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SEC Charges Russell Todd Burkhalter And His Atlanta-Based Firm With $300 Million Ponzi Scheme And Obtains Emergency Relief - Burkhalter Allegedly Stole Investor Funds To Buy A $3.1 Million Yacht And Fund Lavish Lifestyle

Date 14/08/2024

The Securities and Exchange Commission today announced that it obtained a preliminary injunction, asset freeze, and other emergency relief against Atlanta-based Drive Planning LLC and its founder and CEO, Russell Todd Burkhalter, to halt a $300 million real estate Ponzi scheme impacting more than 2,000 investors. Additionally, a receiver was appointed over Drive Planning. The SEC alleges the defendants misappropriated millions of dollars of investor funds to fund Burkhalter’s lavish lifestyle and to make Ponzi-like payments.

Corporate And Municipal CUSIP Request Volumes Fall For Second Consecutive Month In July - Slowdown Led By Lull In New Corporate Debt And Certificate Of Deposit Issuance

Date 14/08/2024

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for July 2024. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity over the next quarter, found a slowdown in request volume for new corporate and municipal identifiers for a second consecutive month.

ETFGI Reports That Assets Invested In The ETFs Industry In Europe Reached A Record US$2.11 Trillion At The End Of July

Date 14/08/2024

ETFGI, a prominent independent research and consultancy firm specializing in providing subscription research on trends in the global ETFs industry, reported today that assets invested in the ETFs industry in Europe reached a record US$2.11 trillion at the end of July. During July the ETFs industry in Europe gathered net inflows of US$23.26 billion, bringing year-to-date net inflows to US$127.19 billion, according to ETFGI's July 2024 European ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

ECB Harmonises Rules For Eurosystem Collateral Management

Date 14/08/2024

• Harmonised rules and arrangements defined for mobilisation and management of collateral in Eurosystem credit operations
• Harmonisation marks step towards European capital markets union
• New rules take effect with launch of Eurosystem Collateral Management System, scheduled for 18 November 2024

UK Financial Conduct Authority Fines And Bans Martin Sarl For Dishonest And Reckless Conduct

Date 14/08/2024

The FCA has banned Martin Sarl from working in the financial services industry and fined him £5,021 for acting without honesty and integrity.

UK Financial Conduct Authority Fines FXTB For Unfair Customer Treatment Practices

Date 14/08/2024

The FCA has fined Cypriot contract for differences (CFD) firm Forex TB Limited (FXTB) £276,100 for failing to treat its customers fairly, and for providing investment advice without being authorised to do so.

ACER To Decide On Amending The Methodology For Harmonising Cross-Zonal Electricity Balancing Capacity Allocation

Date 14/08/2024

On 31 July 2024, ACER received a proposal from Transmission System Operators (TSOs) to amend the harmonised methodology for cross-zonal capacity allocation for the exchange of balancing capacity or sharing of reserves.

Global Exchanges Experience Positive Momentum In July: FTSE Mondo Visione Exchange Index Rises 3.2% Amid Economic Shifts

Date 14/08/2024

July brought a wave of positive momentum for global exchanges, with the FTSE Mondo Visione Exchange Index closing at 73,726.02 points, representing a robust 3.2% increase from June's 71,426 points. This growth comes amidst geopolitical uncertainty and evolving economic conditions, where inflation concerns have shifted to recession fears.

Amman Stock Exchange Monthly Newsletter: August 2024

Date 14/08/2024

Click here to download Amman Stock Exchange's monthly newsletter.

Tehran Securities Exchange Weekly Market Snapshot - Week Ended 6 Aug 2024

Date 14/08/2024

Click here to download Tehran Securities Exchange weekly market snapshot.