News Centre

SEC Charges Cassava Sciences, Two Former Executives For Misleading Claims About Alzheimer’s Clinical Trial - Cassava-Affiliated University Scientist Also Charged For Manipulating Clinical Trial Results

Date 26/09/2024

The Securities and Exchange Commission today announced Cassava Sciences, Inc., its founder and former CEO, Remi Barbier, and its former Senior Vice President of Neuroscience, Dr. Lindsay Burns, will pay more than $40 million to settle charges related to misleading statements made in September 2020 about the results of a Phase 2 clinical trial for the company’s purported therapeutic for the treatment of Alzheimer’s disease.

SEC Charges Advisory Firm GQG Partners With Violating Whistleblower Protection Rule - Firm’s Agreements With Potential Hires And A Former Employee Raised Barriers To Reporting Information To The SEC

Date 26/09/2024

The Securities and Exchange Commission today announced settled charges against Florida-based GQG Partners LLC, a registered investment adviser, for entering into agreements with candidates for employment and a former employee that made it more difficult for them to report potential securities law violations to the SEC.  

SEC Charges DraftKings With Selectively Disclosing Nonpublic Information Via CEO’s Social Media Accounts

Date 26/09/2024

The Securities and Exchange Commission today charged DraftKings Inc. with selectively disclosing material, nonpublic information to investors who followed or otherwise viewed the company CEO’s social media accounts without disclosing that same information to all investors, in violation of Regulation Fair Disclosure (FD). DraftKings agreed to pay a $200,000 civil penalty to settle the SEC’s charges.

CFTC Orders CHS Hedging, LLC, To Pay $650,000 For Recordkeeping And Unauthorized Trading Violations

Date 26/09/2024

The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against CHS Hedging, LLC, a Minnesota based futures commission merchant, for recordkeeping deficiencies and failure to obtain customer authorizations before entering trades for customers.

MIAX Options - Updated SPIKES Options Market Maker Incentive Program

Date 26/09/2024

MIAX Options will adjust the monthly Market Maker Incentive Program (the “Incentive Program”) for SPIKES Options with new terms beginning October 1, 2024, and ending January 31, 2025. Please refer to MIAX Options Regulatory Circular 2024-54 for details regarding the Incentive Program.

CFTC Requests Public Comment On A Rule Certification Filing By KalshiEX LLC

Date 26/09/2024

The Commodity Futures Trading Commission is requesting public comment on a rule certification filing by KalshiEX LLC, which would amend its rulebook to include rules for a request for quote functionality and amendments to its prohibited transactions rule. Comments must be submitted on or before Oct. 28, 2024.

Federal Reserve: Senior Credit Officer Opinion Survey On Dealer Financing Terms

Date 26/09/2024

The Senior Credit Officer Opinion Survey on Dealer Financing Terms (SCOOS) is a quarterly survey providing information about the availability and terms of credit in securities financing and over-the counter (OTC) derivatives markets. The SCOOS is modeled after the long-established Senior Loan Officer Opinion Survey on Bank Lending Practices, which provides qualitative information about changes in supply and demand for loans to households and businesses at commercial banks. The SCOOS collects qualitative information on credit terms and conditions in securities financing and OTC derivatives markets, which are important conduits for leverage in the financial system. The survey panel for the SCOOS began by including 20 dealers and over time has been expanded. These firms account for almost all of the dealer activity in dollar-denominated securities financing and OTC derivatives markets. The survey is directed to senior credit officers responsible for maintaining a consolidated perspective on the management of credit risks. The HTML links below include the full report; the PDF links include the summary only.

Canadian Securities Administrators Provides Update To Crypto Asset Trading Platforms About Value-Referenced Crypto Assets

Date 26/09/2024

The Canadian Securities Administrators (CSA) is providing a further update for crypto asset trading platforms (CTPs) that are registered, or that provided a pre-registration undertaking (PRU), about the application of terms and conditions in the CTPs’ registration and exemptive relief decisions or PRUs related to value-referenced crypto assets (VRCAs).

“From Hamilton To Yellen”: Remarks Before The 10th Annual U.S. Treasury Market Conference, SEC Chair Gary Gensler, Washington D.C., Sept. 26, 2024

Date 26/09/2024

Thank you for the kind introduction. As is customary, I’d like to note that I’m not speaking on behalf of my fellow Commissioners or the SEC staff.

CFTC Commissioner Pham To Speak At American University Washington College Of Law

Date 26/09/2024