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ASIC: Macquarie Bank Fined A Record $4.995m For Serious Market Gatekeeper Failure

Date 25/09/2024

Following an ASIC investigation, the Markets Disciplinary Panel (MDP) has fined Macquarie Bank Limited (Macquarie) a record $4.995 million for failing to prevent suspicious orders being placed on the electricity futures market. This is the highest penalty ever imposed by the MDP.  

"How Private Markets Can Underwrite Asia's Growth Story" - Keynote Speech By Mr Gan Kim Yong, Deputy Prime Minister And Minister For Trade And Industry, And Chairman Of The Monetary Authority Of Singapore, At The SuperReturn Asia Conference On 25 September 2024

Date 25/09/2024

I am happy to join all of you here at the SuperReturn Asia conference.

CFTC Orders Canadian Imperial Bank Of Commerce To Pay $1.25 Million For Untimely Swaps Reporting

Date 24/09/2024

The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges with Canadian Imperial Bank of Commerce (CIBC) for repeatedly failing to timely report swap transactions to a registered swap data repository as required by the Commodity Exchange Act (CEA) and CFTC Regulations.

NYSE Group Consolidated Short Interest Report

Date 24/09/2024

NYSE today reported short interest as of the close of business on the settlement date of September 13, 2024.

Nasdaq Announces Mid-Month Open Short Interest Positions In Nasdaq Stocks As Of Settlement Date September 13, 2024

Date 24/09/2024

At the end of the settlement date of September 13, 2024, short interest in 3,057 Nasdaq Global Market^SM securities totaled 12,241,625,467 shares compared with 12,296,040,928 shares in 3,037 Global Market issues reported for the prior settlement date of August 30, 2024. The mid-September short interest represents 3.06 days compared with 3.38 days for the prior reporting period.

SEC Charges Former CEO Of Tech Startup SKAEL With $30 Million Fraud

Date 24/09/2024

The Securities and Exchange Commission today announced fraud charges against Baba Nadimpalli, the co-founder and former CEO of SKAEL Inc., a San Francisco-based private technology company that developed business automation software.

Dissenting Statement Of CFTC Commissioner Caroline D. Pham On The Filing Of Administrative Complaints For Enforcement Actions

Date 24/09/2024

 Commodity Futures Trading Commission (CFTC) Commissioner Caroline D. Pham today released the following statement on the CFTC’s filing of four administrative complaints for enforcement actions before a CFTC temporary hearing officer:

“It is unbelievable that in the wake of the U.S. Supreme Court’s Jarkesy opinion and the heightened scrutiny of agency administrative proceedings, the Commission is doubling down on bringing enforcement actions before a hearing officer—not even an Administrative Law Judge."

SEC Charges Crypto Companies TrustToken And TrueCoin With Defrauding Investors Regarding Stablecoin Investment Program - Companies Also Charged With Unregistered Offer And Sale Of Securities

Date 24/09/2024

The Securities and Exchange Commission today announced settled charges against TrueCoin LLC and TrustToken Inc. for their fraudulent and unregistered sales of investment contracts involving TrueUSD (TUSD), a purported stablecoin.

Dissenting Statement Of CFTC Commissioner Summer K. Mersinger Regarding cryptoiminerstrade.com, Expert Stocks Zone, FalconForexBot, And swiftminingexpert.com

Date 24/09/2024

Each of the four “Unregistered Entity Sweep” matters before the Commodity Futures Trading Commission[1] today seeks a cease-and-desist order and uses the Commission's administrative process to avoid bringing these charges in the federal courts.  I respectfully dissent from the Commission’s use of administrative proceedings to bring an unregistered futures commission merchant (FCM) charge without identifying any relevant facts to support that charge.

CFTC Charges Four Entities For Failing To Register As FCMs

Date 24/09/2024

The Commodity Futures Trading Commission filed charges against four entities for failing to register as futures commission merchants. Each complaint seeks an order directing the entities to cease and desist from committing violations of the Commodity Exchange Act and CFTC regulations as charged.