Japanese online trading Monex Group, Inc (TYO:8698) has announced its plans concerning Tokyo Stock Exchange’s new market segments. Monex says that it received the results of the initial assessment of its compliance with the listing standards of the new market segments from the TSE. The broker is in compliance with the listing standards of the…
Read More “Monex to apply for Prime Market listing on Tokyo Stock Exchange” »
FNG Exclusive… During a year which saw many of its competitors report record trading volumes, revenues and profits, ADS Securities London Limited – the FCA regulated UK arm of UAE-based FX broker ADSS – went in the opposite direction. FNG has learned via regulatory filings that ADSS UK saw a 38% decline in Revenues in…
Read More “Exclusive: ADSS UK Revenues down 38% in 2020 amid management turnover” »
Online brokerage firm UP Fintech Holding Limited (NASDAQ:TIGR), also known as Tiger Brokers, today announced that it has received approval from the Hong Kong Securities and Futures Commission (SFC) to complete the acquisition of Ocean Joy Securities Limited (OJSL). Ocean Joy Securities is a firm licensed with the SFC for Type I (Dealing in Securities)…
Read More “UP Fintech gets SFC approval for acquisition of Ocean Joy Securities” »
Hong Kong’s Securities and Futures Commission (SFC) has banned Mr Lau Tin Yau, a former relationship manager of Standard Chartered Bank (Hong Kong) Limited (SCBHK) and former execution dealer of UOB Kay Hian (Hong Kong) Limited (UOB) and UOB Kay Hian Futures (Hong Kong) Limited (UOB Futures), from re-entering the industry for life. The disciplinary…
Read More “HK watchdog bans former StanChart relationship manager” »
Westpac Banking Corporation announces that Steven Harker has decided to retire from the Board. Mr Harker joined the Board in March 2019 and has been a member of the Board Audit, Board Legal, Regulatory & Compliance and Board Remuneration Committees. Mr McFarlane, Chairman of the Board, said “On behalf of the Board, I would like…
The proceedings brought by the United States Commodity Futures Trading Commission (CFTC) against fraudulent binary options scheme Yukom Communications and a number of individuals and entities linked to it continue at the Illinois Northern District Court. There is, however, little progress, if any, to report. On January 27, 2021, a hearing was held before the…
Read More “CFTC lawsuit against binary options scam Yukom Communications continues” »
NYLIFE Securities LLC has agreed to pay a fine of $200,000 fine as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). The fine stems from alleged violations of FINRA Rules 3110 and 2010. From January 2015 through March 2019, NYLIFE Securities failed to establish, maintain, and enforce a supervisory system, including…
Read More “FINRA imposes $200,000 fine on NYLIFE Securities” »
The United States Commodity Futures Trading Commission (CFTC) and William S. Evans, III, a defendant in a lawsuit over a $10 million fraudulent scheme, appear to be close to settling a case that started in May 2021. This becomes clear from a status report recently filed by the CFTC in the Kentucky Eastern District Court. The…
Read More “CFTC reaches settlement in principle with head of $10M fraudulent trading scheme” »
Poland based Retail FX and CFDs brokerage group XTB (WSE:XTB) has reported its financial results for Q3-2021, indicating that the company bounced back nicely from what was a very disappointing Q2 at XTB. In Q3, XTB reported Revenues of PLN 196.6 million (USD $49 million) and Net Profit of PLN 101.5 million ($25 million) –…
Read More “XTB rebounds in Q3 with Revenues up 256% QoQ to $49 million” »
The United States Securities and Exchange Commission (SEC) has taken action against Ann M. Vick, a founder of AMV Investments LLC. According to the SEC’s complaint filed in the Colorado District Court on October 25, 2021, beginning in approximately August 2018, investment adviser Vick, directly and through AMV, an entity that she formed and controls,…
