News Centre

GE HealthCare Technologies Inc. To Join The Nasdaq-100 Index® Beginning June 7, 2023

Date 31/05/2023

Nasdaq (Nasdaq: NDAQ) today announced that GE HealthCare Technologies Inc. (Nasdaq: GEHC), will become a component of the Nasdaq-100 Index® (Nasdaq: NDX), the Nasdaq-100 Equal Weighted Index (Nasdaq: NDXE), and the Nasdaq-100 Ex-Tech Sector Index (Nasdaq: NDXX) prior to market open on Wednesday, June 7, 2023. GE HealthCare Technologies Inc. will replace Fiserv, Inc. (Nasdaq: FISV) in the Nasdaq-100 Index®, the Nasdaq-100 Equal Weighted Index, and the Nasdaq-100 Ex-Tech Sector Index. Fiserv, Inc. will also be removed from the Nasdaq-100 ESG Index (Nasdaq: NDXESG) prior to market open on Wednesday, June 7, 2023.

Former Wells Fargo Senior Executive Carrie Tolstedt Agrees To Settle SEC Fraud Charges For Misleading Investors About Abusive Sales Practices To Inflate A Key Performance Metric

Date 30/05/2023

The Securities and Exchange Commission today announced its settlement with the former head of Wells Fargo & Co.’s Community Bank, Carrie L. Tolstedt, in which she has agreed to pay a $3 million penalty stemming from charges brought in 2020 for her role in allegedly misleading investors about the success of the Community Bank, Wells Fargo’s core business. The SEC previously settled related charges against Wells Fargo and its former CEO and Chairman, John Stumpf.

Statement Of Commissioner Kristin N. Johnson Calling For The CFTC To Initiate A Rulemaking Process For CFTC-Registered DCOs Engaged In Crypto Or Digital Asset Clearing Activities

Date 30/05/2023

Today, the Division of Clearing and Risk (DCR) of the Commodity Futures Trading Commission (CFTC or Commission) issued a Staff Advisory on Review of Risks Associated with Expansion of DCO Clearing of Digital Assets (Staff Advisory).  The Staff Advisory acknowledges the introduction of innovative changes including novel financial products and platforms and new market participants operating in our regulated markets in recent years.  The Staff Advisory further acknowledges that careful evaluation may reveal heightened risks associated with certain clearing activities, particularly clearing activities in digital assets or cryptocurrency markets.

TMX Group Limited Announces Further Details Regarding Stock Split

Date 30/05/2023

TMX Group Limited ("TMX Group") announced today that it has set June 8, 2023 as the record date (the "Record Date") for the previously announced five-for-one split of its common shares (the "Stock Split"). The Stock Split was approved by the shareholders of TMX Group at its annual general and special meeting on May 2, 2023. On June 13, 2023 (the "Payment Date"), shareholders of record as of the close of business on the Record Date will receive four additional common shares for every one common share held.

US Office Of The Comptroller Of The Currency Issues Third And Fourth Quarter 2023 CRA Evaluation Schedule

Date 30/05/2023

The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the third and fourth quarters of 2023.

CFTC Commissioner Pham To Speak At The Bloomberg x WIND: Women In Risk Event

Date 30/05/2023

SEC: Former Coinbase Manager And His Brother Agree To Settle Insider Trading Charges Relating To Crypto Asset Securities

Date 30/05/2023

The Securities and Exchange Commission today announced that former Coinbase product manager Ishan Wahi and his brother, Nikhil Wahi, agreed to settle charges that they engaged in insider trading through a scheme to trade ahead of multiple announcements regarding at least nine crypto asset securities that would be made available for trading on the Coinbase platform. Ishan and Nikhil Wahi each agreed to be permanently enjoined from violating Section 10(b) of the Securities Exchange Act and Rule 10b-5 and to pay disgorgement of ill-gotten gains, plus prejudgment interest. As is often the case when a criminal court has already ordered defendants to forfeit their ill-gotten gains, the disgorgement and prejudgment interest in the SEC’s case would be deemed satisfied by the orders of forfeiture of the Wahi brothers’ assets in the criminal action, if approved by the court, and the SEC determined not to seek civil penalties in light of the Wahi brothers’ prison sentences.

Ontario Securities Commission’s Investor Advisory Panel Releases 2022 Annual Report

Date 30/05/2023

The Investor Advisory Panel (the IAP) today released its 2022 Annual Report  summarizing its activities, submissions, consultations and meetings in 2022. 

ISDA derivatiViews: Quantifying The Benefits Of Digitization

Date 30/05/2023

One of the consistent themes that emerged from ISDA’s 37th Annual General Meeting (AGM) in Chicago this month was the need to realize greater efficiencies through digitization. From derivatives documentation to regulatory reporting and collateral management, speakers concurred on the huge benefits of standardizing documentation and automating key processes. But without actually quantifying those benefits, it can be difficult to make the case for investing in digitization. We’ve sought to address this with new research that provides a rare insight into the true value of the digital approach.

Philip Austin To Join SIFMA Advocacy Team

Date 30/05/2023

SIFMA today announced Philip (P.J.) Austin will join the Association’s Federal Advocacy team.  As Vice President, P.J. will focus on tax policy and Advocacy and will report to the Executive Vice President, Advocacy, Josh Wilsusen.