FINRA Fines Vision Financial Markets $250,000
Vision Financial Markets LLC has agreed to pay a $250,000 fine as part of a settlement with the Financial Industry Regulatory Authority (FINRA). At certain times between April 2020 and November 2022, Vision failed to accurately calculate the client reserve requirement and the reserve requirement for proprietary broker-dealer (PAB) accounts. The company’s inaccurate calculations in […]
FX Week in Review: CFD Broker Owner Arrested, Record Q3 Volumes, Robinhood Expands Political/Sports Betting
Which CFDs broker saw its majority owner arrested? Where; And why? Which Top Online Brokers Reported Record Client Trading Volume for Q3 2025, in Trillions of Dollars? Edgewater UK CEO Emanuel Georgouras has just joined which CFD industry firm? In what new role? Who is the new CEO of CFI Bahrain? Some of the most […]
FINRA terminates Puente Servicios Financieros for failing to disclose required markup and markdown information
Puente Servicios Financieros LLC agreed to pay a $20,000 fine as part of a settlement with the Financial Industry Regulatory Authority (FINRA). Between August 2021 and May 2024, Puente failed to disclose required markup and markdown information for 1,379 retail client confirmations in violation of FINRA Rules 2232 and 2010. During this period, the firm […]
Lukas Gähwiler will retire from his role as Vice Chairman of the Board of Directors of UBS
Lukas Gähwiler will not stand for re-election to the Board of Directors of UBS Group AG at the Annual General Meeting (AGM) in April 2026. After a career spanning 45 years, he has decided to retire as Vice Chairman of the Board of Directors, ending his long career in banking. Lukas Gähwiler has served UBS […]
Centerbridge Partners Closes Acquisition of MeridianLink
Centerbridge Partners, LP, a global investment firm with deep financial services and technology investment experience, today announced the completion of its acquisition of MeridianLink, Inc., a leading provider of modern software platforms for financial institutions and consumer reference agencies. The transaction includes a minority investment from Silversmith Capital Partners for further growth and innovation. Upon […]
eToro enables traders to choose between regular and 24/5 trading
Online broker eToro has responded to traders’ comments about its 24/5 trading feature. The brokerage explains that while some of its clients loved trading around the clock, others preferred to stick to regular hours. Traders can now choose between regular and 24/5 trading as eToro introduces a new trade window toggle that allows traders to […]
MAS is consulting on measures to improve procedures for seeking investor redress
The Monetary Authority of Singapore (MAS) has published a consultation paper today looking for feedback on proposals to strengthen the ability of investors to seek civil compensation for losses suffered by market misconduct. MAS has learned that retail investors face frictions when starting civil action, such as difficulty organizing themselves and finding sufficient funds for […]
GCEX Dubai CEO Mehtap Önder Moves to Fasset Crypto Platform
FNG has learned that Mehtap Önder, head of digital prime broker GCEX’s Dubai office, has left the company to join financial super apps provider Fasset, as CEO. Mehtap Önder joined GCEX in 2022 as London/Copenhagen-based GCEX expanded into the MENA region with the opening of a new office in Dubai. Mehtap was previously one of […]
Taurex Prime’s Steve Whittet on Redefining Institutional Liquidity and Prime Brokerage Services
Exclusive FNG interview… We are pleased to speak today with Steve Whittet, Head of Institutional Sales at Taurex Prime about the launch of the business in a very competitive liquidity and prime brokerage environment. FNG: Hi Steve, and thanks for joining us today. Offer extensive experience in institutional sales in the FX and CFD industry. […]
Cboe Silexx Boosts Order Ticket, Option Chain
Cboe Silexx, a multi-asset order fulfillment management system (OEMS) aimed at the professional market, has announced the release of version 25.14, which includes a set of enhancements to the Order Ticket and Option Chain. Order ticket | Five column table layout row The Order Ticket now allows up to five columns and up to five […]