Wealth management platform Dolfin has been awarded a Category III licence, expanding its execution and post-trade services to include principal trading on the Malta Stock Exchange (MSE).
Legal & Regulation
The Securities and Exchange Commission (SEC) has instituted settled proceedings against two robo-advisers for making false statements about investment products and publishing misleading advertising.
The Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against Dro Kholamian of Barrington, Illinois, and his company, Blue Star Trading, LLC (Blue Star), an Illinois limited liability company with an office in Park Ridge, Illinois.
TISA, the investments and savings membership alliance, has achieved ISO accreditation for the open standards underpinning the downstream and upstream reporting of Costs & Charges and Target Market Data in its MiFID II solution.
PIMFA, a trade association for wealth managers and financial advisers, believes that information being provided to investors in accordance with the PRIIPs KID regime is doing them more harm than good and that the ESAs’ hastily-drafted proposals for amending KID performance scenarios are unlikely to improve the situation.
The Dutch Authority for Financial Markets (AFM) has granted S&P DJI Netherlands (S&P DJI BV) authorisation as a regulated Dutch benchmark administrator, under the EU benchmark regulation.
The SEC has issued and settled charges against professional boxer Floyd Mayweather Jr and music producer Khaled Khaled, known as DJ Khaled, for failing to disclose payments they received for promoting investments in Initial Coin Offerings (ICOs).
PIMFA, the trade association for investment managers and financial advisers, has called for an urgent review of the financial services compensation scheme (FSCS) following yet another announcement of an interim levy that the industry will be expected to pay.
BCS Global Markets obtains transaction banking license to develop integrated payment and investment model
The London-based business of BCS Global Markets (BCS GM) has obtained a transaction banking license to provide clients with an integrated investment banking and payment services solution.
Global institutional cryptocurrency brokerage BCB Group secures Swiss regulated financial intermediary licence
BCB Group has secured Swiss regulatory approval as a financial intermediary for its cryptocurrency prime brokerage service by VQF, an authorised SRO by the Swiss Financial Markets Supervisory Authority FINMA.