August 18, 2025 BY Sam Boughedda

ASIC Hands Four-Year Ban to Former Next Generation Adviser

The ban prevents Mr Rankin from offering financial advice, controlling a financial services business, or performing any related function until August 2029.  ASIC determined that while working as an authorised representative of Next Generation Advice Pty Ltd (in liquidation), Mr Rankin gave inappropriate advice to several clients. According to ASIC, Mr Rankin recommended clients establish…

Read more
Standard Chartered bank HQ
August 18, 2025 BY Sam Boughedda

Standard Chartered Launches 4th VCC Sub-Fund

The company said in a release on Monday that the fund aims to provide diversified total returns with lower volatility and stronger downside protection by tapping into PIMCO’s best ideas across the credit spectrum, including high-yield bonds, emerging market debt and bank loans. It is also said to feature a monthly distribution component, catering to…

Read more
Plus500 office
August 18, 2025 BY Sam Boughedda

Plus500 Announces New $90 Million Share Buyback Programme

The company said the move underscores its “disciplined capital allocation framework” and confidence in delivering sustained shareholder returns. The fresh buyback is said to form part of the $165 million shareholder returns unveiled in its half-year results earlier this month, which also included dividends of $75 million.  The programme, managed by Panmure Liberum, will run…

Read more
August 15, 2025 BY Sam Boughedda

YLG Futures is Now Available On TradingView

Part of the Bangkok-headquartered YLG Bullion Group, the firm has been active in the precious-metals market for more than three decades and has held a licence from Thailand’s Securities and Exchange Commission since 2009.  TradingView noted in its release that YLG Futures also maintains a presence in Singapore and has won multiple industry accolades, including…

Read more
August 15, 2025 BY Sam Boughedda

RayNeo and Ant Group Launch Hands-Free AR Glasses Payments

The RayNeo X3 Pro AR glasses are the first to support transactions through both Alipay QR codes and Alipay Tap! merchant terminals in China.  Users can link their glasses to their Alipay account, enable voice verification, and complete purchases by issuing a simple spoken command, with transactions confirmed by voice and authenticated through Alipay’s multidimensional…

Read more
FINRA's 2018 volume tops 2017 activity by 87%
August 15, 2025 BY Sam Boughedda

PFS Investments to Repay $710,000 Over Mutual Fund Fee Failures

FINRA explained that between August 2019 and July 2024, customers entitled to cost reductions through “rights of reinstatement,” a benefit allowing investors to reinvest in certain funds without incurring front-end sales charges or to reclaim deferred sales charges, were charged excess fees.  The shortfall is attributed to the firm’s reliance on manual processes, which left…

Read more
FINRA building
August 15, 2025 BY Sam Boughedda

Stifel Fined $175,000 Over Inaccurate Order Routing Disclosures

According to FINRA, between January 2020 and December 2023, Stifel released 16 quarterly reports under Rule 606(a) of Regulation NMS that misstated key information, including payments for order flow, profit-sharing arrangements, transaction fees and rebates.  In some cases, the firm is said to have incorrectly reported these amounts as zero, despite having received or paid…

Read more
August 15, 2025 BY Sam Boughedda

CME's Interest Rate Futures Open Interest Hits a New Record

The same day, open interest in U.S. Treasury futures and options hit 31,615,333 contracts, while SOFR futures open interest reached 13,738,220 contracts, both all-time highs.  CME also recorded 3,526 large open interest holders in interest rate futures, according to the U.S. Commodity Futures Trading Commission’s 29 July Commitment of Traders report. “New open interest records…

Read more
Texas
August 15, 2025 BY Sam Boughedda

Q2 Holdings Announces NYSE Texas Dual Listing

The company will maintain its primary listing on the New York Stock Exchange and continue trading under the symbol QTWO on both exchanges. The NYSE Texas listing becomes effective today, 15 August 2025. “Texas has always been home for Q2,” said Matt Flake, chairman and chief executive of Q2. “Our dual listing on NYSE Texas…

Read more
August 15, 2025 BY Sam Boughedda

Coinbase Completes Deribit Acquisition

Deribit, the world’s largest crypto options exchange by volume and open interest, reported about $60 billion in current open interest and more than $1 trillion traded in 2024.  The platform experienced its strongest month on record in July 2025, with trading volumes exceeding $185 billion amid a surge in institutional activity. Coinbase said Deribit’s “fast,…

Read more