The violations are said to include failing to maintain the required net capital while conducting securities business. According to a Letter of Acceptance, Waiver, and Consent published by FINRA, the Colorado-based municipal bond dealer operated below its minimum capital requirements in March 2022, breaching the Securities Exchange Act and several FINRA rules. The regulator also…
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The initiative marks a significant expansion of Euronext’s clearing capabilities and is considered a key element of its Innovate for Growth 2027 plan. Announced on July 8, the company explained that the Repo Foundation aims to expand access to repo markets, improve collateral use, and challenge legacy clearing models. It builds on Euronext’s established presence…
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The fintech firm announced that seven financial institutions have already onboarded its service since its launch in late 2024, enabling real-time payments through connectivity with the European Central Bank’s Target Instant Payment Settlement (TIPS) system. “With instant payments now a regulatory necessity, financial institutions are actively looking for scalable and cost-efficient solutions that ensure seamless…
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In a statement released on July 7, the Australian Securities and Investments Commission (ASIC) said Mr King was “not a fit and proper person” to operate in the sector and was likely to breach financial services law again. ASIC said it found that Mr King concealed information from clients, submitted false documents, misused funds to…
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Kevin Fan will join as Managing Director and Head of FIC Product Development on August 12, 2025. Reporting to Head of Markets Gregory Yu, HKEX said Fan will lead the development of new fixed-income products and enhancements to support investors’ trading and risk management needs. HKEX Chief Executive Officer Bonnie Y Chan said: “He [Kevin…
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The fintech firm, which operates trading platforms across multiple asset classes, said EBITDA rose slightly to $185.1 million, maintaining a healthy 45% margin. Revenue in the second quarter alone was up 15% year on year to $209.3 million. Chief Executive David Zruia said, “Plus500 delivered further operational and financial progress in H1 2025,” adding that…
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The company said its entry into the market will enable global merchants to better serve Thai consumers. The move allows Worldpay to offer local currency settlements and access to popular alternative payment methods (APMs), including LINE Pay, TrueMoney, PromptPay, and online banking. The firm said Thai merchants will also benefit from the company’s suite of…
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The appointment is set to help strengthen the brokerage’s focus on innovation and global tech-driven growth. Gonov has over 15 years of experience in fintech and financial services, most recently serving as Head of Technology at FxPro. In that role, he led multinational teams and aligned the firm’s tech strategy with its broader business goals. …
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The move is expected to bolster the company’s efficiency and transparency of European fund distribution. The deal will see Broadridge expand its capabilities across Europe, integrating Acolin’s compliance and fund launch support services with its own suite of distribution data, regulatory communication, and analytics offerings. “Acolin’s fund distribution technology and compliance capabilities complement Broadridge’s distribution…
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The service is said to be aimed at streamlining communication across Hong Kong’s fund distribution network and enhancing operational efficiency in the city’s fund management industry. HKEX explained that the new service builds on the success of its existing Fund Repository and enables seamless order placement for fund subscriptions and redemptions. It is designed to…
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