The Securities and Exchange Commission charged two traders in a wash trading scheme that resulted in more than $700,000 in illicit profits.
Search Query: #meme
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.
The warning comes nearly one month after the ‘meme stock’ trading frenzy jumpstarted by the r/WallStreetBets subreddit. The exchange operator based in the United Kingdom is addressing the issue ahead of what might happen in the future as ‘meme stock’ trading grows in adoption.
SBL credit has experienced growing demand as borrowers look to access liquidity in their portfolios and lenders encounter a low-cost, low-risk credit offering.
Now that Reddit has taken over the social trading space and the whole world witnessed the power of an army of retail traders against whales in the industry, everyone wants in on the action.
“Organizing or executing coordinated strategies to trade or place orders at certain conditions and times to move a share’s price could constitute market manipulation.”
According to the regulator, there have been no signs that social media discussions led to any significant increase in the trading of securities listed in Singapore.
FINRA has taken a very dim view of social media activity surrounding the GameStop issue. The regulator’s initial stance will be to investigate whether there were any misstatements made on a scale that would have impacted the market
The multiasset trading platform is taking the steps to stay ahead of the competition in Australia, especially in these times of extreme volatility. Choosing the right trade clearing partner is now key to a sustainable business.
The German regulator will require brokers to remedy their deficiencies and pledged to file criminal complaints in cases of market manipulation.
Charlie Rozes may be buying IG stock in a move to signal confidence in the retail broker as other top executives did before him. Only the future will tell if those £30,980 were well invested.
After months of speculation, a highly anticipated report issued last week by the top US regulator debunked most of the conspiracy theories that have swirled around the meme stocks’ frenzied trading early this year.
FinanceFeeds Editor in Chief, Nikolai Isayev had the chance to set up an interview with Ilya Sorokin, Founder and CEO of ActTrader Technologies, at the iFX Expo 2021 in Limassol, Cyprus. What follows is a summary of our conversation.
How can brokers and regulators prepare for changes caused by democratization of trading?
Even those wary of the development of cryptocurrencies will most probably recognize how fascinating the underlying blockchain technology is. One use of this technology, decentralized finance or DeFi, is at the cusp of significant expansion. Regulators are conscious of this rise and are acting accordingly.
Cryptocurrency trading is offered by Apex Crypto LLC, which handles execution and custody services through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC.
Commonstock, a social trading platform, has raised $25 million in its Series A funding round that included investors like QED, Floodgate, Upside Ventures and others as well.
BitConnect became widely known as an internet meme after its first annual ceremony in Thailand. During the event, New York-based investor Carlos Matos screamed repeatedly “BITCONNET!!!”
The firm was founded in 2015 and is now servicing over 10,000 merchants across a wide range of industries including retail, telecom, tourism and hospitality, food and beverage (F&B), education and e-commerce.