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  • Statement On FINRA Rule Regarding High-Risk Firms, SEC Commissioner Allison Herren Lee, SEC Commissioner Caroline A. Crenshaw, July 30, 2021

    Date 30/07/2021

    Today, the Commission approved FINRA’s proposed rule change to, among other things, impose additional obligations on FINRA member firms with a significant history of misconduct, as well as those firms that employ individual brokers with such histories (collectively “high risk firms”). We appreciate FINRA’s attention to these high risk firms because they raise important investor protection concerns.  We were pleased to see FINRA’s commitment to working with state securities regulators to share information regarding these firms. We are also pleased that FINRA’s Board recently approved a plan for a separate filing to disclose the identities of high risk firms to the public, which it expects to file promptly.  A firm’s high-risk status is important information and will help investors make informed choices about the firms they select.  We intend to monitor this important investor protection issue and will evaluate whether additional steps may be needed to address recidivist firms and brokers. 

  • AELP Link To Boost Trading Between NGX And Other African Exchanges

    Date 30/07/2021

    Cross-border trading from one African securities exchange to another comes a step closer today, after the African Securities Exchanges Association (ASEA) signed a contract to procure an order-routing system. Seven of Africa’s leading securities Exchanges are working together in the African Exchanges Linkage Project (AELP) to boost pan-African investment flows and bring more liquidity to African markets.

  • Nadex Refrains From Listing Certain Contracts

    Date 30/07/2021

    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: 

    • No GBP/JPY 5-Minute contacts were listed for the 6:05pm ET expiration time on trade date July 29, 2021.

  • Readout: US Deputy Secretary Of The Treasury Wally Adeyemo’s Roundtable Discussion With Bank Policy Institute CEOs

    Date 30/07/2021

    Today, Deputy Secretary of the Treasury Wally Adeyemo met with three CEOs from the Bank Policy Institute (BPI) Board of Directors to discuss issues related to economic inclusion.


  • IMF Managing Director Kristalina Georgieva Appoints Catriona Purfield As Director Of Human Resources

    Date 30/07/2021

    International Monetary Fund Managing Director Kristalina Georgieva announced today her intention to appoint Catriona Purfield as Director of the Fund’s Human Resources Department. Ms. Purfield, who is currently Deputy Director of the IMF’s African Department, will succeed Kalpana Kochhar, whose retirement was recently announced. She is expected to take up her position on August 16, 2021.