News Centre

Keynote Of CFTC Chairman Rostin Behnam At Bloomberg’s The Final Chapter For USD LIBOR - The Finish Line Is In Sight

Date 17/11/2022

Introduction

Good afternoon.  Thank you to Bloomberg for hosting this event.  It’s a pleasure to join you to discuss LIBOR transition and expectations as we approach June 30, 2023, the end date for the remaining settings of U.S. Dollar (USD) LIBOR.

SEC Charges Unregistered Brokers That Facilitated More Than $1.2 Billion In Primarily Penny Stock Trades

Date 17/11/2022

The Securities and Exchange Commission today charged Jeffrey K. Galvani, Stuart A. Jeffery, and two New York-based entities they controlled with operating as unregistered broker-dealers that facilitated more than $1.2 billion of securities trading, primarily in penny stocks.

Concurring Statement Of CFTC Commissioner Christy Goldsmith Romero In The Classic Energy Natural Gas Insider Trading Case

Date 17/11/2022

The Commission brought a civil enforcement case connected to a criminal insider trading conspiracy in natural gas markets referred to as the Classic Energy cases.  The follow-on CFTC civil case is against co-conspirator, and former Classic Energy broker Lee Tippett, who awaits sentencing after his criminal conviction for conspiracy to commit honest services wire fraud and commodities fraud.  I supported the Commission’s enforcement action against the defendant.  However, I did not support settling that action prior to an upcoming trial in this case against another defendant where the Commission may require the defendant’s cooperation, and prior to his sentencing.  Nor did I support any language in the settlement that allows the defendant to escape admitting to all of his wrongdoing, given that he played a part in a massive criminal scheme.

Ontario Securities Commission Study Finds Gamification Techniques Influence Retail Investors

Date 17/11/2022

The Ontario Securities Commission (OSC) today published Staff Notice 11-796 Digital Engagement Practices in Retail Investing: Gamification and Other Behavioural Techniques about a study that examined the influence of gamification and other behavioural techniques on retail investor behaviour.

Statement On Speaker Pelosi’s Future Plans, SEC Commissioner Jaime Lizárraga, Nov. 17, 2022

Date 17/11/2022

Today, House Speaker Nancy Pelosi closes a chapter in her exceptional American journey.

US Acting Comptroller Of The Currency Emphasizes Caution With Crypto

Date 17/11/2022

Acting Comptroller of the Currency Michael J. Hsu discussed the continued risks of crypto to consumers during remarks before the U.S. Department of the Treasury’s Financial Literacy Education Commission. In his remarks, the Acting Comptroller emphasized the Office of the Comptroller of the Currency’s careful and cautious approach to crypto that has helped mitigate the risk of contagion to the banking system.

Remarks At The 2022 Cato Summit On Financial Regulation, SEC Commissioner Mark T. Uyeda, Washington D.C., Nov. 17, 2022

Date 17/11/2022

Thank you, Jennifer [Schulp], for the kind introduction. Good morning to everyone here in person and those participating virtually. I appreciate being part of your conference focusing on the rise of environmental, social, and governance (ESG) investing and the future of financial regulation. The conference raises a number of important questions, such as “what is ESG?,” “what role should ESG play in investment decisions?,” and “should ESG be considered in assessing financial stability?” As you consider these issues, I wanted to share some thoughts that reflect my individual views as a Commissioner and do not necessarily reflect the views of the full Commission or my fellow Commissioners.

Keynote Of CFTC Chairman Rostin Behnam At The 2022 U.S. Treasury Market Conference

Date 17/11/2022

Introduction

Good afternoon.  It is a pleasure to join you today in person as we discuss some of the current issues facing the U.S. Treasury Market.

The Winners And Losers In A Post-FTX World - Kaiko: Research

Date 17/11/2022

The aftershocks of the FTX fraud continue to ripple through crypto, with entities such as Genesis Trading and the FTX-owned exchange Liquid halting withdrawals over the last couple of days. It’s likely that it will take months or years to determine who the real winners and losers of the biggest scandal in crypto history will be, but there are some interesting market dynamics to be aware of in the immediate aftermath of the collapse of FTX. Using Kaiko’s CeFi and DeFi data, we have identified some important trends that give an indication as to who may stand to win and lose in the future.

NGX, GRI, NGX RegCo Foster Nigeria’s ESG Goals, Build Capital Market Capacities

Date 17/11/2022

Nigerian Exchange Limited (“NGX” or “The Exchange”) through its X-Academy, collaborated with NGX Regulation Limited (NGX RegCo) and Global Reporting Initiative (GRI), on a capacity building session in sustainability reporting and Environmental, Social and Governance (ESG) disclosures for listed corporates.