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SEC Proposes New Requirements To Address Risks To Investors From Conflicts Of Interest Associated With The Use Of Predictive Data Analytics By Broker-Dealers And Investment Advisers

Date 26/07/2023

The Securities and Exchange Commission today proposed new rules that would require broker-dealers and investment advisers (collectively, “firms”) to take certain steps to address conflicts of interest associated with their use of predictive data analytics and similar technologies to interact with investors to prevent firms from placing their interests ahead of investors’ interests.

Opening Statement Of CFTC Commissioner Kristin N. Johnson - Open Meeting July 26, 2023 Of The Commodity Futures Trading Commission

Date 26/07/2023

Good morning.  Thank you, Chairman, Commissioners, Commission Staff, and everyone joining us in person and virtually.  Today, we will consider a final rule on Reporting and Information Requirements for Derivatives Clearing Organizations (DCOs), a proposed rule on Swap Confirmation Requirements for Swap Execution Facilities (SEFs), a proposed rule on Amendments to Provisions Common to Registered Entities, and a proposed rule on Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants.

SEC Adopts Rules On Cybersecurity Risk Management, Strategy, Governance, And Incident Disclosure By Public Companies

Date 26/07/2023

The Securities and Exchange Commission today adopted rules requiring registrants to disclose material cybersecurity incidents they experience and to disclose on an annual basis material information regarding their cybersecurity risk management, strategy, and governance. The Commission also adopted rules requiring foreign private issuers to make comparable disclosures.

Statement On Public Company Cybersecurity Disclosures, SEC Chair Gary Gensler, July 26, 2023

Date 26/07/2023

Today, the Commission is considering adopting final rules regarding cybersecurity disclosures by public companies. I am pleased to support these rules because they will enhance and standardize disclosures to investors with regard to public companies’ cybersecurity practices as well as material cybersecurity incidents.

Opening Statement Of CFTC Commissioner Christy Goldsmith Romero: Regulating For The Future - CFTC Open Meeting

Date 26/07/2023

Derivative markets are at a period of evolution.  An evolution of technology.  An evolution of new products.  An evolution to more retail customers.  This period of evolution presents both very real opportunities and very real challenges.

Virtu Announces Second Quarter 2023 Results

Date 26/07/2023

Virtu Financial, Inc. (NASDAQ: VIRT), a leading provider of financial services and products that leverages cutting edge technology to deliver innovative, transparent trading solutions to its clients and liquidity to the global markets, today reported results for the second quarter ended June 30, 2023.

Opening Statement Of CFTC Chairman Rostin Behnam Regarding July 26th Open Meeting

Date 26/07/2023

Introduction

Good morning.  Today, the Commission will consider four matters – one final rule and three notices of proposed rulemaking.  To the tremendous credit of our staff and the Commission, we are on course to timely complete an agenda I laid out in February which seeks to continue a longer trajectory of refining policy and regulation to alleviate unnecessary burdens and uncertainty while promoting competition and innovation in the U.S. and abroad.  By staying on course, we will ultimately achieve our most important goal:  protecting customers and ensuring safe, transparent, and resilient derivatives markets.

Rimes Joins The United Nations Global Compact Initiative - Part Of Their Ongoing Commitment To Sustainable Development

Date 26/07/2023

Rimes is pleased to announce that they have joined the United Nations Global Compact initiative (UNGC) — a voluntary leadership platform for developing, implementing, and disclosing responsible business practices. Following this announcement, Rimes is now part of a growing group of thousands of companies globally committed to taking responsible business action to create the world we all want.

SEC Charges Investor Joseph C. Lewis And Associates With Insider Trading - Lewis Tipped His Then-Girlfriend And Private Jet Pilots With Material Nonpublic Information

Date 26/07/2023

The Securities and Exchange Commission today charged investor Joseph C. Lewis for illegally tipping material nonpublic information to his then-girlfriend, Carolyn W. Carter, as well as his two private pilots, Patrick J. O’Connor and Bryan L. Waugh, so that each would use this information to execute trades. The SEC also charged Carter, O’Connor, and Waugh with using that information to trade and reap combined profits of more than $545,000.

ACA Group Enhances Surveillance Capabilities For Off-Channel Communications To Navigate Rising Regulatory Scrutiny - New Partnership With LeapXpert Will Help Financial Firms Surveil Multiple Messaging Channels To Meet Client Expectations While Ensuring Regulatory Compliance

Date 26/07/2023

ACA Group (ACA), the leading governance, risk, and compliance (GRC) advisor in financial services, has enhanced its ability to enable institutions to thoroughly capture mobile device traffic through a partnership with LeapXpert. The partnership delivers expanded enhancements to archival, workflow, and surveillance features across WhatsApp, iMessage, SMS, WeChat, Telegram, LINE, and Signal. The advanced mobile messaging communications capture capabilities provide compliance professionals with the necessary oversight to avoid fines and penalties tied to global regulations.