News Centre

SIFMA Testimony At House Subcommittee Hearing Urges Exchange Reform

Date 30/03/2022

In testimony delivered today, Ellen Greene, SIFMA managing director, equity and options market structure, outlined the ways in which existing federal securities laws advantage exchanges but harms investors, and outlined SIFMA’s suggested reforms to better protect investors.

Alberta Securities Commission Launches Interactive Spoof Website To Educate Albertans About Imitated Investment Firms

Date 30/03/2022

In recognition of Fraud Prevention Month, the Alberta Securities Commission (ASC) launched a multi-media campaign to raise awareness of spoofed and cloned websites of legitimate registered investment firms. The campaign features an interactive spoof website that highlights several tell-tale signs of fraud in an easy-to-navigate educational manner.

Statement From CryptoUK On Financial Conduct Authority Crypto Company Deadline

Date 30/03/2022

Commenting on the Financial Conduct Authorities deadline for approval of crypto company operations, which expires on Thursday 31 March, Ian Taylor, Executive Director at CryptoUK, the UK's independent crypto industry association, said: “The FCA has stated that it is given the 12 crypto firms still awaiting approval a period of time to either withdraw or appeal the FCA decision that they had not met the required standards.

Statement On The SPACs Proposal, SEC Commissioner Caroline A. Crenshaw, March 30, 2022

Date 30/03/2022

I’d like to thank the staff, my fellow Commissioners, and the Chair. The staff’s work is, as always, the reason we are here today and I am grateful for, and deeply rely, on their expertise, acumen, and dedication.

Nadex Product Schedule For The China Holidays The Week Of April 4, 2022

Date 30/03/2022

Due to the China holidays on Monday, April 4, 2022, and Tuesday, April 5, 2022, no China 50 contracts will be offered on these days. China 50 contracts will resume their regular listing schedule on trade date April 6, 2022.

Statement On The Proposal To Enhance Investor Protections in SPACs, SEC Commissioner Allison Herren Lee, Washington D.C., March 30, 2022

Date 30/03/2022

The last two years have seen an unprecedented surge in the use of special purpose acquisition vehicles (SPACs) as an alternative means of going public. Indeed the amount of capital raised by SPAC initial public offerings (IPOs) in 2021 was more than $160 billion, a fifteen fold increase over 2018.[1] The rise of SPACs, and the corresponding innovation around their use, raises specific investor protection concerns, especially for retail investors. Today the Commission responds to those concerns by proposing a package of amendments designed to promote transparency and accountability in the SPAC market.

IMF Executive Board Concludes The Review Of The Institutional View On The Liberalization And Management Of Capital flows

Date 30/03/2022

On March 21, 2022, the Executive Board of the International Monetary Fund (IMF) concluded the review of the Institutional View on the Liberalization and Management of Capital Flows (IV)

CFTC Commissioner Stump To Participate In A Virtual Fireside Chat At The 1st Annual Web3 Legal Conference

Date 30/03/2022

SEC Proposes Rules To Enhance Disclosure And Investor Protection Relating To Special Purpose Acquisition Companies, Shell Companies, And Projections

Date 30/03/2022

The Securities and Exchange Commission today proposed new rules and amendments to enhance disclosure and investor protection in initial public offerings by special purpose acquisition companies (SPACs) and in business combination transactions involving shell companies, such as SPACs, and private operating companies.

Statement On Proposal On Special Purpose Acquisition Companies (SPACs), Shell Companies, And Projections, SEC Chair Gary Gensler, March 30, 2022

Date 30/03/2022

Today, the Commission is considering a proposal to strengthen investor protections in special purpose acquisition companies (SPACs). I am pleased to support this proposal because, if adopted, it would strengthen disclosure, marketing standards, and gatekeeper and issuer obligations by market participants in SPACs, helping ensure that investors in these vehicles get protections similar to those when investing in traditional initial public offerings (IPOs).