The Securities and Exchange Commission (SEC) has announced that Jane Norberg has been promoted to chief of the SEC’s Office of the Whistleblower. Ms. Norberg joined the SEC in 2012 as the first deputy chief of the Office of the Whistleblower and helped establish the office, which intakes and reviews whistleblower tips received by the agency,…
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Further to our report yesterday that the founding group of CFD broker Plus500 Ltd (LON:PLUS) had filed plans to sell about 40% of their collective holdings in Plus500, the company has announced that the placement has concluded but at a significant discount to Plus500's closing share price from last night. In total (see table below),…
Read moreAs all players in the Paris financial market are gearing up for the challenges posed by Brexit, the Autorité de contrôle prudentiel et de résolution (ACPR) and the Autorité des marchés financiers (AMF) are getting ready to welcome British-based institutions that wish to locate their business in France. The United Kingdom’s decision to leave the…
Read moreBats Global Markets, Inc. (Bats: BATS) has welcomed TrimTabs as a new issuer to the Bats ETF Marketplace with the launch of a new fund. The issue is the TrimTabs Float Shrink ETF (Bats: TTAC), which seeks to generate long-term returns in excess of the total return of the Russell 3000 Index with a focus on free cash…
Read moreASIC has permanently banned former Deutsche Bank FX options and futures trader, Andrew Donaldson, of Sydney, from providing financial services. The banning follows an ASIC investigation into Mr Donaldson's conduct in 2013 and 2014 in entering a significant number of false entries into Deutsche Bank's records. By making these false entries, Mr Donaldson temporarily offset…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) has announced that it has filed a civil enforcement action in the U.S. District Court for the Southern District of New York against eFloorTrade, LLC (eFloorTrade) and its majority owner and sole principal John Moore, charging them with recordkeeping and supervision failures and charging Moore with making false…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against SG Americas Securities, LLC, as successor to Newedge USA, LLC (Newedge), a financial services firm registered with the CFTC as a Futures Commission Merchant for participating in unlawful wash trades and for failing to diligently supervise over a…
Read moreIntelligent market data and order execution solutions provider Redline Trading Solutions has announced the availability of its new InRush feed handler, for the new high-performance EBS Live Ultra market data feed. EBS BrokerTec announced in February 2016 its plan to introduce streaming real-time market data later in the year for its leading EBS Market foreign exchange trading platform,…
Read moreCFD broker Plus500 Ltd (LON:PLUS) has announced that the founders of the Company - Alon Gonen and Gal Haber (pictured above), as well as Elad Ben-Izhak, Omer Elazari and Shlomi Weizmann - have notified the company of their intention to sell in aggregate up to 15.5 million of their Plus500 shares. The 15.5 million shares…
Read moreAnother piece of news from GAIN Capital Holdings Inc. (NYSE: GCAP) we learned that GTX, the institutional foreign exchange trading arm of GAIN and Nightberg, an independent macro strategy firm founded by former hedge fund strategists, are partnering to distribute Nightberg’s full suite of investment research to institutional FX traders. The product will be provided on…
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