News Centre

SEC Charges Titanium Capital And Founder Henry Abdo With Operating Ponzi Scheme

Date 14/12/2023

The Securities and Exchange Commission today charged Florida-based Titanium Capital LLC and its founder Henry Abdo with operating a Ponzi scheme that raised at least $5.3 million from more than 160 retail investors in the United States and abroad. The SEC also charged Titanium representative Carol Ann Barsh for her role soliciting investors.

MSP® Loan Servicing System from ICE Now Offering Automated Lien Release Functionality

Date 14/12/2023

• First joint product from newly expanded mortgage technology business
• Leverages capabilities across the ICE mortgage ecosystem
• ICE has identified many valuable enhancements to the housing finance processes

CFTC Orders Freepoint Commodities LLC To Pay $91 Million For Fraudulent Scheme To Misappropriate Material Non-Public Information

Date 14/12/2023

The Commodity Futures Trading Commission today issued an order simultaneously filing and settling misappropriation-based fraud charges against Freepoint Commodities LLC, a commodities merchant in Stamford, Connecticut. The fraudulent and deceptive conduct spanned from 2012 to 2018 and involved unlawful misconduct designed to obtain material non-public information from a South American state-owned enterprise (SOE) in connection with the purchase and sale of fuel oil. The order requires Freepoint to pay more than $91 million in civil monetary penalties and disgorgement.

U.S. Department Of Justice: Commodities Trading Company Agrees To Pay Over $98M To Resolve Foreign Bribery Case

Date 14/12/2023

Freepoint Commodities LLC (Freepoint), a commodities trading company based in Stamford, Connecticut, has agreed to pay over $98 million to resolve an investigation by the U.S. Justice Department into violations of the Foreign Corrupt Practices Act (FCPA) stemming from the company’s involvement in a corrupt scheme to pay bribes to Brazilian government officials. 

ISDA: Interest Rate Derivatives Trading Activity Reported In EU, UK And US Markets: Third Quarter Of 2023 And Year-To-September 30,

Date 14/12/2023

This report analyzes interest rate derivatives (IRD) trading activity reported in Europe. The analysis is based on transactions publicly reported by 30 European approved publication arrangements (APAs) and trading venues (TVs).

Autorité des Marchés Financiers Adjusts Its Annual And Other Fees

Date 14/12/2023

Annual and other fees payable under the laws administered by the Autorité des marchés financiers (the “AMF”) will be adjusted effective January 1, 2024.

US Office Of The Comptroller Of The Currency Announces Enforcement Actions For December 2023

Date 14/12/2023

The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against national banks and federal savings associations (banks), and individuals currently and formerly affiliated with banks the OCC supervises.

U.S. Department of Justice: Four Individuals Charged For Laundering Millions from Cryptocurrency Investment Scams

Date 14/12/2023

A seven-count indictment was unsealed yesterday in Los Angeles charging four individuals for their alleged roles in a scheme to launder the proceeds of cryptocurrency investment scams and other fraudulent schemes involving millions of dollars in victim funds.

ISDA Launches Independent Review Of DC Process

Date 14/12/2023

ISDA has launched a review of the structure and governance of the Credit Derivatives Determinations Committees (DCs) and has appointed Linklaters LLP to conduct an independent assessment and recommend any changes to maintain the integrity of the DCs in changing economic and market conditions.

Canadian Securities Administrators Announces Adoption Of Amendments To National Instrument 24-101 Institutional Trade Matching And Settlement

Date 14/12/2023

The Canadian Securities Administrators (CSA) today published final amendments (Amendments) to National Instrument 24-101 Institutional Trade Matching and Settlement and changes to its Companion Policy.