June 2020
Riksbank: SEK 5.5 billion in invalid banknotes – redeem them before the fee is raised
These are banknotes that became invalid during the changeover in 2015-2017.
SEC Charges Issuer, CEO, and Lobbyist With Defrauding Investors in AML BitCoin
SEC charged NAC Foundation, its CEO Marcus Andrade, and political lobbyist Jack Abramoff with conducting a fraudulent, unregistered offering of AML BitCoin.
SEC Charges Novartis AG with FCPA Violations
SEC announced that Novartis AG has agreed to pay over $112 million to settle charges that it violated the books and records of FCPA.
SG Americas to Pay $3.1 Million to Settle Charges of Providing Deficient Blue Sheet Data
SEC today announced settled charges against broker-dealer SG Americas Securities LLC for failing to provide deficient Blue Sheet Data.
ASIC Publishes New Regulatory Guidance for Mortgage Brokers
ASIC has published regulatory guidance to assist in the application of the new best interests duty for mortgage brokers, which comes into effect in 2021.
MAS Consults on Environmental Risk Management Guidelines for Financial Institutions
MAS issued a set of three consultation papers on its proposed Guidelines on Environmental Risk Management for banks, insurers and asset managers.
Rise in Investment Scams During COVID-19 Pandemic
ASIC has seen a rise in the number of investment scam reports from Australian consumers and investors during the COVID-19 (coronavirus) pandemic.
Wall Street under Pressure as Covid-19 Outbreak Escalates
Wall Street under pressure over the fears of another lockdown over the renewed escalation in the COVID-19 outbreak weighs down investor sentiment.
Canadian Securities Regulators Collaborate to Protect Investors and Enforce Securities Law: CSA Fiscal Year 2019/20 Enforcement Report
CSA released its fiscal year Enforcement Report, outlining how securities regulators are protecting investors and the integrity of Canada’s capital markets.
Former Melbourne Director Avrohom Kimelman Charged with Insider Trading
Former director Mr Avrohom Kimelman appeared on 23 June 2020 in the Magistrates’ Court of Victoria at Melbourne charged with insider trading offences.
Agencies release list of distressed or underserved nonmetropolitan middle-income geographies
announced the availability of the 2020 list of distressed or underserved nonmetropolitan middle-income geographies.
Wall Street to Open Lower Spurred by IMF Forecast, Virus Woes
Global equities see mixed activity with a high level of dovish bias as COVID-19 cues and growth forecasts foreshadow a strong economic decline.
Also filing this week: Rick Steves, Karthik Subramanian and Abdelaziz Fathi.