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  • CFTC Unanimously Approves An Interim Final Rule And A Proposed Rule At May 28 Open Meeting

    Date 28/05/2020

    The Commodity Futures Trading Commission at its open meeting today unanimously approved an interim final rule to grant an extension of the compliance schedule for initial margin requirements for uncleared swaps in response to operational challenges certain entities are facing due to the COVID-19 (coronavirus) pandemic. The Commission also unanimously approved a proposed rule which provides an exemption from registration as a commodity pool operator (CPO) for certain foreign persons.

  • Intercontinental Exchange Chairman & CEO Jeffrey C. Sprecher To Present At The Piper Sandler Global Exchange & FinTech Conference On June 4

    Date 28/05/2020

    Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced today that Jeffrey C. Sprecher, Chairman and CEO, will present at the Piper Sandler Global Exchange and FinTech Conference. The presentation will take place on Thursday, June 4 at 10:30 a.m. ET. The presentation will be available live and in replay via webcast and can be accessed in the investor relations and media section of ICE’s website at http://ir.theice.com/.

  • Remarks Of CFTC Director Of Enforcement James Mcdonald At Futures Industry Association Fireside Chat

    Date 28/05/2020

    Thank you for that introduction and thanks to all the folks at FIA for hosting me.  And thank you all for being with us today, if only virtually.  We at the CFTC are wishing everyone the best, and hoping all of you stay safe and healthy during this difficult time.  We look forward to being back together in person, hopefully before too long.


  • FINRA Sanctions Stifel, Nicolaus & Co., Inc. More Than $3.6 Million For Violations Involving Unit Investment Trusts

    Date 28/05/2020

    FINRA announced today that it has ordered Stifel, Nicolaus & Company, Incorporated to pay approximately $1.9 million in restitution, plus interest, to more than 1,700 customers in connection with early rollovers of Unit Investment Trusts (UITs). FINRA also fined the firm $1.75 million for providing inaccurate information to customers related to rollover costs incurred, and for related supervisory violations.

  • SEC: Unregistered $25.5 Million ICO Issuer To Return Money For Distribution To Investors

    Date 28/05/2020

    The Securities and Exchange Commission today announced charges against blockchain services company BitClave PTE Ltd. headquartered in San Jose, California, for conducting an unregistered initial coin offering (ICO) of digital asset securities.  BitClave agreed to settle the charges by returning proceeds from the offering and paying additional monetary relief to be distributed to investors through a Fair Fund.