In its brokerage metrics report for April, the broker said client activity remained robust across the platform. The number of client accounts reached 3.71 million, up 32% from the previous year and 3% higher than in March. Client equity also climbed, ending the month at $588.1 billion, a 28% increase year-on-year and a 3% rise…
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In a letter of acceptance, waiver, and consent published on May 1, FINRA stated that the firm failed to accurately report statistical and summary information regarding written customer complaints from January 2020 through June 2022, in violation of FINRA Rule 4530. During this period, the regulator said that at least 300 complaints went unreported, including…
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The number of Gold subscribers rose by 90% to 3.2 million, helping lift other revenues by 54% to $54 million. Net income more than doubled to $336 million, while diluted earnings per share rose 106% to $0.37. Customer engagement was also said to be strong, with 1.9 million more funded customers added over the year,…
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The company will appoint two Independent Non-executive Directors, Kushagra Saxena and Peter Klein, and two Nominee Directors, Nitin Kaul and Henry Obi CBE, nominated by Helios Investment Partners. The changes follow the retirement of Simon Poole, a longstanding Nominee Director, who has stepped down after nine years on the board. Kush Saxena, former CEO of…
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The firm said the decline was due to lower markets and institutional outflows, which weighed on results. The group saw net outflows of £6.4 billion from its Investments division, primarily due to a previously disclosed £4.2 billion redemption from a low-margin Phoenix mandate. Institutional & Retail Wealth assets declined to £204.8 billion, while Insurance Partners…
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Wolf, who has served on the firm’s board since June 2024, has more than 25 years of experience in capital markets, with expertise in fixed income, currencies and commodities. He joins Crossover at a time of growing institutional engagement in crypto and will aim to help the company achieve its strategic and financial goals. Most…
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However, the global fintech group said it expects full-year 2025 results to be ahead of current market expectations. EBITDA for the period came in at $93.8 million, down 9% compared to the first quarter of 2024 but up 23% from the prior quarter. The EBITDA margin stood at 46%. Customer income edged 3% higher quarter-on-quarter…
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Albuquerque has more than two decades of industry experience, with a strong background in risk management. He most recently served as Head of Counterparty Risk and Portfolio Risk Analytics for Citigroup’s Markets and Banking businesses. In his new position, Albuquerque will be based in New York and report to Suzanne Sprague, CME Group’s Chief Operating…
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The company revealed in a Q2 trading update on Thursday that its platform attracted 32,000 new customers in the three-month period, ending the quarter with 593,000 platform customers, an increase of 18% over the past year. Customer growth was said to have been driven by both the advised and direct-to-consumer (D2C) channels. Advised customer numbers…
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The move will see Westfield become an equity-method affiliate of the Tokyo-listed financial services company. The strategic investment marks a key step in Monex’s long-term growth plan to strengthen its asset management platform and expand its presence in the US equity market. Founded in 1989, Westfield specialises in US growth equity strategies and currently manages…
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