Wirecard Complies with MAS Directions to Keep Customer Funds in Banks in Singapore
MAS said that Wirecard entities in Singapore have complied with MAS’ directions to hold customers’ funds in segregated accounts with banks in Singapore.
July 2020
BIS to establish Innovation Hub Centre in Stockholm
BIS, announced today to establish a BIS Innovation Hub Centre in Stockholm in collaboration with the central banks in Denmark, Iceland, Norway and Sweden.
Central banks a stabilising force in response to unprecedented crisis
Central banks a stabilizing force in response to unprecedented crisis and lender of last resort as they sought to mitigate the blow to the economy.
June 2020
Wall Street to See Muted Open on Record COVID-19 Victim Count, US-China Tensions Simmer
As the COVID-19 cases continue to rise on several key economies forcing them to re-enforce lockdown measures once again in the Global market.
CFTC Charges Chicago-Based Firm and Six Individuals in Multi-Million Dollar Options Fraud Scheme
CFTC announced the filing of a civil enforcement action against Chicago-Based firm and six individuals in Multi-Million dollar options fraud scheme.
CFTC Orders Illinois Firm to Pay $250,000 for Supervision Violations
CFTC issued charges against Cunningham Commodities, LLC, with its principal place of business in Illinois for Supervision Violations.
The Climate Financial Risk Forum Publishes Its Guide to Help the Financial Industry Address Climate-Related Financial Risks
The Climate Financial Risk Forum has published a guide written by industry for industry to help firms approach and address climate-related financial risks.
ASIC Bans Former Forex Capital Trading Pty Ltd Employee from Providing Financial Services
ASIC has banned Mr Steven Marsh, a former employee of Forex Capital Trading Pty Ltd, from providing financial services for a period of three years.
Coronavirus and CARES Act
Coronavirus pandemic and CARES Act Chair Jerome H. Powell Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C.
SEC Updates Filing Threshold to Rule 17h Reporting Requirements for Broker-Dealers
SEC issued an order to update the filing threshold for broker-dealers’ Form 17-H filings made pursuant to Exchange Act Rules 17h-1T and Rule 17h-2T.
Wall Street to Rebound as Second-Wave Fears Ease During the Weekend
Wall Street to rebound as Second-Wave fears ease during the weekend, hopes for economic recovery helped improve market risk appetite.
FCA Publicly Censures Redcentric PLC for Market Abuse
The FCA has today issued a public censure to Redcentric PLC (Redcentric) for committing market abuse between 9 November 2015 and 7 November 2016.
Telegram to Return $1.2 Billion to Investors and Pay $18.5 Million Penalty to Settle SEC Charges
SEC charges Telegram Group to resolve charges that Telegram's unregistered offering of digital tokens called "Grams" violated the federal securities laws.
Financial Exploitation of Seniors Rising
Chris Kelly is deputy head of FINRA and Sales Practice Enforcement and spoke about the spike in cases involving exploitation of senior investors.
Also filing this week: Rick Steves, Karthik Subramanian and Abdelaziz Fathi.