News Centre

SEC Announces Agenda, Panelists For Staff Roundtable On The Proxy Process

Date 08/11/2018

The Securities and Exchange Commission today announced the agenda and panelists for the staff roundtable on the proxy process on November 15, 2018.  

MoneyGram International Inc. Agrees To Extend Deferred Prosecution Agreement, Forfeits $125 Million In Settlement With US Justice Department And Federal Trade Commission - Company Also Agrees To Implement Additional Anti-Fraud And Anti-Money Laundering Program Compliance Enhancements In Agreements With Federal Authorities

Date 08/11/2018

MoneyGram International Inc. (MoneyGram), a global money services business headquartered in Dallas, Texas, has agreed to extend its deferred prosecution agreement and forfeit $125 million due to significant weaknesses in MoneyGram’s anti-fraud and anti-money laundering (AML) program resulting in MoneyGram’s breach of its 2012 deferred prosecution agreement (DPA).  In addition to the monetary payment and extension of the deferred prosecution agreement, the company must enhance its anti-fraud and AML compliance programs. 

MIAX Options - Electronic Filing Of Annual Reports

Date 08/11/2018

In connection with the Regulatory Services Agreement between MIAX Options and FINRA, the filing of MIAX Options Rule 803 Audits annual report has been transitioned to the electronic filing platform available via FINRA’s Firm Gateway located at https://firms.finra.org.

US Department Of Justice: Los Angeles Man Pleads Guilty To Defrauding Investors Through An $8.3 Million Binary Options Scheme

Date 08/11/2018

The former CEO of Citrades pleaded guilty today for his role in a scheme to defraud investors out of $8.3 million in the United States and across the world in financial instruments known as “binary options,” announced Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division and Acting Director in Charge Nancy McNamara of the FBI’s Washington Field Office.  Citrades was a purported internet-based investment platform.

CFTC Charges Former Deutsche Bank Trader With Fraudulently Mismarking Swaps - Division Of Enforcement Also Issues Declination Letter To Deutsche Bank In Recognition Of Its Self-Reporting, Full Cooperation And Remediation

Date 08/11/2018

The Commodity Futures Trading Commission (CFTC) announced today that it filed and settled charges against Jacob Bourne, a former managing director of Deutsche Bank Securities Inc., for fraudulently mismarking swap valuations to conceal significant trading losses.   The CFTC Order requires Bourne to pay a $350,000 civil penalty and permanently bans Bourne from trading on exchange and seeking registration with the CFTC, among other prohibitions. 

Keynote Address: ALI CLE 2018 Conference On Life Insurance Company Products, Dalia Blass, Director, SEC Division Of Investment Management, Washington D.C., Nov. 8, 2018

Date 08/11/2018

Introduction

Good morning. Thank you Richard [Choi] for that kind introduction.

This conference was the first time I spoke to a public audience as Director of the Division. It is a pleasure to return a year later and continue our dialogue. Over the last year, I have had the opportunity to engage on many different policy areas. What I see, from one area to the next, is the vibrancy of the American financial markets. It is a symphony of participants – from investors of all ages, financial situations and preferences to financial services providers with a variety of investment products and services that can meet unique investor needs.

Why A SIFMU Must Always Manage Liquidity Risk - By John Fennell, OCC Executive Vice President And Chief Risk Officer, November 7, 2018

Date 08/11/2018

Before the 2008 financial crisis, the emphasis of risk management leaned more toward credit risk, with liquidity being a secondary concern. However, during the crisis it became clear that liquidity, and the velocity with which it can evaporate, could render an entity unable to meet its contractual obligations. The events surrounding the crisis, in other words, pointed to liquidity risk as being an accelerant toward the ultimate default of a market participant.

National Survey: Investors Support Proposed IIROC Enforcement Alternatives - Canadians Favour Flexible, Proportionate Approach To Discipline

Date 08/11/2018

A majority of Canadian investors surveyed for the Investment Industry Regulatory Organization of Canada (IIROC) support the regulator's proposals to provide alternative approaches to enforcement that would encourage early settlement of disciplinary cases and divert minor rule violations away from lengthy hearings.

EEX New Participant: E.ON Energie Deutschland GmbH

Date 08/11/2018

E.ON Energie Deutschland GmbH has been admitted to exchange trading for Phelix Futures and Options, French Financial Power Futures and Options, Belgian Financial Power Futures, Dutch Financial Power Futures, Italian Financial Power Futures and Options, Nordic Financial Power Futures and Options, Spanish Financial Power Futures and Options, Swiss Financial Power Futures, Greek Financial Power Futures, PXE Polish Financial Power Futures, PXE Czech Financial Power Futures, PXE Hungarian Financial Power Futures, PXE Slovakian Financial Power Futures and PXE Romanian Financial Power Futures.

Federal Reserve Issues FOMC Statement

Date 08/11/2018

Information received since the Federal Open Market Committee met in September indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate. Job gains have been strong, on average, in recent months, and the unemployment rate has declined. Household spending has continued to grow strongly, while growth of business fixed investment has moderated from its rapid pace earlier in the year. On a 12-month basis, both overall inflation and inflation for items other than food and energy remain near 2 percent. Indicators of longer-term inflation expectations are little changed, on balance.