Industry Intelligence
Live coverage of Forex, CFD, and Fintech B2B — auto-curated from 100+ sources, refreshed every 2 hours.
Checkout.com has obtained a banking charter in Georgia. This move allows the company to expand its financial services offerings. The new charter likely enables Checkout.com to operate more directly within the banking system.
Checkout.com has received approval for a Georgia limited bank charter. This regulatory approval will allow the payment provider to expand its services within the United States. This move signifies a strategic step for Checkout.com in the American financial market.
The SEC has issued a warning to the public regarding investments with Exness Global and HF Markets. This action is taken to protect investors from potential risks associated with these entities. The warning suggests that these firms may be operating without proper authorization or oversight.
A group endorsed by Manny Pacquiao has been ordered to cease its operations. The article suggests that the group was involved in a questionable scheme. Further details about the nature of the scheme are not provided.
The Cyprus Securities and Exchange Commission (CySEC) has issued a warning about 21 fraudulent websites. These websites include clones of well-known brokers AvaTrade and OneRoyal, impersonating legitimate financial entities. The regulatory body advises caution to protect against potential scams and illicit activities.
Indian authorities have frozen $271 million in cryptocurrency as part of a major crackdown on alleged forex fraud involving OctaFX. This action targets the financial operations of the brokerage firm within India. The move highlights increasing regulatory scrutiny on forex and crypto platforms in the region.
India's Enforcement Directorate has seized cryptocurrency worth ₹2,385 crore in connection with an alleged forex scam involving OctaFX. This action indicates a significant legal and regulatory crackdown on unregulated forex and crypto operations in the country. The seizure highlights the growing scrutiny faced by platforms operating in the Indian financial market without proper authorization.
Indian police have seized $271 million in cryptocurrency allegedly linked to OctaFX as part of a 'forex fraud' investigation. This action indicates a significant regulatory and legal challenge for OctaFX in the Indian market. The probe highlights increasing scrutiny of forex and crypto-related operations by Indian authorities.
Neteller's parent company has received approval to operate as a payment processor in New Jersey. This regulatory approval allows them to expand their services within the state. The development signifies a positive step for the company in terms of market reach and compliance.
FINRA provides guidance on Rule 3220, which limits gifts of value to employees of institutional customers to $100 per year. The guidance clarifies the rule's application to donations made to employees affected by federally declared major disasters. This helps members understand compliance requirements for charitable contributions.
The Financial Industry Regulatory Authority (FINRA) has published a detailed FAQ on the Supplemental Statement of Income (SSOI). This document provides guidance on various revenue and expense sections for brokers. The FAQ helps clarify common questions related to reporting requirements.
FINRA has published a set of frequently asked questions (FAQs) for Rule 2111 (Suitability), providing guidance on its implications. This document consolidates past questions and answers from various regulatory notices. The rule mandates that broker-dealers ensure recommended transactions or investment strategies are suitable for customers based on their investment profile.
