News Centre

US Department Of Justice: Four Individuals Plead Guilty To RICO Conspiracy Involving “Bulletproof Hosting” For Cybercriminals

Date 07/05/2021

Four Eastern European nationals have pleaded guilty to conspiring to engage in a Racketeer Influenced Corrupt Organization (RICO) arising from their providing “bulletproof hosting” services between 2008 and 2015, which were used by cybercriminals to distribute malware and attack financial institutions and victims throughout the United States.

New York Attorney General James Seeks Court Order Immediately Halting Continued Fraud By Illegal Virtual Currency Trading Platform Coinseed Has Continued To Put Thousands Of Investors’ Money At Risk Despite Ongoing Lawsuit

Date 07/05/2021

New York Attorney General Letitia James has taken legal action to immediately halt the continued illegal and fraudulent operations of the cryptocurrency trading platform Coinseed, Inc. In February, Attorney General James filed a lawsuit against Coinseed and its two top executives — including founder and Chief Executive Officer Delgerdalai Davaasambuu — but, since that time, Coinseed and its CEO have continued their fraud and the Office of the Attorney General (OAG) has learned of new fraudulent conduct. Late yesterday, Attorney General James filed a motion asking the court for a temporary restraining order, a preliminary injunction, and the appointment of a receiver to immediately block Coinseed and its CEO from making any further unauthorized trades and safeguarding investors’ monies.

SEC Approves Registration Of First Security-Based Swap Data Repository; Sets The First Compliance Date For Regulation SBSR

Date 07/05/2021

The Securities and Exchange Commission today announced that it has approved the registration of its first security-based swap data repository (SDR). With today’s registration of DTCC Data Repository (U.S.), LLC (DDR), the security-based swap market now has the first SDR that can accept transaction reports. DDR intends to operate as a registered SDR for security-based swap transactions in the equity, credit, and interest rate derivatives asset classes.

CFTC Financial Data For Futures Commission Merchants Update

Date 07/05/2021

Futures commission merchants (FCMs) and retail foreign exchange dealers (RFEDs) must file monthly financial reports with the CFTC's Division of Swap Dealer and Intermediary Oversight (DSIO) within 17 business days after the end of the month. Selected financial information from these reports is published below. The most recent month-end information generally is added within 12 business days after FCMs and RFEDs file their reports, but occasionally may be added later. For example:  The 17th business day filing “due date" for February 28, 2015 financial reports was March 25, 2015.  The 12 business day target for posting these data was April 10, 2015.

Nadex Temporarily Amends Binary Contracts Strike Width

Date 07/05/2021

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(d) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) hereby provides notice that due to increased volatility in the underlying markets upon which the Nadex contracts are based, Nadex made changes to the strike widths of various contracts during the week of May 3, 2021 as indicated in the Weekly Notice. 

Ontario Securities Commission To Implement Ban On Deferred Sales Charge Option, Harmonizing Rule Across Canada

Date 07/05/2021

The Ontario Securities Commission (OSC) is moving to ban deferred sales charges (DSC) on mutual funds in Ontario. Under the rule, the payment of upfront sales commissions by fund organizations to dealers will be prohibited, harmonizing the DSC ban across Canada.

Nadex Refrains From Listing Certain Contracts

Date 07/05/2021

Due to activity in the underlying markets upon which the Nadex contracts are based and pursuant to the authority granted in Nadex Rule 12.1(i), Nadex took the following actions: 

• No EUR/JPY, USD/CAD, or GBP/USD 5-Minute contracts were listed on trade date May 3, 2021 for the 6:05pm ET expiration time; Additionally, no GBP/JPY 5-Minute contracts were listed on trade date May 3, 2021 for the 6:05pm and 6:10pm ET expiration times;

Nigerian Exchange Group Weekly Market Report For May 7th 2021

Date 07/05/2021

The market opened for four trading days this week as the Federal Government of Nigeria declared Monday 3rd May 2020 a Public Holiday to mark the Workers Day Anniversary.

Federal Reserve Board Invites Public Comment On Proposed Changes To Regulation II Regarding Network Availability For Card-Not-Present Debit Card Transactions And Publishes A Biennial Report Containing Summary Information On Debit Card Transactions In 2019

Date 07/05/2021

The Federal Reserve Board on Friday invited public comment on proposed changes to Regulation II (Debit Card Interchange Fees and Routing) to clarify that debit card issuers should enable, and allow merchants to choose from, at least two unaffiliated networks for card-not-present debit card transactions, such as online purchases. The Board views these clarifications of Regulation II's existing requirements as necessary in light of information indicating that often only one network is enabled for such transactions.

ESMA Issues Latest Double Volume Cap Data

Date 07/05/2021

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has updated today its public register with the latest set of double volume cap (DVC) data under MiFID II.