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  • OCC Continues To Clear The Path For The Exchange-Listed Options Industry, By Craig Donohue, OCC Executive Chairman And Chief Executive Officer, March 27, 2018, 2018

    Date 27/03/2018

    In 2017 OCC achieved a number of key milestones that position our company for continued resiliency, innovation and growth while providing our exchange partners, clearing firms, and market participants with open access and reliable central counterparty services with operational excellence.

  • SEC Charges Recidivist Broker-Dealer In Employee’s Long-Running Pump-And-Dump Fraud

    Date 27/03/2018

    The Securities and Exchange Commission announced charges against Wedbush Securities Inc. for failing to supervise employee Timary Delorme after the broker-dealer ignored numerous red flags indicating that Delorme was involved in a long-running pump-and-dump scheme targeting retail investors.  Delorme agreed to settle fraud charges stemming from the same scheme.  This is the second SEC action against Wedbush this year and the third since 2014.      

  • Canadian Securities Administrators Announce Policy Projects Aiming To Reduce Regulatory Burden In Public Markets

    Date 27/03/2018

    The Canadian Securities Administrators (CSA) today published CSA Staff Notice 51-353 Update on CSA Consultation Paper 51-404 Considerations for Reducing Regulatory Burden for Non-Investment Fund Reporting Issuers, which outlines the CSA’s plan to pursue policy projects to examine specific prospectus requirements, revisit certain continuous disclosure requirements, and enhance electronic delivery of documents.

  • Cboe Vest’s New “Dividend Aristocrats” ETF (Ticker: KNG) Combines Quality Dividend Growers With Partial Call Overwriting Strategy, Targeting Income With Growth

    Date 27/03/2018

    • Cboe Vest is building the second generation of option-based index strategies. Such strategies incorporate novel uses of options seeking to achieve targeted portfolio return features such as risk mitigation, growth or income. Similar to the evolution from market-capitalization-weighted traditional beta strategies to factor tilt second-generation strategies (colloquially known as “smart beta”), Options 2.0 strategies are an evolution from the first-generation of simple but fully covered-call and put writing options strategies.
    • Cboe Vest S&P 500® Dividend Aristocrats Target Income ETF (Ticker: KNG) is the first index-based ETF to combine the dividend growth factor, a recognized smart beta strategy, with a second-generation dynamic and partial covered-call options strategy.
    • KNG, which seeks to produce income with growth, is comprised of an equally weighted portfolio of well-known “Aristocrats,” S&P 500 stocks with a history of 25 years of consecutive dividend growth. A monthly call overwrite strategy applied to a small part of the stock holdings converts a portion of the future growth of each stock into current income.
    • The fund gives investors access to a strategy targeting annualized income of 3.0% over the annual dividend yield of S&P 500 Index, with proportional price returns, in a single ticker.

  • Borsa İstanbul Announces Constituent Changes To The BIST-KYD Fund Indices For The Second Quarter Of 2018

    Date 27/03/2018

    Referring to 3.3. article of the BIST-KYD Indices Ground Rules, constituent changes to the BIST-KYD Fixed Income Fund Index and BIST-KYD Equity Fund Index for the second quarter of 2018 are determined. All changes will be effective on April 2, 2018.