News Centre

SEC Charges Ratings Agency With Internal Controls Failures In Connection With Ratings Of CMBS And CLO Combo Notes

Date 29/09/2020

The Securities and Exchange Commission today announced that the credit ratings agency Kroll Bond Rating Agency Inc. (KBRA) has agreed to pay more than $2 million to settle separate charges relating to the rating of commercial mortgage-backed securities (CMBS) and of collateralized loan obligation combination notes (CLO Combo Notes).

Remarks At U.S. Treasury Market Conference, CFTC Commissioner Elad L. Roisman, Washington D.C., Sept. 29, 2020

Date 29/09/2020

Good Morning.  Thank you Brian [Smith] for that kind introduction.  I am pleased to join you again this year to continue our discussion on ways to enhance the structure of the U.S. Treasury market.  Thank you to the Department of the Treasury, the Federal Reserve Bank of New York, the Board of Governors of the Federal Reserve System and the Commodity Futures Trading Commission as well as to their staffs and the staff of the SEC for tirelessly working to improve this critically important market.  Thank you in particular to Nate Wuerffel, Rania Perry, and the staff at the New York Fed; to Brian Smith and the staff at the Treasury Department; and to David Saltiel, Patrick Norton, and the staff at the SEC for your work on this conference and more broadly for your work in this market.  Next year, we will all hopefully be able to meet together in person.

Ontario Securities Commission Seeks Applications For Small Business Advisory Committee

Date 29/09/2020

The Ontario Securities Commission (OSC) is seeking members for its Small Business Advisory Committee (formerly the Small and Medium Enterprises Committee).

Alberta Securities Commission Connect 2020 Brings Together Government And Industry Leaders For Insightful Conversations On Alberta’s Plan For Recovery

Date 29/09/2020

The Alberta Securities Commission (ASC) today announced its speakers for the fourth annual ASC Connect conference to be held on October 27, 2020. The theme of this year’s free virtual event is Adapting to New Market Realities and Fostering Resilience. 

Federal Reserve: September 2020 Senior Loan Officer Opinion Survey On Bank Lending Practices

Date 29/09/2020

The Federal Reserve conducted a supplementary Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) to understand the experiences of domestically chartered banks with the Main Street Lending Program (MSLP). The survey consisted of a set of questions that focused on four areas: commercial and industrial (C&I) loan inquiries and banks’ participation in the MSLP since mid-June, when lender registration started; banks’ outlook regarding their participation in the program; factors that may have shaped banks’ willingness to participate; and characteristics of borrowers inquiring and receiving MSLP loans.

CFTC Charges Slovakian Men And Their Company With Spoofing In Crude Oil Futures Markets

Date 29/09/2020

The Commodity Futures Trading Commission today filed a civil enforcement action in the U.S. District Court for the Northern District of Illinois against Roman Banoczay Jr., Roman Banoczay Sr., and their company, BAZUR Spol. S.R.O., of Bratislava, Slovakia, charging them with spoofing and engaging in a manipulative and deceptive scheme in the crude oil futures markets. 

Bloomberg News Reports CME Notifies Traders Of COVID-19 Case In Eurodollar Options Pit

Date 29/09/2020

Bloomberg News  reported that CME Group informed its members of a positive COVID-19 case in someone who had been in the eurodollar options pit on Sept. 25, 2020.

CFTC Commissioner Rostin Behnam To Participate In A Discussion On Developments In ESG Regulatory Policy At ESG & Derivatives, An ISDA Virtual Conference

Date 29/09/2020

SEC Charges Unregistered Brokers In Penny Stock Scheme Targeting Seniors

Date 29/09/2020

The Securities and Exchange Commission today charged three Florida residents with fraudulent sales of stock in NIT Enterprises Inc., a South Florida technology company. The SEC previously charged NIT Enterprises, its former CEO, and two SEC-barred brokers with allegedly defrauding over 100 retail investors, many of them seniors.

TP ICAP: Discussions Regarding The Proposed Acquisition Of Liquidnet

Date 29/09/2020

TP ICAP plc ("TP ICAP" or the "Company" and, together with its subsidiaries, the "Group") announces that it is in advanced discussions relating to the proposed acquisition of the entire issued share capital of Liquidnet Holdings, Inc. ("Liquidnet" and, together with its subsidiaries and the Group, the "Enlarged Group") for a total consideration of between US$600m and US$700m comprising approximately US$550m upfront, deferred non-contingent consideration of US$50m and an earn-out of up to US$100m (the "Potential Acquisition").