analyst company SlashData has…

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