News Centre
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CFTC Fines New York And UK-Based Firms For Net Capital Deficiencies
Date 24/09/2020
The Commodity Futures Trading Commission today issued orders filing and settling charges against Marex North America LLC, a registered futures commission merchant with its principal place of business in New York, New York, and Marex Spectron International Limited, a registered introducing broker with its principal place of business in London, United Kingdom, for failure to meet minimum adjusted net capital requirements.
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Oslo Optiq Migration: Extended Next EUA Hours, Oslo Derivatives Closed To Testing On 23 September, And Fixed Income Group Change
Date 24/09/2020
Opening hours for the Oslo Cash and Fixed Income trading groups and Oslo Derivatives Exchanges in the Next EUA (p-EUA) environment have been extended to allow more testing time for clients.
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CFTC Fines Houston, Chicago, And London-Based Introducing Brokers For Net Capital Deficiencies
Date 24/09/2020
The Commodity Futures Trading Commission today issued orders filing and settling charges against three registered introducing brokers (IB)—EOX Holdings LLC of Houston, Texas; Futures International LLC of Chicago, Illinois; and OTC Europe LLP of London, United Kingdom—for failure to meet minimum adjusted net capital requirements.
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SEC Charges Lighting Products Company And Four Executives With Accounting Violations
Date 24/09/2020
The Securities and Exchange Commission today charged Connecticut-based Revolution Lighting Technologies Inc. for an accounting fraud that falsely inflated its reported revenues over a four-year period. Four Revolution Lighting executives—CEO Robert LaPenta, former CFO James DePalma, and two former CFOs of the firm’s largest division, Allen Garner and Daniel O’Neal— were also charged for their roles in causing Revolution Lighting to misreport its revenue. All have agreed to settlements to resolve the claims against them.
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A Special (Regulatory) Relationship: Remarks Of CFTC Chairman Heath P. Tarbert To The City Of London Corporation
Date 24/09/2020
Good evening everyone. It is an honor to be addressing all of you. Unfortunately due to COVID, I have to do so via video conference from Washington and not with you in beautiful Guildhall. Still, I take heart that this great tradition continues. Winston Churchill once said “The maxim of the British people is ‘Business as usual.’” So, even as I take heart, I am in no way surprised.
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Europex Consultation Response – EU Offshore Renewable Energy Strategy
Date 24/09/2020
Europex fully supports the development of a comprehensive EU strategy on offshore energy, which is needed to help scale up offshore energy deployment and ultimately contribute to the decarbonisation of the European energy system. While there are many important issues that the strategy must address, our response focuses on the following regulatory and market aspects:
- Integration of offshore energy into the market / financing models;
- Building up the necessary grid infrastructure;
- Regulatory aspects of hybrid or joint offshore projects;
- Developing offshore wind as part of wider energy system integration efforts.
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Remarks At The Meeting Of The Investor Advisory Committee, SEC Chairman Jay Clayton, Sept. 24, 2020
Date 24/09/2020
Thank you, Paul [Mahoney].
I want to echo the thanks to Anne [Simpson] for your service on the Committee. You have done a remarkable job, and I thank you for your valuable contributions.
I also want to extend a warm welcome to Satyam Khanna to his first Committee meeting. It’s good to see you back in the building, albeit virtually, and I appreciate you sharing your time and expertise with the Committee.
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UK Financial Conduct Authority Update Following The Recent Coronavirus Restrictions Statements On Tuesday 22 September
Date 24/09/2020
We note the recent statement made by UK Government and devolved administrations on coronavirus (Covid-19) on Tuesday 22 September.
Firms should continue to follow Government advice on working from home until notified otherwise.
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Bitfinex Kicks Off Trading Competition With US$25,000 Ultra (UOS) Up For Grabs
Date 24/09/2020
Bitfinex, a state-of-the-art digital asset trading platform, has unveiled its latest trading competition, enabling users to test their trading skills with Ultra (UOS) and win prizes of up to US$10,000.
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BETTER FINANCE: All Talk, Little Action: European Commission Releases Watered Down Capital Markets Union (CMU) Action Plan
Date 24/09/2020
The European Commission’s (EC) Directorate-General for Financial Services, Financial Stability and Capital Markets Union (DG FISMA) published a third action plan to build a Capital Markets Union (CMU) – this time for “people and businesses” - which sets 16 policy and regulatory objectives in order to “finally complete the Capital Markets Union”.
