News Centre

Securities Commission Malaysia: Hap2py Not Authorised To Operate P2P In Malaysia

Date 22/01/2024

The Securities Commission Malaysia (SC) today warns the public against investing in or dealing with Hap2py, an unauthorised peer-to-peer (P2P) financing platform in Malaysia. 

Cancelled — CFTC Open Meeting For January 22

Date 20/01/2024

The Commodity Futures Trading Commission Open Meeting scheduled for Monday, January 22, 2024 has been cancelled. The matters under consideration are being resolved through the Commission’s seriatim process.

US Department Of Justice: CEO Sentenced For Transnational “Cherry-Picking” Scheme Involving Foreign Exchange And Cryptocurrency Futures Contracts - First Criminal Charge Against A Commodities Trading Advisor And Commodities Pool Operator For Engaging In A “Cherry-Picking” Scheme Involving Cryptocurrency Futures Contracts

Date 19/01/2024

A chief executive officer of an investment firm was sentenced today to two years in prison followed by one year and six months of home confinement and ordered to forfeit approximately $1.6 million for a “cherry-picking” scheme, in which he fraudulently misappropriated profitable trades to himself and saddled his investors with losses. 

Treasury International Capital Data For November

Date 19/01/2024

The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for November 2023.  The next release, which will report on data for December 2023, is scheduled for February 15, 2024. 

Statement Of CFTC Commissioner Kristin N. Johnson Regarding CFTC Charges In “Pig Butchering” Case

Date 19/01/2024

Introduction

Today, the Commodity Futures Trading Commission (CFTC or Commission) announced the filing of a complaint in the United States District Court for the District of Arizona at Phoenix against Debiex (Debiex) and Zhăng Chéng Yáng (Zhang) in its second case in just seven months targeting a type of romance fraud known as “Sha Zhu Pan” or “Pig Butchering.” The romance fraud involves a scheme to defraud customers through digital asset solicitations.

CFTC Charges Bogus Digital Asset Platform With Fraud And Misappropriation In An Online Romance Scam - Five Victims Lost $2.3 Million To Con Targeting Asian Americans

Date 19/01/2024

The Commodity Futures Trading Commission today announced it filed a civil enforcement action in the U.S. District Court for the District of Arizona against Debiex. The complaint alleges Debiex used popular romance scam tactics to fraudulently misappropriate $2.3 million in customer funds intended for digital asset commodity trading. 

CFTC Commitments Of Traders Reports Update

Date 19/01/2024

The current reports for the week of January 16, 2024 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.

FP Markets Partners With Industry-Leading Platform Provider TradingView - FP Markets' Customers Around The World Can Now Gain Access To TradingView's Advanced Charts And Analysis, Powerful Trading Tools And Interact With The World's Largest Social Network Of Traders.

Date 19/01/2024

To meet the ever-evolving demands of traders and investors, leading Forex and CFDs broker FP Markets has announced a new partnership with TradingView. Clients with an active Trading Account at FP Markets can now leverage TradingView's cutting-edge charting solutions.

New York State Department of Financial Services Superintendent Adrienne A. Harris Announces $30 Million Settlement With Industrial And Commercial Bank Of China Ltd. For Multiple Compliance Failures  - Bank Failed To Improve Compliance Program, Failed To Report Backdated Documents, And Disclosed Confidential Supervisory Information Without Authorization

Date 19/01/2024

Superintendent of Financial Services Adrienne A. Harris announced today that Industrial and Commercial Bank of China Ltd. (ICBC) and its New York branch have agreed to pay $30 million in penalties pursuant to a Consent Order entered into with the New York State Department of Financial Services (DFS). The Consent Order resolves the Department’s investigation into numerous Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance deficiencies and violations of New York law.  

Staff Statement On Rule 6c-11(c)(1)(i)(C) Regarding Description Of Foreign Currency Holdings, SEC Division Of Investment Management Staff

Date 19/01/2024

With this statement, the Division of Investment Management (“Division” or “Staff”) provides its views regarding exchange-traded funds’ (“ETFs”) disclosure of foreign currency holdings on their website as needed to comply with the daily portfolio holdings disclosure requirements of Rule 6c-11 under the Investment Company Act of 1940 (“Act”).