More than two months after the United States Securities and Exchange Commission (SEC) went after Hollywood actor and producer Steven Seagal accusing him of having failed to pay the full amount of a fine for unlawful initial coin offering touting, the regulator has won the case against the Hollywood actor and producer. On August 27,…
Read More “Court orders Steven Seagal to pay full fine for illegal ICO touting” »
Multi-asset electronic trading solutions provider smartTrade Technologies has announced that it has inked an expanded partnership with SBI Liquidity Market, a Japanese leading FX infrastructure solution and liquidity provider. smartTrade will provide support for SBI FXTRADE’s cryptocurrency derivative trading operations, which complement the existing FX business of SBI Liquidity Market. As part of the agreement,…
Read More “smartTrade expands deal with Japan’s SBI Liquidity to crypto trading” »
The United States Securities and Exchange Commission (SEC) has obtained a judgment against a trader who posted false statements over Twitter and another social media site while purchasing and selling securities. According to the SEC’s complaint, Andrew L. Fassari used the Twitter pseudonym @OCMillionaire to tweet false statements about a defunct Nevada company to inflate…
Read More “SEC secures judgment against trader who posted false stock tweets” »
Leading international banking group Standard Chartered and supply chain finance technology solution provider in China Linklogis are forming a joint venture to establish Olea, a fully-digitised trade finance origination and distribution platform. Olea aims to bring together institutional investors seeking opportunities in an alternative asset class with businesses requiring supply chain financing, subject to regulatory…
Read More “StanChart, Linklogis to establish blockchain-enabled trade finance platform” »
Well that didn’t take long. On the heels of a massive $75 million court order against now-defunct binary options and CFD broker AlphaBinary made just a week ago, Australia’s financial regulator ASIC issued what it calls “a product intervention order” imposing conditions on the issue and distribution of contracts for difference (CFDs) to retail clients….
Read More “ASIC matches EU regulators with 30x CFD leverage cap” »
FNG Exclusive… FNG has learned via regulatory filings that Equiti Capital UK Limited, the FCA regulated institutional/B2B arm of UAE based global FX and CFDs brokerage Equiti Group, continued on its growth path in 2020, posting a healthy 17% increase in Revenue. Revenues for 2020 at Equiti Capital came in at $33.1 million, up 17%…
Read More “Exclusive: Equiti Capital posts 17% rise in 2020 Revenue to $33.1 million” »
How did eToro do in Q2 and 1H-2021? And how about Dukascopy? What’s new about PayPal’s UK crypto trading offering? What happened to Libertex’s CySEC license, partially suspended earlier this month? Which executive moves were reported involving OANDA, ETX Capital, Valutrades, and Exness? Answers to these questions and a whole lot more appeared first or…
The United States Securities and Exchange Commission (SEC) today announced that it is requesting information and public comment on matters related to the use of digital engagement practices by broker-dealers and investment advisers. These tools include behavioral prompts, differential marketing, game-like features (commonly referred to as gamification), and other design elements or features designed to…
Read More “SEC invites comments on “gamification” of trading” »
The Commodity Futures Trading Commission (CFTC) announced today that the U.S. District Court for the Southern District of Ohio entered a Consent Order for Permanent Injunction and Other Equitable Relief against Glen Galemmo finding that Galemmo fraudulently solicited individuals to place funds in a commodity pool to trade commodity futures, commodities, stocks and bonds and…
Broker technology provider Panda Trading Systems has announced that it continues to expand the functionality of its business intelligence suite, by integrating OneSignal customer messaging functionality into the system’s already rich feature list. The new integration leverages OneSignal’s position as a leader in the customer messaging vertical, allowing any broker using Panda solution to integrate…
Read More “PandaTS adds OneSignal messaging capabilities to its FX broker solution” »
