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Australia's Full Federal Court has largely dismissed appeals by iSignthis and former CEO Nickolas Karantzis, leaving $11m in penalties and a six-year disqualification in place.
ALT iSignthis penalties upheld on appeal
The appeal was allowed only on the terms of one declaration against Karantzis, which is to be amended. The judges said the correction does not alter any substantive liability or penalty outcome. The appellants must pay ASIC's costs.
The Full Court said market harm was not confined to demonstrated financial loss suffered by an identified shareholder. Full article: leaprate.com/regulation/isig…
BGC Group ($BGC) co-CEO JP Aubin will become Vice Chairman from close of business on 31 December 2026. John Abularrage and Sean Windeatt continue as co-CEOs.
ALT BGC Group logo
First Citizens Investor Services was fined $500,000 and censured by FINRA, which found it failed to review more than 3.5 million staff emails between March 2019 and May 2026.
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As a result, the firm failed to identify issues such as emails containing reportable customer complaints. FINRA found breaches of Rule 3110 (supervision) and Rule 2010 (conduct).
Under the settlement, the firm agreed to complete its ongoing retrospective review and certify that it complied with all reporting obligations arising from the findings.
leaprate.com/regulation/firs…
XTB reported preliminary Q3 2026 net profit of €49.3m, up 295.2% y/y, with record client assets above €12.7bn. 1/4
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3/4 XTB added 335,000+ new clients in Q3, up 51.4%. Total clients were about 3.14m and active clients 1.56m+, up 70.3%.
4/4 Volatility was lower from July to September than in H1. CEO Omar Arnaout said the strategy is effective not only in heightened volatility. leaprate.com/retail-fx-cfd/x…
