News Centre

Federal Reserve Board Clarifies Guidance As It Relates To Definitions For Minority Depository Institutions

Date 05/03/2021

The Federal Reserve on Friday clarified guidance as it relates to definitions for minority depository institutions (MDIs), expanded the MDI definition to include women-owned financial institutions, and highlighted resources available to MDIs through its Partnership for Progress (PFP) program. The Federal Reserve System supports an inclusive financial system and understands the challenges inherent in providing access to credit and other financial services in traditionally underserved areas. The System remains strongly committed to identifying and carrying through all opportunities to support MDIs, consistent with its statutory mandates.

CFTC Charges Wisconsin Man With Fraud And Misappropriation

Date 05/03/2021

The Commodity Futures Trading Commission today filed a civil enforcement action in the U.S. District Court for the Eastern District of Wisconsin against Robert Narvett of Appleton, Wisconsin, charging him with fraud and misappropriation of more than $196,000 from at least two individuals. The CFTC’s complaint also charges Narvett for failing to register with the CFTC as a Commodity Trading Advisor as required under the Commodity Exchange Act (CEA).

SEC Charges AT&T And Three Executives With Selectively Providing Information To Wall Street Analysts

Date 05/03/2021

The Securities and Exchange Commission today charged AT&T, Inc. with repeatedly violating Regulation FD, and three of its Investor Relations executives with aiding and abetting AT&T's violations, by selectively disclosing material nonpublic information to research analysts.

CFTC Commitments Of Traders Update

Date 05/03/2021

The current reports for the week of March 2, 2021 are now available.

Nadex Temporarily Amends Binary Contracts Strike Width

Date 05/03/2021

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(d) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) hereby provides notice that due to increased volatility in the underlying markets upon which the Nadex contracts are based, Nadex made changes to the strike widths of various contracts during the week of March 1, 2021 as indicated in the Weekly Notice.

ISDA Statement On UK FCA LIBOR Announcement

Date 05/03/2021

ISDA has published the following statement in response to today’s announcement by the UK Financial Conduct Authority (FCA) on the future cessation and loss of representativeness of the LIBOR benchmarks.

Nadex Refrains From Listing Certain Contracts

Date 05/03/2021

ESMA Issues Latest Double Volume Cap Data

Date 05/03/2021

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has updated today its public register with the latest set of double volume cap (DVC) data under MiFID II.

SIA: The CEO Steps Down As Part Of The Agreements Provided For In The Merger With Nexi

Date 05/03/2021

During the meeting of SIA’s Board of Directors, convened under the chairmanship of Federico Lovadina, Nicola Cordone announced his decision to step down from his position as CEO and General Manager of SIA to join the CDP Equity team in the role of Senior Advisor on digitalization projects and the EDP sector, effective 8th March 2021.

CFTC Charges Two Individuals With Multi-Million Dollar Digital Asset Pump-And-Dump Scheme - First Manipulative Scheme Charged By CFTC Involving Digital Assets

Date 05/03/2021

The Commodity Futures Trading Commission today filed a complaint in the U.S. District Court for the Southern District of New York charging businessman and computer programmer John McAfee, previously of Tennessee, and his former employee Jimmy Gale Watson, previously of California, for engaging in a manipulative and deceptive digital asset “pump-and-dump” scheme.