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The Financial Conduct Authority has warned that Pocket Trading EXP / Pockettradingexp may be providing or promoting financial services in the UK without FCA authorisation. Consumers dealing with this firm will not benefit from UK regulatory protections.
The Financial Conduct Authority has issued a warning about Valcrest Trading Limited, stating the firm is not authorised and may be offering financial services in the UK without permission. Consumers dealing with this firm will not have access to FCA-linked protections.
Capital.com has entered the South African market after securing an Over-the-Counter Derivatives Provider licence and a Category 1 Financial Services Provider authorisation. The move is part of the broker’s wider global expansion, which includes new regulatory and hiring initiatives in multiple regions. Travis Robson has been appointed as the local CEO to lead the South African operations.
The CFTC is seeking public comment on whether the perpetual futures structure recently approved for bitcoin can be applied to crude oil. The regulator highlights unresolved questions on pricing, settlement, and market integrity for 24/7 energy contracts.
CMC Markets’ Australian unit has launched CMC Intelligence, an AI-powered engine developed with Telescope AI to support investors across multiple markets. The tool provides insights on stocks, ETFs, and cryptocurrencies using verified financial data and public information.
Thailand's Department of Special Investigation has led a multi-agency operation against an alleged forex pyramid scheme, raiding 24 locations and seizing about 65 million baht in assets. Authorities are probing unlicensed forex firms, brokers, and payment providers linked to the scheme.
Monevium Ltd has entered special administration, with Adam Henry Stephens and Christopher Allen of S&W Partners LLP appointed as special administrators. They will manage customer claims and assess safeguarded funds under the Payment and Electronic Money Institution Insolvency Regulations 2021.
AvaTrade has reportedly made an offer to acquire Stratos, the operator of FXCM and Tradu, from Jefferies Financial Group. A crypto exchange has also allegedly submitted a bid, with financial terms undisclosed. The eventual buyer would gain control of the established FXCM brand.
Australia's corporate regulator plans to remake four expiring relief instruments covering exchange-traded derivatives and securities for another five years. ASIC says the instruments are operating effectively and will be renewed with only minor amendments, leaving their effect unchanged. Consultation on the proposal runs until 5pm AEST on July 20.
ASIC has banned financial planner Brett Anthony Newbound from providing credit or financial services for ten years and cancelled the AFS and ACL licences of Freedom Wealth Services Pty Ltd. The decisions, effective 1 May 2025, have been appealed to the Administrative Review Tribunal.
Merrill Lynch, Pierce, Fenner & Smith Incorporated agreed to a $175,000 fine and censure from FINRA over failures to disclose market discounts on certain municipal securities trades for self-directed customers. The firm also revised its procedures and offered compensation to affected customers who incurred additional tax liabilities.
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.
