The companies, products and regulatory developments shaping the broker industry.
Firms reported 2,043 complaints in the combined category for H1 2026, up from 1,331 in H2 2025. The published grouping does not reveal which product, firm or problem drove the increase.
ESMA’s fund-cost study separates distribution’s share of total costs from inducements’ share of ongoing product costs. Maximum entry charges, actual payments and broker-level fees answer different questions.
The January 2022–September 2025 comparison covers a defined subset of barrier certificates. Its four categories show different returns, while residual-value assumptions and excluded fees limit what investors can infer.
The change requires separate confirmations from the ETF agent and an NSCC-member authorised participant. The US$15 billion and 98% checks already exist; implementation and legal effectiveness are different dates.
The approved reform ties eligible cash interest to IORB less a charge, broadens potential Federal Reserve custody and excludes cross-margin cash. The clearing member is the recipient named in the rules.
A capital-based margin add-on and a conditional loss test support OCC’s wider product-eligibility framework. Its current guidance distinguishes overnight index products from early-morning equity and ETF options.
FINRA’s US$800,000 settlement describes failures in customer identification and small-cap IPO monitoring. A separate 2025 ticket-recording case adds context without proving one common scheme.
A reconstruction of ASIC’s 52-firm review establishes a minimum breadth of reform across five control areas. At least 11 issuers must have changed all five, but the report does not identify them or measure resulting client benefits.
The current securities pricing procedure repeats one rate and closing valuation through the weekend, including Sunday’s reopening. The adjustment band is not a cap on the funding rate.
ESMA’s 2025 survey shows why licence counts give an incomplete picture of European cross-border investing: 20 of 379 firms account for 91% of reported client relationships.
The November notes start with $300 million exposed to SOFR. Scheduled resets raise that amount to $1.6 billion in 2029, before the 2030 maturities and a separate 2033 reset change it again.
A reconstruction of the CFTC’s September 2025 and September 2026 tables finds a 6.95% fall across six firms. GAIN and OANDA account for 83.9% of the net decrease, while tastyfx gained share.
The $575,000 settlement records an access-control policy still unestablished in fiscal 2023 after earlier examination findings. It also records consultants appointed in 2024 and additional policies established from March 2025.
Market Watch 86 identifies weak thresholds, restrictive alert-closure decisions and gaps in oversight. The FCA also reports better suspicious-transaction reports after remedial action.
The review found generally resilient UK trading infrastructure alongside gaps in dependency mapping, supplier testing and exit plans. It links recovery to the complete business service brokers rely on.