The United States Financial Industry Regulatory Authority (FINRA) has imposed a $250,000 fine on StockCross Financial Services, Inc. (acquired by Respondent Muriel Siebert & Co., Inc. as of December 31, 2019). The fine is a part of a settlement offer proposed by the firm and accepted by FINRA. The sanctions stem from violations that occurred…
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Online trading company eToro has issued a notice to those traders who have positions in $Ryanair shares. Following a decision made by Ryanair Holdings PLC to limit the number of ordinary shares held by non-EU nationals, certain actions must be taken on the accounts of traders with positions in Ryanair. eToro says that this is…
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Electronic trading major Interactive Brokers Group (NASDAQ:IBKR) today announced a new simple flat fee structure for stock trading in Europe. The broker is focusing on building its European customer base by introducing a new simplified pricing structure for stocks that is tailored to individual investor priorities. The first markets to benefit from this new fee…
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Deutches Borse Group’s 360 Trading Networks (360T) has announced that in a new partnership with Banco Monex, 360TGTX is establishing the first local credit hub for MXN and other currencies, enabling a new generation of anonymous trading. This partnership will cater to every possible trading style without compromising the principles of low impact, low latency…
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Effective July 29, 2021, and pending all relevant Commodity Futures Trading Commission (CFTC) regulatory review periods, Chicago Mercantile Exchange Inc. (CME), The Board of Trade of the City of Chicago, Inc. (CBOT), New York Mercantile Exchange Inc. (NYMEX) and Commodity Exchange, Inc, (COMEX) will adopt CME, CBOT, NYMEX/COMEX Rule 258 on Exchange Personal Trading Policy….
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Richard Usher, a former Forex trader known for his participation in the “Cartel” chatroom, refuses to abandon the lawsuits he has brought against the Commodity Futures Trading Commission (CFTC) and the Department of Justice (DOJ). Those lawsuit accused the CFTC and the DOJ of illegally preventing Usher from accessing documents that he would need in…
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Social trading focused brokerage startup Public.com has announced a new sponsorship deal with the Premier Lacrosse League (PLL), in which Public.com has been named the official investing app of the PLL. This is Public.com’s first professional sports partnership deal at the league level. “The lacrosse and investing communities share a common history of exclusivity and…
It was one of the busiest weeks of the year in the Forex Industry News realm, with all of the key stories appearing first or exclusively here on FNG. Why did TikTok add Forex, CFDs, and crypto trading to its banned list for Branded Content? Who bought a 30% stake in institutional FX and crypto…
Read More “FX week in review: TikTok Forex/CFDs/crypto ban, LMAX $1B valuation, Plus500 results” »
North American Derivatives Exchange (Nadex), a part of IG Group Holdings plc (LON:IGG), has taken disciplinary action against a trader who did not inform the exchange of his disciplinary history. The Compliance Department opened an investigation upon receiving information from Nadex’s third-party background service regarding the recent regulatory history of Nadex Member Rafael Muzzi. Specifically, the…
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Provider of post trade services for the financial industry Euroclear today posted a set of solid metrics for the first half of 2021. Operating income for the first six months of 2021 increased 7% to EUR 777 million (H1 2020: EUR 730 million). Business Income rose 13% to EUR 723 million, whereas Banking and Other…
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