FCA bans former Vector Wealth chief executive who fronted for a disqualified director
The FCA has banned and fined Jeffrey Dawkins, who it says let a disqualified director run Vector Wealth to sell mini-bonds. Investors are expected to lose about £4 million.
SEC files final judgment against Benjamin Conde in alleged penny stock manipulation scheme
The proposed judgment would impose a penny stock bar and $2,778,821.69 in disgorgement and interest over an alleged 2017 boiler-room and wash-trading scheme in Renewable Energy and Power shares.
SEC settles with estate of fund manager accused of losing investors' money trading
The SEC alleges Chirayu Vijay Patel pooled about $10 million from more than 40 investors, lost over $7 million trading and hid it with false statements. His estate has settled.
CySEC fines Titanedge Securities €100,000 over client information and unlicensed advice
Cyprus's regulator has fined the investment firm for misleading client information, giving investment advice without authorisation and lacking adequate compliance procedures in 2023 and 2024.
Markets digest, 16 October 2026: US stocks fall as the VIX rises to 19.99
The S&P 500 closed at 7,659.44 and the Dow at 52,002.41, both lower. The VIX rose to 19.99 and Bitcoin ended Friday at $81,475.05 on Coinbase, while the euro firmed to 1.1253 dollars.
Markets digest, 19 October 2026: S&P 500 and Nasdaq rise as the VIX eases to 18.44
The S&P 500 closed at 7,690.73 and the Nasdaq Composite at 26,430.890, both higher, while the Dow slipped. The VIX fell to 18.44 and the euro eased to 1.1225 dollars.
ESMA counts more than 950 sanctions and almost €82 million in fines across the EEA
ESMA's third sanctions report shows market abuse and MiFID breaches still drive most EU enforcement, with Germany, France and Spain behind two thirds of the fines. It calls for more consistent enforcement.
ESMA completes EU T+1 rulebook with a year to go before the switch
ESMA published its final guidance for the EU's move to T+1 settlement on 11 October 2027 and told firms to start testing. New allocation and confirmation rules apply from 7 December 2026.
Jarvis Investment Management enters special administration, FCA says
The FCA-authorised firm entered special administration on 14 October. Clients cannot trade or use their money and assets while the administrators plan how to return them.
Markets digest, 15 October 2026: US stocks close higher as the VIX eases
The Dow rose to 52,177.69 and the S&P 500 to 7,744.06. Bitcoin closed at $82,140.24 on Coinbase, and the EIA reported an 8.6 million barrel fall in US commercial crude stocks.
Markets digest, 9 October 2026: stocks and Bitcoin rise as the VIX eases
The S&P 500 closed at 7,811.54 and the Dow at 51,654.95. Bitcoin rose to $82,543.30 on Coinbase, and the EIA reported Gulf of Mexico oil output shut in ahead of Hurricane Isaias.
Markets digest, 12 October 2026: Bitcoin and the Nasdaq slip as the Dow edges up
The S&P 500 closed at 7,807.24 and the Dow rose to 51,850.55. Bitcoin fell to $81,782.78 on Coinbase, and the FSB sent the G20 a note on cross-border gaps in stablecoin oversight.
SEC wins final judgments against five in alleged microcap boiler-room scheme
The SEC has obtained final judgments and penny stock bars against five defendants it says ran a high-pressure call centre that generated more than $58 million in trading proceeds.
SEC charges two former Linqto executives over pre-IPO investment platform
The SEC alleges William Sarris and Joseph Endoso misled retail investors who bought more than $430 million of pre-IPO investment vehicles through Linqto's online platform.
ECB account shows all members backed September rate rise with no guidance on next steps
The ECB's account of its 9–10 September meeting shows unanimous support for raising the deposit facility rate to 2.50%, and agreement that communication should stay neutral on the rate path.
Markets digest, 8 October 2026: Nasdaq and Bitcoin fall as the Dow edges up
The S&P 500 closed at 7,765.36 and the Nasdaq Composite at 27,193.340. Bitcoin fell to $81,657.19 on Coinbase, and the ECB's euro reference rate rose to 1.1186 dollars.
