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FINRA Orders Oppenheimer & Co. Inc. To Pay $3.8 Million In Restitution To Customers For Supervisory Failures Involving Unit Investment Trusts

Date 30/12/2019

FINRA announced today that it has ordered Oppenheimer & Co. Inc. to pay more than $3.8 million in restitution to customers who incurred potentially excessive sales charges caused by early rollovers of Unit Investment Trusts (UITs). FINRA also fined the firm $800,000 for failing to reasonably supervise early UIT rollovers.

Statement On Role Of Audit Committees In Financial Reporting And Key Reminders Regarding Oversight Responsibilities: SEC Chairman Jay Clayton, William Hinman, Director, SEC Division Of Corporation Finance, Sagar Teotia, SEC Chief Accountant, Dec. 30, 2019

Date 30/12/2019

Introduction

The strength of our public company financial reporting system relies on many stakeholders playing different but interconnected roles in a process designed to provide investors and our markets with high-quality, reliable financial information. Audit committees play a vital role in the financial reporting system through their oversight of financial reporting, including the internal control over financial reporting (ICFR) and the external, independent audit process.

ETFGI Reports Assets Invested In Smart Beta Equity ETFs And ETPs Reached A Record $835 Billion At The End Of November 2019

Date 30/12/2019

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that equity-based Smart Beta ETFs and ETPs listed globally gathered net inflows of US$9.72 billion during November. Year-to-date through to the end of November 2019, Smart Beta Equity ETF/ETP assets have increased by 35.1% from US$618 billion to US$835 billion, with a 5-year CAGR of 19.9%, according to ETFGI’s November 2019 ETFs and ETPs Smart Beta industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.) 

SEC Proposes To Codify Certain Consultations And Modernize Auditor Independence Rules

Date 30/12/2019

The Securities and Exchange Commission today announced that it is proposing amendments to codify certain staff consultations and modernize certain aspects of its auditor independence framework.  The proposed amendments would update select aspects of the nearly two-decade-old auditor independence rule set to more effectively structure the independence rules and analysis so that relationships and services that would not pose threats to an auditor’s objectivity and impartiality do not trigger non-substantive rule breaches or potentially time consuming audit committee review of non-substantive matters.  

ETFGI Reports Today That Leveraged And Inverse ETFs And ETPs Listed Globally Suffered Net Outflows Of US$138 Million During November 2019

Date 30/12/2019

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that Leveraged and Inverse ETFs and ETPs suffered net outflows of US$138 million during November. Total assets invested in leveraged and inverse ETFs and ETPs decreased from US$77.5 billion at the end of October to $77.2 billion, according to ETFGI’s November 2019 Leveraged and Inverse ETFs and ETPs industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.) 

EGX Holiday On Wednesday 1st Of January 2020

Date 30/12/2019

EGX will be on official holiday on Wednesday 1st of January 2020 due to the banks' holiday. Trading will be resumed on Thursday 2nd of January 2020.

ETFGI Reports That Assets Invested In Actively Managed ETFs/ETPs Reached A New Record High Of US$151.24 Billion At The End Of November 2019

Date 30/12/2019

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that actively managed ETFs and ETPs gathered net inflows of 
US$3.39 billion in November, bringing year-to-date net inflows to US$37.29 billion. Assets invested in actively managed ETFs/ETPs finished the month up 2.7%, from US$147.30 billion at the end of October to US$151.24 billion, according to ETFGI's November 2019 Active ETFs and ETPs industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

Chicago Business Barometer™ – Rose To 48.9 In December

Date 30/12/2019

Key Points – December Report

The Chicago Business Barometer^TM, produced with MNI, rose 2.6 points in December, hitting a four-month high of 48.9.

ETFGI Reports Assets Invested In Environmental, Social, And Governance (ESG) ETFs And ETPs Listed Globally Reaches A New Record Of US$52.35 Billion At The End Of November 2019

Date 30/12/2019

ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that Environmental, Social, and Governance (ESG) ETFs and ETPs listed globally gathered net inflows of US$2.66 billion during November. Total assets invested ESG ETFs and ETPs increased by 7.40% from US$48.75 billion at the end of October to a record US$52.35 billion, according to ETFGI’s November 2019 ETFs and ETPs ESG industry landscape insights report, an annual paid-for research subscription service.  (All dollar values in USD unless otherwise noted.) 

Tradegate And Börse Berlin Achieve Record Turnover Of 165.6 Billion Euros In 2019

Date 30/12/2019

• The united Tradegate and Berlin stock exchanges jointly achieve a record result
• 10 years of Tradegate, 10 years of record turnovers
• Outlook for the new decade is optimistic