News Centre

Moscow Exchange: Risk Parameters Change For The Security ATVI-RM

Date 05/02/2021

As per the Securities market risk parameters methodology, on 05.02.2021, 10-03 (MSK) the upper bound of the price band (up to 7808) and initial margins (up to 18.75 %) for the security ATVI-RM were changed. New values are available here

Dalian Commodity Exchange Rises To 7th Place Globally In Terms Of 2020 Trading Volume

Date 05/02/2021

Dalian Commodity Exchange (DCE) rises to 7th place globally in terms of 2020 trading volume, according to the Futures Industry Association (FIA) rankings released recently.

Nadex Refrains From Listing Certain Contracts

Date 05/02/2021

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 EUR/JPY, GBP/JPY, or USD/CAD 5-Minute contracts were listed for the 6:05pm expiration time on trade date February 1, 2021. 

Statement From Treasury Regarding The Meeting Between The Treasury Department, Securities And Exchange Commission, Federal Reserve Board, Federal Reserve Bank Of New York, And Commodity Futures Trading Commission

Date 04/02/2021

Secretary of the Treasury Janet L. Yellen convened a meeting with the heads of the Securities and Exchange Commission, Federal Reserve Board, Federal Reserve Bank of New York, and Commodity Futures Trading Commission to discuss recent financial market volatility. They discussed market functionality and recent trading practices in equity, commodity and related markets. The regulators believe the core infrastructure was resilient during high volatility and heavy trading volume and agree on the importance of the SEC releasing a timely study of the events. Further, the SEC and CFTC are reviewing whether trading practices are consistent with investor protection and fair and efficient markets.

Peiffer Wolf: We’ve Been Warning For 18 Months That GPB Capital Is A “Ponzi Scheme” - Madoff Lesson Not Learned? Law Firm Sounded Alarm In Mid-2019 Even As GPB Capital Got A Pass From Most On Wall Street And In Media; “Thousands Of Victims Needlessly Cleaned Out” By Delay In Action

Date 04/02/2021

Joseph Peiffer, managing partner, Peiffer Wolf Carr Kane & Conway, issued the following statement today on the filing of criminal charges against David Gentile, the chief executive of GPB Capital Holdings LLC, Jeffrey Schneider, the owner of GPB’s affiliate Ascendant Capital, and Jeffrey Lash, a former GPB managing partner:

Canadian Securities Regulators Warn Public About Trading Scam Using Fake Accreditation

Date 04/02/2021

The Canadian Securities Administrators (CSA) is warning the public about a trading scam advertised under the name of Mercury Crypto Invest (Mercury). Mercury posted a series of online advertisements, primarily on Kijiji, offering an investment opportunity to people across Canada. 

ICI Global Response To European Commission Consultation On CSDR

Date 04/02/2021

The Investment Company Institute (ICI), the leading association representing regulated funds globally submitted a response to the European Commission's (EC) consultation on the settlement discipline regime under the Central Securities Depositories Regulation (CSDR). 

New York Attorney General James Sues Private Equity Fund Manager For Ponzi-Like Investment Scheme That Defrauded Investors Out Of More Than $700 Million - Defendants Diverted Investor Monies To Pay Off Other Investors, Subsidize Luxury Travel And Purchase Ferrari - New York Investors Alone Invested More Than $150 Million

Date 04/02/2021

New York Attorney General Letitia James today filed a lawsuit against a New York private equity fund manager and five co-defendants for defrauding investors across the country out of more than $700 million through a Ponzi-like scheme that offered to pay investors generous monthly distributions they could never deliver. The suit — filed against New York City based investment advisor GPB Capital Holdings, LLC; two related entities involved in marketing the funds, Ascendant Capital and Ascendant Alternative Strategies; and three individuals, David Gentile, Jeffry Schneider, and Jeffrey Lash — charges the defendants with devising and executing a fraudulent scheme to enrich themselves at the expense of investors without ever delivering a profit to those who invested in the funds. Thousands of investors across the nation invested more than $1.8 billion in GPB funds, including more than 1,400 New Yorkers who invested more than $150 million, on promises of profits on private equity investments in portfolio companies that included automotive dealerships and waste management companies.

New York State Department Of Financial Services Lacewell Announces DFS Issues Cybersecurity Insurance Risk Framework - First Regulator In The Nation To Issue Specific Guidance For Property/Casualty Insurers Writing Cyber Insurance - Department Joins Law Enforcement Authorities Recommending Against Ransom Payments

Date 04/02/2021

Superintendent Linda A. Lacewell today announced the New York State Department of Financial Services (DFS) issued a new Cyber Insurance Risk Framework. The Framework outlines industry best practices for New York-regulated property/casualty insurers that write cyber insurance to effectively manage their cyber insurance risk. The Framework is the first guidance by a U.S. regulator on cyber insurance.

Canadian Securities Regulators Propose To Modernize Registration Information Requirements, Clarify Outside Activity Reporting And Update Filing Deadlines

Date 04/02/2021

The Canadian Securities Administrators (CSA) is proposing targeted changes to provide registered firms and individuals with greater clarity on what information is required as part of the registration process, while also improving the quality of information received by regulators. These changes are expected to result in a more efficient registration and oversight process.