FINRA slaps a $9 million fine on Credit Suisse Securities for operational failures LeapRate

January 21, 2022 BY Steffy Bogdanova

FINRA slaps a $9 million fine on Credit Suisse Securities for operational failures

Credit Suisse violations FINRA discovered that Credit Suisse failed to comply with the Securities and Exchange Commission’s Customer Protection Rule in two ways. First, the company is required to maintain possession or control of billions of dollars of fully paid and excess margin securities it carried for customers, which it failed to do. The second…

ZuluTrade 2.0 and future plans after the acquisition by Finvasia

January 21, 2022 BY Steffy Bogdanova

ZuluTrade shares future plans following the acquisition by Finvasia

ZuluTrade 2.0 will promote and accelerate community engagement. The new version of the platform will also focus on providing users access to analysis, data, insights and portfolio optimization tools, which are typically reserved to professional investors. With the acquisition by Finvasia group, Zulu will also gain access to its resources and will look to obtain…

January 21, 2022 BY Steffy Bogdanova

Robinhood crypto wallets beta program goes live

The Beta program Beta testers will help the company test core functionality and give feedback which will help reach the final version of the product. During the Beta program stage of the project, Robinhood will finalize the send and receive flows, add QR scanning functionality, improve the transaction history interface, and add block explorer support…

January 21, 2022 BY Steffy Bogdanova

JKO withdraws acquisition offer for Playtech

Aristocrat Offer The Board of Directors of Playtech unanimously recommends that the shareholders vote in favour or Aristocrat Leisure’s offer. Playtech’s Court and General Meetings, where the shareholders can vote on the acquisition offer and on the Playtech Resolutions will be held on 2 February 2022. Playtech’s BoD has shared concerns that it still seeking…

January 21, 2022 BY Steffy Bogdanova

ASIC to work with 5 Regtech firms to tackle corporate disclosure challenges

The five companies will help ASIC analyse the corporate disclosures and other company datasheets. They will identify and assess compliance by listed companies with a range of requirements, such as continuous disclosure, financial reporting obligations, and the prohibition against deceptive disclosures and security price manipulation. Funding Each of the five small-to-medium regtech enterprises (SMEs) will…

January 21, 2022 BY Steffy Bogdanova

Fintech Public.com acquires data visualization platform HyperCharts

Galileo Russell, said: One chart is worth 1,000 numbers. We built HyperCharts to make financial analysis easy, fun, and approachable for the masses by turning complex SEC filings into simple, interactive charts. I’m so excited to partner with Public to expand the capabilities of our financial visualization software. HyperCharts’ mission to democratize financial markets and…

January 20, 2022 BY Steffy Bogdanova

GK Trade New York names Selim Sari CEO

Sari will focus on GKG’s expansion in the US and on developing partnerships with brokers to enable GKG’s international clients to access the US market. Engin Çubukçu, GKG’s Chairman, said: Selim’s appointment marks a further important milestone in the development of our US business. He will spearhead GK Trade New York’s expansion in the country…

January 20, 2022 BY Steffy Bogdanova

Chris Cotterell appointed as Finalto Australia Managing Director

Chris Cotterell commented: As an Aussie having moved to the UK nearly 20 years ago, I am excited to be heading back home to help grow the Finalto brand and our amazing product portfolio. Cotterell brings to his new role more than two decades of financial experience. Throughout his career, he has held managerial positions…

January 20, 2022 BY Steffy Bogdanova

Gold-i selected by Modus.Trade for crypto fund management

Modus.Trade’s strategies are built using MetaQuotes language which makes MT5 a perfect fit as a trading platform. MT5 also has a strong audit trail and is an easy-to-use platform for trading digital assets. Tom Higgins, CEO, Gold-i added: We have always seen ourselves as a pioneer in the digital assets world, having launched our Crypto…

January 20, 2022 BY Steffy Bogdanova

StoneX expands services into digital payments, Dean Chang to lead the development

Carsten Hils, Global Head of StoneX Payments, commented: We recognize that although we are providing world-class cross-border FX payout solutions, our clients have other payments needs that we plan to address with these new capabilities. We want to position ourselves to support their goals, leveraging our experience and knowledge in emerging markets. Dean brings a…