Fed minutes: most officials saw another rate rise as likely by year end
Minutes of the Federal Reserve's 15–16 September meeting, released on 7 October, show most participants judged that a further increase in the federal funds target range would likely be appropriate by the end of the year.
Markets digest, 7 October 2026: Bitcoin and Ether fall as the euro eases
The S&P 500 closed at 7,801.77 and the Dow at 51,179.87. Bitcoin fell to $83,239.49 on Coinbase, and the ECB's euro reference rate eased to 1.1177 dollars.
CFTC staff clear a path to true perpetual futures on broad-based stock indices
A CFTC no-action letter lets US futures exchanges remove expiry dates from perpetual-style broad-based security index futures, subject to customer protection conditions. The relief expires on 20 October 2026.
Markets digest, 6 October 2026: US stocks close higher as the euro firms
The S&P 500 closed at 7,818.93 and the Dow at 51,521.28. Bitcoin ended slightly lower on Coinbase, and the ECB's euro reference rate rose to 1.1269 dollars.
FINRA Foundation study finds only 18% of investors understand risk at an advanced level
Research released for World Investor Week says most investors know the basics but not margin, short selling or option payoffs, and that a little knowledge was linked to the highest willingness to back a fraud-like offer.
Markets digest, 2 October 2026: US stocks close higher as the VIX eases and the euro slips
The S&P 500 closed at 7,722.72 and the VIX fell to 15.31. Bitcoin ended slightly lower on Coinbase, and the ECB's euro reference rate fell to 1.1225 dollars.
ECB's Pontes now settles tokenised trades in central bank money, with 24/7 hours planned
Pontes went live on 21 September 2026. ECB board member Isabel Schnabel set out its next steps in London on 1 October, and the Governing Council published its go-live record on 2 October.
SEC charges two men over alleged $8.7 million options-fund fraud aimed at veterans
The SEC alleges Christopher Kenji Dinelli and Jacob David Frankel claimed returns of up to 153% for an options trading fund that kept losing money, and misappropriated investor funds.
US payrolls rise by 29,000 in September as unemployment holds at 4.2%
BLS data show employment changed little in September, and July and August payrolls were revised down by a combined 60,000. Hourly pay rose 3.0% over 12 months.
Markets digest, 1 October 2026: stocks and Bitcoin edge higher as the euro slips against the dollar
The S&P 500 closed at 7,666.45 and Bitcoin at $84,759.64 on Coinbase, both higher. The ECB's euro reference rate fell to 1.1298 dollars.
Markets digest, 30 September 2026: Dow and S&P 500 slip as US commercial crude stocks rise
The Dow closed at 50,906.05 and the S&P 500 at 7,651.54, both lower, while the Nasdaq rose. EIA reported a small build in US commercial crude stocks.
SEC staff seek comment on exchanges that own affiliated broker-dealers
The SEC's trading and markets staff are asking for views on exchanges with affiliated brokers, after four new security futures exchanges disclosed links to futures commission merchants.
How a US stock order gets filled: exchanges, wholesalers and payment for order flow
When you tap buy, your broker decides where the order goes. Much US retail flow never reaches an exchange. Here is how routing, the NBBO and payment for order flow work, and which public reports let you check your broker.
SEC charges Cryptoaiml and TSAI entities over alleged WhatsApp and AI trading-bot scams
The SEC alleges four overseas-linked entities took more than $15 million from hundreds of retail investors with fake trading platforms, bogus AI signals and bots, and forged SEC filings.
SEC proposes wider retail access to private-market strategies and new routes to accredited investor status
The SEC voted to propose rule changes on performance fees, interval funds and fund share classes, and asked whether an exam or credentials such as the CFA should make someone an accredited investor.
Spot bitcoin and ether ETFs: what the SEC approvals changed for traders
Since January 2024, US investors have been able to buy exchange-listed shares in trusts that hold bitcoin, and later ether. Here is what the SEC actually approved, how the funds work, and how owning a share differs from owning the coin.
SEC Issues “Innovation Exemption” to Facilitate the Trading of Tokenized NMS Stock and Request for Comment
The SEC grants temporary, conditional exemptions letting Tokenized Securities Venues trade tokenized NMS stock through permissioned automated market makers, with limits on symbols and volume and a five-year sunset.
