News Centre

ASIC Broadens Fintech Cooperation With Canadian Regulators

Date 12/12/2017

ASIC has today announced a Cooperation Agreement with Canadian regulators on fintech cooperation. This agreement expands the existing framework for information sharing and also allows the referral of innovative fintech businesses to and from Canada

Hong Kong's Securities And Futures Commission Highlights Benefits Of Cooperation

Date 12/12/2017

The Securities and Futures Commission (SFC) today issued an updated guidance note highlighting the benefits of cooperating with the SFC in its investigations and enforcement proceedings. 

ASIC’s Regulatory Sandbox Proposal To Remain Unchanged

Date 12/12/2017

ASIC has today released a review of its regulatory sandbox, introduced in December 2016. In the review ASIC proposes to retain class waivers known as the fintech licensing exemption, that allow eligible financial technology (fintech) businesses to test certain specified services without holding an Australian financial services or credit licence. ASIC had committed to reviewing its fintech licensing exemption following 12-18 months' operation.

Shenzhen Stock Exchange: Strengthening Front-line Supervision And Regulation In Accordance With The Spirit Of The 19th CPC National Congress

Date 12/12/2017

In accordance with the spirit of the 19th CPC National Congress, to uphold the authority of the Constitution and strengthen the trustworthiness and rule of law in the multi-layer capital market, recently Shenzhen Stock Exchange (“SZSE”) and CSDS Shenzhen branch launched a common legal knowledge promotion and education activity online via the Investor Online Communication Platform of p5w.net under the theme of “strengthening SZSE’s role of front-line supervision and regulation in accordance with the spirit of the 19th CPC National Congress”. 

Nasdaq Announces End-Of-Month Open Short Interest Positions In Nasdaq Stocks As Of Settlement Date November 30, 2017

Date 12/12/2017

At the end of the settlement date of November 30, 2017, short interest in 2,348 Nasdaq Global Market^SM securities totaled 7,455,601,576 shares compared with 7,492,878,677 shares in 2,353 Global Market issues reported for the prior settlement date of November 15, 2017. The end-of-November short interest represents 4.52 days average daily Nasdaq Global Market share volume for the reporting period, compared with 4.10 days for the prior reporting period.

CFTC's Giancarlo Commends SEC Chairman Clayton On ICO Statement

Date 12/12/2017

Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo issued the following statement commending Securities and Exchange Commission (SEC) Chairman Jay Clayton’s statement on initial coin offerings:

“I commend SEC Chairman Clayton on his strong statement encouraging professional market participants and the retail investors they serve to recognize risks and legal responsibilities they have regarding cryptocurrencies and initial coin offerings. I have said consistently that virtual currencies are unlike any commodity that the CFTC has dealt with in the past, and I know they pose challenges for the SEC as well. CFTC and SEC staff are in regular communication on these issues. I want to reiterate my previously stated emphasis that market participants should take note that the relatively nascent underlying cash markets and exchanges for bitcoin remain largely unregulated markets over which the CFTC has limited statutory authority. Investors should be aware of the potentially high level of volatility and risk in these markets.”

Cboe Bitcoin Futures (XBT) Close First Day Of Trading - Post Volume Of More Than 4,000 Contracts

Date 12/12/2017

Cboe Global Markets, Inc. (Cboe: CBOE | Nasdaq: CBOE), one of the world’s largest exchange holding companies, today announced Cboe bitcoin futures (XBT) traded a reported 4,127 contracts in their first day of trading. XBT futures debuted Sunday, December 10, at 5:00 p.m. CT, the beginning of Global Trading Hours. The first trading session closed at 3:15 p.m. CT today, December 11.

Statement On Cryptocurrencies And Initial Coin Offerings, SEC Chairman Jay Clayton

Date 11/12/2017

The world’s social media platforms and financial markets are abuzz about cryptocurrencies and “initial coin offerings” (ICOs).  There are tales of fortunes made and dreamed to be made.  We are hearing the familiar refrain, “this time is different.”

Statement From Enforcement Division Co-Directors On Jury Verdict In Financial Fraud Case, Stephanie Avakian, Co-Director, SEC Division Of Enforcement, Steven Peikin, Co-Director, SEC Division Of Enforcement

Date 11/12/2017

"We are pleased by the jury's verdict holding Revolutions Medical Corp. and its CEO Rondald L. Wheet liable for violating the antifraud provisions of the federal securities laws. This verdict affirms that corporate executives must be completely truthful when they speak about their companies in press releases. Investors are entitled to accurate information, and when CEOs cross the line from truth to lies, we will seek to hold them accountable."

SEC: Stock Trader Charged In Insider Trading Ring

Date 11/12/2017

The Securities and Exchange Commission today charged a former day trader with making more than $1 million in illegal insider trading profits as part of a ring that allegedly stole confidential information from investment banks and clients so they could trade in advance of secondary stock offerings.