The Investment Industry Regulatory Organization of Canada (IIROC) has issued a warning that a crypto, forex, and binary options brokerage website called RxD Options is fraudulently claiming to be regulated by the IIROC. Through their website rxdoptions.com, the company claims to offer accounts for trading in cryptocurrency, forex, and binary options. The IIROC noted that…
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The Global Forex Exchange Committee (GFXC) has released a guidance paper on ‘last look’ trading within the FX market. Last look is a practice used in electronic trading where a market participant has a final opportunity to accept or reject a trade request made on its quoted price. The FX Global Code sets out principles…
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De Nederlandsche Bank (DNB) announces that Binance is providing crypto services in the Netherlands without the required legal registration with DNB. The warning applies to Binance Holdings Limited as the owner of intellectual property rights, as well as the entities (“Binance Operators”) under which Binance provides crypto services in the Netherlands. According to the regulator,…
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The Australian Securities and Investments Commission (ASIC) today issued a warning against investing in crypto-asset related financial products, such as options and futures, through unlicensed entities. An entity is required to be licensed by ASIC if they provide financial services (such as advising or dealing) in relation to financial products offered in Australia. Financial products…
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Former JPMorgan traders Gregg Smith, Michael Nowak, Christopher Jordan, Jeffrey Ruffo, who are defendants in a spoofing lawsuit, have managed to reduce the burden of charges against them. On August 17, 2021, Judge Edmond E. Chang of the Illinois Northern District Court, issued a Memorandum & Opinion axing the bank fraud charges against the defendants….
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State Street Corporation (NYSE:STT) announced today that it has appointed new country heads for three European markets: Andreas Niklaus has been appointed as the head of Germany, Riccardo Lamanna as the head of Luxembourg and Dagmar Kamber Borens as the head of Switzerland. In their respective regions, they will be responsible for developing business, stewarding…
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The Competition and Markets Authority (CMA) today issued a notice to ION Investment Group Limited and ION Trading Technologies Limited that it has imposed a penalty on ION under section 94A of the Enterprise Act 2002 (EA02) because it considers that ION has, without reasonable excuse, failed to comply in certain respects with the requirements…
Read More “CMA fines ION Investment Group over Broadway Technology deal” »
Leading online Retail FX and CFDs broker Plus500 (LON:PLUS) saw its shares rise by 8% on Tuesday, after the company released its results for the first half of 2021. While the company had already released its top-line Revenue figures for the first half back at the beginning of July, the markets seemed to cheer the…
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The United States Securities and Exchange Commission (SEC) has taken further steps in its action against Hollywood actor and producer Steven Seagal. Let’s recall that the regulator launched a lawsuit against Seagal in June 2021, alleging that he has failed to pay the full penalty imposed on him for unlawful initial coin offering (ICO) touting….
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The following is a guest editorial courtesy of Andrew Lane, CEO of sentiment-based technology company Acuity Trading. We’re well into the back half of the year and oil prices remain below $100 per barrel. This seems like such an achievement, given that oil prices unprecedentedly hit negative territory in April last year. With demand hitting…
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