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Statement Regarding The Commission’s Approval Of Proposed Rule Changes To List And Trade Shares of Spot Bitcoin Exchange-Traded Products, SEC Commissioner Mark T. Uyeda, Jan. 10, 202O

Date 10/01/2024

Today marks the Commission’s long-anticipated approval of applications to list and trade shares of spot bitcoin exchange-traded products (“ETPs”). While I concur with the approval of the spot bitcoin ETP applications under the standards set forth in Section 19(b)(2) of the Securities Exchange Act of 1934 (“Exchange Act”), I have strong concerns with three aspects of the order (the “Approval Order”):

Statement Dissenting From Approval Of Proposed Rule Changes To List And Trade Spot Bitcoin Exchange-Traded Products, SEC Commissioner Caroline A. Crenshaw Jan. 10, 2024

Date 10/01/2024

Today the Securities and Exchange Commission approved a series of proposed rule changes that will allow for the listing and trading of bitcoin-based products on national securities exchanges. These Commission actions are unsound and ahistorical. And worse, they put us on a wayward path that could further sacrifice investor protection. I cannot agree that these actions serve either our statutory or foundational investor protection mandates and, as such, I dissent from today’s Order.

Out, Damned Spot! Out, I Say![1]: Statement On Omnibus Approval Order For List And Trade Bitcoin-Based Commodity-Based Trust Shares And Trust Units, SEC Commissioner Hester M. Peirce Jan. 10, 2024

Date 10/01/2024

Today marks the end of an unnecessary, but consequential, saga. More than ten years after the filing of the first spot bitcoin exchange-traded product (“ETP”) application, the Commission finally has approved multiple applications by exchanges to allow the listing and trading of spot bitcoin ETPs. This saga likely would have spanned well beyond a decade were it not for the DC Circuit-ex-machina. You need not be a seasoned securities lawyer to spot the difference in treatment of bitcoin-related ETP applications compared to the many other ETP applications that have been routinely filed and approved over the past decade.

Statement On The Approval Of Spot Bitcoin Exchange-Traded Products, SEC Chair Gary Gensler, Jan. 10, 2024

Date 10/01/2024

Today, the Commission approved the listing and trading of a number of spot bitcoin exchange-traded product (ETP) shares.

NYSE Group Consolidated Short Interest Report

Date 10/01/2024

NYSE today reported short interest as of the close of business on the settlement date of December 29, 2023.

Nasdaq Announces End Of Month Open Short Interest Positions In Nasdaq Stocks As Of Settlement Date December 29, 2023

Date 10/01/2024

At the end of the settlement date of December 29, 2023, short interest in 3,166 Nasdaq Global Market^SM securities totaled 10,419,434,627 shares compared with 10,832,646,277 shares in 3,191 Global Market issues reported for the prior settlement date of December 15, 2023. The end of December short interest represent 2.60 days average daily Nasdaq Global Market share volume for the reporting period, compared with 2.88 days for the prior reporting period.

SEC Charges Global Software Company SAP For FCPA Violations - German Multinational Agrees To Monetary Sanctions Of Nearly $100 Million To Settle SEC's Bribery Charges

Date 10/01/2024

The Securities and Exchange Commission today announced charges against global software company SAP SE for violations of the Foreign Corrupt Practices Act (FCPA) arising out of bribery schemes in South Africa, Malawi, Kenya, Tanzania, Ghana, Indonesia, and Azerbaijan. The company agreed to monetary sanctions of nearly $100 million in disgorgement and prejudgment interest to settle the SEC’s charges.

US Department Of Justice: SAP To Pay Over $220M To Resolve Foreign Bribery Investigations

Date 10/01/2024

SAP SE (SAP), a publicly traded global software company based in Germany, will pay over $220 million to resolve investigations by the U.S. Justice Department and the Securities and Exchange Commission (SEC) into violations of the Foreign Corrupt Practices Act (FCPA).

Ontario Securities Commission Announces Seniors Expert Advisory Committee Members For 2024

Date 10/01/2024

The Ontario Securities Commission (OSC) today announced the membership of its Seniors Expert Advisory Committee (SEAC) for the 2024 term.

CFTC Commissioner Pham To Speak At GBBC’s 7th Annual Blockchain Central Davos

Date 10/01/2024