financial industry Archives - The Industry Spread

FINRA Spells Out Extraordinary Cooperation

August 11, 2019

FINRA Spells Out Extraordinary Cooperation. FINRA, the Financial Industry Regulatory Authority, would like its member firms to know there’s extra credit possible for cooperating in investigations. Susan Schroeder, the executive vice president and head of FINRA Enforcement, was the latest guest on FINRA’s podcast, FINRA Unscripted.

LiquidShare to Use ConsenSys’ Blockchain on Post-Trade Settlement

May 17, 2019

Over the past year, LiquidShare has worked to produce a private and permissioned platform built on Ethereum with the business logic coded in smart contracts to model their cash, security, and delivery versus payment mechanisms. The usage of the blockchain allows a peer-to-peer to settlement between custodian nodes for listed and non-listed shares, removing friction costs and providing transparency to SMEs.

World’s First Afro-Asia FinTech Festival to Focus on Sustainable Finance, Transforming Lives

May 10, 2019

The Central Bank of Kenya (CBK) and the Monetary Authority of Singapore (MAS) today announced the inaugural Afro-Asia FinTech Festival, to be held in Nairobi, Kenya, from 15 to 16 July 2019. Jointly organised by the two central banks, the Festival – the first of its kind globally – will provide a platform for connections, collaborations and exchange of ideas between Africa and Asia. It will also further boost the FinTech ecosystems in the two regions.

ASIFMA Appoints David Campbell as Head of Fixed Income

February 25, 2019

David brings with him almost 30 years of experience in leadership positions both in the UK and Hong Kong. In his various senior roles, he drove key agendas across a client-facing markets business in Asia and Europe.

SEC Halts Alleged Insider Trading Ring Spanning Three Countries

December 11, 2018

The Securities and Exchange Commission has filed insider trading charges against an IT contractor and two others he illegally tipped with confidential client information he stole while working in the Singapore branch of an investment bank.

Three Broker-Dealers to Pay More Than $6 Million in Penalties for Providing Deficient Blue Sheet Data

December 11, 2018

The Securities and Exchange Commission today announced that three broker-dealers have agreed to pay more than $6 million to settle charges for providing the SEC with incomplete and inaccurate securities trading information in required SEC productions known as “blue sheet data,” which the SEC uses to carry out its enforcement and regulatory obligations, including the investigation of insider trading and other fraudulent activity.