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The Federal Security Service of the Russian Federation has detained executives of a Cyprus-based broker over an alleged fraud involving more than 7 billion rubles. The case centres on suspected illegal operations with shares of Russian telecommunications and fuel and energy companies and alleged violations of anti-sanctions laws.
The Malta Financial Services Authority has published findings from its 2025 Outcomes-Based Supervision initiative, highlighting weaknesses in investor treatment by investment firms. The review targets online marketing practices and complaints handling, imposing stricter requirements on disclosures, partner oversight and resolution timelines.
ASIC has named 19 additional entities involved in superannuation lead generation, expanding its public list first released in February 2026. The regulator aims to increase transparency and warns that misleading or unlicensed lead generation practices may breach the law.
BitGo has appointed former Monetary Authority of Singapore official Angela Ang as managing director for Asia-Pacific and president of BitGo Singapore. The move follows the firm’s New York Stock Exchange listing and continued expansion of digital asset services across the region.
The Financial Conduct Authority has closed its investigation into Drax Group PLC regarding disclosures on the sustainability of its Canadian biomass. After reviewing extensive material and company interviews, the FCA found no evidence warranting further action on Drax’s 2021–2023 annual reports.
HSBC Bank Australia Limited has admitted to serious failures in protecting customers from scams, leading to significant financial losses. ASIC has commenced civil penalty proceedings and is asking the Federal Court to impose a $35 million penalty, alongside HSBC's ongoing remediation program.
Robinhood is laying off about 10% of its full-time staff, or roughly 290 employees, in a move framed as a cultural reset toward a leaner, high-performance organization. The decision comes despite record June trading volumes and recent revenue and profit growth, but follows a revenue miss and a sharp drop in crypto income.
The Cyprus Securities and Exchange Commission has issued a circular warning regulated entities about rising cybersecurity risks linked to frontier artificial intelligence models. CySEC urges firms to strengthen digital operational resilience and adapt controls to evolving AI-enabled threats.
Kraken EU has appointed a CFD industry veteran to lead its European operations, signalling a strategic pivot toward regulated retail trading products. The move underscores Kraken's ambition to expand in the EU's regulated CFD and derivatives markets under the MiFID II framework.
The Australian Federal Court has ordered record penalties totalling AU$300.2 million against three collapsed CFD brokers following an ASIC enforcement action. The ruling cites systemic and egregious misconduct targeting vulnerable retail investors and is expected to set a precedent for CFD regulation.
The Financial Conduct Authority has issued a warning about Profitinvest, stating the firm may be providing or promoting financial services without FCA authorisation. Consumers dealing with this firm will not have access to UK regulatory protections. The FCA urges the public to verify firms through its Firm Checker and report approaches by unauthorised entities.
JadeTrax has been identified as a clone of FCA-authorised firm Jade Independent Financial Advisors Limited. The unauthorised entity has been contacting people using false contact details, leaving consumers without access to UK regulatory protections.
