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  • CFTC Staff Extends No-Action Position for Certain Reporting Obligations Under the Ownership and Control Reports Final Rule

    Date 22/09/2023

    The Commodity Futures Trading Commission’s Division of Market Oversight (DMO) today issued a no-action letter that extends the current no-action position for reporting obligations under the ownership and control reports final rule (OCR Final Rule). The OCR Final Rule, approved in 2013, requires the electronic submission of trader identification and market participant data.

  • Nigerian Exchange Weekly Market Report For September 22nd, 2023

    Date 22/09/2023

    A total turnover of 3.911 billion shares worth N30.379 billion in 38,536 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 2.933 billion shares valued at N47.449 billion that exchanged hands last week in 44,654 deals.

  • SIX: Extraordinary Index Adjustments

    Date 22/09/2023

    On the occasion of the announced spin-off of Sandoz Group AG from Novartis AG, SIX is carrying out an extraordinary index adjustment for the SLI®, SMIM®, SPI®, SXI Special Industry indices and sub-indices. The affected indices will be adjusted as of 4th or 5th October 2023 (indicative dates).

  • CFTC Orders California Resident To Pay $300,000 For A Fictitious Sales Scheme

    Date 22/09/2023

    The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against Jie “Elaine” Yu of Irvine, California, for engaging in a fictitious sales scheme. The order requires Yu to pay a $300,000 civil monetary penalty, cease and desist from further violations of the Commodity Exchange Act (CEA) and CFTC regulations, as charged, and it imposes six-month trading and registration bans.

  • SEC Charges Private Equity Fund Adviser American Infrastructure Funds For Breaching Its Duties

    Date 22/09/2023

    The Securities and Exchange Commission today announced that American Infrastructure Funds LLC (AIM), a Foster City, California-based registered investment adviser to private funds, agreed to pay more than $1.6 million to settle charges resulting from its acceleration of portfolio company monitoring fees, for transferring a private fund asset from funds nearing the end of their term to a new fund, and for loaning money from one private fund to another private fund advised by an affiliate.