Tag: forex-news

Manchester City have today announced a global partnership with one of the world’s largest crypto exchanges, OKX, naming it the Club’s Official Cryptocurrency Exchange Partner. OKX’s first venture into the world of sport and entertainment, the partnership will span Manchester City men’s and women’s teams, in addition to the Club’s esports operations. OKX and Man…

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Stuart Scott, a former FX trader and supervisor at HSBC, will seek to dismiss the indictment charging him with wire fraud and wire fraud conspiracy. This becomes clear from a motion for hearing filed by Mr Scott’s representatives with the New York Eastern District Court on March 3, 2022. The document, seen by FX News Group,…

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The Securities and Exchange Commission (SEC) has secured a final judgment against Stefan Qin, founder of Virgil Sigma Fund. According to an order, signed by Judge Lorna G. Schofield of the New York Southern District Court on March 1, 2022, the defendant is permanently restrained and enjoined from violating, directly or indirectly, Section 10(b) of…

Read More “Court orders Virgil Sigma Fund founder to pay nearly $40M in disgorgement” »

Fintech firm Equiniti (EQ) today announced the appointment of Martin Flanigan as Chief Executive Officer for the Americas, effective immediately. In this role, Mr. Flanigan will be responsible for driving strategic growth initiatives and will report to Paul Lynam, Group Chief Executive Officer of EQ. Martin Flanigan, Chief Executive Officer for the Americas at Equiniti

FNG Exclusive… FNG has learned that FCA regulated institutional crypto and FX broker GCEX has hired Juan Scarabino as the company’s new Chief Risk Officer (CRO). He will also join the board of parent company GC Exchange Limited. Juan Scarabino spent 11 years at London based Retail FX broker ActivTrades from 2008-2019, serving as Group…

Read More “Exclusive: GCEX hires former ActivTrades and Oval exec Juan Scarabino as CRO” »

The Commodity Futures Trading Commission (CFTC) today announced the U.S. District Court for the Middle District of Florida entered consent orders on March 1 for permanent injunction, monetary sanctions, and equitable relief against Marvin W. Courson III and Christopher A. Kertatos. Previously, the U.S. District Court for the Middle District of Florida had entered an…

Read More “Court orders individuals involved in Alista precious metals scheme to pay over $1.6M” »

Visa (NYSE:V) today announced that Frank Cooper III will join the company as Chief Marketing Officer (CMO) in May 2022. Mr. Cooper will also serve as a member of the company’s Executive Committee and report to Chairman and Chief Executive Officer (CEO), Al Kelly. Mr. Cooper will lead the global marketing organization to drive demand…

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Electronic trading major IG Group Holdings plc (LON:IGG) announces the completion of the sale of the North American Derivatives Exchange, Inc. (Nadex) and the 39% stake the Group holds in Small Exchange, Inc to Foris DAX Markets, Inc. (part of the group of companies trading as “crypto.com”) for $216 million. The cash transaction represents a…

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CMC Markets Plc (LON:CMCX), a leading provider of online trading and institutional platform technology solutions, announces its intention to launch a share buyback program. In light of the company’s robust capital position and having considered the ongoing investment in the business, the Board has decided to return excess capital to shareholders via the repurchase of…

Read More “CMC Markets plans £30 million share buyback program” »

The Commodity Futures Trading Commission (CFTC) has secured entries of default against four defendants in a lawsuit targeting fraudulent Forex scheme ROFX and the entities associated with it. The Court Clerk has issued an order for an entry of default as to (1) Borys Konovalenko, (2) Easy Com LLC , (3) Global E-Advantages LLC a/k/a…

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