News Centre

SEC Charges Firm And Five Brokers With Violations Of Reg BI - Brokerage Firm Sold $13.3 Million Worth Of High-Risk Bonds To Retirees And Other Retail Investors

Date 16/06/2022

The Securities and Exchange Commission today charged registered broker-dealer Western International Securities, Inc. and five of its registered representatives, or brokers – Nancy Cole, Patrick Egan, Andy Gitipityapon, Steven Graham, and Thomas Swan – with violating Best Interest Obligation regulations (commonly referred to as Regulation Best Interest or Reg BI) when they recommended and sold an unrated, high-risk debt security known as L Bonds to retirees and other retail investors. From July 2020 through April 2021, Western sold an aggregate of $13.3 million of L Bonds.

FSB Sub-Saharan Africa Group Discusses Climate-Related Risks, Cross-Border Payments And Crypto-Assets

Date 16/06/2022

The Financial Stability Board (FSB) Regional Consultative Group (RCG) for Sub-Saharan Africa held their first in-person meeting since the onset of the COVID-19 pandemic, hosted by the Bank of Ghana in Accra. 

Trading Venue Perimeter: Related Market Data Issue And A Viable Alternative - By Kelvin To, Founder And President Of Data Boiler Technologies

Date 16/06/2022

Economically, an Alternative Trading System (ATS) may not afford to subscribe to every Exchange’s proprietary feed. ATSs use a mix of SIP feed, selected choice of proprietary feed(s), and vendor solutions to navigate the market in finding suitable liquidity for their clients. Instead of mandating ATSs to source market data other than the published data provided by the SROs, the SEC should consider extending the market data infrastructure rule - latency neutralization concept across Exchanges, ATSs, and Self-Aggregators. To achieve this and the protected-quote requirements we advocate for the use of time-lock encryption to make market data available securely in synchronized time. Be assured this is not another speed bump; time-lock would ensure no premature decryption of data.

Smarsh AI-Powered Enterprise Platform Enables Compliance Teams To Monitor 100+ Communications Channels, Spot Regulatory Risks Sooner - Leading Software-As-A-Service (Saas) Platform Delivers Unrivaled Communications Intelligence Capabilities, Making Compliance Management Easier And Cutting Compliance Retention Costs By Up To 50%

Date 16/06/2022

Smarsh, the global leader in digital communications compliance and intelligence, announced today the latest release of the Smarsh Enterprise Platform. The platform is designed to meet the unique needs of global compliance programs by providing centralized management and governance across all channels of communication - including email, social media, instant messaging and voice.

ACER’s Draft Framework Guideline On Demand Response Is Open For Public Consultation Until 2 August 2022

Date 16/06/2022

The EU Agency for the Cooperation of Energy Regulators (ACER) has been mandated by the European Commission to draft and submit a non-binding framework guideline on demand response.

Shaping The Rules For A Data-Driven Future - Speech By The UK Financial Conduct Authority Chief Executive, Nikhil Rathi, Delivered At The Dutch Authority For The Financial Markets (AFM) 20th Anniversary Seminar.

Date 16/06/2022

Highlights

• The value of consumer data has soared and we often trade privacy for expediency. 
• We have had constructive engagement with Google on promotional adverts of non-regulated firms and more recently with Twitter and are hopeful other technology giants follow. 
• Data is the lifeblood of a modern regulator and in the next five years, we expect to become as much a regulator of data as a financial one. 
• While data can help institutions identify risk, it can also entrench bias and make it more difficult for consumers to access loans or products such as insurance. 
• International coordination will be increasingly vital with the rise in risk associated with digitalisation and gamification. 
• Investment in tech and skills is the key to staying ahead. 

Nykode Therapeutics Transfers To Main Market On Oslo Børs

Date 16/06/2022

• The sixth transfer on Oslo Børs in 2022

• Market capitalisation of approximately NOK 8.2 billion

Saudi Capital Market Growth Hailed At HSBC-Saudi Exchange Summit

Date 16/06/2022

The success of recent IPO listings in Saudi Arabia was recognized as a strong regional economic catalyst at a conference in London last week hosted by Saudi Exchange and HSBC.

QNBFS Announced The Signing Of The Liquidity Provider Agreement With Qatar Stock Exchange Index Fund

Date 16/06/2022

QNBFS announces the signing of a liquidity provision agreement with the Qatar Stock Exchange Index Fund (QETF), The activity will start on July 3, 2022.

Exchange Of Letters Between The Bank Of England Governor And The UK Chancellor Regarding CPI Inflation - June 2022

Date 16/06/2022

If inflation moves away from the target by more than 1 percentage point in either direction, the Governor is required to send an open letter to the Chancellor explaining why inflation has moved away from target and what action the Bank is taking to bring inflation back to target.