News Centre

Pizza Or Pizza? Statement On Investment Company Names, SEC Commissioner Hester M. Peirce, Sept. 20, 2023

Date 20/09/2023

Thank you, Mr. Chair.

When you walk up to a shop with a sign that reads in large neon letters, “Pizza Shop,” you expect to be greeted by the comforting smell of baking dough, sauce and cheese. You know broadly what to expect. Whether it will be classics like pepperoni and cheese or something less conventional like coconut and banana, you have a general idea of what to expect when you walk into a pizza shop. You are not going to get sushi or tacos; you are going to get some sort of pizza.

Truth In Naming, SEC Commissioner Jaime Lizárrag, Sept. 20, 2023

Date 20/09/2023

More than half of U.S. households – 55 percent to be exact – invested in registered funds in 2022, many as part of their retirement accounts. By modernizing a truth-in-naming rule that is woefully outdated and out of touch with the needs of investors in our modern times, the actions we are taking today will strengthen protections for nearly 121 million retail investors.

SEC Adopts Rule Enhancements To Prevent Misleading Or Deceptive Investment Fund Names

Date 20/09/2023

The Securities and Exchange Commission today adopted amendments to the Investment Company Act “Names Rule,” which addresses fund names that are likely to mislead investors about a fund’s investments and risks. The amendments modernize and enhance the Names Rule and other names-related regulatory requirements to further the Commission’s investor protection goals and to address developments in the fund industry in the approximately 20 years since the rule was adopted.

CFTC Orders Chicago-Based Advantage Futures LLC To Pay $395,000 For Supervision Failures

Date 20/09/2023

The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against Advantage Futures LLC, a registered futures commission merchant based in Chicago, Illinois, for failing to diligently supervise the handling of commodity interest accounts, which resulted in incomplete and inadequate oversight of its surveillance of customers’ trading activity for disruptive trading over a four-year period, in violation of CFTC regulations. 

CFTC Orders StoneX Markets LLC To Pay $650,000 For Violations Of Swap Business Conduct Standards - Swap Dealer Admits It Failed To Disclose Pre-Trade Mid-Market Marks And Failed To Diligently Supervise Its Compliance Process

Date 20/09/2023

The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against StoneX Markets LLC (StoneX), a registered swap dealer, for violations of the CFTC’s Business Conduct Standards applicable to swap dealers. Specifically, the CFTC found that StoneX failed to disclose thousands of Pre-Trade Mid-Market Marks (PTMMM), in violation of CFTC Regulation 23.431, and failed to diligently supervise its PTMMM compliance process, in violation of CFTC Regulation 23.602.

BIS: The Effect Of Monetary Policy On Inflation Heterogeneity Along The Income Distribution

Date 20/09/2023

Monetary policy has distributional effects – because a change in interest rates affects agents differently depending on their interest rate exposure, because income and wealth are affected differently, and possibly also because inflation responds differently across agents. While there is a large literature on the wealth and income effects of monetary policy, the effects on inflation differentials have barely been studied.

NG Clearing Announces New MD/CEO Appointment, Pending Nigerian Securities And Exchange Commission Approval.

Date 20/09/2023

NG Clearing, West Africa’s Premier Central Counterparty, is delighted to announce the appointment of Mr. Farooq Adedayo Oreagba as its new Managing Director and Chief Executive Officer, subject to approval from the Securities and Exchange Commission (SEC). The Board of Directors of NG Clearing has unanimously appointed Mr. Oreagba to this esteemed role, recognizing his outstanding achievements and expertise in the financial services sector.

Remarks By US Secretary Of The Treasury Janet L. Yellen At Bilateral Meeting With Prime Minister Of Vietnam Pham Minh Chinh, In New York, New York

Date 20/09/2023

Prime Minister Chinh, I’m very glad we are meeting here in New York again after my visit to Hanoi in July.

As I said to you this summer, I care deeply about further improving our bilateral economic relationship.

Jos Dijsselhof, CEO SIX, Elected As Vice Chairman Of World Federation Of Exchanges (WFE)

Date 20/09/2023

Jos Dijsselhof, CEO SIX, has been elected as new Vice Chairman of the WFE at the Annual Meeting of the World Federation of Exchanges (WFE). The vote was unanimous. His period of office is two years.

ICE, Gitterman Asset Management And Accenture Host ICE Climate & Capital Conference To Discuss Emerging Climate-Related Challenges And Opportunities

Date 20/09/2023

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, and operator of the world’s most liquid environmental markets, announced that it will co-host the Climate & Capital Conference with Gitterman Asset Management and Accenture on Wednesday, September 20, 2023, at the NYSE, coinciding with New York City’s Climate Week. The event will be livestreamed by Fintech.TV.