Interactive Broker Cites ‘Administrative Challenges’ to Delay Prediction Exchange Launch
The launch of ForecastEx, a prediction exchange specializing in economic and climate events, has been postponed until later in the summer due to administrative issues, according to Steve Sanders, EVP…
Interactive Brokers Cites ‘Administrative Challenges’ to Delay Prediction Exchange Launch
The launch of ForecastEx, a prediction exchange specializing in economic and climate events, has been postponed until later in the summer due to administrative issues, according to Steve Sanders, EVP…
Canadian Securities Regulator Uncovers Social Media Investment Scams
The Canadian Securities Administrators (CSA) has issued a warning about fraudulent “investment groups” proliferating on social media. These groups use platforms like Facebook and Instagram to lure unsuspecting investors with…
Financial Commission Membership Expands Vantage Trading’s Service Portfolio
The Financial Commission announced today that Vantage Trading has been approved as its newest Member. Vantage Trading, an online brokerage, joins the self-regulatory forum, reflecting growing interest in external dispute…
Finseta Sees 42% Revenue Jump as Forex Platform Gains Traction
Finseta plc (AIM: FIN), a foreign exchange and payments solutions provider, announced financial results for the first half of 2024, with revenue soaring approximately 42% to £5.1 million compared to…
Another Regulator Warns against Prop Firms, Calls Them Trading “Video Games”
Italy’s securities regulator, Consob, has issued a warning to investors about the risks associated with retail prop trading activities. It describes them as online trading simulations that promise profits but…
LCG’s Bahamas Entity Ceased Operations Citing FlowBank’s Bankruptcy
The Bahamas-registered entity of London Capital Group Ltd (LCG), a retail forex and contracts for differences (CFDs) broker, has ceased its operations and announced publicly that it has been impossible…
$40B Valuation Lures Revolut CEO to Sell Up to “Hundreds of Millions of Dollars” in Stake
Nik Storonsky, the founder and CEO of Revolut, is planning to sell “tens or even hundreds of millions of dollars” of his stake in the fintech in the upcoming secondary…
New York’s Bold Step Towards Regulating the BNPL Industry
New York’s initiative to regulate the Buy Now, Pay Later (BNPL) industry signifies a critical shift in the relationship between technology, finance, and consumer protection. Governor Kathy Hochul’s proposal, which…
Are Digital IDs the Solution to Payment Fraud?
Digital IDs leverage advanced technologies, such as encryption and biometrics, to provide secure and convenient methods of identity verification. For financial institutions, this means a significant leap forward in combating…
