Broker News | CTAX Pool and Introducing Broker to Pay over $2.3 Million for Fraud

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Broker News | CTAX Pool and Introducing Broker to Pay over $2.3 Million for Fraud

#Industry
01 eToro Acquires Portfolio Management Tool BullSheet

The financial terms of the deal are unknown.
Both Bullsheet co-founders joined eToro as employees.

02 XTB Doubles YoY Revenue in Q3 2022
The broker brought in PLN 391.3 million in quarterly revenue.
Active clients on the platform have peaked.

03 CTAX Pool and Introducing Broker to Pay over $2.3 Million for Fraud
CTAX operated between July 2014 and March 2019.
Reckless trading with the pool funds resulted in an 89 percent loss of pool assets.

04 Top 5 Tech Trends for Payment Fintechs in 2023
Gaining competitive advantage is synonymous to staying ahead of the curve.

 

#Broker

01 ASIC Fines AUSIEX and Hits CommSec With Largest Ever Penalty
The penalty is the highest in history for breaching the Market Integrity Rule.
Companies used 121,000 occasions to overcharge their clients.

02 XTrend Seals Sponsorship Deal with ACF Fiorentina
XTrend was founded in 2018 and is supervised by CySEC.
ACF Fiorentina has been playing in the Italian Serie A for nearly 100 years.

03 FMA Warns against Fraudster Impersonating the Regulator
Scammer tries tricking consumers and investors into pretending to be a regulatory clerk.
The FMA warned of impostors four times in October 2022.

04 How Big Tech May Impact Financial Industry Competiton? FCA Wants to Know
The FCA is waiting for views on possible harm and benefits from Big Tech companies.
Responses can be provided by 15 January, 2023.

Proofreading: Jelly

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