The Financial Industry Regulatory Authority has launched a new portal aimed at improving coordination on cybersecurity and fraud threats across the securities industry, including risks that affect retail investors. Singapore Summit: Meet the largest APAC brokers you know (and those you still don’t!). The launch comes as retail investor exposure to scams and high-risk offers…
The Financial Industry Regulatory Authority (FINRA) has ordered American Portfolios Financial Services (APFS) to pay $4.6 million in restitution to customers and a $550,000 fine after finding that the firm miscalculated fees and retained undisclosed interest from client funds in its bank deposit program. The firm will pay $4.6 million in restitution to customers and…
Cryptocurrency market maker GSR is advancing its regulated presence in the United States through an agreement to acquire Equilibrium Capital Services, a broker-dealer registered with the SEC and FINRA. This move aims to provide institutional clients with more direct and compliant access to digital assets amid increasing regulatory scrutiny in the U.S. Although the transaction…
Sudden price pops ahead of announcements spark SEC and FINRA probe into possible insider leaks and selective disclosures Picture this: a company quietly plans to raise funds and buy crypto. Before the world finds out, its stock starts climbing, sometimes sharply, days ahead of the public reveal. That kind of pre-announcement run raises eyebrows. And…
For more than twenty years, the $25,000 equity minimum has been a barrier to entry for aspiring day traders in the United States. While FINRA now seeks to replace it with a margin-based framework, experts have cautioned that lowering the threshold does not eliminate the risks tied to leveraged intraday trading. Recent proposed changes by…
Day traders in the U.S. may no longer need to keep $25,000 in their accounts after the Financial Industry Regulatory Authority’s (FINRA) Board of Governors approved amendments to replace the equity requirement with a margin-based system. From Equity Minimum to Margin-Based Oversight The decision marks one of the most significant shifts in trading rules since…
Many U.S. retail traders wonder where to turn when they discover that they have been cheated by a broker-dealer. If you have been trading for a while, this has likely happened to you at least once. The crux of the problem is that your access to evidence regarding the dispute is extremely limited–in contrast to…