About six months after the United States Securities and Exchange Commission (SEC) launched an action against Spot Option and its owners Malhaz Pinhas Patarkazishvili (Pini Peter) and Ran Amiran, the regulator is seeking an entry of default against the defendants. This becomes clear from documents filed with the Nevada District Court on October 15, 2021…
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Shortly after Chief Judge Cecilia M. Altonaga of the Florida Southern District Court denied Robinhood’s motion to dismiss a complaint concerning the January short squeeze, the company has revived the motion. On October 15, 2021, Robinhood Markets, Inc., Robinhood Financial LLC and Robinhood Securities, LLC submitted a memorandum of law in support of their Motion…
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Global Retail FX and CFDs broker Exness posted its second best ever month in terms of client trading volumes in September 2021, with activity coming in at a whopping $947 billion – up 7.7% over August’s $879 billion, just shy of Exness’ all-time best of $974.5 billion set in July 2021. For the first three…
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What drove NAGA Group’s record revenue and profit figures in Q3? At what valuation is US online broker TradeZero going public, via a SPAC merger? Who’s in, and who’s out, as CMO of FCA regulated CFDs broker ETX Capital? Which online trading platform raised $298 million, at a $3 billion valuation? Answers to these questions…
Read More “FX week in review: NAGA record revenues, TradeZero SPAC, ETX replaces CMO” »
Australia financial regulator ASIC, as it recently hinted it would, has announced that it is proposing to extend the “temporary” CFD brokerage and trading rules in Australia to 2031, effectively making them permanent. ASIC announced the new rules in October 2020 as a temporary measure, with its product intervention order set to expire on 23…
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Charles Randell has asked the Chancellor of the Exchequer to commence the process to appoint his successor as Chair of the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR). Mr Randell plans to step down in Spring 2022. The Chancellor of the Exchequer, Rishi Sunak, commented: ‘I want to thank Charles Randell for his…
Digital token exchange Bitfinex has announced that it has consolidated its position as the preeminent hub for institutional investors in the bitcoin space after doubling the exchange’s server capacity. Bitfinex has increased the volume of heavy duty servers at its Zug-based data centre amid surging demand to trade digital tokens among hedge funds, institutional investors…
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The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, today announces that its next Chair will be Verena Ross. The appointment was confirmed by the Council of the European Union at its meeting today in Brussels. Ms Ross will take up her position on 1 November 2021. Anneli Tuominen, Interim Chair, said:…
The Goldman Sachs Group, Inc. (NYSE:GS) has just posted its financial results for the third quarter of 2021. Net revenues in Global Markets were $5.61 billion for the third quarter of 2021, 23% higher than the third quarter of 2020 and 15% higher than the second quarter of 2021. Net revenues in FICC were $2.51…
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The United States Commodity Futures Trading Commission (CFTC) has no official information regarding the reported death of John D. McAfee, who is accused of digital asset fraud. This becomes clear from a status report filed by the CFTC in the New York Southern District Court on October 14, 2021. The CFTC understood that McAfee was…
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