CMC Markets: “Person Closely Associated” with Deputy CEO Offloads £252K in Shares

Victoria Fineberg, a “person closely associated” with CMC Markets’ Deputy CEO, David Fineberg, has sold about £252,000 worth of shares in the London-listed broker this week, according to the latest RNS filings by the company via the London Stock Exchange.

She sold the 100,000 CMCX shares over four sessions, starting last Monday.

The Struggling CMCX Shares

Meanwhile, the Deputy CEO of CMC Markets continues to acquire shares in the brokerage. According to previous RNS filings, he acquired over £420,000 worth of CMCX shares last March under his personal self-invested pension plan account. He has also continued to receive a small amount of CMCX shares regularly under the company’s incentive plan.

CMC Markets shares have lost about 13 per cent of their value since the company published its last fiscal year’s financials. Although the company’s pre-tax profit jumped by 33 per cent to £84.5 million in FY25, its performance in the fourth quarter of the fiscal year remained weak.

The Founder Remains the Largest Shareholder

Peter Cruddas, CMC Markets’ founder and CEO, remains the largest shareholder in the company, holding about 64 per cent of the stake. David Fineberg, on the other hand, holds less than one per cent.

Institutional investors, led by Aberforth and Schroders, hold significant minority stakes of about 5 per cent each. The combined institutional ownership in the company is roughly 20 to 25 per cent, with the rest held by retail investors, employees, and others.

CMC offers retail trading services and also has an institutional division offering liquidity and technology to others who want to provide trading services. One of the most prominent platforms offering CFDs trading with CMC’s white label is Revolut. Last year, New Zealand's ASB Bank, a major financial institution in the country with around 1.5 million customers, also partnered with CMC Markets for its white-label technology.

Read more: CMC Connect Breaks Down CFDs Deal with Revolut

The London-headquartered company is now also pushing into new-age technology. It recently launched a third segment, covering Decentralised Finance (DeFi) and Web 3.0 capabilities. The new business line is backed by the broker's offerings in crypto trading, digital asset treasury, and payment capabilities. It also acquired a controlling stake in blockchain platform StrikeX.