StoneX Hires SWIFT’s Edward Phelps as Head of Sales Strategy
StoneX Global Payments, a subsidiary of the StoneX Group which specializes in cross-border payments to developing countries, has hired Edward Phelps, a former SWIFT employee, as its Head of Sales Strategy. Phelps, who left SWIFT after over five and a half years, announced his new role on Friday. Phelps brings about a decade of experience […]
NFA Fines StoneX Markets $1M for Compliance Failures
The National Futures Association (NFA) has fined swap dealer member StoneX Markets LLC, a subsidiary of StoneX Group, $1 million for multiple charges of compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a […]