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Solidus Labs Appoints Former CFPB Director Kathy Kraninger To Lead Regulatory Affairs
Date 22/07/2021
Today, Solidus Labs is delighted to welcome Kathy Kraninger, former Director of the Consumer Financial Protection Bureau (CFPB) as Solidus Labs' new Vice President of Regulatory Affairs. Kathy, who served as CFPB Director from 2018 to 2021, will lead Solidus' regulatory strategy, as it continue to pursue its vision: Enabling safe crypto markets and transforming financial risk monitoring.
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YJ Fischer To Join SEC As Director Of The Office Of International Affairs
Date 22/07/2021
The Securities and Exchange Commission today announced the appointment of YJ Fischer as Director of the Office of International Affairs (OIA), effective Aug. 2. Ms. Fischer previously served in various roles at the U.S. State Department during the Obama Administration, including as assistant coordinator for implementation of the Iran nuclear agreement.
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Readout: US Secretary Of The Treasury Janet L. Yellen’s Meeting With The Heads And Private-Sector Leads Of The Multilateral Development Banks To Discuss Climate Finance
Date 22/07/2021
Today, Secretary of the Treasury Janet L. Yellen convened the heads and private-sector leads of several of the multilateral development banks (MDBs) to discuss ways that the MDBs can rapidly align their portfolios with the goals of the Paris Agreement and redouble their efforts to mobilize significantly more private capital for climate. Participants included U.S. Special Presidential Envoy for Climate John Kerry and representatives from the African Development Bank, the Asian Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank Group, and the World Bank Group.
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SEC Halts Alleged Ongoing Offering Fraud Involving Cycling Companies
Date 22/07/2021
The Securities and Exchange Commission today announced an emergency action including a temporary restraining order and asset freeze to stop an alleged fraudulent offering of securities and misappropriation of investor assets by Outdoor Capital Partners LLC and its director Samuel J. Mancini of Denver, Colorado. The SEC alleges that the defendants made false statements in raising millions of dollars for an investment fund ostensibly to purchase controlling interests in three Italian cycling companies, but never made the acquisitions and instead fraudulently diverted money raised.
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U.S. Court Of Appeals Rules In Favor Of CFTC In Fraud Case Against Monex Deposit Company And Its Principals - Ruling Marks CFTC’s Second Win In The Ninth Circuit
Date 22/07/2021
The Commodity Futures Trading Commission today announced that the U.S. Court of Appeals for the Ninth Circuit affirmed a preliminary injunction in the CFTC’s anti-fraud enforcement action against Monex Deposit Company (Monex) and its affiliated companies and principals on July 20. The court’s ruling marks the second time the CFTC has prevailed in the Ninth Circuit in the Monex case.
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SIFMA Statement On The PRO Act
Date 22/07/2021
SIFMA submitted written testimony to the Senate Committee on Health, Education, Labor and Pensions regarding “The Protecting the Right to Organize Act” (H.R. 842, S. 420) in conjunction with a hearing held today. The legislation, known as the PRO Act, would change how independent contractor status is determined which could adversely impact hundreds of thousands of independent financial advisors (FAs).
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Moscow Exchange: Risk Parameters On Securities Market
Date 22/07/2021
CCP NCC sets the following risk parameters on Securities market starting from 23.07.2021:
№ Ticker Minimum Initial Margin for the Market Risk, % Concentration Limit, # of securities Ban on short selling Eligible collateral Level 1, S_1_min Level 2, S_2_min Level 3, S_3_min Level 1 Level 2 1 RU000A103EZ7 17% 20% 23% 300 000 1 500 000 No No 2 RU000A103FC3 6% 9% 12% 50 000 250 000 No Yes -
SEC Charges California Resident In Microcap Fraud Scheme Targeting Retail Investors
Date 22/07/2021
The Securities and Exchange Commission today announced that it has filed an emergency action charging California resident Charlie Abujudeh with running microcap fraud schemes targeting retail investors.
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Texas Public Employee Pension Funds Outwit Pandemic Scare Of 2020
Date 22/07/2021
The pension systems for Texas cities’ firefighters, police and municipal employees scored gains in 2020 despite the peak-to-trough stock market decline of more than 35% during March and April 2020 in response to the Covid-19 pandemic.
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SmartFi To Produce First Minable Stablecoin And Payment System Without Transaction Fees - SmartFi USD (SFUSD) Native Protocol Coin And Speculative SmartFi Token (SMTF) Will Provide Payments And Loans Systems And Together Balance The SmartFi Economy
Date 22/07/2021
SmartFi, the compliant, open cryptocurrency platform announces its project to develop the world’s first minable stablecoin. The SFUSD stablecoin will not require a burn-mint protocol or USD-fiat-peg in order to maintain an exact correlation to the US Dollar, using the proprietary SmartFi Commodity Layer Protocol.
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