News Centre

FINRA Arbitration Rule Change: Notice Of Filing Of A Proposed Rule Change To Amend FINRA Rule 12000 Series To Expand Options Available To Customers If A Firm Or Associated Person Is Or Becomes Inactive

Date 25/11/2019

FINRA is proposing to amend the Code of Arbitration Procedure for Customer Disputes to expand a customer’s options to withdraw an arbitration claim if a member or an associated person becomes inactive before a claim is filed or during a pending arbitration. In addition, the proposed amendments would allow customers to amend pleadings, postpone hearings, request default proceedings and receive a refund of filing fees in these situations.

CFTC Approves Amendments Simplifying Rules For Asset Managers At November 25 Open Meeting

Date 25/11/2019

Today, at an open meeting, the U.S. Commodity Futures Trading Commission approved amendments to Part 4 that will harmonize CFTC and SEC regulations for asset managers.

OCC Names Maria Chiodi With Credit Suisse Securities (USA) LLC To Board Of Directors

Date 25/11/2019

OCC, the world's largest equity derivatives clearing organization, today announced that Maria Chiodi with Credit Suisse Securities (USA) LLC has joined OCC's Board of Directors as a Member Director. She will serve on the Governance and Nominating Committee.

CFTC Commitments Of Traders Reports Update

Date 25/11/2019

Due to the Federal holiday on Thursday, November 28, the weekly Commitments of Traders market report will be released on Monday, December 2, 2019 at 3:30pm.

Dissenting Statement Of Commissioner Dan M. Berkovitz - Rulemaking To Provide Exemptive Relief For Family Office CPOs: Customer Protection Should Be More Important Than Relief For Billionaires

Date 25/11/2019

I dissent from today’s final rule to provide registration exemptions for operators of commodity pools in large investment management structures euphemistically called “family offices.”  These investment management structures typically manage hundreds of millions, sometimes billions, of dollars, in private wealth.  The regulations that we proposed last year (Proposal) balanced the family office exemption with an annual notice filing requirement and a prohibition on persons who were statutorily disqualified from operating commodity pools from claiming the exemption. Today’s final rule provides a blanket exemption for the operators of commodity pools (CPOs) in family offices without either of these minimal checks and balances.  It is absurd that the Commission is excusing billionaires from the notice-filing requirement that generally applies to other persons—who have a fraction of that immense wealth—who claim exemptions from CPO registration. And persons that are statutorily disqualified from registering should not be permitted to operate under an exemption from registration.  Disqualified persons should be disqualified.

Finansinspektionen: Capital Requirements Of Swedish Banks As Of Q3 2019

Date 25/11/2019

Finansinspektionen publishes the capital requirements of the largest Swedish banks and credit institutions that belong to supervisory categories 1 and 2 as of the end of Q3 2019. 

Statement Of CFTC Chairman Heath P. Tarbert Before The November 25, 2019 Open Meeting

Date 25/11/2019

Thank you for attending this public meeting of the U.S. Commodity Futures Trading Commission (CFTC or Commission).  I am pleased to support both sets of final rules on today’s agenda.  Both amend Part 4 of the Commission’s regulations governing commodity pool operators (CPOs) and commodity trading advisors (CTAs), significantly improving the regulatory experience for our market participants.  Each rule is a step toward further harmonizing regulations for entities subject to both CFTC and SEC oversight.

SEC Charges Former Top Executives Of Healthcare Advertising Company With $487 Million Fraud

Date 25/11/2019

The Securities and Exchange Commission today amended a complaint to charge four former executives of Outcome Health, a private healthcare advertising company, with fraud in raising nearly half a billion dollars by falsely portraying the company as an overwhelming success to investors, clients, and auditors. 

BME: MAB Welcomes IZERTIS

Date 25/11/2019

MAB today welcomed IZERTIS with the traditional bell-ringing ceremony, which was performed by its Chairman and CEO, Pablo Martín. It is the twentieth listing in 2019 on this market, which is made up of 121 companies.

Moscow Exchange: Risk Parameters Change On Derivatives Market During Holidays On Foreign Exchanges

Date 25/11/2019

Due to Holidays on foreign exchanges on 25 of December CCP NCC sets the following risk parameters on Derivatives market:

1. The width of the price bands (RangeFut) will be changed for Brent and Light Sweet Crude Oil futures: