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  • Merrill Lynch Settles SEC Charges Of Undisclosed Conflict In Advisory Decision

    Date 20/08/2018

    The Securities and Exchange Commission today announced that Merrill Lynch, Pierce, Fenner & Smith has agreed to pay approximately $8.9 million to settle charges that it failed to disclose a conflict of interest arising out of its own business interests in deciding whether to continue to offer clients products managed by an outside third-party advisory firm.  

  • SIFMA Fixed-Income Market Close Recommendation In The U.S., The U.K. And Japan For U.S. Labor Day Holiday

    Date 20/08/2018

    SIFMA has confirmed its previous holiday recommendation for a full market close on Monday, September 3 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.

  • SEC Adopts Rule Amendments To Improve Municipal Securities Disclosure

    Date 20/08/2018

    The Securities and Exchange Commission adopted amendments to enhance transparency in the municipal securities market. The adopted amendments to Rule 15c2-12 of the Securities Exchange Act will focus on material financial obligations that could impact an issuer’s liquidity, overall creditworthiness, or an existing security holder’s rights.

  • Statement Of CFTC Commissioner Brian Quintenz Regarding The Virtual Commodity Association

    Date 20/08/2018

    Given the absence of federal oversight jurisdiction in the crypto market, in February and again in March of this year I called on the crypto platform community to come together and develop a self-regulatory organization-like entity that could develop and enforce rules.  I am pleased that progress has been made on such a concept.  Ultimately, an independent and empowered SRO-like entity could have a meaningful impact on the integrity and credibility of this young marketplace.  Today’s announcement is a positive step towards that realization.

  • ETFGI Reports Assets Invested In ETFs And ETPs Listed In The Canada Reached A New High Of US$123 Billion At The End Of July 2018

    Date 20/08/2018

    ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed in Canada reached a new high of US$123 billion in assets, following net inflows and market moves of US$987 million during July, according to ETFGI’s July 2018 Canada ETF and ETP industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)