Massachusetts securities regulators on Thursday asked that Robinhood Financial's registration as a broker-dealer in the state be revoked, saying Robinhood has “continued a pattern of aggressively inducing and enticing trading among its customers."
The Bank of Japan on Monday started studying the feasibility of issuing its own digital currency, joining other central banks in the effort to equal the innovation in the field achieved by the private sector, Reuters reported.
The World Federation of Exchanges today released research on market circuit breakers used amid recent COVID-19-related volatility. Among the findings: 67% of the exchanges studied said circuit breakers were hit in March 2020 and 30% are reviewing their calibrations.
The FCA today said it plans to ease certain rules for SPACs after a four-week consultation period. London stakeholders have complained current U.K. regulations leave them unable to compete in the SPAC marketplace versus U.S. and EU firms.
The Treasury Department and the European Union issued a statement on last week's U.S.-EU Joint Financial Regulatory Forum calling for continued global cooperation on a number of issues, including efforts to mitigate financial stability risks related to COVID-19.
Global fintech firm Broadridge today announced it agreed to acquire Itiviti Holding AB, a provider of trading and connectivity technology to the capital markets sector, in an all-cash transaction valued at $2.5 billion, pending regulatory approvals.