News Centre

SEC Charges Former SeaWorld Associate General Counsel With Insider Trading

Date 09/04/2019

The Securities and Exchange Commission today charged a former senior lawyer at SeaWorld Entertainment Inc. with insider trading based on nonpublic information that the company’s revenue would be better than anticipated for the second quarter of 2018.

New York State Department Of Financial Services Grants Virtual Currency License To Bitstamp USA, Inc. - The Department’s Approval Expands New York’s Virtual Currency Market, Providing More Competition And Choice For Consumers Across The State

Date 09/04/2019

Acting Financial Services Superintendent Linda A. Lacewell today announced that the New York State Department of Financial Services (DFS) has approved the application of Bitstamp USA Inc., a subsidiary of Bitstamp Ltd., for a virtual currency license.

SECret Garden: Remarks At SEC Speaks, SEC Commissioner Hester M. Peirce, SEC Speaks 2019, Washington D.C., April 8, 2019

Date 09/04/2019

I would like to begin with the standard disclaimer plus an additional one that ties with the theme of this speech. The views I represent are my own and not necessarily those of the Commission or my fellow Commissioners. The supplemental disclaimer is that the views of the staff are not necessarily those of the Commission either.

My cousin recently reminded me of a well-known children’s book, The Secret Garden by Frances Hodgson Burnett. The book tells the story of a troubled, young girl who finds herself living with her widowed uncle and troubled cousin on an estate in the wind-swept British moors. The estate has a number of gardens, but one of them has been sealed shut for ten years. The garden is walled and any sign of the erstwhile door is obscured. Even speaking of the garden seems to be frowned upon. Without giving too much of the story away, the girl manages to find the garden door and its buried key. She shares the secret with her cousin and a friend with a green-thumb, and the garden flourishes under its new caretakers, who in turn flourish. By reminding me of this story, my cousin got me thinking about the secret gardens at the SEC, gardens that have been sealed up longer and that are not as rosy or good for the health as the one in the classic story. These gardens are the topic about which I would like to speak today.

Standard Chartered Bank Admits To Illegally Processing Transactions In Violation Of Iranian Sanctions And Agrees To Pay More Than $1 Billion - Iranian National Indicted And Former SCB Employee Pleaded Guilty For Criminal Conspiracy To Violate Iranian Sanctions

Date 09/04/2019

Standard Chartered Bank (SCB), a global financial institution headquartered in London, England, has agreed to forfeiture of $240 million, a fine of $480 million, and to the amendment and extension of its deferred prosecution agreement (DPA) with the Justice Department for an additional two years for conspiring to violate the International Emergency Economic Powers Act (IEEPA).  This criminal conspiracy, lasting from 2007 through 2011, resulted in SCB processing approximately 9,500 financial transactions worth approximately $240 million through U.S. financial institutions for the benefit of Iranian entities. 

Deutsche Börse Creates Leading Index And Portfolio/Risk Analytics Business

Date 09/04/2019

• Deutsche Börse to acquire Axioma for USD 850 million and combine it with its index businesses (STOXX and DAX) valued at EUR 2.6 billion into a new company
• Strategic partnership with General Atlantic as a minority investor in the new company 
• Highly complementary combination creates a uniquely positioned buy-side intelligence leader and growth company with expected synergy opportunities of around EUR 30 million
• Entrepreneurial leadership team to be led by Axioma CEO Sebastian Ceria

CISI 2019 Awards Celebrate Global Finance Student Competitive Edge Achieved Combining Jobs With Study And Self-Improvement

Date 09/04/2019

The CISI 26th annual awards ceremony celebrates outstanding achievement amongst 68 Chartered Institute for Securities & Investment (CISI) global finance students, demonstrating personal dedication and focus while combining work with study.

Invitation Letter By President Donald Tusk To The Members Of The European Council (Art. 50) Ahead Of Their Special Meeting On 10 April 2019

Date 09/04/2019

Last week I received a letter from Prime Minister May requesting a further extension of the Article 50 period, until 30 June 2019. In her letter the Prime Minister states that the UK government's policy remains to leave the EU in an orderly way, and that it is therefore now seeking a consensus across the House of Commons on the right way forward. She also adds that, if the UK were an EU member on 23 May 2019, it would be under a legal obligation to hold elections to the European Parliament.

Deutsche Börse AG - Deutsche Börse Creates A New Index And Portfolio - Risk Analytics Provider With Strong Value Creation Potential

Date 09/04/2019

Deutsche Börse AG ("Deutsche Börse") has entered into binding agreements on the acquisition of Axioma Inc. ("Axioma"), which is a leading provider of portfolio and risk management solutions. Axioma will be combined with Deutsche Börse's entire index business (STOXX and DAX) to create a new company with strong value creation potential.

The Joint Committee Of The ESAs Publishes Its 2018 Annual Report

Date 09/04/2019

The Joint Committee of the European Supervisory Authorities (ESAs) – EBA, EIOPA and ESMA – published today its 2018 Annual Report providing a detailed account of all the joint work achieved in the past year.

TMX Group Equity Financing Statistics – March 2019

Date 09/04/2019

TMX Group today announced its financing activity on Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) for March 2019.