News Centre

WOOTRADE Announces Strategic Partnership With Injective Protocol - DeFi Futures Exchange Injective Protocol Works Together With WOOTRADE To Increase DeFi Adoption

Date 12/06/2020

Injective Protocol officially announces a strategic partnership with WOOTRADE, a leading digital asset dark pool, to combine resources to focus on increasing user adoption in the Decentralized Exchanges (DEX) space. The collaboration will bring together a series of initiatives such as implementing liquidity management, designing crypto asset derivative products and markets, and establishing an international corporate brand.

Bermuda Stock Exchange Will Be Closed For Bermuda National Heroes Day Holiday

Date 11/06/2020

The Bermuda Stock Exchange (“BSX”) advises that although the Exchange iscontinuing to work remotely, we will observe the Bermuda National Heroes Day Holiday on Monday 15 June 2020, with operations resuming on Tuesday 16 June 2020.

SEC Charges Microcap Fraud Scheme Participants Attempting To Capitalize On The COVID-19 Pandemic

Date 11/06/2020

The Securities and Exchange Commission has filed an emergency action and obtained an asset freeze against five individuals and six offshore entities for an alleged fraudulent scheme that generated more than $25 million from illegal sales of multiple microcap companies’ stock, including four that were the subject of recent SEC trading suspension orders: Sandy Steele Unlimited Inc., WOD Retail Solutions Inc., Bioscience Neutraceuticals, Inc., and Rivex Technology Corp.

CFTC: Federal Court Orders Trading Advisor To Pay $890,000 For Defrauding Church And Community Members In Forex Scheme

Date 11/06/2020

The Commodity Futures Trading Commission today announced that the U.S. District Court for the Southern District of New York entered a consent order for permanent injunction and other equitable relief against defendant Brett G. Hartshorn of Sarasota, Florida, finding, among other things, that he fraudulently solicited at least 13 individuals to trade off-exchange foreign currency derivatives (“forex”) and misappropriated funds of at least two of those clients. 

IMF Executive Board Approves An Additional US$111.06 Million Disbursement To Rwanda To Address The COVID-19 Pandemic

Date 11/06/2020

• The IMF approved US$111.06 million (SDR80.1 million), a second disbursement under the Rapid Credit Facility (RCF) bringing the total IMF COVID-19 emergency support to Rwanda to US$ 220.46 million to help urgent balance of payment needs stemming from the pandemic.
• Rwanda’s economy has been severely impacted by the COVID-19 pandemic with weaker domestic demand losses of revenue, and a sharp decline in exports and remittances.
• The additional resources under the RCF will help alleviate pressing financing needs, including for health, social protection, and supporting the most impacted sectors and vulnerable groups.

Peter Ryan Joins SIFMA As Head Of International Capital Markets And Prudential Policy

Date 11/06/2020

SIFMA today announced Peter J. Ryan has been appointed managing director and head of international capital markets and prudential policy.

In this newly created role, he will be responsible for coordinating SIFMA actions on international capital markets and prudential issues, including engagement with global standard setters and domestic implementation of those standards.  Dr. Ryan will also be responsible for supporting advocacy activities related to global institutions operating in the U.S.

Statement Of CFTC Chairman Heath P. Tarbert On The European Commission’s Draft Delegated Acts

Date 11/06/2020

Commodity Futures Trading Commission Chairman Heath P. Tarbert issued the following statement in response to the three draft Delegated Acts published by the European Commission (EC) addressing the supervisory oversight of third-country central counterparties (TC-CCPs) by the European Securities and Markets Authority (ESMA), including by specifying the criteria to be applied by ESMA when determining a TC-CCP’s systemic importance to the financial stability of the European Union or one or more Member States:

“The CFTC welcomes the EC’s proposals published today, which are a positive step in the EU’s implementation of its amended regime for CCP regulation. Mindful of the objectives and responsibilities of the EU authorities tasked with monitoring risks to EU financial stability, today’s proposals balance the fulfillment of those objectives and responsibilities with deference and international comity as to home country supervision of U.S.-based derivatives clearing organizations operating in Europe. "

Ontario Securities Commission Publishes Investigative Report Of QuadrigaCX - Report Outlines What Happened To Client Assets And Provides Regulatory Considerations For Investors And Crypto Asset Platform Operators

Date 11/06/2020

A Panel of the Ontario Securities Commission (OSC) has authorized the publication of an investigative report, in the form of a review by OSC Staff, of the crypto asset trading platform QuadrigaCX (Quadriga).

Canadian Securities Regulators Sign Fintech Co-Operation Agreement With The Financial Supervisory Commission Of Taiwan

Date 11/06/2020

Members of the Canadian Securities Administrators (CSA) have signed a fintech co-operation agreement with the Financial Supervisory Commission of Taiwan (FSC). The members are the securities regulatory authorities in Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Québec and Saskatchewan.

CFTC Charges Unregistered Commodity Pool Operator And Its Chief Executive Officer With Solicitation Fraud And Misappropriation

Date 11/06/2020

The Commodity Futures Trading Commission today filed a civil enforcement action in the U.S. District Court for the Eastern District of New York against defendants Craig L. Clavin and his company Lighthouse Futures, Ltd., both of New York. The complaint charges the defendants with fraudulent solicitation of commodity pool participants, misappropriation of pool funds, commingling pool funds with other funds, and failing to register with the CFTC as a commodity pool operator, as required.