Stock Around the Clock: Remarks at the Roundtable on Preparations for 24-Hour Trading
SEC Commissioner Hester Peirce opens the SEC’s roundtable on extended-hours equity trading, pointing to FX and crypto markets and posing questions on best execution, issuers and overnight sessions.
Before you copy a trader: a practical checklist
Copy trading hands your trading decisions to someone else. Track record, drawdown, fees, slippage and regulation all deserve a look before you connect your account.
Statement on Rule Amendments Regarding Disclosure of Order Execution Information
SEC Commissioner Mark Uyeda backs expanding Rule 605 execution-quality reports to larger broker-dealers, and argues the Order Competition Rule and Regulation Best Execution should wait for the new data.
Updated Investor Bulletin: Leveraged and Inverse ETFs
The SEC’s investor-education office on why leveraged and inverse ETFs that reset daily can drift far from their stated multiple over longer periods, with worked examples and questions to ask first.
Social Media and Investment Fraud – Investor Alert
The SEC’s investor-education office on how fraudsters use social media: impersonation, “crypto” scams, romance scams, pump-and-dumps, scalping, touting and affinity fraud, and how to check who you are dealing with.
Investor Bulletin: Understanding Margin Accounts
The SEC’s investor-education office on how buying on margin works, from initial and maintenance margin to margin calls, forced sales, interest, securities lending and FINRA’s new intraday margin rules.
Investor Alert: Thinking About Investing in the Latest Hot Stock? Understand the Significant Risks of Short-Term Trading Based on Social Media
The SEC’s investor-education office on short-term trading in volatile, heavily promoted stocks: bubbles, momentum and noise trading, margin, options and short sales, Limit Up-Limit Down pauses and manipulation.
Statement of Acting Chair Lee and Commissioners Peirce, Roisman, and Crenshaw Regarding Recent Market Volatility
The SEC’s commissioners on the extreme price swings in certain stocks in late January 2021: market infrastructure proved resilient, and the Commission will review actions by regulated entities that limit trading.
Remarks at the SIFMA Equity Market Structure Conference: The Dynamics of our Markets and the Changing Structure on which they are Built
SEC Commissioner Elad Roisman opens the 2019 “Equity Market Structure Season” by asking whether best execution needs clearer guidance and whether the Order Protection Rule still fits a market of 13 exchanges.
An Introduction to Options – Investor Bulletin
The SEC’s investor-education office explains listed stock options: calls and puts, strike prices, premiums and expiry, worked examples of each, and the risks to option holders and writers.
Retired Business Men in the Stock Market
Four consecutive sections of Henry Howard Harper's The Psychology of Speculation (1926): a retired Boston leather merchant sells short into the 1915 war boom, and nobody loves a bear.
Chapter I: A Job as Quotation-Board Boy
The opening chapter of Edwin Lefèvre's Reminiscences of a Stock Operator (1923): a quotation-board boy learns to read the tape and beats the bucket shops until they refuse his business.
Chapter V: The Average Ticker Hound
Chapter V of Edwin Lefèvre's Reminiscences of a Stock Operator (1923): the tape-worm's blind spot, old Partridge's "it's a bull market, you know", and why sitting tight made the big money.
What and When to Buy and Sell
Part 2 of J. J. Butler's Successful Stock Speculation (1922): five short chapters on what stocks to buy and to avoid, when to buy, when to stay out, and when to sell.
The Bear and Short Selling
Chapter III of W. C. Van Antwerp's The Stock Exchange from Within (1913): a New York stockbroker's defence of the bear, how a short sale is borrowed and covered, and short selling as insurance in cotton and wheat.
The Speculative Cycle
Chapter I of G. C. Selden's Psychology of the Stock Market (1912), tracing the typical cycle from a dull, neglected market through the public's rush to buy, the top, and the slide back to lethargy.
How to Make Money in Wall Street
Chapter III of Henry Clews's Fifty Years in Wall Street (1908): the old veterans who buy only in panics, Rothschild's "I buys sheep and sells dear", and why barroom tips end in loss.
The Cycles of Speculation
Chapter II of Thomas Gibson's The Cycles of Speculation (1907): why stock prices top out before business does, a roll-call of American crises from 1814 to 1903, and the ten-year rhythm of greed and folly.