Week in Focus: IG Acquires Freetrade, eToro Eyes Nasdaq Listing, and More
IG Acquired Freetrade for £160 Million Topping our weekly news roundup, IG Group acquired Freetrade, a commission-free investment platform, for £160 million in an effort to expand its services in…
SEC Fines Vanguard $106 Million Over “Investor TRFs Tax Consequences”
The Securities and Exchange Commission (SEC ) today (Friday) announced that The Vanguard Group, Inc. will pay $106.41 million to resolve charges related to misleading statements about capital gains distributions…
SEC Fines Vanguard $106 Million Over “Investor TRFs Tax Consequences”
The Securities and Exchange Commission (SEC) today (Friday) announced that The Vanguard Group, Inc. will pay $106.41 million to resolve charges related to misleading statements about capital gains distributions and…
CFPB Orders Block to Pay $255 Million for “Compliance and Fraud Failures”
Block, the parent company of Cash App, has agreed to pay an $80 million fine as part of a settlement with 48 state financial regulators over violations of the Bank…
CFPB Orders Block to Pay $255 Million for “Compliance and Fraud Failures”
Executive Interview with Andrian Coxon, CMO at Exante during FMLS:24 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights,…
IG Deal Cuts Freetrade’s Valuation By Over a Quarter: Shareholders Backlash
Following the acquisition by IG Group, Freetrade is facing backlash from its early investors as the £160 million cash deal was more than a quarter lower than its previous fundraising…
Swissquote Sees “Better than Anticipated” 2024 Financials Due to Crypto Demand
Swissquote, a leading online trading platform, has reported its 2024 revenue to be approximately CHF 655 million, with pre-tax profit expected to exceed CHF 345 million. The company highlighted that…
Australian BNPL Providers Must Obtain Credit Licence
The Australian Securities & Investments Commission (ASIC) has mandated that Buy Now, Pay Later (BNPL) platforms obtain credit licences. Effective 10 June 2025, the credit licence must authorise BNPL providers…
1,200 Alleged Victims Ask Forex Platform Cinkciarz.pl: Where Is Our Money?
One of Central Europe’s largest currency exchange platforms, Cinkciarz.pl, recently accused nearly all major Polish banks of “conspiracy” and threatened lawsuits totaling 6.76 billion zlotys ($1.6 billion). However, the fintech…
eToro Files for Nasdaq Listing with $5B Valuation IPO: Report
After years of ups and downs, eToro has confidentially filed for an initial public offering (IPO) with the U.S., targeting a valuation of over $5 billion, the Financial Times reported.…
