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Retail FX

SEC Fines 16 Broker-Dealers and Investment Advisers over Off-Channel Communication Lapses

  • Off-channel communications, including personal text messages, were not preserved as required.
  • Each firm admitted wrongdoing and agreed to pay substantial fines.
Friday, 09/02/2024 | 16:03 GMT by Jared Kirui
CryptoCurrency

FINRA: 70% of Crypto Asset Communications Flout Regulations

  • Discrepancies include failure to differentiate between affiliate-offered and direct-firm crypto assets.
  • Over 500 crypto asset-related communications were scrutinized by the regulator.
Tuesday, 23/01/2024 | 18:10 GMT by Jared Kirui
Institutional FX

SEC's $79 Million Crackdown: 10 Firms Hit with Recordkeeping Failures

  • The SEC charged the financial firms for alleged electronic communication failures.
  • The regulator discovered widespread off-channel communications within the companies.
Friday, 29/09/2023 | 20:52 GMT by Jared Kirui
Institutional FX

SEC Demands Stronger Anti-money Laundering Policies from Brokerage Firms

  • The regulator identified gaps in broker-dealers' AML programs.
  • The SEC said some brokerage companies commit inadequate resources to AML.
Thursday, 03/08/2023 | 08:10 GMT by Jared Kirui
Retail FX

SEC Seeks Changes to Protect Customers against Broker-Dealers’ Failure

  • The regulator wants broker-dealers to calculate their net cash daily rather than weekly.
  • In recent months, the SEC introduced other changes to the securities trading industry.
Wednesday, 12/07/2023 | 22:57 GMT by Solomon Oladipupo
Institutional FX

Nasdaq Upgrades Risk Platform as Demand from Banks, Broker-Dealers Jump

  • The upgrade comes with several features including live view of risk across portfolios.
  • Users of the Nasdaq Risk Platform jumped by 50% in one year.
Wednesday, 12/04/2023 | 13:29 GMT by Solomon Oladipupo
Institutional FX

US Wants Financial Services to Get Rid of Paper

  • The SEC says electronic submission was "generally well received" during COVID-19 period.
  • The regulator is accepting public feedback on proposed amendments until May 22.
Wednesday, 22/03/2023 | 18:36 GMT by Solomon Oladipupo
Institutional FX

US Regulator Adopts Rules to Enforce Single-Day Securities Settlement

  • The SEC sets May 28, 2024, as the compliance date.
  • The securities regulator started enforcing the current T+2 cycle in 2017.
Wednesday, 15/02/2023 | 20:50 GMT by Solomon Oladipupo
Retail FX

TRADE.com Owner Gets FINRA License, Expands to US Market

  • FINRA granted TRADE.com a broker-dealer license.
  • The broker is regulated in five different jurisdictions.
Wednesday, 07/12/2022 | 12:07 GMT by Damian Chmiel
Executives

Orion Szathmary Emerges as the CEO of TradeZero Canada Securities

  • Szathmary was previously the VP at RBC Direct Investing in Canada.
  • TradeZero was accepted as a member of IIROC nine months ago.
Monday, 14/11/2022 | 16:18 GMT by Solomon Oladipupo
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