July 2020
Wall Street to Continue Dovish Rally, Covid-19 Woes Outweigh Recovery Hopes
Global equities remain trapped in dovish price action as local news fails to build positive rally despite providing a boost in intra-day market activity.
Bank of Russia: Economic activity remains weak in May
Economic activity in Russia remained subdued in May, largely affected by the anti-coronavirus restrictions.
CFTC Announces Finalization of 2020-2024 Strategic Plan
The Commodity Futures Trading Commission (CFTC) today announced the finalization of the agency’s 2020-2024 Strategic Plan.
SEC Issues Agenda for July 16 Special Meeting of the Asset Management Advisory Committee
The Securities and Exchange Commission today released the agenda for the virtual July 16 special meeting of the Asset Management Advisory Committee (AMAC).
CFTC Charges California and Colorado Residents in Ongoing Multimillion-Dollar Ponzi Scheme
CFTC announced it has filed a civil enforcement action charging a number of individuals and entities with operating a Multimillion-Dollar Ponzi Scheme.
FCA Publishes Decision Notice Against Former Worldspreads CEO for Market Misconduct
FCA published a Decision Notice in respect of Conor Foley, the former CEO of Worldspreads, fining him £658,900 for market abuse and banning him.
First CFTC Enforcement Action Targeting Misconduct Directly Tied to COVID-19
CFTC has filed a complaint against James Frederick Walsh of Boca Raton, charging him with fraudulent solicitation and failure to register with the CFTC.
European Equities Tumble, Wall Street to Open Flat amid Virus Woes
Trump aid comments brew China-U.S. tensions, and Virus woes continue to dominate the market, as European market today saw major indices.
Focuses for Financial Reporting under COVID-19 Conditions
ASIC today provided further information on focus areas for financial reporting in the COVID-19 environment for years ending 30 June 2020.
SEC Adopts Amendments to Exemptive Applications Procedures
SEC adopts rule amendments to establish an expedited review procedure for exemptive and other applications under the Investment Company Act.
ASIC Issues No-action Position to Allow Right-of-Use Lease Assets to Count in Satisfying AFS Licensee Requirements
ASIC issued a temporary no-action position for AFS licensees in relation to potential breaches of the financial resource requirements.
CFTC Orders Illinois Resident and Broker to Pay Over $1.1 Million for Fraud and Additional Violations
CFTC issued orders filing and resolving charges for fraud, unauthorized and fictitious trading, and failing to supervise the handling of a customer account.
APRA Updates Regulatory Approach to Loans Subject to Repayment Deferral
Australian Prudential Regulation Authority (APRA) today announced an extension of its temporary capital treatment for bank loans with repayment deferrals.
Also filing this week: Rick Steves, Karthik Subramanian and Abdelaziz Fathi.