News Centre

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").

US Department Of Justice: JPMorgan Chase & Co. Agrees To Pay $920 Million In Connection With Schemes To Defraud Precious Metals And U.S. Treasuries Markets

Date 29/09/2020

JPMorgan Chase & Co. (JPMorgan), a New York, New York-based global banking and financial services firm, has entered into a resolution with the Department of Justice to resolve criminal charges related to two distinct schemes to defraud: the first involving tens of thousands of episodes of unlawful trading in the markets for precious metals futures contracts, and the second involving thousands of episodes of unlawful trading in the markets for U.S. Treasury futures contracts and in the secondary (cash) market for U.S. Treasury notes and bonds.

J.P. Morgan Securities Admits To Manipulative Trading In U.S. Treasuries

Date 29/09/2020

The Securities and Exchange Commission today announced charges against J.P. Morgan Securities LLC, a broker-dealer subsidiary of JPMorgan Chase & Co., for fraudulently engaging in manipulative trading of U.S. Treasury securities. J.P. Morgan Securities admitted the findings in the SEC's order, and agreed to pay disgorgement of $10 million and a civil penalty of $25 million to settle the action.

CFTC Orders JPMorgan To Pay Record $920 Million For Spoofing And Manipulation

Date 29/09/2020

The Commodity Futures Trading Commission today issued an order filing and settling charges against JPMorgan Chase & Company (JPMC & Co.) and its subsidiaries, JPMorgan Chase Bank, N.A., and J.P. Morgan Securities LLC (JPMS) (collectively, JPM), for manipulative and deceptive conduct and spoofing that spanned at least eight years and involved hundreds of thousands of spoof orders in precious metals and U.S. Treasury futures contracts on the Commodity Exchange, Inc., the New York Mercantile Exchange, and the Chicago Board of Trade. This case is brought in connection with the Division of Enforcement’s Spoofing Task Force.