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SEC Charges Principals Of Subprime Automobile Finance Company With Fraud

Date 23/09/2021

The Securities and Exchange Commission today announced fraud charges against two former executives of a subprime automobile finance company for misleading investors about the subprime automobile loans that backed its $100 million offering.
Canadian Securities Regulators Outline Expectations For Advertising And Marketing By Crypto Trading Platform

Date 23/09/2021

The Canadian Securities Administrators (CSA) and Investment Industry Regulatory Organization of Canada (IIROC) today published guidance to help crypto trading platforms understand and comply with requirements under securities law and IIROC rules for advertising, marketing and social media use.
Moscow Exchange: Risk Parameters Change For The Security CRM-RM

Date 23/09/2021

As per the Securities market risk parameters methodology, on 23.09.2021, 21-27 (MSK) the upper bound of the price band (up to 21347) and initial margins (up to 21.25 %) for the security CRM-RM were changed. New values are available here
Umbrella Network Announces Strategic Acquisition Of Lucidity, Leading Blockchain-Based Advertising And Analytics Platform

Date 23/09/2021

Umbrella Network (https://www.umb.network/), the decentralized Layer-2 oracle solution, announced today the acquisition of Lucidity, a leading blockchain-based digital advertising oracle. The acquisition was completed in August 2021 for an undisclosed amount. This deal will be accretive to Umbrella Network as early as Q1 2022. At the time of this transaction, Lucidity had processed over 600 million transactions, with significant transaction growth anticipated this year. With Lucidity's integration, the Umbrella Network will now be the highest transaction volume oracle in the world, achieved through its unique design that allows the aggregation of data.
SEC Charges U.K.-Based Father And Son, And Two Others In Transatlantic Microcap Fraud Scheme

Date 23/09/2021

The Securities and Exchange Commission today filed two complaints in the United States District Court for the Eastern District of New York charging four individuals and five entities for their roles in an allegedly fraudulent microcap scheme that generated more than $10 million in unlawful stock sales. The SEC also is seeking an order to freeze the assets of seven of the defendants and one relief defendant.

SEC Charges Firm And Two Principals In First-Ever Actions Enforcing Rule On Duties Of Municipal Advisors

Date 23/09/2021

The Securities and Exchange Commission today charged a Texas- and Colorado-based municipal advisor, Choice Advisors LLC, and its two principals, Matthias O'Meara and Paula Permenter, with violating their duties, engaging in unregistered municipal advisory activities, and related misconduct with respect to Choice's charter school clients. The actions are the first-ever SEC cases enforcing Municipal Securities Rulemaking Board Rule G-42 on the duties of non-solicitor municipal advisors.
U.S. Treasury Announces Inaugural Round Of Small Dollar Loan Program Awards - $10.8 Million Awarded To CDFIs To Provide Alternatives To High Cost Small Dollar Loans

Date 23/09/2021

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded more than $10.8 million in grants to Community Development Financial Institutions (CDFIs) today, through the fiscal year (FY) 2021 round of the Small Dollar Loan Program (SDL Program), to help expand consumer access to financial institutions by providing alternatives to high cost small dollar lending.
Exchange Of letters Between The Bank Of England Governor And The Chancellor Regarding CPI Inflation - September 2021

Date 23/09/2021

If inflation moves away from the target by more than 1 percentage point in either direction, the Governor is required to send an open letter to the Chancellor explaining why inflation has moved away from target and what action the Bank is taking to bring inflation back to target.
New President For CISI Gibraltar National Advisory Council Appointed

Date 23/09/2021

The Chartered Institute for Securities & Investment (CISI), the leading global professional body for securities, investment, wealth, and financial planning, has announced the appointment of Mary Boyd ACSI as the new President of its Gibraltar National Advisory Council (NAC).Taking over from Ian Woods, Chartered MCSI Mary will lead in overseeing the Council’s activities in the region.
SEC Charges Quant Analyst In Multimillion Dollar Front-Running Scheme

Date 23/09/2021

The Securities and Exchange Commission today announced charges against Sergei Polevikov, who worked as a quantitative analyst at two prominent asset management firms, for perpetrating a years-long front-running scheme that generated illicit profits of at least $8.5 million.