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  • SEC Files Charges In Municipal Bond “Flipping” And Kickback Schemes

    Date 14/08/2018

    The Securities and Exchange Commission today charged two firms and 18 individuals in a scheme to improperly divert new issue municipal bonds to broker-dealers at the expense of retail investors.  According to the SEC’s complaint, the defendants – known in the industry as “flippers” – purchased new issue municipal bonds, often by posing as retail investors to gain priority in bond allocations. The defendants then “flipped” the bonds to broker-dealers for a fee. The SEC also charged a municipal underwriter for accepting kickbacks from one of the flippers.

  • European Commission’s Decision Regarding The Risk Weight Floor For Swedish Mortgages

    Date 14/08/2018

    The European Commission has decided not to propose to the European Council a rejection of Finansinspektionen’s proposal to change the method for the application of the current risk weight floor for Swedish mortgages. This means that the measure may be implemented in Sweden. 

  • EEX: Clarification Concerning 2018 Auction Calendar For EU Allowances (EUA) For Germany – German Auctions On Renewed Opt-Out Platform Expected To Resume In The Course Of Q1 2019

    Date 14/08/2018

    The European Energy Exchange (EEX) clarifies that the indicatively scheduled auctions for Germany from 14 November 2018 onwards will not be taking place.

  • SEC Bars Perpetrator Of Initial Coin Offering Fraud

    Date 14/08/2018

    The Securities and Exchange Commission today obtained permanent officer-and-director and penny stock bars against the founder of a company who perpetrated a fraudulent initial coin offering (ICO) to fund oil exploration and drilling in California.

  • Malawi Stock Exchange Monthly Market Performance Report - July 2018

    Date 14/08/2018

    The market transacted a total of 13,787,978 shares at a total consideration of MK590,259,713.23 (US$813,416.67) in 97 trades. In the previous month, June 2018, the market transacted a total of 6,468,082 shares at a total consideration of MK213,441,483.83 (US$294,129.07) in 86 trades. This reflects a 113.17% increase in terms of share volume and a 176.54% (176.55% in US Dollar terms) increase in share value. Of the total shares traded, 10,000,000 NICO shares were traded as a special bargain.