News Centre

US Department Of Justice: Man Charged For Alleged Participation In $45m CoinDeal Investment Fraud Scheme Involving Over 10,000 Victims

Date 19/05/2023

A Nevada man has been charged for his alleged participation in CoinDeal, an investment fraud scheme that defrauded more than 10,000 victims of over $45 million.

Nigerian Exchange Weekly Market Report For May 19th, 2023

Date 19/05/2023

A total turnover of 3.029 billion shares worth N33.626 billion in 29,505 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 3.602 billion shares valued at N36.451 billion that exchanged hands last week in 27,801 deals.

Mellissa Campbell Duru Named Division Of Corporation Finance’s Deputy Director For Legal And Regulatory Policy

Date 19/05/2023

The Securities and Exchange Commission today announced that Mellissa Campbell Duru has been named Deputy Director for Legal and Regulatory Policy in the Division of Corporation Finance. Ms. Duru most recently was a Special Counsel at Covington & Burling LLP and previously spent more than 15 years in various SEC roles. 

Corrected: CFTC Commissioner Goldsmith Romero To Participate In Fireside Chat At The New York City Bar’s White Collar Crime Institute

Date 19/05/2023

MIAX Completes Acquisition Of LedgerX From FTX Debtors

Date 19/05/2023

Miami International Holdings, Inc. (MIH), owner of Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), Minneapolis Grain Exchange, LLC (MGEXTM), The Bermuda Stock Exchange (BSX), and Dorman Trading LLC, today announced that it has completed its acquisition of LedgerX LLC (LedgerX) from Ledger Holdings Inc. in connection with the bankruptcy proceedings of FTX Trading Ltd. and its affiliated debtors.

BIS: Disinflation Milestones

Date 19/05/2023

Key takeaways

• Insights into how the incomes of workers and firms absorb the disinflation burden in the euro area and the United States can be gained by decomposing changes in the GDP deflator into its underlying components.

• Nominal wage increases of 4–5% in the euro area and 3–4% in the United States this year and next year are compatible with bringing inflation within reach of 2% by end-2024, provided that import price growth slows and profit margins stabilise or slightly shrink.

• From a historical perspective, the 2023–24 disinflation path for prices and nominal wages is within the range of past disinflation episodes in both economies, although it remains uncertain how price and wage setters will react to the above-target inflation from 2021 onwards.

“Honest And Unbiased Investment Management”: Remarks Before The Inaugural Conference On Emerging Trends In Asset Management, SEC Chair Gary Gensler Washington D.C., May 19, 2023

Date 19/05/2023

Thank you for that introduction, William. I am pleased to welcome everyone to the Division of Investment Management’s inaugural Conference on Emerging Trends in Asset Management.

With Over 300 Sanctions, U.S. Targets Russia’s Circumvention And Evasion, Military-Industrial Supply Chains, And Future Energy Revenues - U.S. Actions, With Touchpoints In More Than 20 Jurisdictions, Coordinated With G7 And Other International Partners

Date 19/05/2023

Today, the United States, in coordination with the G7 and other international partners, is strengthening the unprecedented global sanctions and other restrictive economic measures to further degrade the Russian Federation’s capacity to wage war against Ukraine. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is implementing new commitments made at the G7 Leaders’ Summit to hold Russia accountable for its war. 

FIA: April 2023 SEF Tracker

Date 19/05/2023

Trading volume on swap execution facilities reached $857.2 billion in average notional value per day during April 2023. This was down 32.8% from the previous month and down 3.4% from the same month of the previous year. Compared to March 2023, trading was down in every sector except for FRA trading.

Memorandum Of Understanding Establishing A Framework For Financial Services Regulatory Cooperation Between The European Union And The United Kingdom Of Great Britain And Northern Ireland

Date 19/05/2023

Pursuant to the Joint Declaration on Financial Services Regulatory Cooperation between the European Union (EU) and the United Kingdom (UK) of 24 December 2020, the European Commission (“the Commission”), represented by the Directorate‑General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA or its successor), and the Government of the United Kingdom of Great Britain and Northern Ireland (“HM Government”), represented by His Majesty’s Treasury (“HM Treasury”) (hereinafter “the Participants”) jointly endeavour to pursue a robust and ambitious bilateral regulatory cooperation in the area of financial services based on the arrangements set out below.