News Centre

MIAX Exchanges Options Regulatory Fee Update

Date 30/09/2019

Pending regulatory approval, the MIAX Exchanges will charge ORF at $0.0020 per contract side for MIAX Options and MIAX PEARL, and $0.0013 per contract side for MIAX Emerald for September 30, 2019, consistent with the ORF charges for every other trading day in September.

CFTC Charges Former Registrant With Making False And Misleading Statements During A CFTC Investigation

Date 30/09/2019

The U.S. Commodity Futures Trading Commission today issued an order filing and settling charges against Rafael Novales for making false and misleading statements of material fact to CFTC staff during an investigation by the agency’s Division of Enforcement. 

SEC Charges Hedge Fund Adviser And Top Executives With Fraud

Date 30/09/2019

The Securities and Exchange Commission today charged SBB Research Group, LLC, a Chicago-area hedge fund adviser and its two top executives with a multi-year fraud that inflated fund values.

CFTC Charges Three Individuals with Fraudulently Soliciting U.S. Customers in Binary Options Scheme

Date 30/09/2019

The U.S. Commodity Futures Trading Commission today issued three orders filing and simultaneously settling charges against three individuals who each fraudulently solicited customers in the United States to enter into illegal, off-exchange binary options transactions through internet websites using fictitious trade names such as “BinaryBook” and “BigOption.” The individuals are Liora Welles of California, Yair Hadar of Florida, and Shira Uzan of California.

SEC Orders Blockchain Company To Pay $24 Million Penalty For Unregistered ICO

Date 30/09/2019

The Securities and Exchange Commission today announced settled charges against blockchain technology company Block.one for conducting an unregistered initial coin offering of digital tokens (ICO) that raised the equivalent of several billion dollars over approximately one year.  The company agreed to settle the charges by paying a $24 million civil penalty.

CFTC Orders Chicago Trading Firm And Its Co-Founder To Pay $2.5 Million In Penalties For Spoofing And Manipulative Trading Scheme

Date 30/09/2019

The U.S. Commodity Futures Trading Commission announced today the filing and settling of enforcement actions against Hard Eight Futures, LLC and Igor Chernomzav for spoofing – bidding or offering with the intent to cancel the bid or offer before execution – and for engaging in a manipulative and deceptive trading scheme.  Hard Eight is a proprietary trading firm located in Chicago, Illinois.  Chernomzav is a founder, partner of, and trader for, Hard Eight, and resides in Monsey, New York.

New Fraud Research: Low Financial Literacy Levels And Social Isolation Increase Consumers’ Likelihood Of Being Scammed - Joint Research By FINRA Foundation, BBB And Stanford Center For Longevity Show Increased Public Awareness From News Media Reports, Word Of Mouth And Business Intervention Boost Consumers’ Defenses

Date 30/09/2019

The FINRA Investor Education Foundation (FINRA Foundation) today released new fraud research that shows that the scams with the highest engagement and victimization rates involve online purchases and social media—outpacing telephone, mail and email fraud. In addition, individuals who are socially isolated or who have low financial literacy levels are more likely to lose their money to a fraudster.

S&P Dow Jones Indices: Europe Dashboard

Date 30/09/2019

• Despite looming trade tensions with the United States, slowing growth, particularly in Germany, and lack of clarity from the U.K. on its path to an exit from the E.U., European equities ended Q3 in positive territory. 
• The S&P Europe 350® is on pace for its best year in decades, with defensive sectors leading the way up this quarter. 
• Yields ticked down across the eurozone on the prospect of additional European Central Bank stimulus, lifting fixed income indices.  Greek and Italian sovereign bonds had particularly strong quarters.  

Bahamas International Securities Exchange: FG Capital Markets Ltd No Longer A BISX Broker Dealer And Sponsor Member

Date 30/09/2019

The Bahamas International Securities Exchange Limited  (BISX) wishes to notify BISX Broker-Dealer Members that FG Capital Markets Ltd. has surrendered its BISX Broker Dealer and Sponsor Membership and as a result has been removed from the List of Broker Dealers and the List of Sponsor Members.

ESMA Analyses Use Of Derivatives BY UCITS Equity Funds

Date 30/09/2019

The European Securities and Markets Authority (ESMA), the EU’s securities market regulator, has conducted a study on the use of derivatives by UCITS equity funds in collaboration with researchers from the Technical