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SEC Charges Multiple Individuals And Entities In Relationship Investment Scams - Schemers allegedly used WhatsApp, LinkedIn, And Instagram To Lure Investors To Fake Crypto Asset Trading Platforms Before Stealing Their Money

Date 17/09/2024

The Securities and Exchange Commission today charged five entities and three individuals in connection with two relationship investment scams involving fake crypto asset trading platforms NanoBit and CoinW6, respectively. The SEC’s two complaints allege that the defendants solicited investors via social media apps, lied to them to gain their trust and confidence, and then stole their money. These charges are the SEC’s first enforcement actions alleging these types of scams.

US Acting Comptroller Of The Currency Issues Statements At FDIC Board Meeting On Bank Merger Policy And Recordkeeping

Date 17/09/2024

Acting Comptroller of the Currency Michael J. Hsu issued statements at today’s Federal Deposit Insurance Corporation (FDIC) board meeting regarding bank merger policy and a notice of proposed rulemaking on depository institutions’ recordkeeping for custodial deposit accounts with transactional features.

US Justice Department Withdraws From 1995 Bank Merger Guidelines

Date 17/09/2024

The Justice Department announced today its withdrawal from the 1995 Bank Merger Guidelines and emphasized that the 2023 Merger Guidelines remain its sole and authoritative statement across all industries.

Office Of The Comptroller Of The Currency Approves Final Rule And Policy Statement On Bank Mergers

Date 17/09/2024

The Office of the Comptroller of the Currency (OCC) today approved a final rule updating its regulations for business combinations involving national banks and federal savings associations and a policy statement clarifying its review of applications under the Bank Merger Act (BMA).

Audit Firm Prager Metis Settles SEC Charges For Negligence In FTX Audits And For Violating Auditor Independence Requirements

Date 17/09/2024

The Securities and Exchange Commission today announced that Prager Metis CPAs, LLC (Prager) and its California professional services firm, Prager Metis CPAs LLP, (collectively, the Prager Entities) agreed to pay $1.95 million to resolve two actions alleging misconduct in its audits of the now-defunct crypto asset trading platform, FTX, and auditor independence violations.

B.C. Securities Commission Bans Unregistered, Offshore Crypto Trading Platform From Operating In B.C.

Date 17/09/2024

The B.C. Securities Commission (BCSC) has banned the operator of an unregistered and unauthorized crypto trading platform from trading in or purchasing securities and derivatives on behalf of British Columbians.

PIMFA WealthTech Launches New Tech Sprint On Strengthening The Industry's Cyber Security Defences

Date 17/09/2024

ETFGI Reports Assets Invested In The Global ETFs Industry Reached A New Record High Of 13.99 Trillion US Dollars At The End Of August

Date 17/09/2024

ETFGI, a prominent independent research, events and consultancy firm specializing in providing subscription research on trends in the global ETFs industry, reported today assets invested in the global ETFs industry reached a new record high of US$13.99 trillion at the end of August. During August the global ETFs industry gathered US$130.06 billion in net inflows, bringing year to date net inflows to a record US$1.07 trillion, according to ETFGI's August 2024 global ETFs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted)

Grant Thornton Report: Economic Impact Of AIM

Date 17/09/2024

Today, Grant Thornton published the report ‘Economic impact of AIM’, commissioned by the London Stock Exchange, which examines the important role that AIM continues to play in supporting business growth and in doing so delivering notable economic value to the UK. Read the full report at the following link: Report: The Economic impact of AIM companies | Grant Thornton.

SEC Charges 12 Municipal Advisors With Recordkeeping Violations

Date 17/09/2024

The Securities and Exchange Commission today announced charges against 12 municipal advisors for failures by the firms and their personnel to maintain and preserve certain electronic communications. The firms agreed to pay combined civil penalties of more than $1.3 million to settle the SEC’s charges.