A convicted fraudster who ran a Ponzi scheme from his bedroom in Devon has been ordered to pay £452,287 under confiscation proceedings brought by the Financial Conduct Authority. Daniel Pugh, 36, who is serving a seven-and-a-half-year prison sentence for defrauding investors of £1.3m, was issued with the order at Southwark Crown Court on June 5…

Primary dealers maintained their substantial fixed income exposures unchanged through the week ending 27 May, with aggregate net long positions across major asset classes holding firm at elevated levels that underscore continued confidence in the rate trajectory despite mounting concerns over fiscal sustainability and Treasury supply dynamics. The Federal Reserve Bank of New York’s latest…

Citadel Securities and HRT Financial have sharply increased their capital buffers over the past five years while Jane Street has pulled back, according to an analysis of regulatory filings that points to a significant reshaping of the US market-making landscape. Net capital data drawn from annual X-17A-5 filings with the Securities and Exchange Commission show…