The Securities and Exchange Commission (SEC) has yet to prepare its plan for the distribution of a $6.1 million penalty imposed on Unikrn for an unregistered initial coin offering (ICO). A Fund Administrator has been appointed and a distribution methodology has been developed. The Division of Enforcement now states that additional time is needed to…
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FNG Exclusive… FNG has learned that newly established Rostro Financial Group is continuing to build out its team of mostly former Equiti Group and ACM/TradeTech/Finalto executives, hiring John Williams as the company’s new Chief Information Officer (CIO). John Williams joins Rostro after five years at Equiti Capital in London, where he was Global Head of…
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Amsterdam based BUX, one of the fastest growing neo-brokers in Europe, has announced the appointment of Jean-Raphael Nahas as new Managing Director of its Cyprus CFD operations. This follows the hiring of veteran online brokerage executive Salim Sebbata as CEO of BUX CFD, in the summer of 2021. BUX recently completed the process of acquiring a…
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Gregory Michael Vogel, aka Gregory Michael Schneider, has been charged with eight counts of wire fraud and one count of money laundering in relation to an investment scheme, announced U.S. Attorney Mark H. Wildasin for the Middle District of Tennessee. Vogel was arrested this morning by federal agents and will make an appearance before a…
Eurex Securities Transactions Services GmbH (Eurex STS) will wind down its services with effect from 30 June 2022. Eurex STS is thus responding to the “Refit” draft of the Central Securities Depository Regulation (CSDR) published by the European Commission on 16 March 2022, which proposes to remove mandatory buy-ins for not settled securities deliveries. Deutsche…
BTIG announced today the appointment of Tanya Williams, CFA, as a Managing Director and Director of Macro Markets Strategy. Ms. Williams will provide top-down analysis of macroeconomic drivers including inflation, labor, supply chains, geopolitical affairs, as well as Environmental, Social and Governance (ESG) initiatives. “At BTIG, Tanya will provide macroeconomic strategy extending across markets globally…
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In line with plans unveiled earlier this month, international derivatives marketplace CME Group today launched options on Micro Bitcoin and Micro Ether futures, further expanding its suite of cryptocurrency derivatives offerings. “The launch of these micro-sized options builds on the significant growth and liquidity we have seen in our Micro Bitcoin and Micro Ether futures,”…
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State Street Corporation (NYSE:STT) today announced the election of DonnaLee (Donna) DeMaio to its Board of Directors. Ms. DeMaio was previously executive vice president and global chief operating officer for the General Insurance division of American International Group (AIG). In this role she was responsible for all operational aspects of General Insurance globally, overseeing an…
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FNG Exclusive… FNG has learned that multi-asset broker Exness has promoted Artem Seledtsov to the position of Chief Business Development Officer. Artem Seledtsov first joined Exness in mid-2020 as Head of Global Country Development, and in 2021 was named Global Expansion Director. He seems to have done quite well in that role, as Exness has…
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As the lawsuit brought by Benjamin Chang, a victim of a Ponzi scheme operated by Haena Park, against Interactive Brokers continues at the California Northern District Court, the conflict now appears to focus on document production. This becomes clear from a letter filed by Chang with the Court earlier this week. In the letter, seen…
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