News Centre

SEC Levies More Than $3.8 Million In Penalties In Sweep Of Late Beneficial Ownership And Insider Transaction Reports - Alphabet, Goldman Sachs Among Parties Charged For Late Filings

Date 25/09/2024

The Securities and Exchange Commission today announced settled charges against 23 entities and individuals for failures to timely report information about their holdings and transactions in public company stock. Two public companies were also charged for contributing to filing failures by their officers and directors and failing to report their insiders’ filing delinquencies as required.

How We Got Here: A Perspective On Inflation And The Labor Market, Federal Reserve Governor Adriana D. Kugler, At The Mossavar-Rahmani Center For Business And Government, Harvard Kennedy School, Cambridge, Massachusetts

Date 25/09/2024

Thank you, John, and thank you for the opportunity to speak here today.1 It is good to be back at the Kennedy School and in particular at the Mossavar-Rahmani Center, which has a long tradition of engaging on important policy issues.

CFTC Orders Swap Dealer To Pay $1.5 Million Penalty For Position Limit Violations, And Supervision And Position Limit Monitoring Failures

Date 25/09/2024

The Commodity Futures Trading Commission today issued an order filing and settling charges against Merrill Lynch Commodities, Inc., based in Houston, for exceeding the federal and ICE Futures U.S. position limits in contracts that reference natural gas futures traded on the New York Mercantile Exchange and for swap dealer supervision and position limit monitoring failures.

Statement Of CFTC Commissioner Summer K. Mersinger Regarding Extension Of No-Action Position From Certain Reporting Obligations

Date 25/09/2024

I support an extension of the staff no-action position in Letter No. 20-30 from certain reporting obligations under the Commodity Futures Trading Commission’s Ownership and Control Reports (“OCR”) final rules.

Canadian Investment Regulatory Organization: Recovery Scams On The Rise

Date 25/09/2024

The Canadian Anti-Fraud Centre (CAFC) and the Canadian Investment Regulatory Organization (CIRO) are warning investors about the increase of “recovery scams”. In most instances, these are frauds on top of fraud.

ICE First Look At Mortgage Performance: Mortgage Delinquencies Remain Low Despite Modest Year-Over-Year Rise

Date 25/09/2024

• The national delinquency rate fell 3 basis points (bps) to 3.34% in August, dropping 0.9% for the month but up 5.1% from last year
• The number of borrowers a single payment past due dropped by -26K, while 60-day delinquencies rose marginally by 1K
• Serious delinquencies (loans 90+ days past due but not in active foreclosure) rose 14K (+3.3%) to a six-month high, but remain historically low
• Foreclosure starts fell by 9% from the month prior and remain 32% below their 2019 levels
• Active foreclosure inventory also improved in the month, with the share of mortgages in foreclosure hitting the second-lowest level on record outside of the COVID-19 moratorium
• 5.6K foreclosure sales were completed nationally in August – a +2.6% month-over-month increase, yet down -18.1% from last year and 58% below 2019 levels
• Prepayment activity (SMM) rose to 0.62% – a level not seen in two years (August 2022) – on easing rates, rising by 4.7% from July and 18.0% from last year

CFTC Staff Extends No-Action Position For Certain Reporting Obligations Under The Ownership And Control Reports Final Rule

Date 25/09/2024

The Commodity Futures Trading Commission’s Division of Market Oversight (DMO) today issued a no-action letter that extends the current no-action position for reporting obligations under the ownership and control reports final rule (OCR Final Rule). The OCR Final Rule, approved in 2013, requires the electronic submission of trader identification and market participant data for special accounts and volume threshold accounts through Form 102 and Form 40.

CFTC Swaps Report Update

Date 25/09/2024

The Weekly Swaps Report is released every Monday at 3:30 p.m. ET. The CFTC has released next week's report (September 30, 2024), today Wednesday, September 25, 2024. The next report will be released on Monday, October 7, 2024, resuming the weekly release schedule.

Acting Comptroller, US Office Of The Comptroller Of the Currency Discusses Financial Inclusion

Date 25/09/2024

Acting Comptroller of the Currency Michael J. Hsu today discussed the importance of financial inclusion in remarks at the Inclusive Finance for Development: 15 Years of Impact event in New York City hosted by United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development.

Expanded Opening And Intra-Day Quote Width Requirements And Order Monitor Settings For Certain Symbols Trading On MIAX Options And MIAX Emerald Options Through Tuesday, December 31, 2024

Date 25/09/2024

MIAX Options and MIAX Emerald Options have increased the maximum valid bid/ask differentials for Market Makers for certain symbols traded on the Exchanges. The current Market Maker extended quote width requirements will remain in effect for an expanded period through Tuesday, December 31, 2024, unless withdrawn by the Exchange before that time.