The United States Department of Justice (DOJ) has opposed an attempt by former JPMorgan traders accused of spoofing to exclude the testimony of a former Morgan Stanley trader, who is now an FBI agent. As FX News Group has reported, former JPMorgan traders Gregg Smith, Michael Nowak, Jeffrey Ruffo, and Christopher Jordan have sought to…
Read More “DOJ stands behind testimony of ex-Morgan Stanley trader in spoofing case” »
Credit Suisse Group today published the agenda for the 2021 Extraordinary General Meeting (EGM) of Shareholders. Credit Suisse Group plans to hold its EGM on October 1, 2021 to elect two new members of the Board of Directors. Shareholders are requested to vote in advance by granting a power of attorney and issuing voting instructions…
Read More “Credit Suisse schedules EGM for new Board members election” »
Hong Kong’s Securities and Futures Commission (SFC) and Commercial Crime Bureau of the Police today conducted a joint operation against a Hong Kong-listed company and its former senior executives suspected of a series of corporate fraud related offences involving a total of $450 million. The operation involved a search of the office premises of the…
Read More “HK SFC, Police clamp down on $450M corporate fraud scheme” »
Compagnie Financière Tradition today posted its financial results for the first half of 2021, with revenues and profits down from the equivalent period a year earlier. Tradition registered consolidated net profit of CHF 39.1 million in the first half of 2021, compared with CHF 51.5 million in the first half of 2020 with a Group…
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AffiniPay, a fintech leader in online payments for professionals, has appointed Bryan D. Thompson as Chief Technology Officer. Bryan D. Thompson has extensive experience in financial services and tech stack building. Between 2017-2020, Mr Thompson served as Chief Technology Officer for Beyond Inc., a business services company delivering payments, payroll, and business services to small…
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FNG Exclusive… FNG has learned from filings that Geneva based Retail FX broker Dukascopy Bank SA has seen a severe and continued drop-off in activity, with first-half 2021 revenues being the company’s lowest result in several years. Revenues at Dukascopy (or what the company terms “Result from trading activities”) came in at CHF 10.95 million…
Read More “Exclusive: Dukascopy revenues fall 23% in 1H-2021 to CHF 11 million” »
Nomura Securities International, Inc got a fine of $50,000 as a part of a settlement with CME Group. According to a notice of disciplinary action, Nomura violated CBOT Rule 980.B.3. Let’s note that the firm neither admitted nor denied the rule violation. CBOT Rule 980 says: “REQUIRED RECORDS AND REPORTS B. Each clearing member shall…
Read More “Nomura Securities fined for breaking CBOT rules” »
The United States Commodity Futures Trading Commission (CFTC) has clashed with former HSBC executive Christophe Rivoire, who stands accused of market manipulation, over depositions of traders. This is made clear by documents filed with the New York Southern District Court and seen by FX News Group. The CFTC argues that the depositions have to be…
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The United States Commodity Futures Trading Commission (CFTC) today issued an order filing and simultaneously settling charges against Cody Malosi Wilson of Idaho Falls, Idaho for failing to register as a commodity pool operator (CPO) and failing to comply with CFTC regulations regarding CPOs. The order requires Wilson to pay a $150,000 civil monetary penalty…
The Australian Securities and Investments Commission (ASIC) today published its Corporate Plan 2021-25, outlining its priorities over the next four years. The product intervention orders for CFDs and binary options which took effect earlier in 2021 are among the foci for the regulator. ASIC affirms that it will: Monitor compliance with the contracts for difference…
Read More “ASIC to monitor compliance with CFD offering restrictions” »
