Metro Bank has been fined £16.67 million by the Financial Conduct Authority (FCA) for serious financial crime failings, the regulator revealed on Tuesday. The FCA said that between June 2016 and December 2020, Metro failed to implement adequate systems and controls to monitor over £51 billion worth of transactions for potential money laundering. They explained…
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The financial giant was found to have breached several rules, including a failure to implement sufficient pre-trade controls and a lack of adequate monitoring of trading activity. The incident that led to the fine occurred on May 2, 2022, when a significant price drop was observed across multiple financial instruments and indices traded on Nasdaq…
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ATFX said in a press release that the new office underscores the company's commitment to the region's thriving financial markets and its ambition to cater to the growing number of traders in the country. The new office in Mexico City will serve as a hub for ATFX's operations in the region, complementing its existing presence…
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In partnership with NCR Atleos, the company revealed it is replacing its entire portfolio of over 600 ATMs across eight countries with new hardware and software. The move is designed to elevate the customer experience by introducing a range of innovative features. One of the most notable additions is contactless cash withdrawal, which will be…
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The event was designed to highlight the significance of ATFX’s continued growth in the LATAM market. Attendees were able to enjoy a vibrant atmosphere, complete with live band performances. Speeches by senior leadership, including Ergin Erdemir, Head of Latin America (LATAM) at ATFX, and Joe Li, Chairman of ATFX, focused on the company’s vision for…
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According to the SEC's order, Invesco falsely claimed that a significant portion of its assets under management were "ESG integrated." However, the reality was that many of these assets were held in passive exchange-traded funds (ETFs) that did not consider ESG factors in their investment processes. “Invesco told clients and stated in marketing materials that…
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A Match to Be Made This collaboration allows us to enhance our service offerings by integrating Your Bourse’s innovative technology with our custom liquidity solutions. By combining our strengths, we can provide brokers with a seamless trading experience that includes the below: Enhanced Trading Technology with a Seamless Experience The partnership integrates Your Bourse's ultra-fast…
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The company is said to have failed to respond in a timely manner to multiple requests for information. The fines stem from three separate incidents between June 2021 and August 2023. In each case, FINRA said it requested information from Spartan Capital as part of an investigation, but the brokerage firm failed to meet the…
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This collaboration aims to elevate liquidity options for brokers. By integrating Your Bourse's advanced technology with ATFX's extensive liquidity solutions, the companies believe their partnership offers several benefits to brokers. The integration of Your Bourse's ultra-fast trade execution capabilities with ATFX's Prime of Prime services is expected to create a “powerful infrastructure” for efficient trading.…
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The company also revealed it has promoted Chief Financial Officer Lynne Fitzpatrick to the expanded role of President and CFO. Additionally, Julie Holzrichter, who served as Chief Operating Officer, will step down from her current position and transition to an advisory role. Suzanne Sprague will succeed Holzrichter as both Chief Operating Officer and Global Head…
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