News Centre

CFTC Charges Former Energy Broker With Paying Brokerage Kickbacks And Misappropriating Nonpublic Information

Date 16/11/2022

The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against Lee Tippett, a former energy broker with Classic Energy, LLC, for participating in a scheme to pay kickbacks to Matthew Clark, a trader employed by one of Classic’s brokerage customers. The order finds Tippett made these kickback payments to Clark in exchange for Clark sending more brokerage business from his employer to Classic. According to the order, Tippett also participated in a scheme to misappropriate confidential block trade order information from the same Classic customer, facilitated fictitious trades, and made false statements to ICE Futures US. 

Rolling Regulation Forwards - Speech By Nikhil Rathi, UK Financial Conduct Authority Chief Executive Delivered At The UK Finance Annual Dinner.

Date 16/11/2022

Highlights

• The Consumer Duty will help us manage the entry of Big Tech firms into the UK retail financial service, ensuring a level playing field.
• Firms should take advantage of digitalisation but market developments must not leave groups of consumers behind, particularly those most vulnerable or the least digitally enabled.
• We want to work with industry to ensure that the UK remains the largest destination for fintech investment in Europe.

Robinhood Markets, Inc. Reports October 2022 Operating Data

Date 16/11/2022

Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported selected monthly operating data for October 2022:

Treasury International Capital Data For September

Date 16/11/2022

The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for September 2022.  The next release, which will report on data for October, is scheduled for December 15, 2022.

MIAX: FINRA Proposal To Amend The Codes Of Arbitration Procedure To Modify The Current Process Relating To The Expungement Of Customer Dispute Information

Date 16/11/2022

FINRA filed a proposed rule change with the Securities and Exchange Commission to modify the current process relating to the expungement of customer dispute information.

US Acting Comptroller Of The Currency Discusses Regulatory Priorities

Date 16/11/2022

Acting Comptroller of the Currency Michael J. Hsu today testified before the U.S. House Financial Services Committee on the agency’s efforts to ensure that national banks and federal savings associations operate in a safe, sound, and fair manner.

B.C. Securities Commission Alleges Crypto Trading Platform Is Violating Securities Act

Date 16/11/2022

The B.C. Securities Commission (BCSC) alleges that the operator of a crypto asset trading platform is facilitating derivatives transactions without being registered and is operating as an exchange in B.C. without being recognized by the Commission.

“The Beatles And The Treasury Market:” Remarks Before The U.S. Treasury Market Conference, SEC Chair Gary Gensler, Washington D.C., Nov. 16, 2022

Date 16/11/2022

Thank you. It’s good to be here for the eighth annual U.S. Treasury Market Conference. Thank you to the conference organizers and my colleagues across the Inter-Agency Working Group on Treasury Market Surveillance (IAWG) for putting it together and issuing the latest IAWG report.

The Economic Outlook And A Word Of Caution On Inflation, Federal Reserve Governor Christopher J. Waller At The 59th Annual Economic Forecast Luncheon, Phoenix, Arizona

Date 16/11/2022

Thank you, Dean Kadan, and thank you for the opportunity to speak today about the outlook for the U.S. economy and the implications for the Federal Reserve's ongoing fight to reduce inflation.

Statement By US Secretary Of The Treasury Janet L. Yellen On Recent Crypto Market Developments

Date 16/11/2022

Secretary of the Treasury Janet L. Yellen released the following statement on the recent crypto market developments:

"The recent failure of a major cryptocurrency exchange and the unfortunate impact that has resulted for holders and investors of crypto assets demonstrate the need for more effective oversight of cryptocurrency markets."