SEC Fines Webull, Two Brokers-Dealers for Compliance Failures
US-based electronic trading platform Webull is among three companies that settled with the US securities regulator regarding suspicious activity reports that did not include important and required information. Webull Financial,…
SEC Fines Webull, Two Broker-Dealers for Compliance Failures
US-based electronic trading platform Webull is among three companies that settled with the US securities regulator regarding suspicious activity reports that did not include important and required information. Webull Financial,…
Exclusive: Prop Firm My Forex Funds and the CFTC Are Probably Negotiating a Settlement
There is a high probability that a settlement deal is being negotiated between the proprietary trading firm My Forex Funds and regulators in the US and Canada, Finance Magnates has…
Saxo and novobanco Collaborate to Drive Digital Investment Access in Portugal
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner! An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over…
Best Brokers in Thailand in 2024
Retail trading has proliferated in popularity across Thailand in 2024 as many new and established investors look to diversify their portfolios. Asset classes such as Forex, commodities, CFDs, and others…
CMC Markets Wrote Off £2.8M Investment in Blockchain Firm Strike X
CMC Markets (LON: CMCX), known for its CFD offerings, has written off its £2.8 million investment in Strike X, a customer-centric blockchain solutions business it acquired in June 2023. CMC’s…
US Consumer Watchdog Tightens Oversight on Nonbank Payment Services
The US consumer protection watchdog in the financial sector has tightened its oversight on nonbank firms offering digital payment services. Consumer Financial Protection Bureau (CFPB) has finalized a rule targeting…
PayPal Restores Services After Two-Hour Global Outage Disrupting Crypto and Venmo
Payments firm PayPal (PYPL.O) announced it had resolved a global outage that disrupted services for nearly two hours today (Thursday). The issue began at 1053 GMT. It affected multiple PayPal…
17% of US Investors Trust AI, 53% Trust Financial Institutions in UK: eToro and Nasdaq
New research from eToro, conducted in partnership with Nasdaq, has revealed notable differences between US and UK retail investors regarding their motivations, openness, and investment habits. The study, which surveyed…
Identity Fraud in the Age of AI: Account Takeover Scams Soar 250%
Identity fraud is no longer a localized nuisance but has become a global epidemic due to accessible AI tools and sophisticated fraud networks. This has enabled even amateur criminals to…
