1. Italy's CONSOB Bans 5 Websites Including FP Invest, Bringing the Total to 945!
The Italian financial market regulator, National Commission for Companies and the Stock Exchange (CONSOB), recently ordered Italian internet service providers (ISP) to block access to 5 websites illegally offering financial services within Italy. The total number of entities now blacklisted by CONSOB has reached 945.
2. CNMV Regulatory Blacklist Adds 5 Companies!
The National Securities Market Commission (CNMV) has issued a series of warnings to inform investors about the risks associated with unregistered operators.
The 5 unregistered entities include:
- alfatraders.pro-ALFA TRADERS, ALFA TRADE
- algotrust.trade-ALGO TRUST LLC
- gecruxinvest.io-GECRUX INVEST, BAMBOOZLE GROUP LTD
- invox.trade-INVOX TRADE
- tangent-capital.pro-TANGENT CAPITAL
3. IG Group Decides to Cut Global Workforce by 10%
IG Group has announced it expects to cut around 300 jobs by the end of the 2023 financial year, representing 10% of its workforce. This is the result of a review of the company's cost-effectiveness opportunities. It is noted that this fiscal year, both IG Markets and IG Index have experienced a decline in net profits.
4. LMAX Group Completes Acquisition of Cürex FX
LMAX Group, a broker operating in forex and blockchain trading, announced that it completed the acquisition of the forex business of Cürex on October 30th.
5. Saxo Bank Japan to Offer After-Hours Trading Services from November 1, 2023
Starting November 1, 2023, Saxo Bank Securities (Saxo Bank Japan), a comprehensive multi-asset trading and investment platform headquartered in Copenhagen, will offer after-hours trading services. This service will allow trading in foreign securities, individual stock CFDs, and other securities' CFDs listed on major US stock exchanges outside of regular trading hours.
