The Central Bank of Russia today announced the annulment of the licenses for dealer and depository activities of JSC Nordea Bank. The regulator explains that the annulment reflects a request filed by Nordea Bank in July 2021. The request was granted today. Let’s recall that, as FX News Group has reported, the Central Bank of…
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The United States Commodity Futures Trading Commission (CFTC) has marked progress in its action against the entities and individuals involved in a $14.5 million binary options and retail Forex Ponzi scheme. This is indicated by a set of documents filed at the California Eastern District Court and seen by FX News Group. The documents show…
Read More “CFTC secures entry of default against head of $14.5M Forex Ponzi scheme” »
Broadridge Financial Solutions, Inc. (NYSE:BR) today reported financial results for the fourth quarter and fiscal year 2021. Results compared with the same period last year were as follows: During the final quarter of fiscal year 2021, total revenues increased 12% to $1,532 million from $1,362 million in the prior year period. Recurring fee revenues increased…
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The Yuh app, launched by Swissquote and PostFinance in May 2021, is expanding its cryptocurrency offering by adding Cardano. The announcement about the addition was made on social networks. Users of the Yuh app can now trade 14 of the hottest cryptos, around the clock. The list of crypto-assets to trade includes the most popular…
Brokerage house StoneX is apparently looking to increase its footprint with online retail traders, and has acquired a majority interest in Dublin, Ireland based fintech company Chasing Returns. The Irish Times has reported that StoneX (NASDAQ:SNEX), which took over retail trader focused brokerages Forex.com and City Index as part of its $236 million acquisition of…
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Refinitiv has announced the launch of USD IBOR Cash Fallbacks, which will leverage the firm’s extensive experience in administering benchmarks, such as Refinitiv Term SONIA, to create a family of US Dollar (USD) fallback rates for use in cash markets. The London InterBank Offered Rate (LIBOR) underpins hundreds of trillions of dollars of financial instruments…
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Cyprus financial regulator CySEC has issued a warning (see full text below) that a website hosted in India is set up as an imposter (or, if you prefer a different but also correct spelling, impostor) of its own main site. The imposter website, cysecgov.com, is a scam which for whatever reason is only showing CySEC…
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New Zealand’s Financial Markets Authority (FMA) today announces that it has commenced civil High Court proceedings against Matthew Geoffrey Hill, the Chief Executive Officer of NZX-listed New Talisman Gold Mines Limited (NTL), for alleged information-based market manipulation and making false and misleading representations. The case relates to anonymous posts Mr Hill allegedly made about the…
Read More “Anonymous posts on Sharetrader forum get NTL CEO into trouble” »
Monex, Inc, the Japanese online trading subsidiary of Monex Group, Inc (TYO:8698), today announced that per-trade commissions for Japanese equity margin trades of ¥1,000,000 or more will be reduced by up to 65%. The change is effective Monday, August 23, 2021. Monex will lower per-trade margin trading commissions for orders of more than ¥1,000,000 to…
Anna Manz, Chief Financial Officer of London Stock Exchange Group plc (LSEG) was granted an award over shares in the company on 10 August 2021. Consistent with the Company’s approved Remuneration Policy, and as set out in its announcement on 25 June 2020, the Company agreed to make the Award to compensate Ms Manz for…
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