News Centre
-
SEC Charges Hertz’s Former CEO With Aiding And Abetting Company’s Financial Reporting And Disclosure Violations
Date 13/08/2020
The Securities and Exchange Commission today charged former Hertz CEO and Chairman Mark Frissora with aiding and abetting the company in its filing of inaccurate financial statements and disclosures. Frissora has agreed to settle the charges and repay Hertz nearly $2 million in incentive-based compensation.
-
Former U.S. Federal Reserve Chair Yellen At Biden Economic Briefing
Date 13/08/2020
Former Federal Reserve Chair Janet Yellen was among a group of economists who appeared at a briefing on the economy for U.S. presumptive Democratic presidential candidate Joe Biden, his campaign disclosed on Thursday.
-
SEC: Advisory Firm Settles Charges Of Defrauding Investors, Agrees To Refund Allegedly Ill-Gotten Gains To Harmed Clients
Date 13/08/2020
The Securities and Exchange Commission today announced that SCF Investment Advisors, Inc. (SCF) has agreed to settle charges that it selected mutual funds and cash sweep money market funds for clients that provided undisclosed revenue to the firm’s affiliated broker-dealer and were more expensive than other available options for the same funds. The settlement includes a distribution of money to harmed clients of the Fresno, California-based investment advisory firm.
-
Robert Benedict Bowes Nominated By President Trump As U.S. CFTC Commissioner
Date 13/08/2020
Robert Benedict Bowes, of Virginia, to be a Commissioner of the Commodity Futures Trading Commission for a term expiring April 13, 2025, vice Brian D. Quintenz, term expired.
-
SEC Charges Issuer And CEO With Misrepresenting Platform Technology In Fraudulent ICO
Date 13/08/2020
The Securities and Exchange Commission today announced charges against Virginia-based Boon.Tech and its chief executive officer Rajesh Pavithran for fraud and registration violations in connection with a $5 million initial coin offering (ICO) of digital asset securities.
-
Intercontinental Exchange Announces The Election Of Caroline Silver To The ICE Board Of Directors
Date 13/08/2020
Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listing services, announced that its Board of Directors has elected Caroline Silver as a new Director effective August 13, 2020. She fills a newly created seat on the Board.
-
Federal Reserve Highlights Research And Experimentation Undertaken To Enhance Its Understanding Of The Opportunities And Risks Associated With Central Bank Digital Currencies
Date 13/08/2020
The Federal Reserve on Thursday highlighted the research and experimentation undertaken to enhance its understanding of the opportunities and risks associated with central bank digital currencies. The initiatives complement a broad set of payments-related innovation projects currently underway within the Federal Reserve System.
-
An Update On Digital Currencies, Federal Reserve Governor Lael Brainard At The Federal Reserve Board And Federal Reserve Bank Of San Francisco's Innovation Office Hours, San Francisco, California (Via Webcast)
Date 13/08/2020
It is a pleasure to participate in San Francisco's Innovation Office Hours. The Federal Reserve Bank of San Francisco is a leader of our engagement with the tech community. And the Federal Reserve's Innovation Office Hours serve as an important forum to engage on innovation in the financial system with financial institutions, fintechs, technology companies, nonprofits, and other stakeholders. We have benefited from learning about the work you are doing to promote healthy innovation in financial services and payments. This event covered a number of important topics, including regulatory technology, blockchain, cybersecurity, and digital banking. The breadth of topics and the range of participants speak to the scale and scope of technological innovation in financial services. It is a testament to widespread investments in technology that we are able to proceed with these kinds of engagements and maintain our operations seamlessly despite the unprecedented shock associated with the COVID-19 crisis.
-
Brazil’s C6 Bank Raises Capital To Boost Loans After TIM Partnership
Date 13/08/2020
- New capital commitment raises C6’s share equity to R$1.24 billion
- Number of checking accounts grew 150 percent this year
-
Federal Banking Agencies Issue Joint Statement On Enforcement Of Bank Secrecy Act/Anti-Money Laundering Requirements
Date 13/08/2020
The federal banking agencies today issued a joint statement updating their existing enforcement guidance to enhance transparency regarding how they evaluate enforcement actions that are required by statute when financial institutions fail to meet Bank Secrecy Act/anti-money laundering (BSA/AML) obligations.
