Latest Regulatory Announcements
CFTC Orders Former Virtual Currency Trader to Pay More than $1.1 Million for Fraudulent Bitcoin and Litecoin Scheme
The Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against Joseph Kim (Kim), of Phoenix, Arizona, requiring Kim to pay more than $1.1 million for a fraudulent Bitcoin and Litecoin scheme.
World Economic Forum Joins the Paris Call for Trust and Security in Cyberspace
World Economic Forum to support initiative for open, secure, stable, accessible and peaceful cyberspace
What Are We Learning about Artificial Intelligence in Financial Services?
Although it is still early days, it is already evident that the application of artificial intelligence (AI) in financial services is potentially quite important and merits our attention.
Siddharth Tiwari joins BIS as Chief Representative for Asia and the Pacific
The Bank for International Settlements (BIS) today announced that Siddharth Tiwari has joined the BIS as Chief Representative for Asia and the Pacific.
IIROC to Begin Publishing Bankers’ Acceptance Rates
Effective January 2019 the Investment Industry Regulatory Organization of Canada (IIROC) will begin publishing transaction-based one- and three-month Bankers’ Acceptance (BA) rates.
Financial Stability Between Aspiration and Reality – How Predictable is the Next Crisis?
Opening Statement by Felix Hufeld, President of the Federal Financial Supervisory Authority (BaFin), at the Opening Conference of the 21st Euro Finance Week on 12 November 2018 in Frankfurt am Main.
Financial Regulation in a Digital World
A speech by John Price, Commissioner, Australian Securities and Investments Commission at the Monash Centre For Commercial Law and Regulatory Studies Symposium, (Melbourne, Australia) 12 November 2018
Stock Research Firm and Co-Founders Charged With Deceiving Investors in Supposedly Unbiased Reports
The Securities and Exchange Commission today charged a stock research firm and its co-founders with defrauding investors by issuing reports purportedly based on “unbiased” and “not paid for” research when in reality they received thousands of dollars from issuers as a condition to providing each report.
Investor Testing of the Proposed Relationship Summary for Investment Advisers and Broker-Dealers
In connection with our ongoing efforts to help address investor confusion about the nature of their relationships with investment advisers and broker-dealers, the SEC’s Office of the Investor Advocate today made available a report on investor testing conducted by the RAND Corporation.
Court Orders Penalties and Other Relief Against Westpac for BBSW Conduct
The Federal Court of Australia today ordered Westpac Banking Corporation (Westpac) pay a pecuniary penalty of $3.3 million for contravening s12CC of the Australian Securities and Investments Commission Act 2001 (Cth) (ASIC Act) through its involvement in setting BBSW in 2010.
Citibank to Pay More Than $38 Million for Improper Handling of ADRs
The Securities and Exchange Commission today announced that Citibank N.A. has agreed to pay $38.7 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs).
ASIC Cancels AGM Markets Licence for Unconscionable Conduct and Unmanaged Conflicts of Interest
ASIC has cancelled the Australian financial services (AFS) licence of the retail OTC derivative issuer, AGM Markets.
SEC Charges ITG With Misleading Dark Pool Subscribers
The Securities and Exchange Commission today announced that ITG Inc. and its affiliate AlterNet Securities Inc. have agreed to pay $12 million to settle charges arising from ITG’s misstatements and omissions about the operation of the firm’s dark pool, POSIT, and ITG’s failure to establish adequate safeguards and procedures to protect POSIT subscribers’ confidential trading information.
SEC Charges EtherDelta Founder With Operating an Unregistered Exchange
The Securities and Exchange Commission today announced settled charges against Zachary Coburn, the founder of EtherDelta, a digital “token” trading platform.
Federal Reserve Board on November 28 Intends to Begin Publishing Semiannual Report Presenting Board’s Assessment of Financial Stability Conditions
The Federal Reserve Board on November 28 intends to begin publishing a semiannual report presenting the Board’s view of the outlook for U.S. financial stability.
National Survey: Investors Support Proposed IIROC Enforcement Alternatives
A majority of Canadian investors surveyed for the Investment Industry Regulatory Organization of Canada (IIROC) support the regulator’s proposals to provide alternative approaches to enforcement that would encourage early settlement of disciplinary cases and divert minor rule violations away from lengthy hearings.
IIF and EY Release Ninth Annual Global Bank Risk Management Survey
Risk Management Function Must Evolve to Become Trusted Advisors as Banks Reinvent Themselves
After Gold Price Recovery: Rising Demand for Xetra-Gold
The gold price, which has been rising again since the end of September, has also significantly increased the demand for Xetra-Gold (ISIN: DE000A0S9GB0)
London Stock Exchange Group Launches Reports on African Capital Markets
London Stock Exchange Group (LSEG) launches its series of reports on African capital markets, which were developed as part of its London Africa Advisory Group (LAAG).
CME Group to Host 11th Annual Global Financial Leadership Conference
CME Group (Nasdaq: CME), the world’s leading and most diverse derivatives marketplace, today announced it will host the 11th annual Global Financial Leadership Conference(GFLC) Nov. 12-14, at the Ritz-Carlton Beach Resort in Naples, Fla.
