Category: forex news

Standard Chartered PLC (LON:STAN) today announces that Maria Ramos, Independent Non-Executive Director has been appointed as a member of the Remuneration Committee. Naguib Kheraj, Deputy Chairman will step down as a member of the Audit Committee and Remuneration Committee. These changes take effect from 5 July 2021. Maria Ramos was appointed an independent non-executive director…

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Global multi-asset investment platform eToro and CFR 1907 Cluj announce that eToro has become the main partner of the reigning Romanian football champions in a multi-year deal. This deal illustrates eToro’s commitment to the Romanian market, and will see their logo feature on all official club teamwear including the playing shirt. CFR 1907 Cluj is…

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A couple of months after the United States Commodity Futures Trading Commission (CFTC) managed to secure entries of default against Forex Ponzi scheme 1st Million and the individuals linked to it, the regulator faces a challenge to this achievement. Two of the defendants in this case – Arley Ray Johnson and John Frimpong, a/k/a Dr….

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Amsterdam based BUX, one of the fastest growing neo-brokers in Europe, has announced the appointment of Salim Sebbata as the new Chief Executive Officer (CEO) of BUX UK. Mr. Sebbata will be taking over the helm of the BUX UK operations from Yorick Naeff, who recently took on the role of CEO of BUX earlier…

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Multi-asset investment company Saxo Bank continues to grow its lineup of equity theme baskets. The latest addition is Saxo’s basket on 3D printing companies. This is the smallest basket Saxo has done so far with only 16 companies making the cut. Saxo’s Head of Equity Strategy Peter Garnry explains: “We want our baskets to provide…

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What longtime co-CEO left Admirals? What internal management shuffle led to new CEOs for Equiti Capital and Equiti Seychelles? Which leading London VC figure is behind new multi-bank FX platform MillTechFX? Which major financial institutions announced new crypto initiatives? Answers to these question and a whole lot more appeared first or exclusively this week at…

Read More “FX week in review: CEO moves at Admirals and Equiti, MillTechFX launches, institutional crypto” »

Jeremy David McAlpine, 25, of Fountain Valley, and Zachary Michael Matar, 28, of Huntington Beach, founders of cryptocurrency firm Dropil, were charged on Friday with securities fraud. McAlpine and Matar have agreed to plead guilty to the charge, according to plea agreements that also were filed on July 2, 2021. In 2017, McAlpine and Matar…

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This is now getting interesting. A firm calling itself Gopher Investments has made a $250 million competing offer to buy the Financials division of Playtech plc (LON:PTEC), consisting of the Finalto institutional B2B business and Retail FX broker Markets.com. FNG had exclusively reported back in January that Playtech had come to an agreement to sell…

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Russia’s Federal Antimonopoly Service (FAS) has detected several violations of the Russian advertising laws in an eToro ad disseminated via Google AdWords. The FAS investigation followed a complaint by Russia’s FX self-regulatory organization AFD. The ad in question concerned products and services offered by eToro (Europe) Ltd. The ad (in Russian) stated that eToro is…

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Australians in dispute with banks, insurers, super funds, investment firms and financial advisers lodged more than 70,000 complaints with the Australian Financial Complaints Authority (AFCA) in the past 12 months. They secured more than $240 million in compensation and refunds after seeking AFCA’s help, as well as outcomes such as fee waivers, debt forgiveness and…

Read More “Investments account for 6% of complaints received by AFCA in 2020-21” »