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FNG Exclusive… FNG has learned that Graeme Watkins, CEO of London based Retail FX and CFDs broker Valutrades, has joined the board of a Singapore based investment fund called AMB Megatrends. AMB Megatrend is an FX and commodities investment fund founded and managed by Indonesia based serial FX entrepreneur Anil M. Bahirwani, who founded and…

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Payment services provider PayPugs, which has a number of Retail FX and CFD broker clients, has announced that it has partnered with fraud and transaction monitoring company Huntli to enhance PayPugs’ AML screening process and fraud detection system. The collaboration improves customer fund security and helps to meet regulatory requirements. The partnership solves the problem of obtaining…

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Cryptocurrency exchange FTX Trading Limited (FTX) today announced the establishment of FTX Europe, marking the next phase of the company’s global expansion, by extending its presence into Europe and the Middle East. The company has secured the approval from the Cyprus financial market regulator CySEC through its ftx.com/eu domain. FTX Europe will now start offering…

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Affiliate marketing compliance monitoring specialist Rightlander has announced that it is expanding out of the iGaming sector, to enhance online brokers’ capabilities. Rightlander – which is fairly well-known in the iGaming space with clients like Bet365 and AWIN – said that it will offer its marketing compliance solution to online brokers across regulated markets including…

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The Commodity Futures Trading Commission (CFTC) has confirmed that it is unable to ascertain the current address or whereabouts of Jase Davis, an individual behind fraudulent Forex scheme ROFX. Although the regulator has marked some progress in its action against the fraudulent scheme, it is apparently having trouble locating Davis. According to a document filed…

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Robinhood has responded to a renewed complaint over its payment for order flow arrangements with several market makers, including Citadel Securities, which allegedly worsened execution quality and harmed Robinhood’s customers. Documents submitted by Robinhood at the Florida Southern District Court reveal the company’s push to dismiss the case. Let’s recall that the lawsuit was brought…

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FNG has learned that former Citi and Deutsche Bank executive Sabrina Wilson has joined institutional crypto company Copper.co, as COO and official “#2” to Copper.co founder and CEO Dmitry Tokarev. Sabrina Wilson has spent her career mainly at Top Tier financial institutions, serving most recently (2017-2021) as Managing Director – Global co-Head of Futures, OTC…

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The United States Commodity Futures Trading Commission (CFTC) and 27 state securities regulatory agencies that are members of the North American Securities Administrators Association (NASAA) announced the filing of a joint civil enforcement action in the U.S. District Court for the Central District of California against a precious metals dealer and its owner for orchestrating…

Read More “CFTC and 27 state regulators take action against Safeguard Metals for $68M fraud” »

Provider of managed trading infrastructure Options announces the appointment of Jim Bomer as SVP, Director Market Data Division. Jim Bomer

TradeStation Crypto, Inc, a subsidiary of TradeStation Group, Inc., announces that JAG Insurance Group, a full-service South Florida-based commercial insurance agency, has opened a corporate account with TradeStation Crypto. TradeStation Crypto will provide the cryptocurrency platform and technology needed to support JAG’s corporate treasury solution. “We’re excited to see more South Florida-based companies entering the…

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