The Australian Securities and Investments Commission (ASIC) announces that it has cancelled the Australian financial services (AFS) licence of United Wealth Group Pty Ltd. ASIC found that the operation of a one size fits all advice model and the use of generic reasons to support personal advice recommendations meant United Wealth Group failed to ensure…
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Visa Inc (NYSE:V) has completed the acquisition of Currencycloud, a global platform that enables banks and fintechs to provide innovative foreign exchange solutions for cross-border payments. The acquisition will empower Visa and Currencycloud clients and partners to provide greater transparency, flexibility and control for consumers and businesses when making international payments or doing business in…
US based online broker Interactive Brokers (NASDAQ:IBKR) has been running a series of television ads, touting its lack of use of payment-for-order-flow (PFOF) in handling client orders. The ads seem to be a response to Robinhood (NASDAQ:HOOD), which burst onto the scene in recent years and has taken a lot of business away from “traditional”…
Cryptocurrency platform Voyager Digital Ltd announces that Brian Brooks has been appointed to its Board of Directors effective immediately. Brian Brooks is currently CEO of Bitfury Group Ltd and was formerly the Acting Comptroller of the U.S. Currency at the Office of the Comptroller of the Currency and, before that, the Chief Legal Officer of…
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Multi-asset investment company Saxo Bank announces that its equity theme baskets will undergo a yearly review in January and some of the baskets will likely see changes. Saxo still has the robotics & automation theme in the pipeline, but it has proved to be more difficult to isolate in terms of pure exposure and risk…
Read More “Saxo Bank announces several new equity baskets coming in 2022” »
The United States Securities and Exchange Commission (SEC) today announced fraud charges against five Russian nationals for engaging in a multi-year scheme to profit from stolen corporate earnings announcements obtained by hacking into the systems of two U.S.-based filing agent companies before the announcements were made public. The SEC’s complaint, filed in federal district court…
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FNG Exclusive… FNG has learned that following a very successful fiscal 2021, FCA regulated institutional FX broker Global Market Index Ltd, which operates under the brand GMI UK, has promoted Zaid Alkhatib to Chief Operating Officer (COO) of the company. Mohamed Elfishawy has also been promoted to Head of Operations and Technology Development, and Secretary…
Read More “Exclusive: GMI UK promotes Zaid Alkhatib to COO, Mohamed Elfishawy to Head of Ops” »
The proceedings launched by the United States Securities and Exchange (SEC) against Apostolos Trovias, also known as TheBull, are set for a delay, as indicated by a status report filed by the regulator in the New York Southern District Court on December 17, 2021. The Commission understands that Trovias, who is charged with violations of…
Read More “SEC says extradition of TheBull to the U.S. is still pending” »
The Yuh app, launched by Swissquote and PostFinance in May 2021, is further expanding its functionalities. The app has introduced a monthly card limit. The new feature allows the users of the app to keep their spending at bay. Yuh users get to decide where to draw the spending line and make sure their finances…
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Markets infrastructure and data solutions provider TP ICAP (LON:TCAP) has announced that leading liquidity providers Jane Street and Virtu Financial have committed to supporting the upcoming launch of the TP ICAP Digital Assets Spot Platform. The addition of the market makers will help provide the platform with the tight pricing that clients expect and from…
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