The FCA
December 09, 2022 BY Steffy Bogdanova

FCA fines Santander UK £107.7 million for recurrent anti-money laundering lapses

Mark Steward, Executive Director of Enforcement and Market Oversight at the FCA, said: Santander’s poor management of their anti-money laundering systems and their inadequate attempts to address the problems created a prolonged and severe risk of money laundering and financial crime. As part of our commitment to prevent and reduce financial crime, we continue to…

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NFA Fine
December 09, 2022 BY Steffy Bogdanova

Gain Capital fined $700K by NFA for compliance violations

Gain Capital stopped the system malfunction but before it had done so it had incurred a loss of about $3 million. The company also made negative adjustment of the accounts of 17 customers by about $2.84 million and the positive adjustment of 33 customer accounts by about $35,000. These actions were approved by Gain Capital's…

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Broadridge
December 09, 2022 BY Steffy Bogdanova

Broadridge teams up with IntraFi to expand securities-based lending services

Mike Alexander, President of Wealth Management, Broadridge, said: Broadridge’s partnership with IntraFi expands the availability of securities-based lending to previously underserved parts of the market — community and regional banks, independent broker-dealers, and unaffiliated advisors and RIAs.This innovative joint solution for banks brings more capital to bear in the securities-based lending business and increases the…

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Hargreaves Lansdown hires Dan Olley as CEO
December 08, 2022 BY Steffy Bogdanova

Dan Olley becomes the new CEO of Hargreaves Lansdown

Olly has served as pendent non-executive director at Hargreaves Lansdown (HL) since June 2019. Prior to becoming CEO of Dunnhumby, he worked at analytics company RELX for 17 years. While there, he held a number of senior digital roles and helped drive its digital transformation. Chair Deanna Oppenheimer said: Having worked with Dan in a…

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Euronext
December 08, 2022 BY Steffy Bogdanova

Euronext sees $463.7 billion in FX trading volume in November

The average daily volume in FX for last month came in at $21.1 billion. Compared to October’s $21.5 billion, this was a 2.1% MoM drop. Total Cash Market numbers in November stood at $240.0, rising 16% compared to previous month. On yearly basis, the exchange saw a 20% decrease. Derivatives markets on Euronext strengthened by…

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December 08, 2022 BY Steffy Bogdanova

CySEC adds another 5 unregulated brokers to warning list

The Cypriot watchdog stated: CySEC urges investors to consult its website (www.cysec.gov.cy), before conducting business with investment firms, in order to ascertain the entities which are licensed to provide investment services and/or investment activities. Earlier in September, CySEC added five companies to its warning list.

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Muinmos appoints Jens Woeste as Commercial Director
December 08, 2022 BY Steffy Bogdanova

Muinmos hires Jens Woeste as Commercial Director

To his new position at Muinmos, Jens Woeste brings more than two decades of sales, product development and technical experience in capital markets. In his career, he spent seven years as Principal Market Specialist at Calypso Technology, where he worked with some of the world’s biggest financial institutions. Additionally, he spent seven years at Nykredit…

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