The company revealed the news in a post on social publishing platform Medium. They said the Series D-2 round was led by Accel, a longstanding partner that has led or co-led every Public.com funding round since it launched in 2019. Initially known as a "social stock trading app," Public said it has now evolved into…
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Brokerage ActivTrades said Thursday that it has obtained a new regulatory licence from the Financial Services Commission (FSC) in Mauritius, bolstering its capacity to serve international clients. The latest move is said to align with the firm’s ongoing expansion strategy and further enhance its position in key global markets. The Mauritius licence is the fifth…
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In his new position, Phil will be responsible for achieving ACY Connect's sales growth objectives by cultivating new institutional client relationships throughout the region. His focus will include researching, identifying, and creating sales opportunities in the global market. Phil will report directly to the CEO and collaborate closely with all facets of ACY Connect to…
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The move is designed to free up capital for increased investment in its affluent franchise, a key growth driver for the bank. The bank announced it is exploring the potential sale of its WRB businesses in Botswana, Uganda, and Zambia. The strategic decision aligns with its broader goal of accelerating income growth and returns, as outlined…
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The company’s CEO, Lord Peter Cruddas, clarified recent reports about a write-off of the initial investment in StrikeX. Cruddas stressed that the write-off was merely an accounting decision and did not reflect a change in CMC Markets' belief in StrikeX's potential or their strategic partnership. CMC said the change does not reflect our belief in…
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The financial services firm reported a pre-tax profit of £49.6 million, a stark contrast to the £2 million loss recorded in the same period last year. The company said this was due to the combination of robust net operating income and disciplined cost management. Net operating income surged 45% to £177.4 million, which the company…
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The company announced its launch in New York on Tuesday, making its services available to eligible investors in all 50 states. This development was confirmed by a tweet from the New York Stock Exchange (NYSE) on Wednesday, highlighting the importance of eToro's entry into the state. “Major news from @eToro — the world’s largest social…
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The accounts offer favourable tax exemptions, making them an attractive savings vehicle for eligible French individuals. Interactive Brokers explained in its press release that PEA accounts through Interactive Brokers enable French tax-resident clients to build portfolios while benefiting from a preferential tax structure and low costs. The broker's clients can choose from various French and…
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Online brokerage Robinhood Markets revealed Tuesday that it has entered into an agreement to acquire TradePMR, a custodial and portfolio management platform for Registered Investment Advisors (RIAs). The deal, valued at approximately $300 million, is expected to close in the first half of 2025. TradePMR, with over 25 years of experience and $40 billion in…
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Collinson’s decision to step down due to personal reasons comes as Aquis is set to be acquired by SIX Exchange Group AG. The company said Collinson believes this is an opportune moment for him to hand over the reins to Deirdre Somers, who has been appointed as the new Non-Executive Chair. Somers has a wealth…
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