News Centre

SEC Charges Husband Of Energy Company Manager With Insider Trading - Spouse Purchased Stock Using Non-Public Information About Planned Merger

Date 22/02/2024

The Securities and Exchange Commission today charged Tyler Loudon of Houston, Texas, with insider trading ahead of a February 2023 announcement that London-based oil and gas company BP p.l.c. agreed to acquire TravelCenters of America Inc., a full-service truck stop and travel center company headquartered in Ohio. Loudon allegedly made $1.76 million in illegal profits from his trading.

FIA January 2024 SEF Tracker

Date 22/02/2024

False Claims Act Whistleblowers Recovered Over $2.3 Billion In FY 2023

Date 22/02/2024

In the 2023 Fiscal Year, the Department of Justice (DOJ) recovered over $2.3 billion in qui tam whistleblower cases, according to agency’s False Claims Act (FCA) statistics released today. The DOJ recovered a total of $2.68 billion from FCA settlements and judgments over the course of the year: meaning that whistleblower cases were responsible for more than 85% of the DOJ’s total FCA recoveries.

NZX Full Year 2023 Results & Annual Report Published

Date 22/02/2024

NZX Limited today published its full year financial results and annual report for the 12 months ended 31 December 2023.

Objection Of CFTC Commissioner Christy Goldsmith Romero To No-Action Letter That Rolls Back Dodd-Frank Act Reforms And Removes Counterparty Protections

Date 22/02/2024

I object to the CFTC staff issuing a no-action letter rolling back critical Dodd-Frank Act reforms intended to address causes of the 2008 financial crisis.  The Dodd-Frank Act directed the Commission to impose business conduct standards on swap dealers to reverse the caveat emptor nature of pre-crisis swaps markets.  These business conduct rules promulgated by the Commission in 2012 include that swap dealers shall disclose to a potential counterparty material information that reasonably allows the counterparty to assess “the material incentives and conflicts of interest” the swap dealer may have before entering into a swap.  Those disclosures “shall include…the mid-market mark of the swap.”

US Acting Comptroller Of The Currency Discusses Consolidated Supervision Of Crypto-Asset Intermediaries

Date 22/02/2024

Acting Comptroller of the Currency Michael J. Hsu today offered remarks to the Financial Stability Board’s Crypto Working Group.

CFTC Staff Issues No-Action Letter Regarding Pre-Trade Mid-Market Mark For Certain Interest Rate Swaps Referencing SOFR

Date 22/02/2024

The Commodity Futures Trading Commission’s Market Participants Division (MPD) today issued a no-action letter in relation to the requirement in Regulation 23.431 that swap dealers and major swap participants (swap entities) disclose to certain counterparties the Pre-Trade Mid-Market Mark (PTMMM) of a swap.  

Canadian Securities Regulators Provide Updated Guidance On Virtual Shareholder Meetings

Date 22/02/2024

The Canadian Securities Administrators (CSA) are providing reporting issuers updated guidance on virtual shareholder meetings following initial guidance provided in February 2022.

Fiserv To Present At Upcoming Investor Conferences

Date 22/02/2024

Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology solutions, announced its participation in the following investor conferences.

Archax Launches Yield-Generating Stablecoin Service - Facilitating The Movement Of Stablecoin Assets Into Tokenised, Regulated, Yield-Bearing Holdings

Date 22/02/2024

Archax, the only FCA-regulated digital asset exchange, broker, and custodian, today announced the introduction of its Stablecoin Yield Service. This service enables individuals with assets in stablecoins to transition them into yield-generating instruments, such as regulated Money Market Funds (MMFs), which are also available in tokenised form.