The companies, products and regulatory developments shaping the broker industry.
CXM and TD Markets describe continuing FSCA-regulated client arrangements, but regional versions of the acquisition announcement disagree about whether the deal had legally completed.
The FSCA names Discovery Online Trade Plus, Halifax Loans SA and individuals impersonating Aeon Investment Management in separate warnings, with no implication that the legitimate firms committed the alleged deception.
The FSCA action follows a provisional withdrawal in June. Mixirite disputed the investigation findings while not opposing the final withdrawal, according to Finance Magnates.
The two official accounts differ on completion language. TD Markets says the South African operating entity and existing client arrangements continue, while future platform additions remain plans.
The FSCA’s October action stops further financial services and new client funds while the investigation and the firm’s opportunity to respond continue.