The UK Financial Conduct Authority (FCA) announces that it has decided to make an order, pursuant to section 56 of the Act, prohibiting Paul Seakens from performing any function in relation to any regulated activity carried on by any authorised person, exempt person or exempt professional firm. Mr Seakens committed offences of converting criminal property…
Read More “FCA issues ban as to Opus Capital director Paul Seakens” »
As the lawsuit brought by ex-Citi Forex trader Rohan Ramchandani against his former employer continues at the New York Southern District Court, the parties in the lawsuit are trying to put an end to discovery disagreements. This becomes clear from documents filed in the Court on January 14, 2022. The document, seen by FX News…
Read More “Citi, former head of FX trading desk try to resolve discovery disputes” »
The United States Securities and Exchange Commission (SEC) plans to move for a default judgment against former Goldman Sachs’ compliance analyst Jose Luis Casero Sanchez. This becomes clear from a status report submitted by the regulator at the New York Southern District Court on January 14, 2022. The document, seen by FX News Group, reveals…
Read More “SEC to move for default against ex-Goldman analyst accused of insider trading” »
After something of a quiet period in Q4, M&A activity has picked up in earnest in the FX industry in 2022, with a number of transactions unveiled this past week involving Swissquote, United Fintech (its fourth deal in the past 14 months), NinjaTrader, and XGlobal. We also are beginning to see 2021 financial results start…
Embattled offshore Retail FX broker Samtrade FX has posted an “FAQ” statement, updating the effective shutdown of the company by Singapore police and that country’s financial regulator MAS earlier this month. The police and regulator action included the arrest of three Samtrade FX management team members, which we believe includes the company’s controlling shareholder and…
Read More “Samtrade FX updates on trading and withdrawal freeze” »
The UK Treasury Committee has published correspondence on the increasing cost of card payment services for businesses in the UK. In response to a letter from the Committee Chair, the Payment Systems Regulator (PSR) outline that they have not seen evidence that the costs of operating payment services have increased for card issuers to warrant…
Read More “UK Treasury Committee examines increasing cost of card payments for businesses” »
S&P Dow Jones Indices announced today that it will remove Afterpay Limited (ASX:APT) from the S&P/ASX 200, as a result of the scheme of arrangement whereby the company will be acquired by Block, Inc (NYSE:SQ). S&P Dow Jones Indices will remove Afterpay Limited from the S&P/ASX 200 effective prior to the open of trading on…
The Hong Kong Monetary Authority (HKMA) announces the completion of an investigation and disciplinary proceedings for 33 Financial Services Limited (33FS) under the Payment Systems and Stored Value Facilities Ordinance (PSSVFO). The regulator has reprimanded and ordered 33FS to pay a pecuniary penalty of HK$875,000 for contravening section 8Q of the PSSVFO as it failed…
Read More “HK watchdog takes disciplinary action against 33 Financial Services Limited” »
The total carbon footprint of the bitcoin network increased by about 25% in 2020, while the number of transactions fell by 6%. This amounts to a climate impact of about 402 kg of CO2 per bitcoin transaction in 2020, according to the first results of a new method developed by De Nederlandsche Bank (DNB) to…
Read More “DNB: The climate impact per bitcoin transaction is rising” »
“Tesla will make some merch buyable with Doge & see how it goes,” Musk said in a tweet. The carmaker’s shares were down 3% in early trading, amid broader market declines. Dogecoin , popular among retail investors, raced up to $0.20 after the tweet. Musk’s tweets on the cryptocurrency, including the one where he called…
Read More “Tesla to accept dogecoin as payment for merchandise, says Musk” »
