The Cyprus Securities and Exchange Commission (CySEC) has announced the withdrawal of Investor Compensation Fund (ICF) membership for four investment firms: IFCM Cyprus Ltd, Arumpro Capital Ltd, Greenpost Trading Europe Ltd, and Reliantco Investments Ltd . This regulatory move comes after these companies lost their Cyprus Investment Firm (CIF) licenses , affecting their ability to provide financial services under CySEC’s framework. Impact on Investors Despite the ICF membership revocation, CySEC clarified that eligible clients can still claim compensation for investment operations conducted before the loss of membership status. This ensures that investors retain their rights under the Directive DI87-07 for the Operation of the ICF . According to CySEC, the withdrawal does not automatically eliminate clients’ rights to compensation . The regulator reassured investors that if they meet the necessary conditions, they can still receive financial compensation for any potential losses...

  Robinhood Securities LLC and Robinhood Financial LLC , the popular trading platforms under the Robinhood umbrella, have found themselves in the spotlight once again—but this time, not for their innovation. The U.S. Securities and Exchange Commission (SEC) has charged the broker-dealers with a laundry list of securities law violations, resulting in a hefty $45 million penalty . What Led to the Charges? The SEC’s investigation uncovered a series of regulatory missteps between 2019 and 2023 , highlighting Robinhood’s failure to meet legal obligations in key areas: Suspicious Activity Reporting Robinhood did not file timely reports for suspicious transactions, undermining market transparency. Data and Recordkeeping Failures Critical customer communications and operational databases were not properly preserved, violating federal securities laws. Cybersecurity Breach A 2021 vulnerability allowed unauthorized access to sensitive user information, affecting millions. Regulation SHO Viol...

  Sucden Financial , a leading multi-asset execution, clearing, and liquidity provider, has announced the opening of its new European office in Hamburg, Germany , marking a significant milestone in the company’s global expansion strategy. The move comes as demand for Sucden Financial’s services continues to grow across Europe. A Strategic Step Forward The new office, operating under the name Sucden Financial Hamburg GmbH , is licensed by Germany’s Federal Financial Supervisory Authority (BaFin) and holds Category 4 membership with the London Metal Exchange (LME) . This strategic expansion underscores Sucden Financial’s commitment to delivering specialized services to clients across the European Union. The Hamburg office will initially provide access to LME contracts , catering to industrial metals users, producers, and recyclers in Germany and beyond. Future plans include offering European clients access to commodity derivatives and foreign exchange markets . Leadership Driving In...