News Centre

Nasdaq Announces Mid-Month Open Short Interest Positions In Nasdaq Stocks As Of Settlement Date September 13, 2024

Date 24/09/2024

At the end of the settlement date of September 13, 2024, short interest in 3,057 Nasdaq Global Market^SM securities totaled 12,241,625,467 shares compared with 12,296,040,928 shares in 3,037 Global Market issues reported for the prior settlement date of August 30, 2024. The mid-September short interest represents 3.06 days compared with 3.38 days for the prior reporting period.

SEC Charges Former CEO Of Tech Startup SKAEL With $30 Million Fraud

Date 24/09/2024

The Securities and Exchange Commission today announced fraud charges against Baba Nadimpalli, the co-founder and former CEO of SKAEL Inc., a San Francisco-based private technology company that developed business automation software.

Dissenting Statement Of CFTC Commissioner Caroline D. Pham On The Filing Of Administrative Complaints For Enforcement Actions

Date 24/09/2024

 Commodity Futures Trading Commission (CFTC) Commissioner Caroline D. Pham today released the following statement on the CFTC’s filing of four administrative complaints for enforcement actions before a CFTC temporary hearing officer:

“It is unbelievable that in the wake of the U.S. Supreme Court’s Jarkesy opinion and the heightened scrutiny of agency administrative proceedings, the Commission is doubling down on bringing enforcement actions before a hearing officer—not even an Administrative Law Judge."

SEC Charges Crypto Companies TrustToken And TrueCoin With Defrauding Investors Regarding Stablecoin Investment Program - Companies Also Charged With Unregistered Offer And Sale Of Securities

Date 24/09/2024

The Securities and Exchange Commission today announced settled charges against TrueCoin LLC and TrustToken Inc. for their fraudulent and unregistered sales of investment contracts involving TrueUSD (TUSD), a purported stablecoin.

Dissenting Statement Of CFTC Commissioner Summer K. Mersinger Regarding cryptoiminerstrade.com, Expert Stocks Zone, FalconForexBot, And swiftminingexpert.com

Date 24/09/2024

Each of the four “Unregistered Entity Sweep” matters before the Commodity Futures Trading Commission[1] today seeks a cease-and-desist order and uses the Commission's administrative process to avoid bringing these charges in the federal courts.  I respectfully dissent from the Commission’s use of administrative proceedings to bring an unregistered futures commission merchant (FCM) charge without identifying any relevant facts to support that charge.

CFTC Charges Four Entities For Failing To Register As FCMs

Date 24/09/2024

The Commodity Futures Trading Commission filed charges against four entities for failing to register as futures commission merchants. Each complaint seeks an order directing the entities to cease and desist from committing violations of the Commodity Exchange Act and CFTC regulations as charged.

US Office Of The Comptroller Of The Currency Reports Second Quarter 2024 Bank Trading Revenue

Date 24/09/2024

The Office of the Comptroller of the Currency (OCC) reported cumulative trading revenue of U.S. commercial banks and savings associations of $15.8 billion in the second quarter of 2024. The second quarter trading revenue was $218 million, or 1.4 percent, more than in the previous quarter and $2.2 billion, or 16.0 percent, more than a year earlier.

Like London's Roman Wall, Financial Rules Must Adapt - Speech By Sarah Pritchard, UK Financial Conduct Authority Executive Director, Markets And Executive Director, International At The FT Financial Advice Forum, London

Date 24/09/2024

Highlights

• We have a unique opportunity to do things differently and re-draw our regulations for the better of consumers and firms. 
• This will require open conversations on risk, and the FCA is listening to stakeholder feedback. 
• Firms should act now, embracing data and digital to innovate and meet the needs of their consumers. 

EU Antitrust Storm: Deutsche Boerse And Nasdaq Under The Microscope

Date 24/09/2024

Deutsche Boerse and Nasdaq are currently under investigation by the European Union for potential antitrust violations in financial derivatives. On Tuesday, a spokesperson for Deutsche Boerse confirmed that it had been searched as part of this probe. Similarly, a Nasdaq representative stated they had also been approached. Both companies affirmed their cooperation with the inquiry.

Basel Committee Approves Annual G-SIB Assessment And Advances Follow-Up Response To 2023 Banking Turmoil

Date 24/09/2024

• Discusses recent episodes of market and operational disruptions.
• Basel Committee approves annual assessment exercise for global systemically important banks (G-SIBs).
• Finalises analytical report on liquidity risk insights from the 2023 banking turmoil.