News Centre

SEC Charges Final Participant In Multi-Million Dollar Scheme To Spread And Trade On False Rumors About Public Companies

Date 16/02/2023

The Securities and Exchange Commission today charged Milan Vinod Patel, of Cumming, Georgia, for spreading more than 100 false rumors about public companies to generate more than $1 million in illicit trading profits. The SEC previously charged Barton Ross, Mark Melnick, Anthony Salandra, and Charles Parrino for their roles in this scheme.

CFTC: No Commitments Of Traders Report: February 10, 2023

Date 16/02/2023

The impact of the cyber-related incident at ION is being mitigated. However, multiple reporting firms continue to experience technical issues that prevent submission of timely and accurate data to the CFTC. As a result, the weekly CFTC Commitments of Traders report will continue to be delayed until the receipt and validation of all reportable data is completed.

CFTC Announces Postponement Of Commitments Of Traders Report

Date 16/02/2023

Staff of the Commodity Futures Trading Commission Divisions of Clearing and Risk, Market Participants, Data, and Market Oversight today released the following statement to update the public on reporting delays due to the cyber-related incident at ION Cleared Derivatives (a subsidiary of ION Markets), a third-party service provider of cleared derivatives order management, order execution, trading, and trade processing:

Readout: US Secretary Of The Treasury Janet L. Yellen’s Call With First Vice President Of Spain And Minister For The Economy And Digital Transformation Nadia Calviño

Date 16/02/2023

Today, U.S. Secretary of the Treasury Janet L. Yellen spoke with Spanish First Vice President and Minister for the Economy and Digital Transformation Nadia Calviño. Vice President Calviño is the Chair of the International Monetary and Financial Committee (IMFC), the policy advisory committee of the Board of Governors of the International Monetary Fund (IMF). Secretary Yellen highlighted the United States’ continued support for Ukraine, including through an IMF program for the country. The Secretary also conveyed U.S. views on IMF governance and priorities. Secretary Yellen highlighted the United States’ efforts to work with European allies on the implementation of the Inflation Reduction Act. Finally, Secretary Yellen noted mutual efforts to deepen relations with Latin American partners.

SEC Charges Terraform And CEO Do Kwon With Defrauding Investors In Crypto Schemes

Date 16/02/2023

The Securities and Exchange Commission today charged Singapore-based Terraform Labs PTE Ltd and Do Hyeong Kwon with orchestrating a multi-billion dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities.

CFTC Orders The Options Clearing Corporation To Pay A $5 Million Penalty For Violations Of Core Principles And Regulations Related To Operational Risk Management - Second CFTC Action For Core Principle Violations

Date 16/02/2023

The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against The Options Clearing Corporation (OCC), a Chicago-based CFTC-registered derivatives clearing organization (DCO). The order finds the respondent failed to establish, implement, maintain and enforce certain policies and procedures reasonably designed to manage the operational risks related to its automated systems in violation of the Commodity Exchange Act (CEA) and related CFTC regulations.  

SEC Charges Options Clearing Corporation With Rule Failures

Date 16/02/2023

The Securities and Exchange Commission today announced that The Options Clearing Corporation (OCC) will undertake remedial efforts and pay $17 million in penalties to settle charges that it failed to comply with its SEC-approved Stress Testing and Clearing Fund Methodology rule during certain times between October 2019 and May 2021.

TMX Group Completes Acquisition Of Sigmalogic, Owner Of LOGICLY - Deal Enhances TMX Datalinx Client Service Capabilities And Advances TMX Group's Information Business Strategy

Date 16/02/2023

TMX Group Limited (TMX) today announced that it has acquired SigmaLogic, Inc., (SigmaLogic), owner of LOGICLY (formerly ETFLogic), a U.S.-based fintech firm specializing in providing advanced analytics and portfolio tools to the wealth management industry and investment fund manufacturers. This acquisition follows TMX's minority investment in February 2022, and the launch of TMX LOGICLY, a collaboration between TMX Datalinx and ETFLogic, in January 2021. The transaction closed February 16, 2023.

Remarks By US Assistant Secretary For Economic Policy Ben Harris At The Argus Americas Crude Summit In Houston, Texas

Date 16/02/2023

Original Motivations for Price Cap Policy

Thank you for having me here today. I will begin by discussing the motivations for the price cap. 

Statement Of CFTC Commissioner Kristin N. Johnson Regarding Fraud And Misappropriation By A Digital Asset Ponzi Scheme

Date 16/02/2023

The Commodity Futures Trading Commission (CFTC) today filed a complaint against Armen Temurian and Vista Network Technologies (Defendants), in the U.S. District Court for the Eastern District of New York.  The complaint alleges that Defendants lured investors into their fraudulent digital asset scheme by promising to trade the Bitcoin and Ether that investors deposited and ensure a daily 2.5% return.  These fraudsters also promised that investments would “double in value within eighty days.”  Once more and again, false promises, fake investments, and disturbing losses suffered by unsuspecting investors.