Introducing broker Vankar Trading, an NFA-member introducing broker based in Chicago, has seen the NFA permanently bar it from membership and from acting as principal of an NFA member. In addition, the NFA has barred John S. Karvelas, sole principal of Vankar, from acting as a principal of an NFA Member for 10 years. Karvelas was…
Read moreHong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
Read moreRetail Forex broker Exness has announced that it has launched enhanced analytics for its trading clients, including earlier publication of data and analytics with greater depth. Exness recently unveiled that it had received an FCA license for its UK subsidiary, with plans to expand in Europe. Most of Cyprus-based Exness' current business is in the…
Read moreThe Securities and Exchange Commission (SEC) has announced that Credit Suisse AG has agreed to pay a $90 million penalty and admit wrongdoing to settle charges that it misrepresented how it determined a key performance metric of its wealth management business. A former executive agreed to settle charges that he was a cause of Credit Suisse’s…
Read moreBats Global Markets, Inc. (Bats:BATS), has announced the successful migration of its largest options exchange, BZX Options, to the company’s proprietary next-generation matching engine. The migration of BZX Options to the new technology was seamlessly completed without incident or impact to customers. On the final day of migration, September 29, 2016, 100% of active customers…
Read moreThe Minister for Revenue and Financial Services, The Hon. Kelly O’Dwyer has today launched ASIC's MoneySmart ‘Simple Money Manager'. The Simple Money Manager is a free online budgeting resource designed to help culturally and linguistically diverse (CALD) Australians with everyday budgeting to take control of their finances. ASIC has consulted a wide range of government…
Read moreThe U.S. Securities and Exchange Commission today announced that Credit Suisse Group AG (ADR) (NYSE:CS) has agreed to pay a $90 million penalty and admit wrongdoing to settle charges that it misrepresented how it determined a key performance metric of its wealth management business. Former Credit Suisse executive Rolf Bogli, who served as chief operating…
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Digital payments platform provider Payoneer has announced today that it has completed the first closing of a significant growth equity financing totaling $180 million. Late stage venture capital investor Technology Crossover Ventures (TCV) led the round, and was joined by existing Payoneer investor Susquehanna Growth Equity. We had reported last year that Payoneer had raised $50 million,…
Read moreThe Securities and Exchange Commission (SEC) has announced fraud charges against an investment adviser accused of “cherry-picking” profitable trades for his own account rather than a client’s accounts, and misleading seniors and other clients about the fees he charged and the risks in investments he recommended. The SEC Enforcement Division alleges that Laurence I. Balter and…
Read moreDeutsche Börse has just announced Eurex' September report. The investment behaviour of the buy side is undergoing structural changes. Passive products like Exchange Traded Funds (ETF) are gaining momentum. This changes the investment behaviour on the derivatives markets and increasingly shapes the product offering of exchanges. Eurex CEO Thomas Book commented when presenting Deutsche Börse Group’s…
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