Latest Regulatory Announcements
Intercontinental Exchange Announces Record Trading Across Multiple Contracts
Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today noted significant records in trading across multiple contracts on ICE Futures on September 16, 2019.
Results of 2019 Bank for International Settlements Triennial Survey of Foreign Exchange and Derivatives Market Turnover
The Bank for International Settlements published yesterday (16 September 2019) the results of the 2019 Triennial Survey of Foreign Exchange and Derivatives Market Turnover1. Hong Kong advanced one place and ranked third globally in terms of over-the-counter (OTC) interest rate derivatives turnover. It continued to be the fourth largest global foreign exchange market.
Two Broker-Dealers to Pay $4.65 Million in Penalties for Providing Deficient Blue Sheet Data
The Securities and Exchange Commission today announced that Stifel, Nicolaus & Co., Inc. has agreed to pay $2.7 million and BMO Capital Markets Corp. has agreed to pay $1.95 million to settle charges for providing incomplete and inaccurate securities trading information to the SEC.
CFTC Charges Former Head of International Binary Options Scheme with $10 Million Fraud
The U.S. Commodity Futures Trading Commission filed a civil enforcement action in the U.S. District Court for the Northern District of Ohio, charging Jared J. Davis of Ohio with fraud relating to a international binary options business he created and operated.
SEC Charges Silicon Valley-Based Issuer With Misleading Disclosure Violations
The Securities and Exchange Commission today announced that Marvell Technology Group, Ltd. will pay $5.5 million to settle charges that it misled investors when it engaged in an undisclosed revenue management scheme in order to meet publicly-issued revenue guidance.
Opportunity for all Kiwis in Capital Markets 2029 report
NZX and the Financial Markets Authority (FMA) today welcomed the release of the Capital Markets 2029 report, saying the 10-year vision and growth agenda would create more opportunities for Kiwis to grow personal wealth, help New Zealand businesses to prosper, and help future-proof the country’s economy.
Tradeweb Markets and ICE Benchmark Administration Launch Tradeweb Ice U.S. Treasury Closing Prices
Tradeweb Markets Inc. (Nasdaq: TW), a leading global operator of electronic marketplaces for rates, credit, equities and money markets, and Intercontinental Exchange, Inc. (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced the launch of Tradeweb ICE U.S. Treasury Closing Prices by Tradeweb and ICE Benchmark Administration Limited (IBA).
CFTC Charges Trading Systems Firm and its Principal with Solicitation Fraud and False Statements
The U.S. Commodity Futures Trading Commission today filed a civil lawsuit in the U.S. District Court for the Southern District of New York against Canadian resident Simon Jousef and his business FuturesFX. The defendants are charged with fraudulently soliciting people, in the U.S. and abroad, to subscribe to a trading systems that included a supposedly “live” foreign exchange (forex) and commodity futures online trading room, educational videos, and online support (trading system). In addition, the CFTC’s complaint charges Jousef with making false or misleading statements to the National Futures Association (NFA).
Merrill Lynch Ordered to Pay $300,000 Penalty for Failing to Promptly Produce Audit Trail Data
The U.S. Commodity Futures Trading Commission today issued an order filing and settling charges against Merrill Lynch, Pierce, Fenner & Smith Incorporated (Merrill Lynch), a registered futures commission merchant, for failing to promptly produce to the CFTC certain required records and, separately, failing to supervise its employees and agents to ensure that they fulfilled the firm’s statutory and regulatory obligations to keep and promptly produce such records.
CFTC Charges Unregistered Forex Trading Firm and Its Principal with Fraud and Misappropriation
The U.S. Commodity Futures Trading Commission has filed a civil enforcement action in the Southern District of New York against defendants Dominick Vincent Carducci and his company VOS Capital Management, LLC (VOS Capital), both of South Carolina.
CFTC’s Global Markets Advisory Committee to Meet on September 24
At this meeting, the GMAC will hear presentations on developments regarding the implementation of margin requirements for non-centrally cleared derivatives and on the European Market Infrastructure Regulation (EMIR) 2.2, including responses to the consultation by the European Securities and Markets Authority (ESMA) on various aspects of EMIR 2.2 affecting third-country central counterparties (CCPs).
CFTC Orders Registrant to Pay $1.25 Million for Fraud, Unauthorized Trading, and Violating Speculative Position Limits in Live Cattle Futures
The U.S. Commodity Futures Trading Commission today issued an order filing and simultaneously settling charges against Nathan Harris, a CFTC registrant, of Akron, Iowa, for fraud, unauthorized trading, and violating speculative position limits in live cattle futures contracts. The order imposes a civil monetary penalty of $1,250,000 and permanent restrictions on Harris’s registration with the CFTC.
James M. Daly, Division of Corporation Finance Associate Director, to Retire from the SEC After More Than 38 Years of Service
The Securities and Exchange Commission today announced that James M. Daly, Division of Corporation Finance Associate Director, will retire at the end of the month after more than 38 years of service at the SEC.
SEC Proposes Transparency and Financial Accountability Amendments to the CAT NMS Plan
The proposed amendments to the CAT NMS Plan would require self-regulatory organizations that are participants to the CAT NMS Plan (the “Participants”) to file with the Commission and publish a complete implementation plan for the Consolidated Audit Trail (“CAT”) and quarterly progress reports, each of which must be approved by the Operating Committee established by the CAT NMS Plan and submitted to the CEO
Chandler Smith Costello Named Deputy Director for Public Affairs
The Securities and Exchange Commission today announced Chandler Smith Costello has been named Deputy Director for the Office of Public Affairs. Costello comes to the SEC from the Office of Senate Majority Whip John Thune where she served as his leadership communications director for the Whip office.
Speech by Loh Boon Chye, CEO, Singapore Exchange at Euromoney’s The Global Borrowers and Investors Forum – Asia on 3 September 2019
We are gathered here at an interesting time for the bond markets. Ongoing global trade tensions continue to pose risks to the world economy. However, even as global growth moderates, bond markets in emerging Asia are expanding. This is underpinned by the expectation that emerging Asia will remain one of the fastest growing regions in the world, leading global growth amid historically low interest rates.
Moscow Exchange Trading Volumes in August 2019
Unless stated otherwise, all figures below refer to performance for August 2019 and all comparisons are with the same period last year.Total trading volume across Moscow Exchange’s markets was RUB 68.9 trln in August 2019 (RUB 79.5 trln in August 2018). The number of trading days in August 2019 was 22 (versus 23 trading days in August 2018).
SET Grants Social Development Award in Preventing and Solving Drug Problems in Community and Society Category
The Stock Exchange of Thailand (SET) together with uang Prateep Foundation this year granted the annual social development award in Preventing and Solving Drug Problems in the Community and Society category to Police Lieutenant Colonel Songpol Kanchanabundhu, Deputy Superintendent (Investigation), Tharuea Police Station (Bangkok port area) and team.
SET Urges Investors to Carefully Trade Stocks to be Delisted
The Stock Exchange of Thailand (SET) has announced that a listed Trade stocks namely Energy Earth pcl (EARTH) will be delisted from SET effective September 20, 2019, as it failed to solve the problem concerning failure to submit financial statements by the deadline. EARTH will be allowed temporary trading for seven working days during September 11 – 19, 2019 before delisting.
IIROC Annual Report Details Progress on Strategic Plan, Enhancements in Regulatory Activities and Legislative Changes that Strengthen Enforcement Authority
September 3, 2019 (Toronto, Ontario) – The Investment Industry Regulatory Organization of Canada (IIROC) today released IIROC Annual Report for 2018-2019, highlighting progress to position the organization for the years ahead.
