News Centre

AT&T Settles SEC Charge Of Selectively Disclosing Material Information To Wall St. Analysts - Company Agrees To Pay A Record Penalty In Regulation FD Cases Of $6.25 Million

Date 05/12/2022

The Securities and Exchange Commission today announced that AT&T agreed to pay a $6.25 million penalty and three company executives agreed to pay $25,000 apiece stemming from charges brought in March 2021 related to the company’s selective disclosure of material nonpublic information to research analysts in violation of Regulation FD and Section 13(a) of the Securities Exchange Act of 1934. The penalty that AT&T agreed to pay is the largest ever in a Regulation FD case.

Have You Seen The Quantum Cat After Digital Asset Crash? By Kelvin To, Founder And President Of Data Boiler Technologies

Date 05/12/2022

The 2022 digital asset crash wiped out more value than the $1.7 trillion during the burst of dot-com bubble in 2000. The aftermath of the historic $3+ billion cryptocurrency seizure that connected with Silk Road Dark Web Fraud, the bankruptcy of FTX, and the countless cases of Crypto and Stable-coins’ downfall are starting to be unveiled. Investigations or “accusations” to grill mania involved in the chaos is the hindsight of politicians, regulators, and many others, but not us. We play the devil’s advocate to critically think about the paradox of Digital Assets, to see whether its future may evolve like the Quantum Cat – i.e. simultaneously both alive and dead.

Number Of Investors Grows At B3 Despite A Volatile Wider Scenario - An Unprecedented Study Of Investors’ Behavior In The Election Month Of October Found Increased Trading Volume And Higher Values For All Investment Types At The Exchange

Date 05/12/2022

Despite the global uncertainty that increased market volatility, the number of individual investors in equity securities at B3 grew 35% between the third quarter of 2021 and the same period in 2022, to 4.6 million from 3.3 million. Between the second and third quarters of 2022, the number of investors grew by 200,000. These figures are contained B3’s most recent findings, which were published today.

BETTER FINANCE Concerned About The European Commission Abandoning The Necessary And Urgent Audit Reform Announced In November 2021

Date 05/12/2022

In June 2020, the Wirecard scandal unraveled, generating unprecedented retail investor detriment worth about €20 billion. BETTER FINANCE reacted, labelling it an “outrageous case of corporate governance, external auditing and supervisory failures” and calling for an urgent reform of EU Audit Rules.

Cboe Digital Continues To Demonstrate Commitment To The Highest Levels Of Financial And Operational Controls In Crypto Industry With SOC 1 Completion

Date 05/12/2022

Cboe Digital is pleased to announce it has completed an independent Service Organization Controls (SOC) audit of its clearing services platform, Cboe Clear Digital, and received a SOC 1 Type II certification, completed by a large national public accounting firm. The SOC 1 Type II examination reviewed Cboe Clear Digital's design, implementation and operating effectiveness of its financial transaction operations and reporting controls.

Nasdaq Completes Migration Of The First U.S. Options Market To AWS

Date 05/12/2022

• The Successful Migration of MRX Marks a Major Milestone in Building the Global Capital Markets Infrastructure of the Future
• The New Cloud-Enabled Market Infrastructure Delivers a 10% Performance Improvement for Market Participants

OFR’s Pilot Provides Unique Window Into The Non-Centrally Cleared Bilateral Repo Market, By Samuel J. Hempel, R. Jay Kahn, Robert Mann, And Mark Paddrik

Date 05/12/2022

The repurchase agreement (repo) market is a foundational component of the U.S. financial system, providing trillions of dollars of daily funding and facilitating liquidity for U.S. Treasuries and other securities.  The repo market allows participants to borrow cash against securities pledged as collateral, with an obligation to repurchase those securities in the future.

BIS Analysis Shines Light On Persistent Risks In Foreign Exchange Trades, Hidden Dollar Debt: BIS Quarterly Review

Date 05/12/2022

• New BIS analysis of the 2022 Triennial Central Bank Survey shows shifts in trading patterns and market structure in foreign exchange and over-the-counter interest rate derivatives markets, identifying risks deserving attention.
• Foreign exchange swap positions point to over $80 trillion of hidden US dollar debt, reported off-balance sheet. 
• The volume of daily foreign exchange turnover subject to settlement risk remains stubbornly high despite mechanisms to mitigate such risks.  

CCP12 Special General Meeting 2022

Date 05/12/2022

The Global Association of Central Counterparties – held its Virtual Special General Meeting 2022.

Fiserv To Present At UBS Global TMT Conference

Date 05/12/2022

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, announced today that   Bob Hau, Chief Financial Officer, will present at the UBS Global TMT Conference on Wednesday, December 7, at 7:30 a.m. ET.