New Zealand financial regulator The Financial Markets Authority (FMA) has issued a warning regarding a forex trading information website called WTI Limited. The FMA said that it is concerned that WTI Limited, which operates the website www.wti-hk.com, may be operating a scam. The regulator added that it understands that WTI Limited is using details on…
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John DeMarr, a promoter of Start Options and B2G, pleaded guilty on Friday in the Eastern District of New York for his participation in a coordinated cryptocurrency and securities fraud scheme through purported digital currency platforms and foreign-based financial accounts. As part of his guilty plea, DeMarr admitted that he conspired with others to defraud…
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The United States Securities and Exchange Commission (SEC) has announced that two registered broker-dealers, Herbert J. Sims and Co., Inc. (“HJ Sims”) and Integral Financial, LLC (“Integral”), and Integral’s President, Weiming “Frank” Ho, agreed to settle charges in connection with the fraudulent sale of certain highly-complex and high-risk variable interest rate structured products (VRSPs) to…
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FNG Exclusive… FNG has learned that Gain Capital has continued to reshape its management and board levels following the company’s 2020 acquisition by StoneX. Ian Tyler, one of Gain Capital UK’s independent non-executive directors, has stepped off the board, and has joined the board of Australia/Singapore crypto exchange Dacxi, where he will serve as the…
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Square, Inc. (NYSE:SQ) and Afterpay Limited (ASX:APT) today announced that they have entered into a Scheme Implementation Deed under which Square has agreed to acquire all of the issued shares in Australian “buy-now pay-later” company Afterpay by way of a recommended court-approved Scheme of Arrangement. The transaction has an implied value of approximately US$29 billion…
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UAE based FX/CFD brokers ADSS and Equiti Group have been natural rivals for a number of years, both domestically and in their respective marches to expand on the international stage. So it was naturally quite newsworthy when this week FNG exclusively broke the story of ADSS UK CEO (since 2016) Paul Webb leaving, and then…
Read More “FX week in review: ADSS CEO moves to Equiti, XTB’s bad Q2, Darwinex fundraising” »
CME Group has published a notice of disciplinary action against Mercantile Exchange of Vietnam Corporation. Pursuant to an offer of settlement in which Mercantile Exchange of Vietnam (MXVC) neither admitted nor denied the rule violations or factual findings upon which the penalty is based, a Panel of the Chicago Board of Trade (CBOT) Business Conduct…
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Forex broker platform and tech provider Spotware has announced the release of the Desktop 4.1 update for its popular cTrader trading platform. Desktop 4.1 improves the desktop version of cTrader with a range of valuable and long-awaited additions for traders. The addition of indicative USD currency in TradeWatch allows users to view their balance, equity,…
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Following a set of delays, former HSBC Forex trader Mark Johnson has surrendered to the custody of the Bureau of Prisons. According to a letter filed by the Department of Justice (DOJ) with the New York Eastern District Court on Thursday, July 29, 2021, the defendant surrendered to the custody of the Bureau of Prisons…
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The UK Financial Conduct Authority (FCA) has published a warning regarding a clone of Interactive Brokers (UK) Ltd. The details of the unauthorized firm are: Interactive Brokers (clone of an FCA Authorised Firm) Telephone: +31202326341, +31203082694, +31202623601 Email: [email protected], [email protected], [email protected], [email protected] The details of the FCA authorised firm are: Firm Name: Interactive Brokers (UK)…
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