Ice Futures US Fines HedgePoint Schweiz
Ice Futures US has published a Disciplinary Action Notice against HedgePoint Schweiz AG. On July 16, 2025, a subcommittee of the Exchange Business Behavior Committee (BCC) found that in one day in January 2024, hedgepoint Schweiz AG may have violated the exchanging rules 4.06 (b) (i) and (ii), performing multiple non -bona fide exchanges for […]
Interactive brokers fail to secure a protective order for Thomas Peterffy in the Mechanical Coalition
Judge Alvin W. Thompson of the District Court of Connecticut has submitted a proposal for protective order by interactive brokers. The proposal sought to prevent the deposition of Thomas Peterffy, the Chairman of the Board of Directors and the former CEO of Interactive Brokers Group, Inc. (“IBKR”). Let us remind you that, in this lawsuit, […]
The sec goes after Hereeford Holdings head
The Securities and Exchange Commission (SEC) has launched a lawsuit against Joseph J. D’Ambrosio in the southern provincial court of New York. According to SEC’s complaint, for many years, D’Ambrosio orchestrates an investment fraud through Hereeford Holdings, LLC, an entity he founded to invest funds on behalf of family and friends, but who used to […]
Business restrictions imposed by FCA require ARGENTEX LLP to stop all regulated activities
Argetex Group Plc announced today that their main subsidiary, Argetex LLP, has agreed on a voluntary claim (“Vreq”) imposed by the United Kingdom’s Financial Behavior Authority (FCA). Vreq introduces a business restriction that requires Argetex LLP to stop any regulated activity, not register and board new customers and not open new currency transactions. These restrictions […]
IG Japan to extend trading hours for 40 US stocks, ETFS and CFD
IG Securities, the Japanese subsidiary of Electronic Trading Major IG Group, will expand trading hours for 40 US stocks, ETFS and CFD. The change will be effective from Monday, July 21, 2025. The negotiation will be available from 5:00 pm Japan at 9:00 am The next day (6:00 am Customers who hold or think of […]
Marex Financial Products Issues Structured ‘Cash and Transfer’ Note
Marex announced today that Business Manex Financial Products’ structured products issued the first structured “Cash and Transport” note connected to the cobalt. This innovative “Cash and Transport” product was executed thanks to Marex’s ability to access a natural cobalt on the spot market, hold it and sell the future cobalt contracts at the Chicago Mercantile […]
AI in Financial Services: Continuing accountability requires a clear strategy
The following is a version of Eric Odotei guests, head of the Group’s regulatory report in Finalto. AI is not coming. It’s already here. It reforms the way we live, work and make decisions. From business activities to digital commitment, AI has become a key element of the modern economy. It is not a past […]
HANTECH AUSTRALIA EXEC DAMON SZE leaves to run offshore CFDS Broker TopwealthTrading
FNG has learned that Hantec Markets executive Damon Sze has left the company to become a CEO at a new CFDS brokerage company called TopwealthTrading. Damon Sze has been with Hantec markets since 2018, initially participating as a Hong Kong Business Development Manager. In 2023 he relocated to Australia and became director of marketing at […]
Exclusive: BP Prime sees 78% drop in FY2025 revenue in 3.5 million £ as basic customers leave
Exclusive FNG… After a stellar 2024 that saw a redefinition of professional customers, the FCA Redgaled Black Pearl Securities Limited, which takes advantage of the BP Prime Online Trading brand, has seen a great fate of Fy2025. FNG has learned through regulatory deposits that BP Prime has dropped 78% on revenue in 2025 (year end […]
Italy’s Italian orders are blocking individual wallets and Finbridge International
The Committee of Companies and Exchanging Italy (CONSOB) ordered the blockage of access to five new websites through which financial services are being abused. Specifically, Consob ordered the interruption of the two abusive websites of financial mediation and three websites through which monetary encryption services are provided without the necessary authorization. The entities targeted by […]