News Centre

On The Consequences Of An Inconsequential Rulemaking: Statement Regarding Amendments To Whistleblower Program Rules, SEC Commissioner Hester M. Peirce, Aug. 26, 2022

Date 26/08/2022

I did not support the proposal to amend the Commission’s whistleblower rules, and cannot support the amendments adopted today. The Commission’s whistleblower program is successful, increasingly so in recent years. Today’s amendments, although themselves inconsequential and unlikely to inhibit that success, nonetheless carry harmful consequences both for the whistleblower program and for the Commission’s rulemaking processes.

CalPERS Special Retired Member Board Election Underway As Voting Begins - Ballots Mailed - Candidate Forum September 7

Date 26/08/2022

CalPERS retired members can expect a blue envelope that contains their ballot for the special board election in their mailboxes in the next few days.

SEC Amends Whistleblower Rules To Incentivize Whistleblower Tips

Date 26/08/2022

The Securities and Exchange Commission today adopted two amendments to the rules governing its whistleblower program. The first rule change allows the Commission to pay whistleblowers for their information and assistance in connection with non-SEC actions in additional circumstances. The second rule affirms the Commission’s authority to consider the dollar amount of a potential award for the limited purpose of increasing an award but not to lower an award.

Nadex Temporarily Amends Binary Contracts Strike Width

Date 26/08/2022

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(d) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) hereby provides notice that due to increased or decreased volatility, as the case may be, in the underlying markets upon which the Nadex contracts are based, Nadex made changes to the strike widths of various contracts during the week of August 22, 2022 as indicated in the Weekly Notice.

Statement On The Final Rules Related To The Whistleblower Program, SEC Commissioner Mark T. Uyeda, Aug. 26, 2022

Date 26/08/2022

The Whistleblower Program was created by Congress to provide monetary incentives for individuals to come forward and report possible violations of the federal securities laws to the Commission. Today, the Commission is adopting final rules amending the Whistleblower Program rules. Specifically, the final amendments (1) expand the scope of related actions eligible for an award under the Commission’s Whistleblower Program, and (2) amend the rules so that the Commission may use its statutory authority to consider the dollar amount to increase, but not decrease, the award. While I support the important work of the staff in the Office of the Whistleblower in their efforts to arrive at an appropriate result in evaluating claims, I am unable to support today’s amendments.

Nadex Refrains From Listing Certain Contracts

Date 26/08/2022

Due to activity in the underlying markets upon which the Nadex contracts are based and pursuant to the authority granted in Nadex Rule 12.1(i), Nadex took the following actions:

Statement On Final Amendments To The Whistleblower Program, SEC Chair Gary Gensler, Aug. 26, 2022

Date 26/08/2022

Today, the Commission voted to adopt amendments to rules governing the SEC’s whistleblower program. I was pleased to support these amendments because they will help whistleblowers when eligible to receive appropriate awards for reporting potential violations of the law to the Commission.

Nigerian Exchange Weekly Market Report For August 26th, 2022

Date 26/08/2022

A total turnover of 914.443 million shares worth N15.263 billion in 18,021 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 823.005 million shares valued at N12.228 billion that exchanged hands last week in 17,482 deals

UK Prudential Regulation Authority And UK Financial Services Authority Conclude Investigations Into Senior Managers In Relation To The 2008 Failure Of HBOS plc

Date 26/08/2022

The PRA and FCA (together, the 'Authorities') joint investigations into certain former senior managers at HBOS plc have now concluded with a decision by each of the Authorities’ independent decision-makers to take no further action. The investigations, which began in 2016, were in response to Andrew Green QC’s November 2015 report into the reasonableness of the scope of the FSA’s enforcement investigations in relation to the failure of HBOS (the 'Green Report').  

Monetary Policy And Price Stability, Federal Reserve Chair Jerome H. Powell, At “Reassessing Constraints On The Economy And Policy,” An Economic Policy Symposium Sponsored By The Federal Reserve Bank Of Kansas City, Jackson Hole, Wyoming

Date 26/08/2022

Thank you for the opportunity to speak here today.

At past Jackson Hole conferences, I have discussed broad topics such as the ever-changing structure of the economy and the challenges of conducting monetary policy under high uncertainty. Today, my remarks will be shorter, my focus narrower, and my message more direct.