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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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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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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According to the brokerage, the account offers users a tax-efficient way to save and invest towards purchasing a first home. The FHSA, a government-registered plan, allows Canadians to contribute up to CAD 8,000 annually with a lifetime limit of CAD 40,000. Contributions are tax-deductible, and both capital gains and interest income grow tax-free. “Buying a…
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The transaction, approved by SK Growth shareholders on 30 March, sees SK Growth become a wholly owned subsidiary of Webull. As part of the SPAC deal, SK Growth’s ordinary shares and warrants were converted into those of Webull. Effective from 11 April, Webull’s ordinary shares, warrants, and incentive warrants began trading under the tickers “BULL”,…
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Announced on Wednesday, the collaboration is said to let Webull users in APAC invest in fractionalised US Treasuries and a broader selection of fixed income assets via GTN’s integrated single API framework. The firm explains that the technology enables access to market data, trading, and account management — all through Webull’s mobile trading platform. “…
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The deal, first announced in January, was finalised on 1 April 2025. Freetrade will continue to operate as a standalone brand, with co-founder and CEO Viktor Nebehaj and his leadership team remaining in place. Nebehaj said the acquisition would allow Freetrade to “fast-track the rollout of new products and features” while accelerating growth. Meanwhile, IG’s…
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The UK subsidiary of Australian retail CFD broker Axi revealed in its recently published annual financial statements that it also saw net profit rise 89.5% to $3.92 million, despite a decline in client money balances to $19.3 million from $21.3 million. Operating profit grew to $3.45 million, while the cost of sales nearly doubled to…
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The deal is expected to be immediately accretive, with OTC generating over $400 million in revenue in 2024, representing an acquisition multiple of less than 0.8 times revenue. "The completion of this acquisition marks a transformative step for BGC, that firmly establishes our company as the world's premier energy, commodities, and shipping broker," said Sean…
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