Category: Financial Services

FINRA building
April 03, 2025 BY Sam Boughedda

Revere Securities Fined $125,000 by FINRA

According to FINRA, between April 2013 and February 2023, Revere mismarked approximately 19,000 order tickets related to syndicate offerings, including initial public offerings (IPOs), bonds, and real estate investment trusts (REITs).  The firm reportedly classified these transactions as unsolicited, despite its registered representatives having solicited most of the trades. The misclassification led to inaccurate books…

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CME Group
April 03, 2025 BY Sam Boughedda

CME Group to Launch Spot-Quoted Futures

The new contracts will allow traders to take long-term futures positions at spot-market prices without the need for frequent rolling, with holdings available for up to five years.  Futures will be offered for bitcoin, ether, and four major U.S. equity indices: the S&P 500, Nasdaq-100, Russell 2000, and Dow Jones Industrial Average. “Market participants will…

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Freetrade
April 02, 2025 BY Sam Boughedda

IG Group Completes Freetrade Acquisition

The deal, first announced in January, was finalised on 1 April 2025. Freetrade will continue to operate as a standalone brand, with co-founder and CEO Viktor Nebehaj and his leadership team remaining in place. Nebehaj said the acquisition would allow Freetrade to “fast-track the rollout of new products and features” while accelerating growth.  Meanwhile, IG’s…

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Swiss Stock Exchange
April 01, 2025 BY Sam Boughedda

SIX Announces Digital Assets Regulatory and Tax Service

The new data package is said to be aimed at helping financial institutions navigate the rapidly evolving landscape of digital asset regulations and tax compliance. The service, launched amid increasing institutional demand, enables firms to assess whether over 80,000 crypto-related instruments, including tokens and blockchain-based assets, fall under regulatory and tax requirements, the company explained. …

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Texas
April 01, 2025 BY Sam Boughedda

NYSE Texas Opens, With Trump Media & Technology Group the First Listing

The exchange also revealed that Trump Media & Technology Group (TMTG) has become the inaugural listing. Lynn Martin, President of NYSE Group, said the launch of NYSE Texas provides businesses with new opportunities in a pro-business environment.  “We are thrilled to open NYSE Texas to corporate issuers and to welcome Trump Media & Technology Group…

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March 31, 2025 BY Sam Boughedda

Fiserv Announces Launch of Clover in Australia

The company said the system will provide small-to-medium businesses with an all-in-one solution to streamline operations and enhance customer experiences.  The expansion marks Clover’s presence in 11 countries, powering 3.5 million POS devices worldwide. “Ninety-eight per cent of Aussie businesses identify as small-to-medium businesses but many rely on a complex array of solutions that don’t…

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FINRA building
March 28, 2025 BY Sam Boughedda

USCA Securities Hit With FINRA Fine

USCA Securities has been fined $75,000 by the Financial Industry Regulatory Authority (FINRA) for multiple violations, including failing to maintain its required minimum net capital and submitting inaccurate financial reports. According to a Letter of Acceptance, Waiver, and Consent published by FINRA, USCA operated below its required net capital on 35 occasions between January and…

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