News Centre

CFTC Charges “My Forex Funds” With Fraudulently Taking Over $300 Million From Customers Hoping To Become Professional Traders - Court Issues Restraining Order Instituting Asset Freeze

Date 01/09/2023

The Commodity Futures Trading Commission today announced it filed a complaint in the U.S. District Court for the District of New Jersey against Murtuza Kazmi, formerly of Phillipsburg, New Jersey, and his companies, Traders Global Group Inc., a New Jersey corporation and Traders Global Group Inc., a Canadian business organization, all doing business as “My Forex Funds.” The complaint charges them with fraudulently soliciting customers to trade leveraged, margined, or financed retail foreign exchange (retail forex), and leveraged retail commodity transactions.

BOX Options Market: Amendment To Rule 5020 (Criteria For Underlying Securities) To Accelerate The Listing Of Option On Certain IPOs

Date 01/09/2023

Overview
BOX Options Market LLC (“BOX”) has amended Rule 5020 to permit an underlying security having a market capitalization of at least $3 billion based upon the offering price of its initial public offering (“IPO”), to be listed and traded starting on or after the second business day following the IPO day.

CFTC Commitments Of Traders Reports Update

Date 01/09/2023

The current reports for the week of August 29, 2023 are now available. Report data is also available in the CFTC Public Reporting Environment (PRE), which allows users to search, filter, customize and download report data.

ISDA Responds To IASB On Amendments To IFRS 9 And IFRS 7

Date 01/09/2023

On July 7, ISDA submitted a comment letter to the International Accounting Standards Board (IASB) in response to its exposure draft on ‘Amendments to the Classification and Measurement of Financial Instruments, Proposed amendments to IFRS 9 and IFRS 7’.

Financial Literacy, Awareness, Can Help Reduce Unclaimed Dividends – NGX

Date 01/09/2023

Nigerian Exchange Limited (NGX) has said that a mix of financial literacy and awareness can help to reduce the growing number of unclaimed dividend in the capital market.

Merger Between Holding Bursatil Chilena (HBC) And Sociedad de Infraestructuras de Mercado S.A. (SIM)

Date 01/09/2023

US Office Of The Comptroller Of The Currency Releases CRA Evaluations For 24 National Banks And Federal Savings Associations

Date 01/09/2023

The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of August 1, 2023, through August 31, 2023. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. The possible ratings are outstanding, satisfactory, needs to improve, and substantial noncompliance.

US Federal And State Financial Regulatory Agencies Issue Interagency Statement On Supervisory Practices Regarding Financial Institutions Affected By Hurricane Idalia

Date 01/09/2023

The Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration, the Office of the Comptroller of the Currency, and state financial regulators, collectively the agencies, recognize the serious impact of Hurricane Idalia on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their supervision. The agencies encourage institutions operating in the affected areas to meet the financial services needs of their communities.

NGX Emerges One Of The Best Performing Markets In Three Months

Date 01/09/2023

Despite concerns around the soaring inflation, interest rate hikes and weak macroeconomic indices, investors’ confidence in Nigeria’s stock market remained strong, leading to Nigerian Exchange Limited (NGX) emerging one of the best performing exchanges in Africa during a 3-month duration.

SIFMA Statement On SEC Order On New National Market System Plan

Date 01/09/2023

SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr. on the Securities and Exchange Commission (SEC) directing equity exchanges and FINRA to improve governance of market data plans: