Forex Policy

360T is excited to announce its partnership with TEAM MALIZIA, led by the innovative skipper Boris Herrmann, as they prepare for the Vendée Globe 2024–2025 and The Ocean Race Europe 2025. 🌍⚡ This collaboration brings together cutting-edge technology and a shared mission for climate action. As Team Malizia pushes the boundaries of offshore racing, focusing on scientific research and ocean conservation, 360T is advancing the world of FX trading with its Swaps User Network (SUN) and other innovative solutions. Together, both organizations aim to inspire and create lasting impact in sustainability, performance, and precision. While Boris Herrmann races around the globe, gathering valuable data to promote climate education, 360T is revolutionizing the FX trading world with tools designed to enhance trading efficiency and reduce risk. This partnership highlights the importance of adaptability and responsibility, as both fields navigate ever-changing environments. Carlo Koelzer, CEO of 360T, shared, “Success in both offshore racing and FX trading requires advanced technology, a strong team, and the ability to adapt to an evolving landscape. We are proud to support Boris Herrmann’s journey and contribute to sustainability in both the ocean and financial markets.” #360T #TeamMalizia #Sustainability #Innovation #VendeeGlobe2024 #TheOceanRace2025 #OffshoreRacing #FXTrading #Technology

moomoo has agreed to pay a $750,000 fine following an investigation by the Financial Industry Regulatory Authority (FINRA) over misleading social media promotions. The settlement, finalized in November 2024, addresses violations between January 2020 and 2022, including: ▪️Misleading Ads: Over 400 influencers made promissory and misleading claims about the firm’s services, failing to disclose risks and misrepresenting regulatory protections. ▪️Lack of Oversight: The firm failed to properly supervise influencer content, violating supervisory and record-keeping protocols. ▪️Privacy Violations: More than 450,000 customers did not receive required privacy notices. In addition to the financial penalty, Moomoo must implement corrective measures and certify compliance with FINRA's rules. This case emphasizes the increasing concern over ‘finfluencers’ and the importance of regulatory oversight in the social media-driven investment space. #FINRA #Moomoo #Finfluencer #SocialMediaMarketing #FinancialRegulation #Compliance #Investing #MarketingTrends #FinancialServices

One Trading has appointed Steven Harper, a seasoned executive with over 25 years in software development and security, as its new Chief Security Officer (CSO). With an impressive career at leading organizations like Accenture, Orange, and EE, Steven is set to play a key role in elevating One Trading’s security and compliance standards. His expertise in building secure, scalable systems will be crucial as the company prepares to launch the first perpetual futures trading venue in the EU. 🔐 As CSO, Steven will focus on enhancing platform security, ensuring regulatory compliance, and maintaining the highest standards of reliability. #OneTrading #Leadership #Security #Innovation #Crypto #EU #PerpetualFutures

The iconic 1000 Miglia Experience UAE, inspired by Italy’s renowned “Mille Miglia,” is set to take place on December 1, 2023, featuring 120 rare vintage cars journeying through the UAE’s most scenic routes and concluding with a grand awards ceremony in Abu Dhabi. Daman Markets, a leading brokerage firm in the Middle East, is proud to be an official sponsor of this prestigious rally. As part of the event, Daman Markets will host a VIP lounge and booth, offering attendees the chance to: ✨ Connect with the Daman Markets team and learn about their cutting-edge trading services ✨ Meet notable personalities such as Moattsem Al Nahar, Sultan Hamdi, Francois Habchi, and others, some of whom will drive rally cars sponsored by Daman Markets Daman Markets CEO, Samer Mourched, shared his excitement, stating: "This sponsorship reflects Daman Markets’ dedication to precision, innovation, and excellence, both on the racetrack and in the financial markets. We are thrilled to combine classic tradition with modern trading solutions to drive traders toward success." This sponsorship follows Daman Markets’ recent collaborations, including their partnership with Dubai Racing Club and their innovative ventures like horse tokenization for crypto-focused clients. As a key player in the UAE’s financial trading landscape, Daman Markets continues to push boundaries, blending tradition with innovation. #1000Miglia #DamanMarkets #ClassicCars #UAEEvents #TraditionMeetsInnovation #TradingExcellence

UBS Group AG is making bold moves to strengthen its global presence! The Swiss banking giant is set to fully acquire UBS Securities Co. in China, a key part of its strategy to tap into one of the world's fastest-growing financial markets. With a 1.5 billion yuan ($207M) deal to increase its ownership to 100%, UBS is poised to streamline operations and gain greater control in China. 🇨🇳 This acquisition marks an exciting milestone as UBS solidifies its foothold in China’s dynamic market. But the growth doesn’t stop there – UBS is also pushing to enhance its position in other emerging economies like India and securing a stronger presence in the U.S. with a broader banking license. 📊 The recent acquisition of Credit Suisse further strengthens UBS’s global footprint, proving that the banking giant is on a mission to diversify its revenue streams and dominate the wealth management sector. 🏦 By focusing on growth markets, UBS is well-positioned to lead the charge in global finance. With their eye on the future, they are set to reap the benefits of these strategic moves in the coming years. 🚀 UBS’s expansion plans reflect their unwavering commitment to staying ahead in an ever-evolving global financial landscape. Watch this space! 🌐 #UBS #GlobalExpansion #China #FinancialStrategy #Banking #BusinessGrowth #EmergingMarkets #UBSnews #StrategicGrowth #Finance

