OANDA, New York based forex trading serving provider recently revealed in an announcement that it has made a new addition to its APAC region senior level leadership team. As per statement released by the firm…
SEC pay-to-play rescission would end rule 206(4)-5 timeout
The Securities and Exchange Commission (SEC) has proposed rescinding Advisers Act rule 206(4)-5 in its entirety, removing the two-year compensation timeout that has governed political contributions by investment advisers to US public pension money since…
Rule 611 bound the venues, best execution binds…
FINRA has opened a consultation on the guidance beneath Rule 5310 because the SEC intends to delete Rule 611 of Regulation NMS — but the two rules do not bind the same firms, and FINRA…
Avatar Securities review: the $70,000 censure over risk…
Verdict. Avatar suits the licensed, experienced US equities trader who wants a registered seat, real firm capital and a Schedule K-1 — not a retail trader shopping for an evaluation. There is no challenge to…
T3 Trading Group review: two pages disagree on…
Verdict. T3 Trading Group is an SEC-registered broker-dealer running a licensed US equities desk, not a $99 challenge product: audited net capital of $27.19m at 31 December 2025, filed with the SEC on 31 March…
Chimera Securities review: a $36,000 salary, not a…
Verdict. Chimera Securities is not a challenge shop. It is a FINRA-member broker-dealer at 27 Union Square West that puts entry-level traders on a payroll — an advertised base of $36,000 plus a monthly bonus…
Bright Trading review: the SIPC exclusion it puts…
Verdict. Bright Trading is a FINRA-member broker-dealer, not a challenge shop. You sit the SIE and the Series 57, join a Nevada LLC as a Class B member and post your own deposit. It suits…
Great Point Capital review: whose money is in…
Verdict. Great Point Capital is the rarest thing in this category: a genuine SEC-registered broker-dealer, FINRA-approved since 2001, filing audited financials and holding $85.2m of net capital against a $126,600 requirement. It suits an experienced…
FinCEN’s $125m UBS order makes FX wire data…
The Financial Crimes Enforcement Network (FinCEN) assessed a $125 million civil money penalty against UBS Financial Services Inc. (UBSFS) on August 3, 2026 for willful Bank Secrecy Act (BSA) violations, and the remedy attached to…