CME Group Fines Trader Kin Chung Lam $50,000 for Wash Trades in Aluminum Futures
Key Insights CME Group sanctioned Kin Chung Lam for executing multiple wash trades in aluminum futures and calendar spreads on…
Robinhood Expands in UK with Launch of Options Trading and Flexible Fees
Key Insights Robinhood has launched options trading in the UK, allowing customers to trade on stocks and indices with European-style…
SEC Chair Gary Gensler to Step Down in January 2025
Key Insights SEC Chairman Gary Gensler will step down on January 20, 2025, after serving as the agency’s 33rd chair…
Robinhood Crypto Settles California Probe for $3.9 Million Over Withdrawal Restrictions
Key Insights Robinhood Crypto settles California investigation for $3.9 million over past withdrawal restrictions. Settlement requires Robinhood to allow crypto…
Japan Spends $36.8 Billion to Defend Yen as BOJ Raises Rates
Key Insights Japan spent 5.53 trillion yen ($36.8 billion) in July to support the weakening yen, marking its largest intervention…
Robinhood Launches Joint Accounts
Key Insights Robinhood introduces joint investing accounts for collaborative financial management New feature offers consolidated investment management, dual access, and…
State Street Launches Low-Cost Gold Fund in Australia
Key Insights State Street Global Advisors launches Australia’s lowest-cost gold fund at 0.14% p.a. management fee. ANZ Private Bank to…
Citigroup Hit with $136 Million in Fines for Persistent Risk Management Issues
Key Insights Citigroup and Citibank fined $136 million by U.S. regulators for ongoing risk management and data governance issues. Penalties…
Archegos Founder Hwang Found Guilty in $36 Billion Firm Collapse
Key Insights Archegos founder Bill Hwang found guilty of fraud and market manipulation in $36 billion firm collapse. Co-defendant Patrick…