FTSE Mondo Visione Exchanges Index:

News Centre

News

CFTC Vacates SEF Registration of SwapEx LLC

Date 29/09/2023

At the request of SwapEx LLC, the Commodity Futures Trading Commission today issued an order that vacates the registration of SwapEx as a swap execution facility (SEF) effective September 30.
SEC, MSRB, & FINRA To Hold Virtual Compliance Outreach Program

Date 29/09/2023

The Securities and Exchange Commission, Municipal Securities Rulemaking Board (MSRB), and Financial Industry Regulatory Authority (FINRA) today announced that registration is open for a virtual Compliance Outreach Program for municipal market professionals. The free webcast is open to the public and will take place on Thursday, December 7, 2023, from 10:30 a.m. to 4:30 p.m. ET.
Superintendent Of New York Department Of Financial Services Adrienne A. Harris Announces $10 Million Settlement With Shinhan Bank America For Repeated Compliance Failures - Bank Continued To Conduct Business In An Unsafe And Unsound Manner Despite Prior Regulatory Actions

Date 29/09/2023

Superintendent of Financial Services Adrienne A. Harris announced today that Shinhan Bank America (the “Bank”), a subsidiary of Shinhan Bank Co., Ltd., has agreed to pay $10 million in penalties pursuant to a Consent Order entered into with the New York State Department of Financial Services (“DFS” or the “Department”). The Consent Order resolves the Department’s investigation into repeated violations of Bank Secrecy Act/Anti-Money Laundering (“BSA/AML”) requirements and New York law.
MIAX Exchange Group - Options Markets - Market For Underlying Security Used For Openings On MIAX Options, MIAX Pearl Options And MIAX Emerald Options For Newly Listed Symbols Effective Monday, October 2, 2023

Date 29/09/2023

Please refer to the Regulatory Circulars listed below for newly added symbols and the corresponding market for the underlying security used for openings on the MIAX Exchanges. The newly listed symbols will be available for trading beginning Monday, October 2, 2023.
Dissenting Statement Of CFTC Commissioner Caroline D. Pham Regarding The Filing Of Administrative Complaints For Enforcement Actions - “Shotgun Hearings And Quickie Defaults”

Date 29/09/2023

I respectfully dissent on the Commission’s use of administrative proceedings before a hearing officer in the absence of CFTC Administrative Law Judges (ALJs) and in lieu of filing in federal court without an appropriate regard for due process. This creative “shotgun” approach to administrative proceedings, first devised only a couple years ago, flies in the face of decades of Commission standard practice and rules, bypasses federal Article III courts, and is a misuse of the CFTC’s adjudication authority.

CFTC Charges Eight Entities For Fraudulently Claiming CFTC Registration

Date 29/09/2023

The Commodity Futures Trading Commission today announced it filed charges against eight entities for fraudulently claiming to be CFTC-registered futures commission merchants (FCMs) and retail foreign exchange dealers (RFEDs). The entities, which all claim to be based in the Florida, are altux-fx-miner, AstroFXMinners, Avadigital-Miners.com, Globalbitasset, Gold Life Investment, Matchlessfxminer, PrimeCapitalTrade, and Trading-Extramining. Each complaint seeks an order directing the respondent to cease and desist from committing violations of the Commodity Exchange Act (CEA) and CFTC regulations.
U.S. Department Of Justice: Albemarle To Pay Over $218M To Resolve Foreign Corrupt Practices Act Investigation

Date 29/09/2023

Albemarle Corporation (Albemarle), a publicly-traded specialty chemicals manufacturing company headquartered in Charlotte, North Carolina, has agreed to pay more than $218 million to resolve investigations by the U.S. Department of Justice and the Securities and Exchange Commission (SEC) into violations of the Foreign Corrupt Practices Act (FCPA) stemming from Albemarle’s participation in corrupt schemes to pay bribes to government officials in multiple foreign countries.
SEC Proposes Tailored Registration Form For Offerings Of Registered Index-Linked Annuities - Proposal Would Customize Existing Registration Form And Related Processes Currently Used In Connection With Variable Annuities

Date 29/09/2023

The Securities and Exchange Commission today proposed tailored disclosure requirements and offering processes for offerings of registered index-linked annuities (RILAs). The amendments would highlight key information about RILAs, allow insurance companies to conduct RILA offerings in the same way they conduct offerings of variable annuities, and enhance the investor protections that apply to RILA advertisements.
Statement On The Proposal For Registration For Index-Linked Annuities And The Investor Testing Report, SEC Commissioner Mark T. Uyeda Sept. 29, 2023

Date 29/09/2023

I am pleased that the Commission has proposed rule and Form amendments to implement the bipartisan Registered Index-Linked Annuities Act of 2022 (“RILA Act”), which directs the Commission to adopt a new registration form for RILAs within 18 months of enactment. The RILA Act also requires the Commission to engage in investor testing. To comply with this requirement, the Office of the Investor Advocate has issued its Investor Testing Report on RILAs, which describes the Office’s qualitative and quantitative analysis regarding RILA disclosures. I encourage the public to comment on the proposal and to offer their views on how key information about RILAs can be conveyed in an understandable way.
Statement On Registered Index-Linked Annuities, Chair Gary Gensler, Sept. 29, 2023

Date 29/09/2023

Today, the Commission proposed to update the offering process and disclosure requirements for financial products offered by the insurance industry called registered index-linked annuities (RILAs). I am pleased to support this proposal because, if adopted, it would align the RILA offering process with other insurance investment products. Further, if adopted, this rule would implement Congress’s recent mandate to the SEC to adopt a registration form specific to RILAs.