SEC CHARGES HEX FOUNDER WITH FRAUD AND UNREGISTERED SECURITIES OFFERINGS, HEX DROPS BY 25%

The civil lawsuit was long expected. After facing allegations of being a Ponzi scheme, HEX was put on the SEC’s crosshairs in November 2022. The regulator sent subpoenas to various “influencers” and promoters in Heart’s network, requesting any records of

SEC WANTS TO TACKLE ADVISORS AND BROKERS’ CONFLICTS OF INTEREST ARISING FROM AI ANALYTICS

“When offering advice or recommendations, firms are obligated to eliminate or otherwise address any conflicts of interest and not put their own interests ahead of their investors’ interests. I believe that, if adopted, these rules would help protect inves

Interactive Brokerssecond-quarter results were down, with revenue shrinking to $200 million

Global broker Interactive Brokers (IBKR.US) recently announced its second quarter 2022 financial results. According to the financial report, the company\\\'s Q2 net revenue was $656 million, compared with $754 million in the same period last year, down 13

The latest CySEC alert list of ltdexxovo.com and other illegal brokers were blocked

The Cyprus Securities and Exchange Commission (CySEC) has published a list of unauthorized companies, of which two fraudulent websites have been added to its warning list, and it is alleged that none of these entities are Cyprus Investment Company (CIF).

The UKs Financial Conduct Authority (FCA) is launching a permanent digital sandbox

The digital sandbox is a testing environment that enables FCA to experiment with proof-of-concept to support businesses in the early stages of product development. In addition to innovators, Perpetual Sandbox welcomes applications from data providers to l

Gold trading reminder: Hope! The Fed may soon end the rate hike cycle, gold bullshigh

Overall building permits fell 3.7 percent in June to an annual rate of 1.44 million units. Homes that have been approved but not yet started fell 2.1 percent to an annual rate of 281,000 units. The backlog of single-family home construction increased 0.7

The FCA blacklisted two platforms, including Fusion Trade

The FCA reminded investors to be cautious about the financial activities of blacklisted companies and advised investors to only deal with financial firms that have been authorised by the FCA. If you want to know if a company is authorised by the FCA, you

Weak US jobs data? Wage momentum remains strong The dollar index rose slightly

On Friday (7th), the US dollar fell sharply after the release of the non-farm employment report. The report showed U.S. employers added the fewest jobs in two and a half years, adding 209,000 jobs for the first time in 15 months, falling short of market e

Apple is reported to be drastically cutting production targets for its Vision Pro VR headset

Apple Inc. (NASDAQ:AAPL) is likely to significantly cut production targets for its VR headset Vision Pro, according to people familiar with the matter on Monday. According to the source, Apple is preparing to produce fewer than 400,000 Vision Pro devices

Saxo Fintech (Saxo Fintech), officially known as Saxo Geely Technology Holdings Limited

Saxo Bank has sold its stake in regulatory technology (RegTech) platform Saxo Fintech to its largest shareholder China Geely Holding Group in a move to "strengthen its focus on its core business and markets." The Danish investment bank and onlin

CySECs latest alert list 2 illegal brokers have been blocked

The Cyprus Securities and Exchange Commission (CySEC) has published a list of unauthorized companies, of which two fraudulent websites have been added to its warning list, and it is alleged that none of these entities are Cyprus Investment Company (CIF).

The FCA blacklisted two platforms, including Capitalswise

The UK\'s Financial Conduct Authority (FCA) has warned Capitalswise and GreatchainFX that they may be offering financial services or products in the UK without authorisation from the FCA and that investors should be cautious about dealing with them. Detai

FX Ponzi Scheme Deceived 1,500 Individuals with False Promise of 325% Returns

The Securities and Exchange Commission (SEC) has filed charges against a Florida resident, Sanjay Singh and his logistics firm, Royal Bengal Logistics Inc. The accused is charged with fraudulently raising an estimated $112 million from nearly 1,500 invest

LCG UK Is Now Only an ‘Introducing’ Broker

London Capital Group (LCG) is making the transition from being a spread betting and contracts for difference (CFDs) provider to becoming an introducing broker. As part of the move, the LCG has tapped its UK-based rival, IG Group, as its first third-party

Moneta Markets Aims Global Expansion with New Seychelles License

"Obtaining our Seychelles license is a testament to our growth – it reaffirms our commitment to offering secure, regulated financial services to our clients worldwide," said David Bily, the CEO and Founder of Moneta Markets.