News Centre

The Importance Of A Comprehensive Risk Assessment By Auditors And Management, Paul Munter, SEC Chief Accountant, Aug. 25, 2023

Date 25/08/2023

Introduction

Management’s and auditors’ risk assessment processes are critical to the decisions regarding financial reporting and the effectiveness of internal control over financial reporting (ICFR). Accordingly, we are troubled by instances in which management and auditors appear too narrowly focused on information and risks that directly impact financial reporting, while disregarding broader, entity-level issues that may also impact financial reporting and internal controls. Such a narrow focus is detrimental to investors as it can result in material risks to the business going unaddressed and undisclosed, thereby diminishing the quality of financial information.

Closing Remarks Of CFTC Commissioner Christy Goldsmith Romero At The Global Research Alliance For Sustainable Finance And Investment Annual Conference - A Roadmap For Action On Climate Resilience, Yale University

Date 25/08/2023

Thank you to the Global Research Alliance for Sustainable Finance and Investment for inviting me to close out this highly informative conference.  The timing is certainly appropriate, at the end of the warmest summer on record—a summer that experienced extreme heat events such as smoke days that made it unsafe to go outside, a month-long stretch of 110+ days in Phoenix, and the heartbreaking deadly Maui wildfires.  It’s inspiring to be here in a group of people who are looking for sustainable finance and investment solutions to the emerging risks from climate change, particularly one year after the passage of the landmark Inflation Reduction Act.

CFTC Commitments Of Traders Reports Update

Date 25/08/2023

The current reports for the week of August 22, 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.

SEC Announces First Fee Rate Advisory For Fiscal Year 2024

Date 25/08/2023

The Securities and Exchange Commission today announced that the fees that public companies and other issuers pay to register their securities with the Commission will increase from $110.20 per million dollars to $147.60 per million dollars, effective Oct. 1. The new fee rate will be applicable to the registration of securities under Section 6(b) of the Securities Act of 1933, the repurchase of securities under Section 13(e) of the Securities Exchange Act of 1934, and proxy solicitations and statements in corporate control transactions under Section 14(g) of the Securities Exchange Act of 1934.

Nigerian Exchange Market Report For August 25th, 2023

Date 25/08/2023

A total turnover of 1.812 billion shares worth N29.299 billion in 31,163 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.689 billion shares valued at N29.407 billion that exchanged hands last week in 29,477 deals.

SEC Awards Whistleblower More Than $18 Million

Date 25/08/2023

The Securities and Exchange Commission today announced an award of more than $18 million to a whistleblower whose information and assistance led to a successful SEC enforcement action.

MIAX Options And MIAX Emerald Options Exchanges - Rollback Of Certain Non-Transaction Fee Changes

Date 25/08/2023

On August 3, 2023, the Securities and Exchange Commission suspended ToM and cToM fee changes for MIAX Options and MIAX Emerald Options. 

Inflation: Progress And The Path Ahead, Federal Reserve Chair Jerome H. Powell, At “Structural Shifts In The Global Economy,” An Economic Policy Symposium Sponsored By The Federal Reserve Bank Of Kansas City, Jackson Hole, Wyoming

Date 25/08/2023

Good morning. At last year's Jackson Hole symposium, I delivered a brief, direct message. My remarks this year will be a bit longer, but the message is the same: It is the Fed's job to bring inflation down to our 2 percent goal, and we will do so. We have tightened policy significantly over the past year. Although inflation has moved down from its peak—a welcome development—it remains too high. We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective.

Bolsa de Valores de Colombia Group 2Q23 Earnings Results

Date 25/08/2023

bvc Group reports Earnings Results as of 2Q23

Solid 2Q23 results on revenues boosted by non-trading revenues business lines

• Revenues Totaled COP $148.757 million Increased by +19% YoY
  
• EBITDA  totaled COP $53.035 million (+10% YoY),  with an Ebitda margin of 38%
• Net profits totaled COP $33.214 million (+33% YoY), with a Net margin of 22%

SEC Charges 3M With Foreign Corrupt Practices Act Violations Relating To China Subsidiary

Date 25/08/2023

The Securities and Exchange Commission today announced that 3M Company agreed to pay more than $6.5 million to resolve charges that it violated the books and records and internal controls provisions of the Foreign Corrupt Practices Act (FCPA).