Tag: forex-news

Austria’s financial regulator Financial Market Authority ((FMA) has issued a statement that it warns investors against concluding transactions with StormGain LLC, operating from website stormgain.com. StormGain is an offshore retail cryptocurrency broker, operated from Europe and Israel. It has its officially registered address in popular offshore jurisdiction St. Vincent and the Grenadines. The FMA stated…

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The Yuh app, launched by Swissquote and PostFinance in May 2021, is beefing up its functionalities. The app has launched fractional trading. With this new feature Yuh users will be able to invest in fractions of financial products: Shares, ETFs, Themes and Crypto starting from 25 CHF. Let’s note that this new investment feature requires…

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Euronext announces that SPEAR Investments I B.V., a special purpose acquisition company (SPAC), has listed on Euronext Amsterdam (ticker code: SPR1). This is the 18th SPAC-listing on Euronext markets in 2021. SPEAR has a multi-disciplinary team, combining equity capital markets professionals, M&A professionals, investment professionals, C-suite and senior leaders, operators and technology experts and founders….

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John Won, president of GNS Capital, doing business as ForexNPower, was convicted by a federal jury in Brooklyn on November 9, 2021, of all five counts of an indictment charging him with securities fraud, wire fraud and money laundering conspiracies, as well as substantive securities fraud. The verdict followed a week-long trial before United States…

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The following is a guest editorial courtesy of Andrew Lane, CEO of sentiment-based technology company Acuity Trading. Is Amazon turning from being the unstoppable ecommerce juggernaut to a rapidly aging giant? What else could explain the stock underperforming its mega-cap tech peers through October? It has been a tough year for Amazon so far. It…

Read More “The MAGA Saga: Why Amazon Declined in October, While Microsoft, Apple and Google Spiked” »

The United States Securities and Exchange Commission (SEC) today charged Puneet Dikshit, a partner at a global management consulting firm, with illegally trading in advance of a corporate acquisition by one of the firm’s clients in September. The SEC’s complaint alleges that in the course of providing consulting services, Dikshit learned highly confidential information concerning…

Read More “SEC charges consulting firm partner with insider trading in advance of GreenSky deal” »

The United States Securities and Exchange Commission (SEC) today instituted proceedings against American CryptoFed DAO LLC, a Wyoming-based organization, halting the effectiveness of the company’s registration of two digital tokens as securities. In the SEC’s order instituting proceedings, the Enforcement Division alleges that on Sept. 16, 2021, American CryptoFed filed a materially deficient and misleading…

Read More “SEC halts registration of “Ducat” and “Locke” tokens” »

Shortly after introducing crypto trading to its clients, Public.com is adding 10 crypto assets to its offering. The new additions include: Solana ($SOL) Terra ($LUNA) Uniswap ($UNI) Avalanche ($AVAX) Chainlink ($LINK) Polygon ($MATIC) Algorand ($ALGO) SushiSwap ($SUSHI) Basic Attention Token ($BAT) Ren ($REN). These tokens are added to a lineup of cryptos which includes: Bitcoin…

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France’s Financial Markets Authority (AMF) has announced the imposition of a EUR 300,000 fine on Polish broker X-Trade Brokers Dom Maklerski for breaches of its professional obligations due to the activities of its French branch. During the period between November 2013 and February 2020, X-Trade Brokers Dom Maklerski offered to its clients, through its branch…

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Creditors and former clients of bankrupt Australian Retail FX broker Union Standard International Group Pty Ltd, which operated the USGFX brand, are going to have to wait a little longer to find out just how much money they will be getting back. USGFX liquidator BRI Ferrier put out an updated fact sheet and timetable, following…

Read More “USGFX bankruptcy final hearing to be held October 28-29” »