There will be a delay with regard to the $170 million distribution plan the Securities and Exchange Commission (SEC) has proposed in its case against BlueCrest Capital Management Limited. As FX News Group has reported, BlueCrest agreed to the payment of $170 million last year in order to settle charges arising from inadequate disclosures, material…
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TradingView introduces a new tool – Idea. Thousands of users post trading ideas on the TradingView platform every day to share their thoughts and opinions on the global markets, showcase their analytical methods and strategies, offer training materials to other members of the community, or even show off their artistic skills. The new tool, like…
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Multi-asset investment specialist Saxo Bank has ranked the most popular stocks among its clients for 2021. The top two slots are taken by Tesla and Nio, followed by ASML and Apple. Peter Garnry, Head of Equity Strategy at Saxo, notes that 2021 ended up being a very good year for global equities with markets up…
Shortly after issuing a warning notice about trading conditions for Turkish lira (TRY) currency pairs, FOREX.com Japan has confirmed that it will amend the margin requirements for these trading instruments. The change reflects the increased volatility of the Turkish lira (TRY). After the closing of trading on Thursday, December 30 (7:00 am on Friday, 31st…
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About a month after the Court sided with Interactive Brokers in a lawsuit alleging the electronic trading major aided the Ponzi scam orchestrated by Haena Park, the plaintiff has filed an amended complaint. The document, submitted at the the California Northern District Court and seen by FX News Group, provides more detailed allegations about Interactive…
Read More “Ponzi scam victim revives complaint against Interactive Brokers” »
Germany’s Federal Financial Supervisory Authority (BaFin) announces that it has imposed an administrative fine of EUR 8.66 million on Deutsche Bank AG. The regulator explains that, as a supervised contributor to EURIBOR, the bank at times did not have in place effective preventive systems, controls and policies within the meaning of Article 16(2)(a) of the…
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Online trading company Rakuten Securities Australia is further expanding its lineup of trading instruments. The broker has announced the addition of a set of trading products involving metals to its offering. The following metal products are now available to trade: XAUEUR (Gold/Euro) XAUGBP (Gold/Sterling) XAUAUD (Gold/Australian Dollar) XAUCHF (Gold/Swiss Franc) XAUJPY (Gold/Yen) XAGEUR (Silver/Euro) XAGAUD…
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U.S. derivatives market regulator The Commodity Futures Trading Commission (CFTC) has announced that it has filed a civil enforcement action in the U.S. District Court for the District of New Jersey against WorldWideMarkets, Ltd., TAB Networks, Inc., Thomas Plaut of Saddle River, N.J., and Arthur Dembro of New York, N.Y., charging them with fraud and…
Read More “CFTC charges Thomas Plaut in multi-million dollar retail forex fraud” »
FNG Exclusive… Following up our recent exclusive coverage of the series of senior management departures at Retail FX broker ADSS at both its UAE headquarters and its FCA regulated London operation, FNG has learned that two more senior executives are leaving ADSS at year-end. The latest two to leave ADSS are Chief Compliance Officer Roland…
Read More “Exclusive: ADSS departures continue – Heads of Compliance and Front Office leave” »
FNG Exclusive… FNG has learned that Cyprus based Retail and Institutional FX broker TopFX has opened a new office in Dubai, to serve Arabic speaking and MENA region clients. The new TopFX office, located in the Burlington Tower in the Business Bay area of Dubai, will be headed by new hire Omar Al-Janabi. Mr. Al-Jabani…
Read More “Exclusive: TopFX hires Tickmill alum Omar Al-Janabi to head new Dubai office” »
