Broker News | US Court Orders Pool Operator to Pay over $24M for FX Fraud

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Broker News | US Court Orders Pool Operator to Pay over $24M for FX Fraud

#Industry
01 US Court Orders Pool Operator to Pay over $24M for FX Fraud

Kay Yang and her companies illegally solicited at least $15.7M from investors.
CFTC continues to crackdown on fraudulent FX schemes.

02 ASIC Cancels License; BaFin Probes Illegal Trading Brands
Bitpanda introduces a new product; TradingView teams up with StakingRewards.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.

03 Interactive Brokers Expands Offering with New Markets and Fractional Shares in Europe
IBKR added shares from Nasdaq Copenhagen and Prague Stock Exchange.
The broker continues to broaden its offerings, further facilitating diverse investment

04 Time and Diversification Boost Retail Traders Profits by 60%, Reveals Capital.com Study
Capital.com stated that trading various asset classes for extended durations may yield more profits.
First-time traders profit better with commodities, FX, and indices than equities.

 

#Broker

01 One Million and Counting: Saxo Bank’s Client Base Hits Record High

Saxo Bank surpassed the one million clients mark.
The milestone was achieved despite geopolitical uncertainties.

02 ACY Securities Bolsters Global Market Access with Currencycloud Collaboration
The partnership enables traders to deposit funds across 180 countries.
Company representatives expressed enthusiasm regarding the new cooperation.

03 FXCubic Completes Integration with Match-Trader
The users of the trading platform can now access FXCubic's solutions.
FXCubic offers real-time pricing, deep liquidity, and risk management solutions.

04 SVG Brokers Seek New Home in Other Jurisdictions after Regulator's Deadline
FSA introduced the policy in the wake of rising fraud claims against FX trading firms.
However, some see the rule as a 'checkbox exercise'.

 

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