Stay ahead of the markets with expert analysis, breaking news, and insights that matter to your trading success.
CME Group’s Chicago Mercantile Exchange Business Conduct Committee has sanctioned pit broker Michael Cohen for rule violations related to a SOFR options trade executed on June 7, 2024. The panel found that Cohen prearranged and noncompetitively executed the trade at an unsanctioned quarter-tick price, ordering a fine and a temporary trading floor suspension.
The SEC has filed a civil complaint against John Sterling Myers, Sterling Capital, LLC, and Sterling Capital Management, LLC over alleged fraud involving a pooled investment fund. Regulators claim Myers misappropriated investor assets, fabricated performance, and violated multiple federal securities laws.
The Cyprus Securities and Exchange Commission has withdrawn the Cyprus Investment Firm authorisation of Conotoxia Ltd, halting its regulated investment services in Cyprus. The decision follows findings that the company no longer met ongoing authorisation requirements, including governance and organisational standards.
Silicon Marketing Limited has entered administration, with Carrie James and Nick Parsk of Oury Clark appointed as joint administrators. The firm is authorised by the FCA for debt purchasing and collection, and existing loan agreements are to remain in place with repayments continuing as normal.
China's Securities Regulatory Commission has fined Futu and UP Fintech a combined $331 million and ordered the wind-down of their cross-border brokerage model within two years. The move targets offshore brokers serving mainland Chinese investors without proper authorization and signals a broader regulatory crackdown.
Polish and Ukrainian authorities have shut down three call centers linked to a large-scale forex fraud scheme targeting thousands of investors. The joint operation led to multiple arrests, asset seizures, and charges against 23 suspects as investigations continue.
The Trade Set Go CFD brokerage unit backed by the founders of The5ers has obtained a new Seychelles licence, adding to its existing Cyprus authorisation. The firm has begun a soft launch under the new offshore entity, targeting clients from emerging markets while keeping its headquarters in Cyprus.
Switzerland's financial regulator FINMA reported a sharp rise in problem cases involving independent portfolio managers in 2025, highlighting recurring issues with conflicts of interest, suitability checks and complex products. Client assets at risk ranged from tens of millions to several hundred million Swiss francs, including money earmarked for retirement provision.
An office building in Limassol that hosts several CFD brokers was struck by gunfire in the early hours of 3 June 2026. Police say at least two perpetrators on a motorcycle fired at the premises, damaging glass panels on a balcony.
The UK's Financial Conduct Authority has warned Premier League and other football clubs that sponsorship deals with unauthorized crypto and trading firms could expose them to legal and criminal risks. The regulator is placing greater responsibility on clubs to vet partners and comply with UK financial promotion rules, potentially reshaping the football sponsorship market.
Switzerland's financial regulator FINMA reported a sharp rise in supervisory cases involving independent portfolio managers in 2025, with client assets at risk running into hundreds of millions of Swiss francs. The regulator highlighted recurring issues around conflicts of interest, weak suitability checks and the use of complex in-house products, some involving clients' retirement savings.
The Securities and Futures Commission has fined XHK Limited HK$2.5 million for regulatory breaches involving financial reporting, capital adequacy and client money handling. The action followed an investigation triggered by self-reports from XHK and found liquid capital shortfalls and client money rule violations over multiple periods.
