News Centre

U.S. Department Of Justice: Former Bank Employee Pleads Guilty To Manipulating U.S. Treasury Securities Prices

Date 15/04/2022

A former trader at a global financial institution pleaded guilty today to manipulating U.S. Treasury securities prices.

CalPERS Board Election Underway As Voting Begins - Ballots Mailed - Candidate Forum April 27

Date 15/04/2022

CalPERS active public agency members can expect a blue envelope that contains their ballot for the special board election in their mailboxes in the next few days.

Nadex Temporarily Amends Binary Contracts Strike Width

Date 15/04/2022

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(d) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) hereby provides notice that due to increased or decreased volatility, as the case may be, in the underlying markets upon which the Nadex contracts are based, Nadex made changes to the strike widths of various contracts during the week of April 11, 2022 as indicated in the Weekly Notice.

SEC Obtains TRO And Asset Freeze Against Alleged Perpetrators Of Nearly $450 Million Ponzi Scheme

Date 15/04/2022

The Securities and Exchange Commission today announced charges and an asset freeze against several Las Vegas-area individuals and companies allegedly behind a nearly half-billion dollar Ponzi scheme involving purported personal injury settlements. The SEC charged certain defendants with violations of the antifraud provisions of the federal securities laws, certain individual defendants with acting as unregistered brokers, and all defendants with engaging in an unregistered securities offering.

Nadex Refrains From Listing Certain Contracts

Date 15/04/2022

Due to activity in the underlying markets upon which the Nadex contracts are based and pursuant to the authority granted in Nadex Rule 12.1(i), Nadex took the following actions:

Statement Regarding SPAC Matter, SEC Commissioner Hester M. Peirce, April 15, 2022

Date 15/04/2022

Alberton Acquisition Corporation (the “SPAC”) filed a Form 8-K yesterday announcing that SolarMax Technology, Inc. (“SolarMax”) intends to terminate its merger agreement with the SPAC.  The press release explains that SolarMax reasonably believed that the proposed merger would not be completed by April 26, 2022, the date by which the merger must be completed for the SPAC’s securities to remain listed on Nasdaq.  The press release does not say why meeting Nasdaq’s deadline would be problematic.  It states only “[a]s of April 13, 2022, the registration statement on Form S-4 . . . with a proxy statement containing information about the Merger was not declared effective by the U.S. Securities and Exchange Commission . . . .” (emphasis added).  Therein lies the question that troubles me: Why exactly did the SEC not take the routine step—one typically taken on delegated authority by the staff without input from the Commission—to declare the registration statement effective?

CFFEX Notice On Listing Of New Equity Index Futures And Equity Index Options Contracts

Date 15/04/2022

• The IF2212 CSI 300 equity index futures contract is scheduled to be listed on April 18, 2022 at the base price of 4114.8.
• The IC2212 CSI 500 equity index futures contract is scheduled to be listed on April 18, 2022 at the base price of 5888.6.
• The IH2212 SSE 50 equity index futures contract is scheduled to be listed on April 18, 2022 at the base price of 2903.8.
• The IO2207 series CSI 300 equity index options contracts are scheduled to be listed on April 18, 2022.

Publication Of Japan Exchange Group Green Bond Framework

Date 15/04/2022

On April 15, 2022, Japan Exchange Group, Inc. (JPX) published the Japan Exchange Group Green Bond Framework.

CFFEX: Notice On Delivery Of Equity Index Futures And Options Contracts

Date 15/04/2022

The following equity index futures and options contracts are delivered on April 15, 2022 at their respective final settlement prices:

• IF2204 CSI 300 index futures contracts and the IO2204 series CSI 300 index options contracts are delivered at the final settlement price of 4194.46;
• IC2204 CSI 500 index futures contracts are delivered at the final settlement price of 6087.71;
• IH2204 SSE 50 index futures contracts are delivered at the final settlement price of 2935.36.

Japan Financial Services Agency: Guidebook For Registration Of Investment Management Business And Other Financial Instruments Businesses

Date 15/04/2022

Asset managers, who engage in asset management with professional expertise, play very important roles in revitalizing the Japanese capital market and achieving people’s stable asset building.