Stay ahead of the markets with expert analysis, breaking news, and insights that matter to your trading success.
ASIC has banned former ISG Financial Services director Benjamin Godfrey from providing or being involved in financial services for 10 years. The action follows findings that he failed to comply with financial services laws and is not a fit and proper person to provide financial services.
ASIC reports a sharp rise in the removal of phishing and investment scam websites and warns that artificial intelligence is intensifying online scam risks. The regulator highlights growing use of AI-powered social media ads and urges consumers to verify licences before sharing personal information.
ASIC has initiated Federal Court proceedings to seek the appointment of a receiver to review the proposed sale of Interprac Financial Planning by Sequoia Wealth Group to Conquest Investment Partners. The regulator is concerned the transaction may adversely affect Interprac creditors, including clients with AFCA complaints linked to collapsed investment funds.
ASIC has cancelled the Australian financial services licence of The Silverfern Group Pty Ltd after the firm ceased carrying on a financial services business. The cancellation followed ASIC enquiries into statutory reporting, audit compliance and unpaid fees, which Silverfern resolved before the licence was cancelled.
CySEC has extended by 12 months the implementation deadline for its two-year prohibition on Igor Gutinskiy, the sole director of Otkritie Broker Ltd, from exercising management duties. The ban will now take effect on 11 April 2027, nearly four years after it was originally imposed.
Leverate has launched a managed MT4 and MT5 hosting service combined with a Broker Review process for FX and CFD operators. The service focuses on optimizing MetaTrader infrastructure via performance monitoring, geo-based hosting decisions, and consolidated operational support.
Beeks Financial Cloud Group has secured a five-year £2.1 million Proximity Cloud contract with a large foreign exchange broker, extending an existing relationship. Revenue recognition from the deal is expected to begin in the current financial year ending June 2026.
The Australian Securities and Investments Commission (ASIC) has banned Melbourne-based financial adviser David Lofthouse from providing financial services for three years. The ban also prevents him from controlling or being involved in any entity carrying on a financial services business, reflecting ASIC’s enforcement focus in the superannuation sector.
FP Markets has partnered with Acuity Trading to launch FP Markets Intelligence, an AI-driven suite of trading signals and research tools. The multi-tool package integrates with MetaTrader platforms and the broker’s Client Portal and is now live for clients.
FXTM has decided to relinquish its UK FCA licence as part of a strategic shift away from the UK retail market toward Asia and the Middle East. The broker plans to upgrade its licence in Dubai and pursue a strategic partnership in Indonesia to support its regional expansion.
H.E. Waleed Saeed Al Awadhi, Chief Executive Officer of the UAE Capital Market Authority, has been unanimously reappointed as Chair of IOSCO’s Africa and Middle East Regional Committee for the 2026–2028 term. The renewed mandate underscores international confidence in the UAE’s regulatory leadership and its role in shaping global financial market standards.
Global Execution Brokers, LP has agreed to a $75,000 fine and a censure to settle allegations brought by Cboe Exchange, Inc. The firm was cited for failing to maintain adequate financial risk management controls and supervisory procedures for its market access business.
