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FCA Slaps £276K Fine on FXTB for Unauthorised Investment Advice
- Customers were pressured into CFD trading and encouraged to borrow from friends and family, FCA claims.
- The initial fine of £1.21 million was reduced due to FXTB's demonstration of serious financial hardship.
Wednesday, 14/08/2024 | 09:56 GMT by
Tareq Sikder
Scope Markets Taps Doo Group Veteran as Global Head Business Development
- Fraser Nelson held various positions at Doo Group, including serving as Head of Institutional Clients.
- The appointment follows Scope Markets' recent rebrand to enhance global market accessibility.
Wednesday, 14/08/2024 | 08:24 GMT by
Tareq Sikder
Axi and Girona FC Extend Their Winning Streak with New Two-Season Deal
- The Penalty Challenge featured Girona players showing off their football and trading skills.
- The firm also partners with Manchester City FC, Manchester City Women, and Esporte Clube Bahia.
Monday, 12/08/2024 | 12:06 GMT by
Tareq Sikder
Fund Managers Extend Hedging and Automation amid FX Volatility: 65% Increase Tenors
- A stronger dollar has negatively affected returns and increased operational costs for 83% of fund managers
- 79% of fund managers are now hedging forecastable currency risk, with average hedge ratios and tenors increasing.
Thursday, 08/08/2024 | 12:49 GMT by
Tareq Sikder
ASIC and Vietnam’s SSC Formalize Regulatory Partnership with New MoU
- The MoU is part of a capacity-building program funded by DFAT through the Mekong Australia Partnership.
- It aims to enhance technical cooperation, information sharing, and market transparency.
Monday, 05/08/2024 | 08:14 GMT by
Tareq Sikder
CySEC Unveils Regulatory Sandbox, Invites FinTech and RegTech Applications
- The Sandbox is open for applications and aims to advance financial, regulatory, and supervisory technologies.
- Over 500 stakeholders, including regulatory bodies and financial institutions, attended the online launch event.
Friday, 12/07/2024 | 14:36 GMT by
Tareq Sikder
Trent Hoerr Steps Up as CEO of BullRush Following Stint at FPFX
- Before FPFX, Hoerr led sales at Forest Park FX, focusing on customized financial solutions.
- Earlier, as Global Head of Operations at Direct FX Trading, he contributed to operational efficiency in Chicago.
Thursday, 11/07/2024 | 15:17 GMT by
Tareq Sikder
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