News Centre

SEC: Two Celebrities Charged With Unlawfully Touting Coin Offerings

Date 29/11/2018

The Securities and Exchange Commission today announced settled charges against professional boxer Floyd Mayweather Jr. and music producer Khaled Khaled, known as DJ Khaled, for failing to disclose payments they received for promoting investments in Initial Coin Offerings (ICOs). These are the SEC's first cases to charge touting violations involving ICOs.

ASIC Assessment Of Yieldbroker

Date 29/11/2018

The Australian Securities and Investments Commission (ASIC) has reported on its assessment of the market operated by Yieldbroker Pty Ltd (Yieldbroker).

New Zealand’s Financial Markets Authority Reports On Wynyard Investigation

Date 29/11/2018

The Financial Markets Authority (FMA) today published the findings of its investigation into Wynyard Group Limited’s (Wynyard) compliance with continuous disclosure and fair dealing obligations.

CFTC’s Market Risk Advisory Committee Announces Agenda For December 4 Public Meeting

Date 29/11/2018

The Commodity Futures Trading Commission (CFTC) today announced the agenda for the upcoming Market Risk Advisory Committee (MRAC) public meeting that will be held on December 4, 2018 at CFTC’s headquarters in Washington, D.C. [See CFTC Press Release 7846-18 for attending, viewing and listening instructions.]

Ibovespa Breaks New Record And Reaches 89.709 Points

Date 29/11/2018

B3’s main stock market performance index – Ibovespa – hit a record high today ending the day at 89,709 points, up 0,51%  from last trading session. The previous Ibovespa record of 89,598 points was recorded on November 5^th, 2018.

Jina L. Choi, Regional Director Of The SEC’s San Francisco Office, To Leave the Agency After Over 16 Years Of Service

Date 29/11/2018

The Securities and Exchange Commission today announced that Jina L. Choi, Director of the agency’s San Francisco Regional office, will leave the agency at the end of this month after more than 16 years of service. Under Ms. Choi’s leadership since 2013, the San Francisco office has brought numerous groundbreaking enforcement actions that have benefited Main Street investors, including most recently actions involving Tesla and its CEO and now former Chairman Elon Musk, Theranos and its founder Elizabeth Holmes, as well as Yahoo!.

Remarks Of CFTC Commissioner Brian Quintenz At FIA Asia 2018

Date 29/11/2018

Introduction

Thank you for that very kind welcome.  Before I begin, let me quickly say that the views contained in this speech are my own and do not represent the views of the Commodity Futures Trading Commission (Commission or CFTC).

Let me just say a word about how impressed I am with our host jurisdiction.  Singapore is a global hub for finance, trade, technology, and culture.  Home to 5.6 million residents, this diverse city-state has achieved an unparalleled degree of economic prosperity.  In 2018, the per-person income in Singapore was 321% of the global average.[1] And yet, Singapore’s extraordinary economic growth and high standards of living were not always a fait accompli. In 1970, the per-person income was 54% of the global average.  The dynamic success of the Singaporean economy may have something to do with the consistency of its commitment to economic freedoms over that period of time.

US Department Of Justice Begins Third Distribution Of Funds Recovered Through Asset Forfeiture To Compensate Victims Of Bernard Madoff Fraud Scheme

Date 29/11/2018

The Department of Justice today announced that on Nov. 29, the Madoff Victim Fund (MVF) began its third distribution of $695.4 million in funds forfeited to the U.S. Government in connection with the Bernard L. Madoff Investment Securities LLC (BLMIS) fraud scheme, bringing the total distributed to nearly $2 billion.  These funds will be sent to over 27,000 victims across the globe, bringing their total recovery to 56.65 percent. This distribution represents the third in a series of payments that will eventually return over $4 billion to victims as compensation for losses they suffered from the collapse of the BLMIS.  The MVF has received over 65,000 petitions from victims in 136 countries. 

Canadian Securities Regulators Caution Issuers About Problematic Promotional Activities

Date 29/11/2018

The Canadian Securities Administrators (CSA), today published CSA Staff Notice 51-356, Problematic promotional activities by issuers, cautioning companies to avoid promotional activities that may artificially increase an issuer’s share price or trading volume, or may mislead investors.

Federal Reserve Board Releases Results Of Survey Of Senior Financial Officers At Banks Regarding Their Reserve Balance Management Strategies And Practices

Date 29/11/2018

The Federal Reserve Board on Thursday released results of a survey of senior financial officers at banks regarding their reserve balance management strategies and practices. The Senior Financial Officer Survey has been used on occasion by the Board to obtain information about deposit pricing and behavior, bank liability management, the provision of financial services, and reserve management strategies and practices. The most recent survey was conducted in collaboration with the Federal Reserve Bank of New York between August 29, 2018, and September 12, 2018, and includes responses from banks that held roughly two-thirds of total reserve balances at the time of the survey.