FTSE Mondo Visione Exchanges Index:
News Centre
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Statement Regarding GHS Investments, LLC, SEC Commissioner Mark T. Uyeda, Aug. 19, 2024
Date 19/08/2024
From 2017 through 2022, GHS Investments, LLC (GHS) acquired convertible, variable rate notes from penny stock securities issuers, converted the notes into stock at a substantial discount from the prevailing market price, and sold the resulting shares into the public market to obtain profits. The Commission has issued an order that finds that such activities made GHS a dealer under Securities Exchange Act of 1934 (Exchange Act) and GHS’s failure to register as a dealer violated Section 15(a)(1) of that Act. I dissent from this order because it appears that the Commission is attempting to achieve policy objectives through enforcement, instead of rulemaking, while also arbitrarily deciding which activities necessitate enforcement action.
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Expect The Inquisition: Dissent From Obra Capital Management, LLC, SEC Commissioner Hester M. Peirce, Aug. 19, 2024
Date 19/08/2024
Sometimes heeding the advice of your high school civics teacher to get involved in the political process and support your preferred candidate carries unexpected costs imposed from unanticipated quarters. Today’s settlement with Obra Capital Management, LLC is yet another reminder that when it comes to participation in the political process by means of contributions to preferred candidates, investment advisers, their associated persons, and anyone who might be looking for a job at an investment adviser always should expect the Commission’s inquisition.
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CFTC Orders Brazilian And Swiss Sugar Companies To Pay $750,000 For Wash Sales
Date 19/08/2024
The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against respondents Raizen Energia SA, a Brazilian energy company and sugar merchant, and Raizen Trading SA, a Swiss sugar merchant, for engaging in wash sales and non-competitive transactions. The order requires the respondents jointly and severally to pay a $750,000 civil monetary penalty. The respondents admit the facts detailed in the order and are ordered to cease and desist from further violations of the Commodity Exchange Act and CFTC regulations, as charged.
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SIFMA Fixed Income Market Close Recommendation In The US, The UK, And Japan For US Labor Day Holiday
Date 19/08/2024
SIFMA has confirmed its previous holiday recommendation for a full market close on Monday, September 2, 2024, for the trading of U.S. dollar-denominated fixed income securities in the U.S., the U.K., and Japan in observance of the U.S. Labor Day holiday.
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From Latency To A.I. Algo Driven Capital Markets - By Kelvin To, Founder And President Of Data Boiler Technologies
Date 19/08/2024
Over half a century has passed since Electronic Communication Networks (ECNs) disrupted the traditional floor-based model of stock exchanges. Ushering in the era of electronic trading. Since Regulation National Market System (Reg. NMS) was adopted almost 20 years ago, the honorable goal of promoting venue-by-venue competition and fair price formation across securities markets turned into a latency arm race. Pushes market data and connectivity costs to rise exponentially.
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Emilia Högquist New Head Of Sustainable Finance At Finansinspektionen
Date 19/08/2024
Emilia Högquist is FI's new head of sustainable finance. She has worked extensively with sustainable development and comes to FI most recently from a management position at the Ministry of Climate and Enterprise. As the head of sustainable finance she will be FI's spokesperson in sustainability-reated matters.
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Readout: Fifth Meeting Of The Financial Working Group Between The United States And The People’s Republic Of China
Date 19/08/2024
The United States and the People’s Republic of China held the fifth meeting of the Financial Working Group (FWG) in Shanghai on August 15-16.
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Race To The Bottom For Market Data Reform - By Kelvin To, Founder And President Of Data Boiler Technologies
Date 19/08/2024
The UK and EU are trying to catch up with the US in building their respective Consolidated Tapes (CT). The US has no intention to slow down and wait for the Europeans in market data reforms. Yet, the US D.C. Circuit ruling in July 2022 weakens the already weak proposition of the SEC’s governance requirements over the equity CT-Plan. The US decentralized competing model (DCM) of 2/3 Self-Regulatory Organizations (SROs) and 1/3 non-SROs representation in the operating committee cannot be executed. The SEC prescribed minimum terms and conditions (T&C) for CT-Plan Version 2 in replacing the non-SRO representation provisions are ineffective (see this). The SEC has until September 21, 2024, to determine whether to approve or disapprove it.
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SEC Charges Carl Icahn And Icahn Enterprises L.P. For Failing To Disclose Pledges Of Company’s Securities As Collateral For Billions In Personal Loans
Date 19/08/2024
The Securities and Exchange Commission today announced charges against Carl C. Icahn and his publicly traded company, Icahn Enterprises L.P. (IEP), for failing to disclose information relating to Icahn’s pledges of IEP securities as collateral to secure personal margin loans worth billions of dollars under agreements with various lenders. IEP and Icahn agreed to pay $1.5 million and $500,000 in civil penalties, respectively, to settle the SEC’s charges.
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Opening Remarks, Federal Reserve Governor Christopher J. Waller, At The Summer Workshop On Money, Banking, Payments, And Finance, Washington, D.C.
Date 19/08/2024
Thank you, Matt. I am delighted to welcome you all in person to the 2024 Summer Workshop on Money, Banking, Payments, and Finance, jointly organized by the Federal Reserve Board, the Bank of Canada, and the Study Center Gerzensee. I want to thank the organizers for putting together such an interesting program and also thank the participants for their contributions.
