A lawsuit brought by Richard Usher, a former Forex trader known for his participation in the “Cartel” chatroom, continues at the District Of Columbia District Court. In this case, the trader accuses the Department of Justice (DOJ) of illegally preventing him from accessing and using documents from the criminal proceedings against him in another case….
Read More “DOJ seeks to nix case brought by Forex Cartel trader” »
Popular French football club Paris Saint-Germain (PSG) has announced a multi-year partnership agreement with crypto trading platform Crypto.com, which will see Crypto.com become the Official Cryptocurrency Platform Partner of the Parisian club. The partnership will also include the release of exclusive Non-Fungible Tokens (NFTs) on Crypto.com’s native NFT platform: Crypto.com/NFT. In addition, for the first…
Read More “Crypto.com signs $30M sponsorship deal with PSG – paid partially in crypto” »
On 27 September 2021, Moscow Exchange (MOEX) will launch trading in international shares with settlement in US Dollars. Investors will be able to trade all international shares admitted to trading both in roubles and the currency of the issuer’s main listing (primarily USD). Trades in foreign securities denominated in USD will be settled on the…
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The UK Financial Conduct Authority (FCA) has published a final notice as to Master FinCapital Limited. The regulator has decided to cancel the firm’s Part 4A permission. Part 4A permission means the permission granted by the Authority to Master FinCapital Limited pursuant to Part 4A of the Act. The regulator explains that its decision is…
UK online broker CMC Markets Plc (LON:CMCX) today announces that Sarah Ing, a Non-Executive Director of the company, will be appointed as an Alternate Director of Gresham House plc, effective 15 September 2021. Sarah Ing will be appointed Non-Executive Director and Audit Committee Chair of Gresham House plc following the conclusion of the 2022 Gresham…
Read More “CMC Markets’ Sarah Ing to assume role of Alternate Director of Gresham House” »
The UK Financial Conduct Authority (FCA) today issued a statement regarding warning notices given to three individuals who allegedly engaged in market abuse. The FCA considers that between 1 June 2016 and 29 July 2016, the individuals, who were traders at a bank, deliberately engaged in market abuse. Specifically, the trader placed large orders for…
Read More “FCA issues notices to three futures traders over alleged market abuse” »
The start of the trial of former JPMorgan traders accused of spoofing has been shifted until July 2022. The Honorable Edmond E. Chang of the Illinois Northern District Court on Thursday set the jury trial for all four defendants – Gregg Smith, Michael Nowak, Christopher Jordan, and Jeffrey Ruffo, for July 5, 2022. The Court…
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Today, SIX Digital Exchange (SDX) formally received the FINMA go-ahead to operate a stock exchange and a central securities depository for digital assets in Switzerland. This authorization enables SDX to go live with a fully regulated, integrated trading, settlement, and custody infrastructure based on distributed ledger technology for digital securities. SIX Digital Exchange set out…
There has been a recent surge in the cases of “clone” entities, that is, scam enterprises that abuse the names, license numbers, and other business data such as address of regulated companies. Cboe Global Markets has been targeted by such scams, as indicated by an alert issued by Cboe. Cboe has recently been made aware…
Read More “Cboe issues alert about fraudulent “CboeX” website” »
The lawsuit brought by investors in Global Brokerage Inc. formerly known as FXCM Inc, continues at the New York Southern District Court. As indicated earlier, FXCM, Dror Niv and William Ahdout on September 9, 2021 submitted a Motion for Summary Judgment on all claims asserted by the plaintiffs, whether individually or as a class. Let’s…
Read More “FXCM Inc, Drew Niv say investor lawsuit at dead end” »
