News Centre

Joint Statement On PCAOB Appointments: SEC Commissioner Allison Herren Lee, SEC Commissioner Caroline A. Crenshaw, Nov. 8, 2021

Date 08/11/2021

We are pleased with the appointment of this impressive new Board under the dynamic leadership of Erica Williams. Having worked with Erica, we know that she is a dedicated and tenacious public servant and have every confidence that she will ably and effectively lead the PCAOB. We are also excited that the deeply talented investor advocate and public servant Kara Stein will be joining the Board. We look forward to this new chapter for the PCAOB including working to modernize audit standards, increase transparency, and enhance stakeholder engagement.

TMX Group Limited Reports Results For Third Quarter Of 2021

Date 08/11/2021

TMX Group Limited [TSX:X] ("TMX Group") today announced results for the third quarter ended September 30, 2021.

ASIC: Former Quantum Resources Director Convicted Of Insider Trading And Market Manipulation Offences

Date 08/11/2021

Avrohom Mordechai Kimelman, of St Kilda East, Victoria, has been sentenced to 18-months imprisonment, to be released immediately upon entering into a $5000 recognizance and an undertaking to be of good behaviour for two years, after being convicted of insider trading and market manipulation offences in the County Court of Victoria.

SEC Charges Exchange-Traded Product And Its General Partner With Disclosure Failures

Date 08/11/2021

The Securities and Exchange Commission today charged United States Oil Fund LP, an exchange-traded product (ETP), and its general partner United States Commodity Funds LLC for misleading statements about limitations imposed by its sole futures commission merchant and broker. USO and USCF have agreed to pay $2.5 million in penalties to settle parallel cases by the SEC and Commodity Futures Trading Commission

CFTC Orders United States Commodity Funds LLC To Pay $2.5 Million For Failure To Fully Disclose Information Relating To Trading Limitations To Commodity Pool Participants

Date 08/11/2021

The Commodity Futures Trading Commission today simultaneously filed and settled charges against United States Commodity Funds LLC (U.S. Commodity Funds), a registered commodity pool operator (CPO), for failing to fully disclose certain position limits that its futures commission merchant imposed on one of the commodity pools it managed, United States Oil Fund, LP (USO).

Statement On Appointments To The PCAOB: SEC Commissioner Hester M. Peirce, SEC Commissioner Elad L. Roisman, Nov. 8, 2021

Date 08/11/2021

Today the Securities and Exchange Commission approved a new board of the Public Company Accounting Oversight Board.  We remain concerned about the Commission’s actions in June,[1] but nevertheless support this new board.  The five members are, as the statute requires, “prominent individuals of integrity and reputation who have a demonstrated commitment to the interests of investors and the public, and an understanding of the responsibilities for and nature of the financial disclosures required of issuers, brokers, and dealers under the securities laws and the obligations of accountants with respect to the preparation and issuance of audit reports with respect to such disclosures.”[2]  We look forward to working with the new board as they fulfill their mission to improve audit quality, which is crucial to the SEC’s own mission to protect investors and markets. 

Federal Reserve Board Financial Stability Report

Date 08/11/2021

Current Report: November 8, 2021

Report (PDF)

This report summarizes the Federal Reserve Board’s framework for assessing the resilience of the U.S. financial system and presents the Board’s current assessment. By publishing this report, the Board intends to promote public understanding and increase transparency and accountability for the Federal Reserve’s views on this topic.

SEC Appoints New Chairperson And Board Members To The Public Company Accounting Oversight Board

Date 08/11/2021

The Securities and Exchange Commission today announced the appointments of Erica Y. Williams as Chairperson and Christina Ho, Kara M. Stein, and Anthony (Tony) C. Thompson as Board members of the Public Company Accounting Oversight Board (PCAOB). Duane DesParte will continue his service as a Board member and will remain Acting Chairperson until Ms. Williams is sworn in.

Coinbase To Participate In The 2021 Citi FinTech Conference

Date 08/11/2021

Coinbase Global, Inc. announced today that Alesia Haas, Chief Financial Officer, will participate in a fireside chat at the 2021 Citi FinTech Conference on Monday, November 15, 2021 at 9:45 a.m. PT / 12:45 p.m. ET.

US Acting Comptroller Of The Currency Discusses Climate Change Risk

Date 08/11/2021

Acting Comptroller of the Currency Michael J. Hsu today discussed climate change risk at OCC Headquarters. His remarks highlighted five questions that large bank boards of directors should ask to promote and accelerate improvements in climate risk management practices at their banks.