SEC 4-927: when should a tokenised stock venue check who can trade?
Letters on SEC File 4-927 ask that tokenised stock venues check wallet eligibility at the trade, not only at onboarding, and keep a signed record of each check.
The Industry Spread
CDK Besu is live on Ethereum mainnet for private chains
Polygon says CDK Besu is live on Ethereum mainnet. Private Besu chains can move assets through Agglayer while transaction data stays inside the institution.
WIG20
4,199.79by November 4, 2026
Wrong above4,267.00
Spot at filing4,267.00
WIG20 slips to 4,199.79 by the November 4 decision
USD/EGP
54.3286by October 27, 2026
Wrong above54.6086
Spot at filing54.4686
USD/EGP to 54.3286 by 27 October: the buy-rate case
EUR/ZAR
18.2290by November 19, 2026
Wrong above18.6489
Spot at filing18.4303
EUR/ZAR to 18.2290 by November 19: the gap still holds
FCOJ
142.00 centsby October 23, 2026
Wrong above158.00 cents
Spot at filing147.75 cents
FCOJ to 142.00 cents by the October 23 stocks print
Levels as stated when filed. Not live prices. Analysis, not investment advice.
CJA 1993 and UK MAR still split the insider-dealing case
October 13, 2026 arrests do not decide guilt. UK insider dealing still splits between section 52 of the Criminal Justice Act 1993 and Article 14 of UK MAR.
ASIC tests a 10-year CFD product intervention order extension
ASIC's CS 64 asks whether the CFD product intervention order should run until 2037. Comments close at 5 pm AEDT on November 9, 2026, after a four-week window.
FSB letter puts Cross-border Vulnerabilities before the G20
Andrew Bailey's October 8, 2026 FSB letter, published October 12, centres Cross-border Vulnerabilities in global stablecoins for the G20 meeting on October 15.
FirmWhat we foundFiled
IQ Capital90 per cent, 80/20, or 100 per cent20 OctMyForexFundsMyForexFunds sets 23 November, with no rulebook yet19 OctPivexTwo legal names, and no split in the terms18 OctTraderscale24-hour claim, two-day review clock17 OctMixFundedSales cards and the rulebook clash16 OctCK Prop80% split, a 3% cap and the buffer15 OctCarrot Funding80% split, contract says simulated14 OctFundedRight80% reward and a Vanuatu operator13 OctInsaneFundingAn 80% split that starts at 50/5012 OctVest CapitalProp terms call accounts simulated11 OctWenCrypto80% split, first payout capped at 6%9 OctWhat is a funded accountWhat is a funded account: simulated capital, not yours8 Oct
About these reviews. The Industry Spread reviews prop firms independently. Firms do not pay for reviews and cannot see them before publication. The Industry Spread has no affiliate or referral relationship with the firms covered.
Reviews by Abdelaziz Fathi
Solana Funded review: 90% on the page, 80% in the docs
Solana Funded suits meme-coin traders who can accept a simulated book, a 30% consistency check before any withdrawal, and a rulebook that times the first payout at 21 days. It does not suit anyone who treats the homepage lines of a 90% split and withdrawals on demand as the contract. The biggest caveat is the payout record: on 21 October 2026 the site's own module showed $0 paid out on-chain, and the firm publishes no audited total.
CDK Besu is live on Ethereum mainnet for private chains
Polygon says CDK Besu is live on Ethereum mainnet.
VT Markets takes best gold trading platform at FinanceFeeds Awards
VT Markets has won Best Gold Trading Platform at the FinanceFeeds Awards 2026, capping a January in which it reported $1.5 trillion in gold turnover.
Axcera Takes Three FinanceFeeds Awards for Prop Tech
Axcera has won three FinanceFeeds Awards 2026 across prop trading technology, infrastructure and multi-asset solutions.
The Broker Back Office Becomes One Data Layer
The constraint on most brokerages is not strategy but infrastructure that cannot pass data between functions.
Karthik Subramanian
Karthik Subramanian is a founder, writer, and technology consultant with nine years in the crypto ecosystem.
Rick Steves
Rick Steves has seen business and economics through many lenses.
Abdelaziz Fathi
Abdelaziz Fathi covers the intersection of forex/CFD brokerage, regulation, liquidity, fintech, and digital assets.
Also filed
From the archive
Filed around 23 October in 2025, 2023, 2022 and 20212025
2023
