Binary options

ASIC Bans Binary Options Following New CFD Restrictions

ASIC has banned the offering of binary options to retail clients with effect from Monday 3 May 2021. The decision was announced days after the new CFD trading rules taking effect on May 29, 2021. ASIC…

ASIC

ASIC Charges CBA for Wrongfully Charged Fees, Again

The Australian Securities and Investment Commission is bringing the Commonwealth Bank of Australia (CBA) to Court, alleging the bank charged monthly access fees to customers when it was not entitled to do so. ASIC estimates…

Canada regulators announce crypto trading guidance

The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) have outlined securities law requirements that apply to crypto asset trading platforms (CTPs). Louis Morisset, CSA Chair and President and CEO…

BTON Financial Taps Ex-Bloomberg Trading Solutions CEO

BTON Financial has appointed electronic trading expert, Ray Tierney, as Non-Executive Director. Tierney will be responsible for shaping the direction of the independent, broker-neutral dealing desk technology firm that targets investment managers. The non-executive director…

SEC

SEC Stops ‘Pump and Dump’ Fraudster on Twitter

The Securities and Exchange Commission has announced Andrew L. Fassari, an Irvine, California-based trader, was charged with fraud and had his assets frozen. Fassari made false statements throughout December about defunct company ARCS as he…

ASIC

ASIC Bans Nizi Bhandari for Dishonest Conduct

The Australian Dealer Group (ADG) and his sole director, Nizi Bhandari, were banned from the Australian financial services industry by ASIC. The financial watchdog canceled the AFS license for acting dishonestly while assisting consumers to…

Bakkt

Bakkt Granted Crypto License in New York

The New York State Department of Financial Services (DFS) has approved the application of Bakkt Marketplace for virtual currency and money transmitter licenses. Linda A. Lacewell, Financial Services Superintendent of the NY DFS, said: "With new…

SEC

SEC Warns Over Celebrity Endorsements on SPACs

The SEC warned investors not to make investment decisions related to SPACs based solely on celebrity involvement. Movie stars and professional athletes are increasingly active in endorsing investment opportunities, leading to many scandals throughout the…

Crypto Platform Bybit Shuts Down in UK Amid…

Crypto derivatives trading platform Bybit will end its UK operation by March 31, 2021, the firm announced in its blog. The decision follows the UK ban on cryptocurrency derivatives and ETNs announced by the UK…