News Centre

New Zealand Financial Markets Authority Statement On Court Of Appeal judgment In Viaduct Capital And Mutual Finance

Date 16/08/2019

The FMA notes the judgment from the Court of Appeal, setting aside of some of the convictions, and the associated reduction of a sentence, in relation to Mr Paul Bublitz and Mr Bruce McKay.

Long Title. Big Mission. Martha Miller SEC, Advocate For Small Business Capital Formation, Omaha, Nebraska, Aug. 15, 2019, Remarks To Maha Discovery Festival Entrepreneurs

Date 15/08/2019

Good morning everyone, and thank you to the Maha team for the opportunity to speak to you today.  My name is Martha Miller, and I am the first Advocate for Small Business Capital Formation at the U.S. Securities and Exchange Commission, which is the government agency responsible for regulating our capital markets, including how companies raise capital from investors in both the public and the private markets.

The MiG Report - TSX, TSX Venture Exchange

Date 15/08/2019

• 65 Corporate Issuers
• 66 ETFs
• 38 CPCs 
• 1 Closed-End Fund

ECB Shuts Down Compromised BIRD Website

Date 15/08/2019

• ECB’s BIRD website hacked by unauthorised parties
• Email addresses and other contact data may have been captured
• No internal systems or market-sensitive data compromised
• BIRD website shut down until further notice

B3 Breaks Record For The Total Of Trades In The BM&F And Bovespa Segment

Date 15/08/2019

Yesterday (August 14), B3 hit a record of trades carried out in the BM&F and Bovespa segment, reaching 5.457.230  trades. The earlier mark was 5.379.751 trades on August 1th, 2019.

Indirectly Helping The Thinly-Traded Securities Segment - By Kelvin To, Founder And President Of Data Boiler Technologies

Date 15/08/2019

I applaud the SEC for including the thinly-traded securities topic (related trading make up less than two percent of all daily share volume) as one of the three matters in the 2019 Equity Market Structure Agenda. To make it easier for buyers and sellers to find each other and consummate trades in this segment of the market is the right thing to do, but the question is how. Some suggest modifying Unlisted Trading Privileges (UTP), others advocate for periodic auctions. I think these are all direct interference that pushes policy makers to pick winners. Instead, I have an alternate idea to indirectly help the sustainable development of thinly-traded securities segment.

SEC Charges Former CFO Of Cash Advance Company With Defrauding Thousands of Retail Investors

Date 15/08/2019

The Securities and Exchange Commission today charged 1 Global Capital LLC’s former chief financial officer, Alan G. Heide, with defrauding retail investors. The now bankrupt Florida-based cash advance company allegedly fraudulently raised more than $322 million from 3,600 investors between 2014 and last year. The SEC previously charged 1 Global and former CEO Carl Ruderman with fraud and charged Henry J. “Trae” Wieniewitz, III for his allegedly unlawful sales of 1 Global securities. Ruderman and Wieniewitz have consented to final judgments.   

Statement Of CFTC Commissioners Dan M. Berkovitz And Rostin Behnam Regarding The Commission’s Settlement With Kraft Foods Group, Inc. And Mondelēz Global LLC

Date 15/08/2019

We are voting for this settlement because we believe that Kraft Foods Group, Inc. (Kraft) manipulated the wheat market.[1]  The $16 million penalty and injunctive relief that the Commission has obtained in this consent order is as much as the Commission could reasonably expect to obtain if it were to prevail at trial.  This action demonstrates the CFTC’s resolve to aggressively prosecute and punish those who manipulate or attempt to manipulate our nation’s commodity markets.

SEC Releases Videos For Investors On Choosing And Working With A Financial Professional

Date 15/08/2019

The Securities and Exchange Commission today released a series of short educational videos designed to provide ordinary investors with basic information about choosing and working with a financial professional. The videos are now available at SEC.gov and Investor.gov/CRS.

CFTC: Statement Of The Commission - CFTC v. Kraft Litigation

Date 15/08/2019

Today the U.S. District Court for the Northern District of Illinois entered a Consent Order approved by the Commission that settles the CFTC v. Kraft litigation.  We are pleased to bring this matter to a successful resolution, which terminates more than four years of litigation.  The Consent Order results in a $16 million civil monetary penalty—nearly three times the unlawful profit the Commission alleged the Defendants obtained—and a permanent injunction prohibiting the Defendants from engaging in future violations of several anti-manipulation provisions of the Commodity Exchange Act and Commission Regulations.