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Advocating For A Stronger U.S. Options Market, By John Davidson, OCC President & Chief Operating Officer, OCC December 20, 2017

Date 20/12/2017

As we move closer to 2018, one thing is abundantly clear: the exchange-listed options industry will continue to be impacted by various regulations and risks in the year ahead. I recently participated on a panel at SIFMA's annual Listed Options Symposium and had an opportunity to discuss some of the key issues that will be critical for the industry and regulators to address over the next twelve months.

Defendants Sentenced In UK Financial Conduct Authority prosecution of 1.4 million investment scheme

Date 20/12/2017

Samrat Bhandari, Dr Muhammad Aleem Mirza, Michael Moore and Paul Moore, each of whom played a role in the operation of an investment scheme which led to investors losing just over 1.4 million, today appeared at Southwark Crown Court to be sentenced.

AFME Welcomes Commission Proposal For New Prudential Regime For Investment Firms

Date 20/12/2017

Commenting on the European Commission proposal for a new prudential regime for investment firms, Michael Lever, Head of Prudential Regulation at AFME, said:

“We welcome the Commission’s proposal for a new prudential regime for investment firms. While we look forward to reviewing the proposals in detail, prudential rules that are specifically tailored to the business models and risks assumed by investment firms should further the development of the Capital Markets Union. Of particular relevance for AFME’s membership is the proposed requirement that investment firms which are major broker/dealers and play key intermediation roles in the EU’s capital markets will remain subject to the prudential rules of the CRD/R. The introduction of direct ECB oversight of such firms for their Euro area activities is also welcome as it will foster a supervisory level playing field.”

Federal Court Orders Florida-Based Mintco LLC And Its Owners, Stuart Rubin And Richard Zimmerman, To Pay $340,000 In Civil Monetary Penalties For Engaging In Illegal Off-Exchange Precious Metals Transactions

Date 20/12/2017

The Commodity Futures Trading Commission (CFTC) obtained three related Consent Orders of Permanent Injunction against Defendants Mintco LLC of Delray Beach, Florida, and its owners Stuart Rubinof Fort Lauderdale, Florida, and Richard Q. Zimmerman of Wellington Florida, finding that all Defendants engaged in illegal off-exchange precious metals transactions and further that Rubin and Mintco engaged in fraud with respect to these same precious metals transactions.

Overstock.com Blockchain Subsidiary tZERO Takes Stake In Siebert Financial Parent, Kennedy Cabot

Date 20/12/2017

Nobilis Health Applies For Listing On Canada's NEO Exchange

Date 20/12/2017

Nobilis Health Corp. (NYSE American: HLTH) ("Nobilis" or the "Company") today announced it has commenced the application process to list its common shares on the Aequitas NEO Exchange ("NEO") in Canada. Subject to regulatory approvals, Nobilis expects its common shares to be available for trading on NEO in early 2018.

CME Group Inc. Announces Fourth-Quarter And Full-Year 2017 Earnings Release, Conference Call

Date 20/12/2017

CME Group Inc. will announce earnings for the fourth quarter and full year of 2017 before the markets open on Thursday, February 1, 2018.  Slides and written highlights for the quarter and year will be posted on its website at 6:30 a.m. Central Time, the same time it provides its earnings press release.  The company will hold an investor conference call that day at 7:30 a.m. Central Time, at which time company executives will take analysts' questions. 

TheCityUK Responds To The Bank Of England’s Approach To The Authorisation And Supervision Of International Banks

Date 20/12/2017

Miles Celic, Chief Executive Officer, TheCityUK, said:

The Bank of England’s proposed approach to EU banks, insurers and CCPs is a positive move. It is an act of economic common sense. Encouraging EU head-quartered financial institutions to stay in the UK post Brexit will also ultimately support continued UK competitiveness, help preserve financial stability, and defend London and the UK’s position as an open global financial centre. 

UK's Financial Conduct Authority Statement On EU Withdrawal

Date 20/12/2017

On December 15 2017 The European Council confirmed that sufficient progress had been made to move to the second phase of negotiations related to transition (the implementation period) and the framework for the future relationship between the UK and the European Union. The FCA welcomes the progress that has been made and is supportive of open markets and free trade in financial services underpinned by strong regulatory standards.

Consultative Document On Stress Testing Principles And A Range Of Practices Report Issued By The Basel Committee

Date 20/12/2017

The Basel Committee on Banking Supervision today released a consultative document on stress testing principles and a range of practices report on supervisory and bank stress testing.