Saxo Capital Markets to pay $4M fine in Hong Kong for regulatory breaches
The Securities and Futures Commission (SFC) has reprimanded and fined Saxo Capital Markets HK Limited (SCMHK) $4 million.
Saxo Capital Markets
Exclusive: Saxo UK CEO Charles White-Thomson resigns
Replacing Charles White-Thomson as CEO of Saxo UK, at least on an interim basis, is Simon Camilleri.
ASIC oversees more than $17.4M in compensation to retail investors by CFD brokers, crypto firm
The CFD brokers include Capital Com Australia, CMC Markets Asia Pacific, Eightcap, IG Australia, Pepperstone, Saxo and StoneX.
Saxo Capital Markets amends target market determinations of some CFDs due to ASIC concerns
ASIC made eight interim stop orders on 16 May 2023, preventing Saxo Capital Markets (Australia) from issuing some new CFDs to retail clients.
Saxo Capital Markets HK enhances margin lending service
Saxo Capital Markets HK Limited announced the improvement of its margin lending service, which will offer a better client experience.
Saxo urges regulators and brokers to review PFOF practices
Saxo explains that it does not use Payment For Order Flow (PFOF) but instead executes equity orders using SOR technology.
