July 2020
SEC Charges VALIC Financial Advisors with Failing to Disclose Payments to Promote Services to Florida Educators
SEC today charged Houston-based VALIC Financial Advisors Inc. (VFA) in a pair of actions for failing to disclose to teachers and other investors.
SEC Announces Creation of the Event and Emerging Risk Examination Team in the Office of Compliance Inspections and Examinations and the Appointment of Adam D. Storch as Associate Director
SEC today announced the creation of the Event and Emerging Risks Examination Team (EERT) in the Office of Compliance Inspections and Examinations (OCIE).
REGULATOR’S COLUMN: What SGX RegCo Expects of Financial Reports Amid COVID-19
The interim financial reports may be the first reports on issuers’ financial performance since COVID-19 took hold and brought on various challenges.
ASIC Takes Action to Wind up Illegal Investment Scheme MyWealth Manager
The Federal Court has made orders to wind up MyWealth Manager, an unregistered managed investment scheme (the Scheme) which is illegal.
Wall Street To Edge Lower on Stimulus Talks, 3M, McD & AMD Earnings in Focus
Focus continues to remain on stimulus talks. While promise for 5th stimulus package keeps risk sentiment well supported, the deadline looms close.
FINTRAC Guidance Related to the Ministerial Directive on Financial Transactions Associated with the Islamic Republic of Iran Issued on July 25, 2020
This guidance is related to the Ministerial Directive (MD) issued by the Minister of Finance that was published in the Canada Gazette.
Agencies Adopt Final Rule on the Orderly Liquidation of Covered Broker-Dealers under Title II of the Dodd-Frank Act
SEC and FDIC have adopted a final rule required by the Dodd-Frank Act clarifying and implementing provisions relating to the orderly liquidation.
SEC Charges Trustify Inc. and Founder in $18.5 Million Offering Fraud
SEC today charged Trustify Inc. and its founder and CEO Daniel Boice with fraudulently offering and selling over $18.5 million of securities.
CFTC Awards Approximately $9 Million to Whistleblower
CFTC announced an award of approximately $9 million to a whistleblower whose credible tip led the Commission to bring a successful enforcement action.
J.P. Morgan Asset Management Joins ICE ETF Advisory Committee
Intercontinental Exchange announced that JP Morgan Asset Management has joined the ICE ETF Hub advisory committee as a development partner for the platform.
IBF and MAS Launch Skills Map to Enhance Capabilities of Family Office Advisors
IBF and MAS launched skills map for family office advisors to deepen specialist skillsets to serve Singapore’s growing family office ecosystem.
July 27, 2020 – FINTRAC Advisory : Financial transactions related to countries identified by the Financial Action Task Force (FATF)
FATF issued a statement on high-risk jurisdictions subject to a call for action and a statement on jurisdictions under increased monitoring.
Bank of Russia: Non-discriminatory access to data: outcomes of report discussion
emerged following a discussion of the Bank of Russia consultation report ‘Non-discriminatory access to individuals’ data in the financial market’.
Central Bank of Ireland: SME Market Report 2020 highlights the challenges faced by firms as a result of Covid-19
The Central Bank of Ireland has today published its SME Market Report for 2020 with a special focus on the challenges to firms posed by Covid-19.
Bank of England: The Working Group on Sterling Risk-Free Reference Rates
Bank of England: The Working Group on Sterling Risk-Free Reference Rates.
Also filing this week: Rick Steves, Karthik Subramanian and Abdelaziz Fathi.