These 22 securities were being promoted on social media with the only purpose of inflating the price. The typical pump and dump scheme now being perpetrated on social media on a mass scale.
Yesterday we saw further volatile trading in GameStop shares. Whether this is the start of another rally or just day traders ‘shaking the tree’, time will tell. But what is clear is that this new trading type won’t just go away.
OFAC determined that BitPay failed to exercise due caution and did not voluntarily disclose the 2,102 sanctions violations. BitPay agreed to pay $507,375 to settle with the Treasury Department.
Aghaz is targeting U.S.-based Muslim consumers, but will soon offer custom-values products for anyone wishing to invest based on their personal values like climate change or equal rights.
In 2020, investment into UK fintech stood at $4.1 billion in 2020, which is more than the next 4 European countries combined.
“It’s most egregious in the momentum trading by novice investors lured in by new types of brokerage operation like Robinhood and I think all of this activity is regrettable.”
This topic gained wide exposure in the aftermath of the ‘meme stocks’ trading frenzy initiated by the r/WallStreetsBets subreddit which successfully gathered an army of retail investors to create a short squeeze in the GameStop (GME) stock.
“Our network of corporate bond and emerging market traders is one of the largest in the US, and through Matchbook Rebalance we’re able to offer a high-quality risk mitigation solution.”
The platform addresses common challenges faced by companies and investors such as lack of comparability, changing investors’ demand, as well as the evolving business landscape and regulations.
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Yesterday we saw further volatile trading in GameStop shares. Whether this is the start of another rally or just day traders ‘shaking the tree’, time will tell. But what is clear is that this new trading type won’t just go away.
Dedicated regtech companies and a stringent effort by FX brokerages to maintain compliance procedure over recent years has once again shown our industry to be right at the top. Especially when considering the blotted copybook of the banks.
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The application is multi-asset class and integrates seamlessly with StoneX systems both upstream and downstream using the Genesis Low-Code Application Platform industry adaptors and APIs.
Karim Aly Awad Saleh Salama has resigned as a Director with immediate effect.
The new solution enables reduced computing time and customised MiFID II-compliant reporting.
The order concerns supervision violations related to Gain’s handling of customer accounts introduced by an independent introducing broker that was subject to a prior CFTC enforcement action for fraud and other violations.
An online publisher would have to ensure that any financial promotion which they communicate has first been approved by an authorised person.
The ICF decision follows CySEC’s withdrawal of the Cyprus Investment Firm authorisation of the two companies.
A 2017 research study pointed to insider trading as a pervasive practice among the most successful investors in China. Only time will tell if the new rules will make a dent in their gains.
“We are excited to partner with Finstek to provide the latest piece of technology within the aggregation and bridging space and bundle it with our bespoke liquidity resulting in the most cost-efficient solution to date for MT4 and MT5 brokers” says Paul Groves of CFH
Do we want the beige cardigan or the urbane hi-tech leader? Britain’s government throws down the gauntlet
