News Centre

SEC Charges Robo-Adviser With Misleading Clients

Date 10/02/2022

The Securities and Exchange Commission today charged New York-based robo-adviser Wahed Invest, LLC with making misleading statements and breaching its fiduciary duty, and for compliance failures related to its Shari’ah advisory business.

Cboe Global Markets Declares First-Quarter 2022 Dividend

Date 10/02/2022

Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today announced its Board of Directors has declared a quarterly cash dividend of $0.48 per share of common stock for the first quarter of 2022. The first-quarter 2022 dividend is payable on March 15, 2022, to stockholders of record as of February 28, 2022.

Australian Competition & Consumer Commission: Commonwealth Director Of Public Prosecutions Withdraws Charges In Bank Criminal Cartel Case

Date 10/02/2022

The Commonwealth Director of Public Prosecutions (CDPP) has today withdrawn charges against Citigroup Global Markets Australia Pty Limited (Citigroup), Deutsche Bank AG and four senior banking executives in relation to criminal cartel allegations arising from an ANZ institutional share placement in August 2015. This decision was made in accordance with the Prosecution Policy of the Commonwealth.

AstraZeneca PLC – ADR To Join The NASDAQ-100 Index Beginning February 22, 2022

Date 10/02/2022

Nasdaq (Nasdaq: NDAQ) today announced that AstraZeneca PLC – ADR (Nasdaq: AZN), will become a component of the NASDAQ-100 Index® (Nasdaq: NDX) and the NASDAQ-100 Equal Weighted Index (Nasdaq: NDXE) prior to market open on Tuesday, February 22, 2022. AstraZeneca PLC – ADR will replace Xilinx, Inc. (Nasdaq: XLNX) in the NASDAQ-100 Index® and the NASDAQ-100 Equal Weighted Index.

Dissenting Statement On Proposed Modernization Of Beneficial Ownership Reporting, SEC Commissioner Hester M. Peirce, Feb. 10, 2022

Date 10/02/2022

This proposal is characterized as modernization, but it fails to contend fully with the realities of today’s markets or the balance embodied in Section 13(d) of the Exchange Act.  The proposed amendments acknowledge some of the challenges, but do not fully grapple with or resolve them in a consistent manner.  Accordingly, I do not believe the proposed amendments are prudent and respectfully dissent. 

NZX Completes Superannuation Acquisition From ASB

Date 10/02/2022

NZX has today completed the acquisition of the management rights of the ASB Superannuation Master Trust, confirming settlement of the transaction within the timeframe announced on 11 November 2021.

SEC Charges Shari’ah-Focused Online Investment Service With Misleading Clients

Date 10/02/2022

The Securities and Exchange Commission today charged New York-based robo-adviser Wahed Invest, LLC with making misleading statements and breaching its fiduciary duty, and for compliance failures related to its Shari’ah advisory business.

Federal Reserve Board Releases Hypothetical Scenarios For Its 2022 Bank Stress Tests

Date 10/02/2022

The Federal Reserve Board on Thursday released the hypothetical scenarios for its annual bank stress tests, which help ensure that large banks are able to lend to households and businesses even in a severe recession. This year, 34 large banks will be tested against a severe global recession with heightened stress in commercial real estate and corporate debt markets.

Sir Adrian Montague's Speech To TheCityUK Annual Dinner 2022

Date 10/02/2022

Sir Adrian Montague, Chairman of TheCityUK Leadership Council, delivered this speech to TheCityUK Annual Dinner at The Londoner hotel, on 10 February 2022.

Statement On Proposal To Revisit Recently Adopted Whistleblower Rule Amendments, SEC Commissioner Hester M. Peirce, Feb. 10, 2022

Date 10/02/2022

In September 2020, after a lengthy notice-and-comment period and two years of careful consideration, the Commission amended its whistleblower rules for the first time since they were adopted in 2011. I supported the amendments because they drew from a decade of experience with the whistleblower program and were calibrated to balance efficient administration of our effective whistleblower program with the program’s overarching goal of providing incentives for individuals to report, sometimes at great risk to their careers, violations of the federal securities. Yet in June 2021, a spare seven months after the 2020 Amendments became effective, the whistleblower rules returned to the Chair’s regulatory agenda, notwithstanding the fact that there appeared to be no new information that merited revisiting the recently amended rules. Two months later, over my objection, the Commission published a “policy statement” that, in response to a legal challenge to certain of the 2020 rule amendments, effectively nullified the challenged provisions.