News Centre

Cboe To Launch Order Book Priority For Retail Investors On EDGX Exchange

Date 02/10/2019

• Retail Priority seeks to enhance execution quality for individual investors by introducing order book priority for their orders, enabling them to secure timely executions and better trading outcomes
• Latest innovation from Cboe to continue promoting fair, efficient and transparent markets for diverse market participants
• Retail Priority planned for launch in November 2019

NZX Shareholder Metrics September 2019

Date 02/10/2019

Please see attached NZX shareholder metrics for September 2019.

Alberta Securities Commission Releases 2019 Update Of Women On Boards Data

Date 02/10/2019

The Alberta Securities Commission (ASC) today participated in the publication of CSA Multilateral Staff Notice 58-311 Report on Fifth Staff Review of Disclosure regarding Women on Boards and in Executive Officer Positions.

FINRA Publishes 2019 Industry Snapshot - Statistical Overview Of Brokerage Firms, Registered Representatives And Trading Activity

Date 02/10/2019

FINRA today published the 2019 FINRA Industry Snapshot, its second annual statistical report on the brokerage firms, registered representatives and market activity that FINRA regulates.

Alberta Securities Commission Adopts Start-Up Crowdfunding Blanket Order

Date 02/10/2019

To eliminate unnecessary barriers to financing, and better facilitate access to capital for start-ups and other small businesses, the Alberta Securities Commission (ASC) has adopted Blanket Order 45-521 Start-up Crowdfunding Registration and Prospectus Exemptions (the Blanket Order). This Blanket Order provides an exemption from prospectus and registration requirements to facilitate start-up crowdfunding. Both issuers and registered funding portals can use the Blanket Order. It is also available to unregistered funding portals as soon as they comply with the terms of the registration exemption, which includes receiving confirmation that ASC staff have received all required documents.

FINRA Fines UBS Financial Services Inc. $2 Million For Continued Failures Relating To Short Positions In Municipal Securities - Firm Inaccurately Represented The Tax Status Of Thousands Of Interest Payments To Customers; Restitution Ordered

Date 02/10/2019

FINRA today announced it has censured and fined UBS Financial Services Inc. (UBS) $2 million for the firm’s repeated failures in timely addressing municipal short positions and in inaccurately representing the tax status of thousands of interest payments to customers. FINRA also required UBS to pay restitution to customers who may have incurred any increased state tax liabilities, to pay the IRS to relieve customers of any additional federal income tax owed, and to certify within 90 days that the firm has taken appropriate corrective measures. FINRA previously sanctioned UBS for its failures in this area in 2015 (AWC No. 2014041645601, August 12, 2015).

New York Attorney General Letitia James Imposes $12.5 Million Penalty On Brokerage Firms For Martin Act Violation

Date 02/10/2019

Attorney General Letitia James announced today that brokerage firms BGC FINANCIAL LP (“BGC”) and GFI SECURITIES LLC (“GFI”) have agreed to pay penalties totaling $12.5 million dollars to the Attorney General’s Office for their violations of the Martin Act. Both brokerage firms admitted that between January 1, 2014 and December 31, 2015, brokers of foreign exchange currency options (FX options) for emerging market currencies employed fraudulent practices to solicit and accept orders from New York traders to buy and sell FX options. Pursuant to their agreements, both firms must immediately implement remedial procedures, verified by an independent monitor who will report to the Attorney General’s Office.

CFTC’s Technology Advisory Committee Releases Agenda For Upcoming Public Meeting

Date 02/10/2019

The U.S. Commodity Futures Trading Commission today released the agenda for the upcoming Technology Advisory Committee (TAC) public meeting to be held October 3 at the CFTC’s Washington, DC headquarters.

SEC Obtains Final Judgments Against Lek Securities And CEO In Layering, Manipulation Case - Litigation Continues Against Ukraine-Based Firm, Individuals

Date 02/10/2019

On October 1, 2019, a federal court judge entered final judgments against New York-based brokerage firm Lek Securities Corp. and Chief Executive Officer Sam Lek, who were charged by the Securities and Exchange Commission with facilitating manipulative U.S. trading by a Ukraine-based firm over a three-year period.

Canadian Securities Regulators Release Data Regarding Women On Boards And In Executive Officer Positions

Date 02/10/2019

Securities regulatory authorities in Alberta, Manitoba, New Brunswick, Nova Scotia, Ontario, Québec and Saskatchewan (the participating jurisdictions) today published CSA Multilateral Staff Notice 58-311 Report on Fifth Staff Review of Disclosure Regarding Women on Boards and in Executive Officer Positions.