Prop Connect on LinkedIn: The Funded Trader Works With the Use of cTrader (2024)

SEC Files Charges Against Coinbase for Operating Unregistered Securities, Seeks Major PenaltiesThe post SEC Files Charges Against Coinbase for Operating Unregistered Securities, Seeks Major Penalties appeared first on Coinpedia Fintech News The Securities and Exchange Commission (SEC) has filed charges against Coinbase, accusing it of operating an unregistered securities exchange, broker, and clearing agency since 2019. The SEC also alleges that Coinbase has been running an unregistered securities offering via its staking-as-a-service program. The complaint states that Coinbase’s failure to register has deprived investors of essential protections. The SEC is seeking a range of penalties including injunctive relief and disgorgement of ill-gotten gains. The regulator’s Chair Gary Gensler criticized Coinbase for allegedly ignoring rules and depriving investors of critical protections.

One Capital Corporation ReviewBeware of One Capital Corporation Scams: Stay cautious when dealing with this suspicious entity, which may pose as a broker. Numerous reports suggest questionable practices. To learn more, read One Capital Corporation review here. Protect yourself from potential scams by conducting thorough research and seeking trusted sources of information.#OneCapitalCorporationScam #OneCapitalCorporationReview #OneCapitalCorporationhttps://lnkd.in/di7_nPdK

Verification On eToro Explained: Step By Step Guide - Traders Union emphasizes the importance of eToro’s verification process as a pivotal step in ensuring a safe and compliant online trading experience. As the online trading realm burgeons, safeguarding financial operations is more vital than ever. Among the different measures to ensure safety and authenticity, account verification on trading platformshttps://lnkd.in/evDq68_N

To counteract regulatory scrutiny in the US that has affected the proprietary trading industry, Funding Pips, a platform for proprietary trading, has expanded its operations to include the cTrader platform. Recently, Funding Pips switched from MetaTrader to Match-Trader, a move that suggests a strategy change with an eye on the US market. This action was taken in reaction to the regulatory obstacles that MetaQuotes' licensing rules imposed, and it reflects the difficulties that the proprietary trading sector is currently facing.Unexpected changes in Funding Pips's service suppliers resulted in service outages. These adjustments were related to Blackbull Markets, the company's brokerage partner, terminating its relationship with it on MetaQuotes' orders.MetaQuotes' decision to stop supporting proprietary trading companies that catered to US clients had a significant impact on the sector. This decision raised worries about sustainability and compliance, as well as operational difficulties.Funding Pips switched to Match-Trader last month, signaling a shift in the products the company offers. The company guaranteed a seamless transfer of accounts and transaction history to its clients. The CEO of the business, Khaled Ayesh, reaffirmed the migration's success and stressed the need to maintain crucial components of the Match-Trader ecosystem, such as trading conditions.Funding Pips' abrupt service termination on February 14 highlighted the company's dependence on Blackbull Markets, its brokerage partner, and subsequently, MetaQuotes' systems. This incident had an impact on a certain segment of the proprietary trading community.A key platform for leveraged forex and CFD trading is still MetaTrader. However, market participants seeking a worldwide reach face difficulty due to its stringent licensing framework. The fallout from MetaQuotes' actions brought to light the necessity of varied trading options and regulatory openness in a market that is evolving quickly.While proprietary trading companies are subject to a different set of laws that encourage creativity and flexibility in response to shifting market conditions, leveraged trading services are subject to strict regulations in the US.https://lnkd.in/dmuSdakk.#FundingPips #TradingEvolution #cTraderLaunch #propfirms #trading #propconnect #forex

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Great insights from my colleague Elizabeth Kettler! With Prometheum Ember Capital becoming the first SPBD authorized to serve as a qualified custodian of crypto digital assets, and this being the first time digital asset securities will be custodied in a FINRA member firm and an SEC registered broker-dealer subject to the federal securities laws, there are two things I will be watching for:1.Will this be a market differentiator allowing Prometheum to gain more sophisticated and institutional investors who currently custody their crypto with platforms that do not fall under SEC 15c3-3 customer protections?2.Does this open the door for other firms to be approved for SPBD designation, or does FINRA wait to see if Prometheum can successfully comply with regulatory demands as they grow before moving forward with other firms?

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Retail prop trading tech provider FPFX Technologies, LLC (FPFX Tech), has terminated its licensing agreement with the prop firm Funded Engineer following an internal audit. Tristian TalbotThe audit unveiled what the vendor alleges to be “a months-long scheme” by Funded Engineer to deceive both FPFX Tech and the public by inflating payout figures through illicit activities, FPFX Technologies toldFinanceFeeds.#proptrading #fx #fxtrading #stocks #currency #trading #tradingforex #financehttps://lnkd.in/dSRkqgYm

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Opyn Protocol Co-founders Resign Following CFTC Action $OSQTHThe charges levied against Opyn include failures in appropriate registration, inadequate customer identification procedures, and unauthorized leveraged and margined retail commodity transactions involving digital assets.https://lnkd.in/d-tx6mzq#Regulation #Opyn #OSQTH #CFTC #cryptoregulation #DeFi

The settlement between Massachusetts' securities regulators andRobinhoodis only the first volley in what is likely to be ongoing regulatory actions against not just “gamification” – the use of digital marketing to influence customer behavior – but more broadly the use of technology in providing financial advice. And not only at the state level: TheSEChas proposed a rule intended to neutralize or eliminate conflicts of interestin the use of predictive data analytics (including artificial intelligence) by broker-dealers and registered investment advisers. But this rule faces heavy opposition – and so it should. According to the The Securities Industry and Financial Markets Association (SIFMA), the SEC rule “would impose a potentially insurmountable burden on BDs and RIAs” using “any technology to interact with or formulate recommendations for clients or investors, including institutional investors.”While the use of digital marketing techniques deserves scrutiny, technology is today embedded in almost every aspect of financial services and is far more often responsible for dramatic improvements in client service, customization and responsiveness than it is a tool for manipulation. State and federal regulators need to tread carefully here.

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SurgeTrader Announces Platform Update & U.S. Trader Migration#propfirmjobs #financecareers #traderoom #financeprofessional #financenews #tradingcareer #fintechstartup #financialeducation #tradingpsychology #riskmanagement #ProprietaryTrading #FinancialMarkets #InvestmentStrategies #RiskManagement #TradingSoftware #FinancialServices #MarketTrends #EconomicInsights #BusinessGrowth #ProfessionalNetworking

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