Big news in U.S. securities trading as 24 Exchange has received official approval from the U.S. Securities and Exchange Commission (SEC) to launch 24X National Exchange—the first national exchange in the U.S. to offer 23-hour trading on U.S. equities every weekday. 🌍💹 This approval marks a game-changing moment for global retail and institutional traders. The extended trading hours will provide more opportunities for overnight liquidity, particularly in the APAC region, where demand for U.S. equities trading continues to grow. Traders across the world will benefit from around-the-clock access, reducing risks associated with market closures in different time zones. The launch of 24X National Exchange will be rolled out in two stages. Stage one will begin in the second half of 2025, with trading hours from 4:00 AM ET to 7:00 PM ET on weekdays. Stage two will expand the trading hours from 8:00 PM ET on Sunday to 7:00 PM ET on Friday, delivering a full 23-hour trading window for U.S. equities. Running on cutting-edge technology from MEMX Technologies, 24X National Exchange will provide speed, resilience, and cost-efficiency for all users. It will also continue to operate under the SEC’s regulatory oversight, ensuring robust investor protections and a customer-focused approach to innovation. #SECApproval #24XNationalExchange #EquityTrading #GlobalFinance #TradingInnovation #MarketAccess #GlobalTraders #SEC

IFX Payments is making waves with the appointment of Adam Dowling as its new Chief Operating Officer (COO). With nearly 20 years of industry expertise, Adam is set to lead the company into its next phase of growth, driving operational efficiency and performance optimization across day-to-day operations and strategic initiatives. Adam's extensive background, including leadership roles at Alpha Group, Saxo Payments, and Barclays, brings a wealth of knowledge to the table. He will focus on expanding IFX Payments into new territories, enhancing customer satisfaction, and streamlining operations to support the company’s goal of becoming the No. 1 service-led Alternative Banking Partner in EMEA. With a clear vision for business transformation and change management, Adam’s leadership will help reinforce IFX’s position as a market leader in FX and international payments. #IFXPayments #AdamDowling #Innovation #Fintech #Growth #FX #GlobalExpansion #Payments

The U.S. Securities and Exchange Commission has expanded its Public Alert Unregistered Soliciting Entities (PAUSE) list, adding 20 new entities to address rising concerns about investment fraud. The recent additions include: 🔹 14 firms accused of deceptive practices 🔹 2 impersonators of legitimate companies 🔹 4 fake regulatory agencies These entities have been flagged for misleading investors through false credentials, deceptive tactics, and unregistered operations. The SEC continues to emphasize the importance of vigilance and urges investors to: ✅ Verify a firm’s registration through official channels ✅ Be cautious of unregistered entities soliciting investments ✅ Regularly check the updated PAUSE list for suspicious firms Fraudulent schemes remain a persistent global threat, but staying informed can protect investors from significant financial risks. 🌐 📌 Learn more about the SEC’s efforts to safeguard investments. #SECUpdates #InvestmentFraud #InvestorAlert #FinancialSafety #InvestmentRisks #FraudPrevention #GlobalMarkets #FinancialNews #InvestorEducation

Ken Leech, the former co-chief investment officer (CIO) of Western Asset Management, has been charged with orchestrating a $600 million fraud scheme spanning multiple years. The U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) allege that Leech engaged in cherry-picking—a fraudulent practice in which favorable trades were allocated to selected portfolios, while unfavorable trades were assigned to others. According to the SEC, from January 2021 to October 2023, Leech manipulated trade allocations by delaying the allocation process, giving him the opportunity to observe price movements. This allowed him to assign first-day gains to favored portfolios and first-day losses to disfavored ones. The SEC claims that this scheme led to hundreds of millions of dollars in profits for favored clients, benefiting both Leech and his firm, while others suffered significant losses. The SEC charges assert that Leech violated his fiduciary duties, with his actions amounting to a staggering betrayal of the trust placed in him by his clients. As a result, the SEC is seeking penalties, disgorgement of profits, and other remedies, while the DOJ’s charges may lead to further legal repercussions. This case highlights the importance of ethical conduct and fiduciary responsibility in financial markets, serving as a stark reminder of the consequences when those duties are violated. As the investigation continues, it raises critical questions about the integrity of financial advisory practices and client trust. #FinanceNews #InvestmentFraud #SEC #DOJ #EthicsInFinance #FiduciaryDuty #FinancialScandal #MarketIntegrity

The Financial Conduct Authority (FCA) is setting a new standard for regulatory efficiency with the reduction of enforcement timelines by nearly 70%, as part of a bold five-year plan. This initiative is focused on enhancing the fight against financial crime, boosting consumer confidence, and fostering innovation within the financial industry. In a recent speech at TheCityUK National Conference, FCA’s Chief Operating Officer Emily Shepperd highlighted the importance of leveraging technology, including advanced data analytics, to streamline processes and improve outcomes. Under the new framework, the FCA has drastically shortened enforcement timelines, with cases now closing in just 13 months, compared to the previous average of 42 months. The FCA is now calling on industry stakeholders to collaborate in shaping a regulatory environment that promotes innovation and empowers consumers. The UK’s financial services sector continues to be a major economic contributor, generating £278 billion in 2023 alone, and the FCA’s strategy is designed to support sustainable growth while ensuring the integrity of the financial system. With a continued focus on tackling financial crime, the FCA is exploring innovative solutions such as digital identity tools to enhance anti-money laundering efforts. Through initiatives like the Regulatory Sandbox and AI Lab, the FCA is driving the future of financial regulation, ensuring that both businesses and consumers benefit from a safer, more efficient market. #FCA #FinancialCrime #Innovation #Regulation #ConsumerConfidence #FinancialServices #FinTech #DataAnalytics #AML #FinancialIndustry