News Centre

SEC Charges International Accounting Firm Prager Metis With Hundreds Of Auditor Independence Violations

Date 29/09/2023

The Securities and Exchange Commission today announced charges against accounting firm Prager Metis CPAs, LLC and its California professional services firm, Prager Metis CPAs LLP, (together, Prager) for violating auditor independence rules and for aiding and abetting their clients’ violations of federal securities laws.

BIS: The Impact Of Green Investors On Stock Prices

Date 29/09/2023

We study the impact of green investors on stock prices in a dynamic equilibrium asset-pricing model, with three types of investor: green, passive or active. Green investors track an index that exludes progressively the firms with the highest greenhouse gas emissions. Active investors maximise expected returns and can buy the stocks of brown firms. Passive investors stick to a market capitalisation-based index.

U.S.-UK Financial Regulatory Working Group September 2023 Joint Statement

Date 29/09/2023

The eighth official meeting of the U.S.-UK Financial Regulatory Working Group took place in Washington, D.C., on 6 September, 2023.

CFTC Charges Florida Man And His Company In Connection With A Foreign Currency Fraudulent Solicitation Scheme

Date 29/09/2023

The Commodity Futures Trading Commission today announced it filed a civil enforcement action in the U.S. District Court for the Southern District of Florida against Roberto Pulido aka Berto Delvanicci (Pulido) and his company, Lions of Forex LLC (LOF), both of Miami, Florida, charging Pulido with fraudulently solicited at least four clients to trade leveraged or margined retail off-exchange foreign currency (forex). LOF aided and abetted in the fraudulent scheme.

Professor Michael Mainelli Becomes Lord Mayor-Elect: Z/Yen Continues Its Support For The City Of London

Date 29/09/2023

Statement Of CFTC Commissioner Christy Goldsmith Romero In Support Of Holding Interactive Brokers Accountable For Widespread Use Of Whatsapp And Personal Text Messaging To Evade Regulatory Oversight

Date 29/09/2023

I support this enforcement action against Interactive Brokers, a Commission-registered broker, as another victory in holding Wall Street institutions accountable for their pervasive use of unauthorized communication methods, like private texts and in some cases Whatsapp, violating the law and evading regulatory oversight requirements.  Together with our previous offline communications enforcement actions, the Commission has levied over $1 billion in penalties against 20 Wall Street institutions and large foreign banks,[1] sending a zero-tolerance message to those who seek to evade regulatory oversight.  This is combined with over $1.5 billion in penalties from the SEC, for a total of more than $2.5 billion in penalties.

NSE Indices Index Dashboard For The Month Ended September 2023

Date 29/09/2023

Click here to download the 'Index Dashboard' for the month ended September 2023. 

Statement Of CFTC Commissioner Kristin N. Johnson Regarding CFTC’s Twentieth Offline Communications Case

Date 29/09/2023

Not two months ago, I issued a statement announcing that the Commodity Futures Trading Commission (CFTC) had surpassed $1 billion in civil monetary penalties imposed on financial institutions that failed to comply with CFTC recordkeeping requirements through the use of offline, unmonitored communications channels. Today, the CFTC has issued a twentieth order in this series of cases, this time against Interactive Brokers Corp. and Interactive Brokers LLC, which are registered with the Commission as an Introducing Broker (IB) and Futures Commission Merchant (FCM), respectively.

SEC Charges D. E. Shaw With Violating Whistleblower Protection Rule

Date 29/09/2023

The Securities and Exchange Commission today announced settled charges against New York-based registered investment adviser D. E. Shaw & Co., L.P. for raising impediments to whistleblowing by requiring employees to sign agreements prohibiting the disclosure of confidential corporate information to third parties, without an exception for potential SEC whistleblowers, and by requiring departing employees to sign releases affirming that they had not filed any complaints with any government agency in order for the employees to receive deferred compensation. D. E. Shaw agreed to pay $10 million to settle the SEC’s charges.

Gervais Williams Appointed President Of The Quoted Companies Alliance

Date 29/09/2023

The Quoted Companies Alliance (QCA), an independent membership organisation that champions the interests of small and mid-sized quoted companies in the UK, is delighted to announce the appointment of Gervais Williams as its next President.