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...Sioufi in 2022 was disqualified as a director because he caused Exmoor to “misappropriate customer monies and failed to return customer funds” totalling £2.2mn, including Wen’s and two other cases, according...
...The US Financial Industry Regulatory Authority hit two Stifel broker-dealer divisions with $2.3mn in fines and restitution over unsuitable recommendations on leveraged exchange traded products....
...And from the Financial Times and Pushkin Industries, this is Hot Money Season 2: The New Narcos, Episode 2 — Cocaine CEO....
...When hedge funds seek looser trade conditions with their PBs, such as better pricing or lower margin requirements, fewer dealers report margin loan tightening....
...The most obvious aspect is how broker-dealers have basically stopped being the latter....
...That, at least, was the allegation made by Northwest Biotherapeutics in a suit filed against seven broker-dealers including Virtu and Ken Griffin’s Citadel Securities in late 2022....
...Motorists were quoted £941 on average for an annual insurance policy between January and March, according to a widely watched index of price comparison site quotes published by Confused.com and insurance broker...
...The haven asset dropped 1.1 per cent to trade at $2,301.43 a troy ounce, extending a 2.7 per cent drop on Monday, the biggest one-day decline since June 2022....
...If buyers must decide whether to pay these brokers themselves, many may opt out. In countries such as the UK, France and Australia, buyers rarely use brokers....
...Gold prices have hit an all-time nominal high above $2,400 per troy ounce in recent days....
...The US broker-dealer launched in 2018 and has 20mn registered users globally. Webull said the merger was expected to close in the second half of 2024, subject to regulatory and shareholder approval....
...In the US, which now makes up at least half of revenues, it is a top 10 futures dealer....
...At first, regulators wanted to include hedge funds and leveraged traders, but have since pared back that requirement to FICC clearing members, brokers/dealers, and broker-dealers....
...Property insurance rates, a particular source of pressure, were up another 6 per cent, and overall prices grew 2 per cent....
...A rule that would force larger players to register as broker-dealers or government securities dealers is among proposed regulations that would subject hedge funds to increased oversight....
...The so-called discretionary commissions gave car finance brokers and dealers an incentive to raise interest rates on customer deals and were banned by the FCA in 2021....
...Morningstar publishes its own estimates, which it admits are “conservative” and only include third-party model providers, not broker-dealers or wirehouses....
...More importantly the bid-offer spread is as much as 2 per cent on index-linked gilts, while shares and funds can be executed for almost nothing....
...In both rulings the ombudsman noted that the lending banks would have accepted much lower rates and said there was a conflict between the interest of consumers and brokers....
...Ernie Garcia insisted for years Carvana would become the world’s most profitable used car dealer by selling millions of vehicles online....
...Under the rules, all purchases or sales of Treasuries by broker-dealers or interdealer brokers will have to be routed through a clearing house from December 2025, while most repo trades must be cleared from...
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...The broker-dealers charged by the SEC admitted that staff exchanged personal messages about the businesses....
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