HONG KONG’S SFC ADDRESSES CONCERNS RELATED TO UNREGULATED VIRTUAL ASSET TRADING

The SFC’s proactive measures to enhance VATP regulation and investor education demonstrate its commitment to addressing the evolving challenges and opportunities in the virtual asset trading space. By closing regulatory gaps, promoting transparency, and r

FCA PROPOSES MEASURES TO PROMOTE DIVERSITY AND INCLUSION IN UK’S FINANCIAL INDUSTRY

“For UK financial services to be competitive and for the companies in it to be well run with healthy work environments, its vital they attract, retain and promote the best talent.”

ASIC WANTS AFS LICENSEES TO IMPROVE CUSTOMER REMEDIATION PROCEDURES

“Getting remediation wrong is very costly – costly to consumers who bear the burden of a financial firm’s mistakes, but also very costly for firms who have to re-do remediations and repair reputational damage. Going forward, while ASIC will generally not

SEC FINES CITADEL SECURITIES $7 MILLION OVER VIOLATING REGULATION AGAINST ABUSIVE SHORT-SELLING PRACTICES

According to the SEC’s order, Citadel Securities committed these violations over a five-year period. During this time, it is estimated that millions of orders were incorrectly marked, leading to certain short sales being inaccurately labeled as long sales

“UNCONSCIONABLE CONDUCT”: ASIC FINES NATIONAL AUSTRALIA BANK $2.1M FOR OVERCHARGING CUSTOMERS

The penalty imposed on NAB amounts to $2.1 million, the maximum allowable for the single contravention in this case. Justice Derrington acknowledged that this penalty was, in many ways, insufficient given the magnitude of the wrongdoing. However, he noted

CFTC FINES ADVANTAGE FUTURES $395,000 FOR 12.8 MILLION UNMONITORED TRADES

The order also reveals that Advantage’s surveillance vendor did not receive data from another exchange between June 2019 and June 2022. This lapse stemmed from Advantage’s transition to a new clearing broker in June 2019, during which the firm failed to s

SEC CHARGES $15 MILLION PONZI SCHEME TARGETING MEXICAN-AMERICAN COMMUNITY

Armando Gutierrez Rosas purportedly intended to invest these funds in U.S. real estate and mining operations in Mexico, assuring investors of monthly returns as high as 10 percent. Instead, Gutierrez operated a Ponzi scheme, diverting investor funds to co

CySEC Revokes IQOption EUROPE LTD Cryptographic Asset Service Provider Registration

Following the removal of the cryptocurrency exchange Binance from its list of registered cryptoasset service providers (CASPs), the Cyprus Securities and Exchange Commission (CySEC) announced on Wednesday that the registration of IQOPTION EUROPE LTD with

The transaction confirmation information is not accurate! Citigroup Global will pay $250000 to reach a settlement with the US Financial Industry Regulatory Authority

According to the regulatory agency\'s investigation, from October 2016 to July 2020, CGMI issued approximately 37000 inaccurate transaction confirmations to customers, which were related to the company\'s main trading activities on its Alternative Trading

Fuhui FXCM UK renamed Stratos Markets

Recently, the UK subsidiary of FXCM Group, FOREX Capital Markets Limited, has been renamed Stratos Markets Limited. Fuhui FXCM is a leading provider of online currency pair trading, contract for difference trading, and related services.

False claim of multiple regulatory FCA warnings: stay away from the platform!

FCA believes that MATRIXVEST may engage in serious illegal activities such as fraudulent investors and illegal fundraising. And warn investors not to engage in any transactions or investments with the company. If they suffer financial losses, they will no

IS VIRTU FINANCIAL THE NEW ‘POLITICAL PRISIONER’ OF THE SEC?

“Unfortunately, the SEC’s position appears to be driven by politics and headlines rather than the facts and the law.”

WE HAVE AMBITIOUS PLANS FOR THE FUTURE – ANDREAS KAPSOS, CEO AT MATCH-PRIME LIQUIDITY, SUMMARISES THE COMPANY’S ACTIVITIES

Navigating the liquidity provider market can be quite challenging due to the strikingly similar offerings among companies.

UK TIGHTENS GRIP ON FCA-AUTHORIZED FIRMS RESPONSIBLE FOR ADS OF UNREGULATED ENTITIES

“By introducing these new checks, we will ensure people approving adverts have the right skills and understanding they need to do so. Firms need to make sure people are equipped with the right information at the right time, so they can make properly infor

BITCOIN TRADING FRAUDSTER JACOB ORVIDAS TO PAY $2.5 MILLION AFTER CFTC CHARGES

These promises included claims that another client had turned a $100,000 investment into $2.7 million, which were all untrue. In response to these deceptive tactics, pool participants collectively contributed over $2 million to Orvidas’ commodity pool, on