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UK Financial Conduct Authority: Millions Of People Could Get More Support With Their Pensions Under New Proposals
Date 11/12/2024
The Financial Conduct Authority has set out proposals for extra support for millions of UK savers to help them make better decisions about their pensions.
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CFTC To Hold A Commission Open Meeting December 18
Date 11/12/2024
Commodity Futures Trading Commission Chairman Rostin Behnam today announced the Commission will hold an open meeting Wednesday, Dec. 18 at 9:30 a.m. – 12:00 p.m. (ET) at the CFTC’s Washington, D.C. headquarters. Members of the public can attend the meeting in person, listen by phone, or view a live stream at CFTC.gov.
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SEC Charges Ken Peterman, Former Comtech CEO, With Insider Trading In Advance Of Negative Earnings Announcement - Defendant Placed Order To Sell Company’s Securities Within Hours Of His Termination For Cause While Subject To Multiple Trading Blackouts
Date 11/12/2024
The Securities and Exchange Commission today announced insider trading charges against Ken Peterman, the former CEO, president, and Chair of the Board of Comtech Telecommunications Corp., in connection with his sale of Comtech shares on the basis of material non-public information about Comtech’s forthcoming negative quarterly earnings results.
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Robinhood Markets, Inc. Reports November 2024 Operating Data
Date 11/12/2024
Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported select monthly operating data for November 2024:
- Funded Customers at the end of November were 24.8 million (up approximately 420 thousand from October 2024, up approximately 1.5 million year-over-year).
- Assets Under Custody (AUC) at the end of November were $195 billion (up 22% from October 2024, up 106% year-over-year). Net Deposits were $5.6 billion in November, translating to a 42% annualized growth rate relative to October 2024 AUC. Over the last twelve months, Net Deposits were $47.4 billion, translating to an annual growth rate of 50% relative to November 2023 AUC.
- Equity Notional Trading Volumes were $147.1 billion (up 16% from October 2024, up 178% year-over-year). Options Contracts Traded were 155.5 million (down 2% from October 2024, up 63% year-over-year). Crypto Notional Trading Volumes were $35.2 billion (up over 500% from October 2024, up over 700% year-over-year).
- Margin balances at the end of November were $6.8 billion (up 10% from the end of October 2024, up 100% year-over-year).
- Total Cash Sweep balances at the end of November were $26.5 billion (up 4% from the end of October 2024, up 74% year-over-year).
- Total Securities Lending Revenue in November was $23 million (up 21% from October 2024, up 109% year-over-year).
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ETFGI Reports Record Net Inflows And Assets In ETFs Industry In The United States Of 164 Bn US And 10.6 Tn US Dollars Respectively At End November
Date 11/12/2024
ETFGI, a leading independent research and consultancy firm renowned for its expertise in subscription research, consulting services, events, and ETF TV on global ETF industry trends, reported today record net inflows and record assets invested in the ETFs industry in the United States of US$164.43 billion and US$10.6 trillion respectively at the end of November. The ETFs industry in the United States gathered net inflows of US$164.43 billion during November, bringing year-to-date net inflows to a record US$1.03 trillion. During the month, assets invested in US ETF/ETP industry increased by 6.1%, from US$9.98 trillion at the end of October 2024 to US$10.59 trillion in November 2024, according to ETFGI's November 2024 US 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.)
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CFTC: Los Angeles Federal Court Orders Five Individuals To Pay Over $5 Million For Digital Asset Fraud And Misappropriation Scheme
Date 11/12/2024
The Commodity Futures Trading Commission today announced U.S. District Court, Central District of California, issued a consent order against Marco A. Ruiz Ochoa of Nashua, New Hampshire, and an order of default judgment on Oct. 21, against David Carmona formerly of Elmhurst, New York, Juan Arellano Parra formerly of Chino, California, Moses Valdez of Hesperia, California, and David Brend of Tampa, Florida.
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US Department Of Justice: TD Bank Insider Arrested And Charged With Facilitating Money Laundering
Date 11/12/2024
A former Florida-based employee of TD Bank N.A. was arrested and charged by criminal complaint yesterday for facilitating money laundering to Colombia through the financial institution.
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CFTC: Federal Court Orders North Carolina Companies And Their Owners To Pay Over $5.3 Million For Forex Fraud
Date 11/12/2024
The Commodity Futures Trading Commission today announced the U.S. District Court for the Western District of North Carolina issued an order for summary judgment and a permanent injunction against Storm Bryant and Elijah Bryant III, formerly of Raleigh, North Carolina and Los Angeles, and CapitalStorm LLC, GenerationBlack LLC, and Ncome LLC, all North Carolina limited liability companies, on charges the defendants operated a fraudulent foreign currency scheme, misappropriated over $1.9 million in client funds and committed related registration violations.
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US Acting Comptroller Of The Currency Discusses The Increasing Prevalence Of Financial Fraud
Date 11/12/2024
Acting Comptroller of the Currency Michael J. Hsu today discussed the rising challenge of financial fraud, emphasizing its pervasive impact on consumers and the broader financial system during a Women in Housing and Finance Public Policy Luncheon.
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ISDA - The Swap Episode 46: Building A Voluntary Carbon Market
Date 11/12/2024
Voluntary carbon markets could play an important role in the shift to net zero but what’s needed to build liquidity and ensure transparency in this market? ISDA CEO Scott O’Malia talks to Rubicon Carbon’s Tom Montag.