Jason Warnick sells 20,000 shares in Robinhood Markets
Robinhood Markets, Inc. (NASDAQ:HOOD) has submitted an SEC filing making it clear that its Chief Financial Officer Jason Warnick has disposed of some shares in the company. Jason Warnick
Tag: forex-news
CFTC pushes for entry of default against fraudulent FX scheme GDLogix
The Commodity Futures Trading Commission (CFTC) is pushing for entries of default against Daniel LaMarco and his fraudulent Forex scheme GDLogix Inc. The request was filed on March 11, 2022, with the New York Eastern District Court. The Commission explains that the defendants have failed to file an answer or otherwise move with respect to…
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Traders reiterate claims of anticompetitive agreement between Robinhood and Citadel
About a month after Robinhood and Citadel challenged the amended antitrust complaint against them, the plaintiffs in a multidistrict litigation (MDL) related to the January 2021 short squeeze have submitted their response at the Court. Let’s recall that, according to the plaintiffs, this case involves a collusive agreement to restrict individual investors from exercising control…
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CFTC allowed to use alternate service on key defendant in ROFX case
Several days after the Commodity Futures Trading Commission (CFTC) confirmed that it is unable to ascertain the current address or whereabouts of Jase Davis, an individual behind fraudulent Forex scheme ROFX, the Court has issued an order that is set to simplify the proceedings. Judge Darrin P. Gayles of the Florida Southern District Court has…
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Italy’s Consob adds CryptoIFX and AlphaTradeplus to list of blocked websites
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blackout of six new websites that abusively offer financial services. The websites targeted by the latest set of orders are: FT Global Financial Ltd (website https://empirefxm.com and related page https://my.empirefxm.com); Eudaimon Consultind LLC (websites https://tradingtech.io and https://aceinvesting.io); “Cornerfxtrade24” (website https://cornerfxtrade24.co and related page https://client.cornerfxtrade24.co); CryptoIFX Ltd…
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Sezzle announces workforce reduction
Fintech company Sezzle Inc. (ASX:SZL) announces a workforce reduction expected to result in approximately US$10.0 million of annual run-rate cost savings (i.e., salaries and benefits). The workforce reduction will occur across nearly all business operations to streamline reporting structures and create clearer lines of accountability. “Sezzle has experienced significant growth in its history and is…
ADSS hires Sophia Salim as Chief Product and Innovation Officer
Abu Dhabi-based Retail FX and CFDs broker ADSS has announced that it has hired Sophia Salim as the company’s new Chief Product and Innovation Officer. ADSS said that the hire complements a series of key senior executive hires over the past 12 months that will support the firm’s ambitious strategy to expand its retail and…
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eToro changes pricing model for crypto trading
Online broker eToro is changing the pricing model for crypto trading. The company explains that its clients communicated to it that they were dissatisfied with its crypto prices. As a result of this, eToro decided to take action to make the costs of trading cryptoassets on eToro more transparent. By changing the pricing model for…
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FCA takes aim at illegal crypto ATMs operating in the UK
UK financial regulator FCA has announced that it has warned operators of crypto ATMs in the UK to shut their machines down or face enforcement action. Crypto ATMs offering cryptoasset exchange services in the UK must be registered with the regulator, and must comply with UK Money Laundering Regulations (MLR). None of the cryptoasset firms…
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ESMA issues recommendations to CySEC
The European Securities and Markets Authority (ESMA) today announced a set of recommendations to the Cyprus Securities and Exchange Commission (CySEC), the first time ESMA has issued such recommendations to a National Competent Authority (NCA). The recommendations refer to several aspects of the supervisory cycle, encompassing ongoing supervision, investigations and enforcement / sanctioning. The aim…