The companies, products and regulatory developments shaping the broker industry.
Marex's third-quarter release reveals that roughly 86% of incremental nine-month revenue came from trading income, as gross assets increased $12.7bn against a restated prior-year balance sheet.
SIX Exchange Regulation says ASMALLWORLD misclassified cash flows in its 2025 accounts and repeatedly omitted a required email push for an ad hoc board-change announcement. The sanction notice is not yet legally binding.
Each company paid an infringement notice of A$198,000 over alleged late 2025 reports; payment does not constitute an admission of guilt or liability.
The priorities sharpen scrutiny of funding commitments, cash availability and debt changes. Separately published enforcement cases show how adjusted earnings can misrepresent financing income and the recovery of earlier losses.
September’s releases show stronger trading activity and a sharp rise in adjusted profit. The annual accounts explain why that growth needs a separate reading from the statutory result.
An October joint statement demands stronger evidence and follow-through from management, audit committees and auditors. The existing trading-suspension exception remains, while future rule changes are conditional on improvement.