June 2020
Insurance Company Settles SEC Charges for Failing to Disclose Executive Perks
The Securities and Exchange Commission - SEC today announced settled charges against Bermuda-based insurance company Argo Group International Holdings, Ltd.
Canadian Securities Regulators Implement Mandatory Transparency of Debt Markets
CSA today finalized mandatory post-trade transparency requirements for government debt securities and expanded transparency for corporate debt securities.
CSA Expands IIROC’s Role as Information Processor for Debt Securities
IIROC welcomed CSA's decision to expand IIROC’s role as IP of govt. debt securities, in addition to its current role as IP for corporate debt securities.
SEC Awards Record Payout of Nearly $50 Million to Whistleblower
SEC today announced a nearly $50 million whistleblower award to an individual who provided detailed, firsthand observations of misconduct by a company.
Former CEO and Director of Sirtex Medical Limited Sentenced for Insider Trading
Mr Gilman Edwin Wong, the former CEO and Director of Sirtex Medical Limited, has been sentenced having pleaded guilty to an offence of insider trading.
FINRA Explains Gateway Transition
FINRA hopes upgrades in its compliance portal will leverage technology.
ASIC Further Suspends the AFS Licence of BBY Ltd
ASIC has extended the suspension of the Australian financial services (AFS) licence held by BBY Limited (BBY) until 30 June 2021, effective 27 May 2020.
KiwiSaver Investors to See How Much They May Have in Retirement
KiwiSaver investors will see how much money their KiwiSaver investments could provide at age 65, in Retirement when they open their annual statements.
European Equities Consolidate Recent Gains, Wall Street to Edge Lower at Open
While there were gains on a rally led by hopes for economic recovery, delay in US states reopening their economies has caused the gains to evaporate.
Intercontinental Exchange Reports May Statistics
Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of data and listings services reported May statistics.
Additional Loan and Cashflow Support for Landlords and Businesses Affected by COVID-19
MOF, IRAS, ESG, and MAS announced a package of measures to support landlords that may face cash flow constraints under the COVID-19.
FCA Confirms Guidance for Insurance Firms on Assessing Product Value
FCA is today confirming guidance for insurance firms to consider the impact of coronavirus (Covid-19) on the value of their insurance products.
Wall Street to Open Positive on Recovery Hopes, US PMI’s & BOC Interest Rate Decision in Focus
Global equities continue to enjoy positive price action and risk sentiment led by hopes for economic recovery is abundant across Asian and European markets.
CFTC Charges Kentucky Man in Multi-Million Dollar Fraud Scheme
CFTC announced filing of a civil enforcement action charging him with fraud in connection with soliciting clients to trade S&P commodity futures contracts.
CAD, MAS and ACRA Commence Joint Investigation into Hyflux
CAD of the Singapore Police Force, MAS and ACRA have launched a joint investigation into Hyflux Ltd (Hyflux) and its current and former directors.
Also filing this week: Rick Steves, Karthik Subramanian and Abdelaziz Fathi.