Tag: introducing broker

March 24, 2014 BY Gerald Segal

XLMedia upsizes IPO, shares soar on first day of trading

XLMedia has demonstrated that an IB / affiliate business model can be the base for a successful IPO.   Gaming affiliate XLMedia (LON:XLM) has completed its IPO on the London Stock Exchange, and it was an absolute blowout. After raising more money than planned, and at a higher valuation (see table below), XLMedia saw a…

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January 14, 2014 BY Gerald Segal

CFTC fines Introducing Broker $50,000 for failed record keeping

New World Holdings destroyed business records and failed to diligently supervise employees Chicago based introducing broker New World Holdings (NWH) has been imposed a fine by the US Commodity Futures trading commission as it failed to keep proper records of its customers and neglected employee supervision. The monetary penalty amounts to $50,000 while the court…

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November 06, 2013 BY Gerald Segal

CFTC requires IBs to be licensed

 The Dodd-Frank act is coming back to haunt introducing brokers next A new proposed rule has been issued by the CFTC to require all IBs (introducing brokers) to get membership in a Registered Futures Association (RFA). This essentially means that they have to become members of the National Futures Association as of right now it…

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