News Centre

ISDA Responds To UK Government HM Treasury Consultation On ESG Ratings Providers

Date 03/07/2023

On June 30, ISDA and the Association for Financial Markets in Europe (AFME) submitted a joint response to His Majesty’s Treasury (HMT) consultation on the future regulatory regime for environmental, social and governance (ESG) ratings providers. The associations support the introduction of regulation for ESG ratings providers – in particular, the need for greater transparency in methodologies, sufficient resources and expertise within providers, stronger governance and addressing conflicts of interest. The associations welcome the indication from the UK Financial Conduct Authority that its regulatory approach would take the main elements of the International Organization of Securities Commissions’ recommendations as a staring point for the rules.

Statement Of CFTC Commissioner Kristin N. Johnson Regarding CFTC Settlement With First State Depository Company, LLC And Argent Asset Group LLC For Precious Metals Fraud

Date 03/07/2023

Today, the Commodity Futures Trading Commission (CFTC or Commission) filed a Consent Order for Permanent Injunction, Civil Monetary Penalty, and Other Equitable Relief Against Settling Defendants in the U.S. District Court for the District of Delaware against First State Depository Company, LLC (FSD) and Argent Asset Group LLC (Argent, and together with FSD, Settling Defendants), resolving an action initially filed on September 27, 2022, charging the Settling Defendants and their owner, Robert Leroy Higgins (together with the Settling Defendants, Defendants), with engaging in a fraudulent and deceptive scheme in connection with the purchase and sale of precious metals. The CFTC’s complaint alleged that the Defendants operated fraudulent silver leasing programs referred to as the “Maximus Program” and the “Silver Lease Program,” through which they fraudulently solicited and misappropriated at least $7 million in funds and silver from at least 200 customers.  FSD purported to be a “private depository” that would store customer metals.  Argent was engaged in the business of buying, selling, and leasing precious metals.

CFTC: Federal Court Orders Two Delaware Companies To Pay Nearly $146 Million For Misappropriation And Fraud Related To A Precious Metals Scheme - Court Also Enters Judgment Against The Owner Of The Companies

Date 03/07/2023

The Commodity Futures Trading Commission today announced that Judge Richard G. Andrews of the U.S. District Court for the District of Delaware entered a consent order against Argent Asset Group LLC (Argent) and First State Depository Company, LLC (FSD) on June 20. In addition, on June 30, the court entered an order of default judgment and permanent injunction against Robert Higgins (Higgins).

Statistics From Nasdaq Nordic Exchange June 2023

Date 03/07/2023

Monthly statistics including stock and derivative statistics;

• Volumes and Market cap
• Most traded companies
• Most active members

SIX Exchanges Figures June 2023

Date 03/07/2023

SIX publishes the monthly key figures of SIX Swiss Exchange and BME Exchange on trading and listing activities in Switzerland and Spain.

BIS: Global Public Goods, Fiscal Policy Coordination, And Welfare In The World Economy

Date 03/07/2023

Summary

Focus

The Covid-19 pandemic made it clear that, in today's globalised world, national borders cannot stop the propagation of viruses and communicable diseases. Compelling evidence also suggests that the rate of emergence of new diseases is accelerating, and that their adverse effects may increase significantly in the future. Observers have therefore advocated the implementation of a global strategy to address these potential risks.

Montréal Exchange's Markets Closed Today, July 3, 2023.

Date 03/07/2023

The Exchange's markets are closed today, July 3, 2023.

Nasdaq Nordic And Baltic Markets Trading Statistics June 2023

Date 03/07/2023

Nasdaq (Nasdaq:NDAQ) today publishes monthly trade statistics for the Nordic and Baltic markets. Below follows a summary of the statistics for June 2023:

SEC Charges “Smart” Window Manufacturer, View Inc., With Failing To Disclose $28 Million Liability - SEC Declines To Impose Civil Penalties Because Of Company’s Self-Report, Remediation, And Cooperation

Date 03/07/2023

The Securities and Exchange Commission today announced settled charges against a California-based manufacturer of “smart” windows, View Inc., for failing to disclose $28 million in projected warranty-related liabilities to address a particular defect in its windows. The SEC decided not to impose civil penalties against View because the company self-reported the misconduct to the SEC, promptly undertook remedial measures, and cooperated with the staff’s investigation. The SEC also announced charges against View’s former CFO, Vidul Prakash, for his failure to ensure that the warranty-related liabilities were disclosed.

London Stock Exchange Group plc - Total Voting Rights

Date 03/07/2023

As at close of business on 30 June 2023, London Stock Exchange Group plc (LSEG) confirms that its share capital consists of a total of 558,334,333 ordinary shares made up of: (i) 500,190,076 ordinary shares of 6 ^79/86 pence each (excluding treasury shares); (ii) 51,124,377 limited-voting ordinary shares of 6 ^79/86 pence each, which carry one-tenth of a vote each; and (iii) 7,019,880 ordinary shares held in treasury. Therefore, the total number of voting rights in LSEG on 30 June 2023 is 505,302,514. The above figure of 505,302,514 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, LSEG under the FCA's Disclosure Guidance and Transparency Rules.