Stuart Scott, a former FX trader and supervisor at HSBC, will seek to dismiss the indictment charging him with wire fraud and wire fraud conspiracy. This becomes clear from a motion for hearing filed by Mr Scott’s representatives with the New York Eastern District Court on March 3, 2022. The document, seen by FX News Group,…
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Recently, the FXVC platform has voluntarily relinquished its CySEC license in Cyprus and announced that it will no longer provide/carry out investment services or conduct commercial transactions from March. According to the FXVC website, FXVC has voluntarily decided to give up its CySEC CySEC CIF license number 238/14 from January 20, 2022, and has stopped…
Read More “FXVC voluntarily gave up CySEC license in Cyprus and has been delisted!” »
TorOption is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, never monitored in terms of its safety and simply may operate the business in any…
The broker witnessed two consecutive record months in 2022. The number of active clients on the platform also touched record. The Cyprus-headquartered retail forex and contracts for differences (CFDs) broker has been seeing a flood in demand for trading activities for a while now. It has become one of the very few retail forex brokers…
Read More “Exness Sets Another Record, February Trading Volume Hits $1.59T” »
The Securities and Exchange Commission (SEC) has secured a final judgment against Stefan Qin, founder of Virgil Sigma Fund. According to an order, signed by Judge Lorna G. Schofield of the New York Southern District Court on March 1, 2022, the defendant is permanently restrained and enjoined from violating, directly or indirectly, Section 10(b) of…
Read More “Court orders Virgil Sigma Fund founder to pay nearly $40M in disgorgement” »
Fintech firm Equiniti (EQ) today announced the appointment of Martin Flanigan as Chief Executive Officer for the Americas, effective immediately. In this role, Mr. Flanigan will be responsible for driving strategic growth initiatives and will report to Paul Lynam, Group Chief Executive Officer of EQ. Martin Flanigan, Chief Executive Officer for the Americas at Equiniti
FNG Exclusive… FNG has learned that FCA regulated institutional crypto and FX broker GCEX has hired Juan Scarabino as the company’s new Chief Risk Officer (CRO). He will also join the board of parent company GC Exchange Limited. Juan Scarabino spent 11 years at London based Retail FX broker ActivTrades from 2008-2019, serving as Group…
Read More “Exclusive: GCEX hires former ActivTrades and Oval exec Juan Scarabino as CRO” »
The Commodity Futures Trading Commission (CFTC) today announced the U.S. District Court for the Middle District of Florida entered consent orders on March 1 for permanent injunction, monetary sanctions, and equitable relief against Marvin W. Courson III and Christopher A. Kertatos. Previously, the U.S. District Court for the Middle District of Florida had entered an…
Read More “Court orders individuals involved in Alista precious metals scheme to pay over $1.6M” »
Visa (NYSE:V) today announced that Frank Cooper III will join the company as Chief Marketing Officer (CMO) in May 2022. Mr. Cooper will also serve as a member of the company’s Executive Committee and report to Chairman and Chief Executive Officer (CEO), Al Kelly. Mr. Cooper will lead the global marketing organization to drive demand…
About OctaFXFounded in 2011, OctaFX is part of a group of global entities, which include Octa Markets Incorporated (based in Saint Vincent and the Grenadines) and Octa Markets Cyprus Ltd (based in Cyprus). Is OctaFX Safe?OctaFX is considered high-risk, with an overall Trust Score of 66 out of 99. OctaFX is not publicly traded and…
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