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How We Howey, SEC Commissioner Hester M. Peirce, Securities Enforcement Forum, East Palo Alto, California (by video), May 9, 2019

Date 09/05/2019

One year ago, I gave a speech—appropriately in Southern California—called “Beaches and Bitcoin.”[1] At that time—not so long ago in analog time but eons ago in digital time—the burning question was how to decide when issuing tokens constituted an offering of securities. The industry was rapidly developing and I worried that the SEC, as one of its potential regulators, would stifle its growth. I will admit today that I was very wrong, not about whether the SEC would stifle the industry’s growth—it has—but in how it would do it. Given that opening, I better give my disclaimer that my remarks represent my own views and not necessarily those of the Commission or my fellow Commissioners.

Bermuda Stock Exchange (BSX) Has Launched An Environmental, Social And Governance (ESG) Initiative

Date 09/05/2019

The Bermuda Stock Exchange (BSX) has launched an Environmental, Social and Governance (ESG) initiative that aims to empower sustainable and responsible growth for its member companies, listings and the wider community.

SEC Proposes Amendments To More Appropriately Tailor The Accelerated And Large Accelerated Filer Definitions

Date 09/05/2019

The Securities and Exchange Commission today voted to propose amendments to the accelerated filer and large accelerated filer definitions.  The proposed amendments would reduce costs for certain lower-revenue companies by more appropriately tailoring the types of companies that are categorized as accelerated and large accelerated filers while maintaining effective investor protections. 

EBRD Celebrates Clients’ Commitment To Sustainability

Date 09/05/2019

• EBRD’s annual Sustainability Award winners announced
• Twelve clients honoured for their excellent sustainability work
• Recognises businesses that excel in four categories 

Statement At Open Meeting On Proposed Amendments To Sarbanes Oxley 404(B) Accelerated Filer Definition, SEC Chairman Jay Clayton, May 9, 2019

Date 09/05/2019

Good morning. This is an open meeting of the U.S. Securities and Exchange Commission, under the Government in the Sunshine Act. Our only item on the agenda today is a recommendation from the Division of Corporation Finance to propose amendments to the definitions of "accelerated filer" and "large accelerated filer."

CFTC Commissioner Behnam To Participate In A Panel At The French Presidency G7 2019 Conference On Cybersecurity

Date 09/05/2019

Statement On Proposed Amendments To Sarbanes Oxley 404(b) Accelerated Filer Definition, SEC Commissioner Robert J. Jackson Jr., May 9, 2019

Date 09/05/2019

Thank you, Mr. Chairman, and thank you to the Staff in the Division of Corporation Finance, including John Fieldsend, Elizabeth Murphy, Felicia Kung, Lindsay McCord, and Director Bill Hinman, for their work in developing today’s release. I also appreciate the efforts of my colleagues in the Division of Economic and Risk Analysis, especially Director SP Kothari, Chyhe Becker, and Tara Bhandari.

Tradeweb Markets Monthly Activity Report April 2019 - Continued Strong Trading Activity Year To Date

Date 09/05/2019

Average daily volume (ADV) across rates, credit, money markets and equities for Tradeweb Markets in April 2019 was the second highest monthly total ever at Tradeweb. ADV for April 2019of $665.5 billion (bn) rose 34.2 percent (%) year over year (YoY) while average daily trades totaled 49,423.

Deutsche Bank Exec Joins The Founders Bank Project As CEO - The Founders Bank Project Announces The Appointment Of Senior Deutsche Bank Executive Kenan Altunis To The Role Of Chief Executive Officer

Date 09/05/2019

The Founders Bank project has appointed senior Deutsche Bank executive Kenan Altunis to the role of Chief Executive Officer. Altunis will lead a team comprised of senior executives with decades of global financial services experience across banking, asset management and corporate finance.

CFTC Charges Former Natural Gas Head Trader With Fraudulently Mismarking Futures And Physical Trades

Date 09/05/2019

The Commodity Futures Trading Commission (CFTC) filed a federal civil enforcement action today in the U.S. District Court for the Southern District of New York against defendant David Smothermon of Houston, Texas, charging him with defrauding the commodities-trading company where he worked as president and head trader of the company’s gas division by scheming to inflate the reported mark-to-market profit-and-loss value of the gas division’s overall trading book in order to conceal losses that ultimately grew to cause the company to suffer more than $100 million in realized losses.