Broker News

Regulators alleged that Robinhood had failed to stop frequent outages and disruptions on its trading platform.  Massachusetts securities regulators are investigating the zero-fee based app over alleged failures to protect its inexperienced investors. The app was promoting its products to them aggressively. According to the regulator, the app-based platform has allegedly failed in its duty …

Robinhood Probed for Luring Inexperienced Traders Read More »

StoneX Group Inc, formerly known as INTL FCStone, published its quarterly financial reports as of September 2020. StoneX published for the first time after fully acquiring GAIN Capital. Alongside the excellent quarterly operating revenue and profit increase, the company recognized an $81.8 million bargain purchase on the GAIN Capital acquisition. According to StoneX, the bargain …

StoneX Records 785% Revenue Spike After GAIN Capital Acquisition Read More »

Trading 212’s third-party protection service failed to work, but have managed to restore normal operations. Today, Trading 212 said its platform was under a distributed denial of service attacks (DDoS) that attempted to paralyze its systems with too much information. Trading 212 is a fintech company and Financial Conduct Authority (FCA) regulated broker. The retail …

Trading 212 Restores Service after DDoS Attack Read More »

MultiBank Group, a retail brokerage, gained a regulatory license from the Dubai Financial Services Authority (DFSA). The license strengthened the retail brokerage’s position in the Middle East and North America (MENA) region. The DFSA license is the seventh regulatory license the brokerage has gained so far. Other regulatory approvals are in Germany, Australia, British Virgin …

DFSA Licenses MultiBank Group, Opens Office in Dubai Read More »