News Centre

SEC Revokes Registration Of Adviser Engaged In $60 Million Fraud

Date 26/11/2019

The Securities and Exchange Commission today revoked the registration of New York-based investment adviser International Investment Group LLC (IIG), which the Commission recently charged with securities fraud for hiding losses in its flagship hedge fund and selling at least $60 million in fake loan assets to clients.

Nasdaq Announces Mid-Month Open Short Interest Positions In Nasdaq Stocks As Of Settlement Date November 15, 2019

Date 26/11/2019

At the end of the settlement date of November 15, 2019, short interest in 2,391 Nasdaq Global Market^SM securities totaled 8,223,360,638 shares compared with 8,255,893,816 shares in 2,376 Global Market issues reported for the prior settlement date of October 31, 2019. The mid-November short interest represents 4.45 compared with 5.27 days for the prior reporting period.

Statement On The Re-Proposal To Regulate Funds' Use Of Derivatives As Well As Certain Sales Practices: SEC Commissioner Hester M. Peirce, SEC Commissioner Elad L. Roisman, Nov. 26, 2019

Date 26/11/2019

We thank the staff of the Division of Investment Management (the “Division”) for undertaking the challenging task of devising and presenting for Commission vote a proposal to modernize the way we regulate the use of derivatives in investment funds’ portfolios. Derivatives are essential financial tools in today’s markets. They enable portfolio managers of registered investment companies and business development companies (“funds”) to manage and hedge risk, enhance portfolio liquidity, efficiently gain or reduce exposure to certain asset classes, reduce transaction costs, reduce volatility, increase yield, and otherwise assist in portfolio management. If funds were prohibited from using derivatives, investors would incur higher costs and greater risks for the same market exposure.

Federal Reserve Review Of Monetary Policy Strategy, Tools, And Communications: Some Preliminary Views, Federal Reserve Governor Lael Brainard, At The Presentation Of The 2019 William F. Butler Award New York Association For Business Economics, New York, New York

Date 26/11/2019

It is a pleasure to be here with you. It is an honor to join the 45 outstanding economic researchers and practitioners who are past recipients of the William F. Butler Award. I want to express my deep appreciation to the New York Association for Business Economics (NYABE) and NYABE President Julia Coronado.

FSB: Regulatory Framework For Haircuts On Non-Centrally Cleared Securities Financing Transactions

Date 26/11/2019

This report was originally published on 12 November 2015. Updates were made on 19 July and 26 November 2019.

SEC Charges Biotech Company And Executives With Accounting Fraud

Date 26/11/2019

The Securities and Exchange Commission today charged Georgia-based biotech company MiMedx Group Inc. and three former top executives with defrauding investors by misstating the company’s revenue and attempting to cover up their misconduct. MiMedx has agreed to a settlement to resolve the claims.

CFTC Orders Goldman Sachs To Pay $1 Million For Recordkeeping Violations

Date 26/11/2019

The U.S. Commodity Futures Trading Commission today issued an order filing and simultaneously settling charges against Goldman Sachs & Co. LLC for failing to make and keep certain audio recordings as required under CFTC regulations for swap dealers. 

Peggy Sullivan Wins Women In Finance Award For Excellence In Service Providers - Honored In Markets Media Markets Choice Awards For Women In Finance 2019

Date 26/11/2019

Vela, a leading independent provider of trading and market access technology for global multi-asset electronic trading solutions, announced that its Chief of Staff Peggy Sullivan has been recognized for Excellence in Service Providers at Markets Media’s 5th Annual Markets Choice Awards: Women in Finance presented at a gala dinner in New York last week.

MGEX Achieves Top 25 Daily Volume Records

Date 26/11/2019

MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), recorded a pair of top-25 records on Monday, November 25th, including the 22nd-best total daily volume in its history with 22,670 contracts traded. 

The Tel-Aviv Stock Exchange Ltd. Reports Its Third Quarter 2019 Results: TASE Closes Out A Strong Quarter Characterized By Robust Growth In Revenue, Profit And Profitability

Date 26/11/2019

• The adjusted net profit for the third quarter of 2019 amounted to NIS 7.2 million, compared to the adjusted profit of NIS 2 million for the corresponding quarter in 2018 – a 266% increase
• The adjusted net profit for the first nine months of 2019 amounted to NIS 18.2 million, compared to NIS 13.9 million for the corresponding period last year – a 31% increase
• TASE’s revenues for the quarter grew by 14% compared to the corresponding quarter last year and amounted to NIS 66 million
• Adjusted EBITDA for the quarter jumped to NIS 17 million, compared to NIS 11.6 million for – a 47% increase
• The excess proceeds from the issuance process, which amount to close to NIS 22 million, have contributed significantly to increasing the Company’s liquidity and its equity