FINRA Creates COVID Task Force
FINRA has formed a task force for COVID related crimes. Greg Ruppert is the new head of the National Cause and Financial Crimes Detection Programs.
June 2020
AUD, Risk, EM Currencies Tank, Euro Tumbles, Equities Plunge; Risk-Off
Summary: The Australian Dollar’s star came tumbling down to earth as markets reversed risk sentiment sharply lower.
Wall Street to Tumble Down, Global Positive Rally Comes To Halt Over Fed Cues
Fears of renewed covid-19 breakout amid economic reopening activities, and FED cues made key markets in Asian and European regions to tumble with losses.
CFTC Announces $6 Million Whistleblower Award
CFTC announced it will award $6 million to a whistleblower who provided original information that led the CFTC to bring a successful enforcement action.
Canadian Securities Regulators Make It Easier for Portfolio Managers to Use Client Relationship Management Specialists
The Canadian Securities Administrators (CSA) announced steps to facilitate portfolio managers’ use of client relationship management specialists.
Federal Reserve issues FOMC statement
Federal Reserve issues FOMC statement which takes into account labor market conditions, indicators of inflation pressures and inflation expectations.
SEC Charges California Trader Engaged in Manipulative Trading Scheme Involving COVID-19 Claims
SEC today charged a penny stock trader in Santa Cruz, California, with conducting a fraudulent pump-and-dump scheme Involving COVID-19.
MAS Launches S$1.75 Million FinTech Innovation Challenge for a Covid-Resilient and Greener Financial Sector
MAS announced today the launch of a S$1.75 million MAS Global FinTech Innovation Challenge for a Covid-Resilient and Greener Financial Sector.
Wall Street to Open Positive, But Caution Lingers Ahead of Fed Update
The major focus of both local and global traders today is on US Fed monthly interest rate decision update and press conference.
CFTC Orders UK Company to Pay Over $490,000 for Registration and Supervision Violations
CFTC charges against Gain Capital UK Limited for failing to register as a retail foreign exchange dealer (RFED) and for supervision violations.
SET Announces Listed Companies that Meet Preliminary Criteria for SET Awards 2020
SET has announced 605 listed companies that meet the preliminary criteria for SET Awards 2020 scheduled to be organized at the end of the year.
APRA Releases Quarterly Authorised Deposit-Taking Institution Statistics for March 2020
APRA released Quarterly Authorised Deposit-taking Institution Performance and the Quarterly ADI Property Exposures publications for the March 2020.
SGX Reports Market Statistics for May 2020
SGX today released its market statistics for May 2020. The reopening of economies around the world lifted sentiment in equity markets.
ICE Clear Credit Announces Record Quarter and Expands Clearing for Corporate and Sovereign Single Name CDS
Intercontinental Exchange cleared a record amount of notional volume of CDS in 2020 and added clearing for 11 new corporate and sovereign single name CDS.
Also filing this week: Rick Steves, Karthik Subramanian and Abdelaziz Fathi.