Online broker eToro today announces that it is launching a number of new tokens. The company is making available to trade the following cryptoassets: Cosmos (ATOM) Cosmos aims to create an “Internet of Blockchains.” With the ATOM token, investors are rewarded based on staking their crypto. The value of the token is also driven by…
US and UK financial regulators have announced that banking and brokerage giant Credit Suisse Group AG (NYSE:CS) has agreed to pay nearly $475 million to U.S. ($275M) and UK ($200M) authorities, for fraudulently misleading investors and violating the Foreign Corrupt Practices Act (FCPA) in a scheme involving two bond offerings and a syndicated loan that raised…
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just posted its financial results for the third quarter of 2021, with revenues and profits markedly down from the year-ago period. The broker reported diluted earnings per share of $0.43 for the quarter ended September 30, 2021 compared to $0.58 for the equivalent period in 2020,…
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The Administrative Appeals Tribunal has amended a decision by the Australian Securities and Investments Commission (ASIC) to ban Mark Schroeder from providing financial services. Let’s recall that, in February 2020, ASIC banned Mr Schroeder, from providing financial services for six years for his role in numerous compliance failures by Spectrum Wealth Advisers Pty Ltd. Mr…
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Interactive Brokers (NASDAQ:IBKR) has announced the launch of cryptocurrency trading for Registered Investment Advisors (RIAs) in the U.S., enabling these RIAs to trade and custody Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) via Paxos Trust Company on behalf of clients. RIAs will benefit from the ability to manage their client’s positions in…
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Schroders today announced the evolution of its global sustainable investment team with several senior appointments and promotions. Margot Von Aesch has been appointed Head of Sustainable Investment Management, a newly-created role, with her remit encompassing detailed research, the development of sustainable investment models and ensuring the continued integration of this analysis into Schroders’ investment decision-making….
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About a month after Ben Peter Delo, a BitMEX founder, executive, manager, and board member, sought to dismiss a legal action brought against him by the United States Commodity Futures Trading Commission (CFTC), the regulator has responded to Delo’s motion to dismiss. As one might expect, the CFTC opposes Delo’s motion and requests that the…
Read More “CFTC slams BitMEX co-founder for attempt to avoid litigation” »
Bakkt Holdings, Inc. (NYSE:BKKT), a trusted digital asset platform that enables consumers, businesses, and institutions to buy, sell, spend, send and redeem digital assets, starts trading today on the New York Stock Exchange under the ticker symbol “BKKT.” “Today, Bakkt’s vision – to connect the digital economy – reaches new heights, and we’re excited to…
Consumers could be in line for compensation, as the UK Financial Services Compensation Scheme (FSCS) has declares 12 firms in default, including FX and CFD broker AFX Markets. People who have dealt with any of the 12 financial services firms declared in default in August and September 2021, and believe they are owed money as…
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Today, London Stock Exchange Group announces Ivan Gilmore will take up the post of Head of Cash Equities for LCH, Ltd and SA. In the role, Mr Gilmore will be responsible for the development and management of both businesses, overseeing the clearing of cash equities products and providing the strategic vision and leadership to the…
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