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  • Nasdaq, Inc. Prices $4.25 Billion And €750 Million Senior Notes Offerings

    Date 23/06/2023

    Nasdaq, Inc. (the “Company” or “Nasdaq”) (Nasdaq: NDAQ) today announced that it priced a public offering of $500,000,000 aggregate principal amount of 5.650% senior notes due 2025, $1,000,000,000 aggregate principal amount of 5.350% senior notes due 2028, $1,250,000,000 aggregate principal amount of 5.550% senior notes due 2034, $750,000,000 aggregate principal amount of 5.950% senior notes due 2053 and $750,000,000 aggregate principal amount of 6.100% senior notes due 2063 (the “Dollar Offering”) and a public offering of €750,000,000 aggregate principal amount of 4.500% senior notes due 2032 (the “Euro Offering” and, together with the Dollar Offering, the “Offerings”). The Company expects to use the net proceeds from the Offerings, together with cash on hand and proceeds of other debt, to fund the cash consideration payable by the Company in connection with its pending acquisition of Adenza Holdings, Inc. (“Adenza”), to repay certain outstanding indebtedness of Adenza and its subsidiaries and to pay related expenses, and for general corporate purposes. Each Offering is expected to close on June 28, 2022, subject to customary closing conditions.

  • Statement Of CFTC Commissioner Kristin N. Johnson: Stop Digital Assets And Forex Ponzi Schemes

    Date 23/06/2023

    Today, the Commodity Futures Trading Commission (CFTC or Commission) filed a Complaint in the U.S. District Court for the Northern District of California against William Koo Ichioka, charging him with soliciting tens of millions of dollars from more than 100 individuals and entities to trade digital asset commodities.  Ichioka promised to use customers’ assets to enter into retail foreign currency transactions (forex) through a commodity interest pool operating under the name “Ichioka Ventures.”  Consistent with investment frauds referred to as Ponzi schemes, Ichioka misappropriated more than $21 million of participant funds and used newly entering customers’ funds to create the illusion of profits for existing customers while contemporaneously appropriating customer funds for personal expenses.

  • CFTC Charges New York Man With Misappropriating Over $21 Million In Commodity Pool Scheme - Federal Judge Issues Permanent Injunction And Orders Registration, Trading Bans

    Date 23/06/2023

    The Commodity Futures Trading Commission today filed a civil enforcement action in the U.S. District Court for the Northern District of California charging William Koo Ichioka, a New York City resident, with fraudulently soliciting and misappropriating more than $21 million from over 100 commodity pool participants’ funds. 

  • Readout: US Under Secretary Brian Nelson’s Meeting With President Of The Federal Republic Of Somalia Hassan Sheikh Mohamud

    Date 22/06/2023

    On June 20, Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson met with Hassan Sheikh Mohamud, the President of the Federal Republic of Somalia. The two affirmed the close U.S.-Somali partnership in combatting al-Shabaab and its illicit financial activities, areas to further enhance ongoing counter terrorist financing cooperation, and the need for robust anti-money laundering and counter terrorist financing (AML/CFT) frameworks to protect financial systems from abuse and provide broad access to well-regulated financial services. They also discussed the importance of strong economic governance and Somalia’s progress to advance critical reforms to reach the Heavily Indebted Poor Country Countries (HIPC) Completion Point for debt relief.

  • SEC Charges Investment Fund Founder William K. Ichioka with $25 Million Offering Fraud

    Date 22/06/2023

    The Securities and Exchange Commission today charged William K. Ichioka, of New York, New York, with fraudulently raising $25 million from individual investors primarily in California and Oregon by making false claims about his investing success and promising large anticipated returns but instead using investor funds for gambling and to enrich himself. Ichioka has agreed to resolve the charges against him.

  • Readout: US Secretary Of The Treasury Janet L. Yellen’s Meeting With President Of The European Commission Ursula von der Leyen

    Date 22/06/2023

    Today, U.S. Secretary of the Treasury Janet L. Yellen met with President of the European Commission Ursula von der Leyen on the sidelines of the Summit for a New Global Financing Pact. Secretary Yellen highlighted the importance of the partnership with the EU through the G7 Partnership for Global Infrastructure and Investment and the Just Energy Transition Partnerships to support infrastructure development in emerging countries. They also discussed clean energy transition and supply chain resilience as well as work to sustain needed economic and budgetary support for Ukraine.

  • CFTC Charges California Resident And His Corporation With Fraud And Misappropriation In A Popular Romance Scam Involving Digital Asset Commodities And Forex

    Date 22/06/2023

    The Commodity Futures Trading Commission today filed a civil enforcement action in the U.S. District Court for the Central District of California against California resident Cunwen Zhu and his California-based company Justby International Auctions (Justby). The complaint alleges that Zhu and Justby fraudulently misappropriated over $1.3 million in customer funds intended for digital asset commodity and forex trading. This is CFTC’s first case involving a romance scam, commonly known as “Pig Butchering,” a type of fraud that is growing in popularity.

  • ISDA, AFME Respond To EBA On FRTB Reporting Requirements

    Date 22/06/2023

    On June 21, ISDA and the Association for Financial Markets in Europe (AFME) submitted a joint response to the European Banking Authority (EBA) consultation on draft amendments to the implementing technical standards (ITS) on the Fundamental Review of the Trading Book (FRTB) reporting requirements under the Capital Requirements Regulation (CRR).

  • Federal Reserve: Senior Credit Officer Opinion Survey On Dealer Financing Terms

    Date 22/06/2023

    The Senior Credit Officer Opinion Survey on Dealer Financing Terms (SCOOS) is a quarterly survey providing information about the availability and terms of credit in securities financing and over-the counter (OTC) derivatives markets. The SCOOS is modeled after the long-established Senior Loan Officer Opinion Survey on Bank Lending Practices, which provides qualitative information about changes in supply and demand for loans to households and businesses at commercial banks. The SCOOS collects qualitative information on credit terms and conditions in securities financing and OTC derivatives markets, which are important conduits for leverage in the financial system. The survey panel for the SCOOS began by including 20 dealers and over time has been expanded. These firms account for almost all of the dealer activity in dollar-denominated securities financing and OTC derivatives markets. The survey is directed to senior credit officers responsible for maintaining a consolidated perspective on the management of credit risks. The HTML links below include the full report; the PDF links include the summary only.

  • Readout: US Secretary Of The Treasury Janet L. Yellen’s Meeting With President Of Comoros Azali Assoumani

    Date 22/06/2023

    Today, U.S. Secretary of the Treasury Janet L. Yellen met with President of Comoros Azali Assoumani on the sidelines of the Summit for a New Global Financial Pact. Secretary Yellen welcomed the opportunity to discuss shared priorities with President Assoumani in his role as the current Chair of the African Union. She expressed that our partnership with countries across Africa is essential to strengthening the world economy and addressing shared challenges, including the impact of Russia’s war in Ukraine, and reiterated the United States’ full support for permanent membership in the G20 for the African Union. Secretary Yellen also recognized the significant climate vulnerabilities Comoros faces as an island economy and discussed ongoing work to build climate resilience to support small island developing states. Finally, she highlighted our work with Comoros through the G7 Partnership for Global Infrastructure and Investment and the U.S.-African Union Food Security Partnership.