News Centre

SEC: UBS To Pay $10 Million For Violating Rules Which Give Priority To Retail Investors In Municipal Offerings

Date 20/07/2020

The Securities and Exchange Commission today announced that UBS Financial Services Inc. has agreed to pay more than $10 million to resolve charges that it circumvented the priority given to retail investors in certain municipal bond offerings. 

CFTC Orders Florida Company To Pay $75,000 For Registration Violations

Date 20/07/2020

The Commodity Futures Trading Commission today issued an order filing and settling an enforcement action against Southwest Group, LLC of Fort Myers, Florida for acting as an unregistered retail foreign exchange dealer. The order requires Southwest Group to cease and desist from further violations of the Commodity Exchange Act and CFTC regulations, as charged, and to pay a civil monetary penalty of $75,000.

SEC Charges Financial Advisor With Fraud For Stealing Millions From Investors

Date 20/07/2020

The Securities and Exchange Commission today charged former registered representative and investment adviser Michael Barry Carter with fraud for stealing from brokerage customers and an elderly advisory client.

Pending Applications By EU Administrators Of Benchmarks – Article 51.1 Of BMR

Date 20/07/2020

The following table includes the information shared by National Competent Authorities with ESMA in relation to the applications for authorisation and registration by EU administrators under Article 51.1 of BMR for which, as of 01.01.2020, the decision by the relevant competent authority is still pending.

Moscow Exchange Changes The Tick Size From The 3rd Of August 2020

Date 20/07/2020

To increase the effectiveness of equity market microstructure, MOEX establishes the new tick size and Decimals parameter for the following stocks starting 3rd August 2020 in the following trading modes:

• Main trading mode Т+ ("Т+2" order book)
• Odd lots trading mode
• Dark pool trading mode
• IIR sector — Main trading mode Т+
• Negotiated trades mode (NTM)
• NTM with CCP trading mode
• IIR sector — NTM trading mode
• IIR sector — NTM with CCP trading mode

EU Citizens As Users Sidelined In Favour Of Financial Industry In European Financial Policymaking And Supervision

Date 20/07/2020

Borsa Istanbul: Removal Of Zero From The Index Go Live Date

Date 20/07/2020

All preparations and the member rehearsals regarding the Removal of Two Zeros from BIST Equity Indexes have been completed. In this context, the BISTECH trading system update, which includes the changes regarding the trading principles of Derivatives Market futures and options contracts, will go-live on July 27, 2020 as planned. Please click for the related Announcement.

Bank Of England: Andy Haldane's CV And Questionnaire For The Treasury Select Committee

Date 20/07/2020

Published for the Treasury Select Committee re-appointment hearing on 20 July 2020.

BIS: Effects Of Credit Restrictions In The Netherlands And Lessons For Macroprudential Policy

Date 20/07/2020

Focus

Macroprudential instruments, which play a key role in the current policy debate, have a long history. Some of the tools in current use originated as monetary policy instruments that were deployed in order to influence the credit supply. For example, the Netherlands used credit restrictions as a monetary policy instrument from the 1960s to the early 1990s. We study the effects of these credit restrictions on the balance sheet structure of banks and other financial institutions.

Proposals To Strengthen Protections Around Promotion Of Financial Products And Cryptoassets Published By UK Treasury

Date 20/07/2020

Consumers of financial products and cryptoassets are set to get better protections against misleading and inadequate promotions in proposals published today by City Minister John Glen.