News Centre

PIABA Foundation/PIABA: NEW FINRA Steps To Fix Flaws In Broker Misconduct “Expungement” Process Won’t Work, Independent Investor Advocate Needed - 1,000+ Percent Increase In Expungement Awards: As SEC Heads To May 28th Review Of FINRA Rules, Third PIABA Foundation/PIABA Study Of Process Wiping Clean Broker Records Finds Major Problems Persist And New Steps Needed To Prevent “Unchallenged” Expungements

Date 18/05/2021

The “expungement” process in which brokers facing complaints from aggrieved investors are allowed to erase all evidence of misconduct is surging out of control and just underwent its third major review by the PIABA Foundation and the Public Investors Advocate Bar Association (PIABA).  After analyzing 700 expungements from August 1, 2019 to October 31, 2020, the two groups concluded FINRA’s proposed rules headed for May 28th review by the U.S. Securities and Exchange Commission (SEC) do not go far enough and that significant new steps – including the creation of an independent Investor Advocate empowered to oppose expungement requests – need to be taken.

Canadian Securities Regulators Publish Detailed Data For Sixth Year Review Of Women On Boards And In Executive Officer Positions

Date 18/05/2021

The securities regulatory authorities in Manitoba, New Brunswick, Nova Scotia, Ontario, Québec and Saskatchewan (the participating jurisdictions) today published the underlying data used to prepare the sixth year review of women on boards and in executive officer positions.

BOX Options Market: Update To Trade Detail Files

Date 18/05/2021

BOX Options Market LLC (“BOX”) will update the Daily and Monthly Trade Detail files. The July 2021 Monthly Trade Detail file, which will be published in early August, will be in the new file format.

Moscow Exchange: Risk Parameters Change For The Securities

Date 18/05/2021

The following risk parameters will be changed:

IR risk (downward scenario) - SECΔ_1 (Y0/Y1):

CFTC Orders Connecticut Firm To Pay $500,000 For Wash Sales

Date 18/05/2021

The Commodity Futures Trading Commission today issued an order filing and settling charges against respondent SummerHaven Investment Management LLC, a Connecticut commodity trading advisor and commodity pool operator, for engaging in wash sales and non-competitive transactions on the InterContinental Exchange and various Chicago Mercantile Exchange exchanges, and for failing to diligently supervise its activities.

F10 Launches First WealthTech And RegTech Acceleration Program In Spain By The Hand Of BME And Renta 4 Banco

Date 18/05/2021

F10 together with its corporate partners will launch the first Acceleration Program in Spain focused on accelerating innovative solutions in the areas of WealthTech and RegTech. The 3-month program runs from September until November 2021 in Madrid, Spain.

Climate Change – Plotting Our Course To Net Zero - Speech By Sarah Breeden, Bank Of England Executive Director, UK Deposit Takers Supervision, Given At The University Of Edinburgh And Environmental Association For Universities And Colleges Webinar

Date 18/05/2021

Sarah Breeden talks about how financial services firms in the UK can act as stewards in the move to a ‘net zero’ economy. And she shares her experiences of designing climate scenarios.

Adriano Care SOCIMI Receives Favourable Report From BME Growth

Date 18/05/2021

• The company, which is the first to join this BME market in 2021, will debut with a valuation of 121.2 million euros

Bank Of England: Minutes Of The Working Group On Sterling Risk-Free Reference Rates - March 2021

Date 18/05/2021

The Working Group on Sterling Risk-Free Reference Rates, which is comprised of a diverse set of market participants, is working to catalyse a broad-based transition to SONIA by end-2021.

Remarks By European Commissioner Gentiloni At The Press Conference On The Communication On Business Taxation 21

Date 18/05/2021

Thank you Valdis and good afternoon. I think it is very important and useful that the EU puts on the table this Business Taxation Strategy in this very moment because we have a strong acceleration on the global discussion on taxation and having our view and plans for business taxation in the 21st century is I think timely and important.