Stay ahead of the markets with expert analysis, breaking news, and insights that matter to your trading success.
EXMO.com announced it will begin an orderly wind-down of its platform following UK financial sanctions on a group entity. The exchange says sanctions have frozen part of user assets, forcing a 29.4% proportional deduction from all client balances and the issuance of a non-tradable recovery token.
The Australian Securities and Investments Commission has asked the Supreme Court of New South Wales to wind up Capital Guard AU Pty Ltd, alleging the firm sold bond investments that may not have existed. Around 80 investors placed about A$17.4 million with the Sydney-based company, with only a small portion of the funds currently located, according to the regulator.
The Financial Conduct Authority has issued a warning about a firm operating via duxtonrozequinox.cc, stating it is not authorised in the UK. Consumers dealing with this firm are not protected by the Financial Ombudsman Service or the Financial Services Compensation Scheme.
Hong Kong's Securities and Futures Commission has ordered internet brokers and virtual asset trading platforms to stop using one-time passwords for client logins, citing a rise in phishing attacks. Firms must move to phishing-resistant authentication such as passkeys and device binding within 12 months or sooner.
Regulators in multiple jurisdictions have issued warnings against 18 brokerage and trading firms over the past week, citing unauthorised activity and potential fraud. The actions target unlicensed, cloned and unregulated platforms that appear to be soliciting retail investors across several markets.
The Cyprus Securities and Exchange Commission has withdrawn the Cyprus Investment Firm authorisation of TTCM Traders Trust Capital Markets Ltd following the broker’s decision to renounce its licence. The move forms part of a broader pattern of voluntary exits from the Cyprus Investment Firm regime and coincides with new reporting instructions and supervisory plans for investment firms and crypto asset service providers.
The Financial Conduct Authority has warned that Global Crest Markets, operating via www.goldcrestmarkets.com and based in London, is not authorised to provide financial services in the UK. The regulator cautions that UK consumers dealing with the firm lack access to key protections, including the Financial Ombudsman Service and the Financial Services Compensation Scheme.
The Commodity Futures Trading Commission has ordered offshore firms Netrios LP Ltd. and Red Acre Ltd. to pay a combined $2.5 million for supporting unregistered trading platforms serving U.S. retail customers. The firms, which did not admit or deny the findings, must cease the conduct described in the CFTC’s order.
ASIC has extended its sector-wide no-action position for digital asset firms to 30 September 2026 and broadened its scope to cover additional authorised representative and intermediary arrangements. The move is intended to support an orderly transition to licensing while maintaining investor protection and market integrity.
GTN Europe Financial Services Limited reported its first full year of trading revenue in 2025 but recorded a significantly larger loss as staff and administrative costs rose. The FCA-regulated UK arm of GTN Group Holding Limited remained reliant on group support and a parental guarantee to continue as a going concern.
South Africa’s Over-the-Counter Derivatives Provider regime is seeing notable attrition among non-bank firms. Strict FSCA operational, compliance and cost requirements are prompting some brokers to exit ODP licensing and shift toward simpler FSP licences.
Former company director Trent Bowden has pleaded guilty to dishonestly using his position to obtain more than A$1.5 million from investors who believed their funds would be used for foreign exchange trading. Instead, the money was spent on personal expenses and other non-FX-related costs, and the case now moves to the Perth District Court for sentencing proceedings.
