Sweden’s financial supervisory authority FI today announced an investigation into Klarna Bank AB. FI will investigate whether Klarna has violated bank secrecy rules in connection…
CFTC stands by entry of default against FX Ponzi scheme 1st Million
A couple of months after the United States Commodity Futures Trading Commission (CFTC) managed to secure entries of default against Forex Ponzi scheme 1st Million…
Saxo Bank launches 3D printing theme basket
Multi-asset investment company Saxo Bank continues to grow its lineup of equity theme baskets. The latest addition is Saxo’s basket on 3D printing companies. This…
BUX hires Salim Sebbata as CEO of UK Operations
Amsterdam based BUX, one of the fastest growing neo-brokers in Europe, has announced the appointment of Salim Sebbata as the new Chief Executive Officer (CEO)…
FX week in review: CEO moves at Admirals and Equiti, MillTechFX launches, institutional crypto
What longtime co-CEO left Admirals? What internal management shuffle led to new CEOs for Equiti Capital and Equiti Seychelles? Which leading London VC figure is…
Founders of crypto firm Dropil agree to plead guilty to fraud
Jeremy David McAlpine, 25, of Fountain Valley, and Zachary Michael Matar, 28, of Huntington Beach, founders of cryptocurrency firm Dropil, were charged on Friday with…
Playtech gets competing $250 million offer for Finalto/Markets.com
This is now getting interesting. A firm calling itself Gopher Investments has made a $250 million competing offer to buy the Financials division of Playtech…
Russian authorities find law violations in eToro ad on Google
Russia’s Federal Antimonopoly Service (FAS) has detected several violations of the Russian advertising laws in an eToro ad disseminated via Google AdWords. The FAS investigation…
Investments account for 6% of complaints received by AFCA in 2020-21
Australians in dispute with banks, insurers, super funds, investment firms and financial advisers lodged more than 70,000 complaints with the Australian Financial Complaints Authority (AFCA)…
Institutional FX trading ends strong 1H-2021 up 3% in June
Trading volumes at leading institutional eFX venues finished off the first half of 2021 with a bang in June, continuing a fairly strong trend in…