News Centre

CFTC Commitments Of Traders Reports Update

Date 10/12/2018

The current reports for the week of December 7, 2018 are now available.

Remarks Before The 2018 AICPA Conference On Current SEC And PCAOB Developments, Emily L. Fitts, Professional Accounting Fellow, Office Of The Chief Accountant, Washington D.C., Dec. 10, 2018

Date 10/12/2018

Introduction

Over time, members of the SEC staff have spoken about the importance of internal control over financial reporting (“ICFR”) and the value of communication among audit committees, auditors, and management regarding ICFR.  We have also shared certain considerations to assist in the design of an effective system of internal control.  Today, I would like to continue the ICFR discussion by focusing on two topics: the evaluation of operating effectiveness of controls and preparation of material weakness disclosures. 

ISDA Publishes 2018 Benchmarks Supplement Protocol

Date 10/12/2018

ISDA has today published the ISDA 2018 Benchmarks Supplement Protocol, intended to help market participants incorporate the ISDA Benchmarks Supplement into their interest rate, FX, equity and commodity derivatives transactions.

Remarks Before The 2018 AICPA Conference On Current SEC And PCAOB Developments, Tom W. Collens Professional Accounting Fellow, Washington D.C., Dec. 10, 2018

Date 10/12/2018

Introduction

Good morning and thank you for the opportunity to speak with you today. Like my colleague Emily Fitts, I’d like to spend my time with you today discussing internal control over financial reporting (“ICFR”). Specifically, I’d like to discuss some observations related to the evaluation of control deficiencies. These observations are based on OCA’s involvement in the SEC’s coordinated efforts on ICFR, including consultations with the Division of Corporation Finance and the Division of Enforcement.

CFTC: Federal Court Orders Defendants To Pay More Than $11 Million In Connection With Commodity Pool Fraud

Date 10/12/2018

The Commodity Futures Trading Commission (CFTC) today announced an Order of default judgment and permanent injunction has been issued against defendants Scott Allensworth (d/b/a Capital Growth Group Associates and Cobra Development Group LLP), of Newhall, California, and his California company E-Slate, Inc. (d/b/a Cobra Development Group LLP), Robert J. Fusco, of Henderson, Nevada, and David Weddle of Prospect, Kentucky, in connection with two separate fraudulent commodity pool trading schemes. 

SEC: Three Broker-Dealers To Pay More Than $6 Million In Penalties For Providing Deficient Blue Sheet Data

Date 10/12/2018

The Securities and Exchange Commission today announced that three broker-dealers have agreed to pay more than $6 million to settle charges for providing the SEC with incomplete and inaccurate securities trading information in required SEC productions known as “blue sheet data,” which the SEC uses to carry out its enforcement and regulatory obligations, including the investigation of insider trading and other fraudulent activity. 

Borsa İstanbul: BIST Stock Indices Ground Rules Have Been Updated

Date 10/12/2018

Borsa İstanbul Management has decided to make the following changes in BIST Stock Indices Ground Rules:

Flow Traders Enters Eurex FX Derivatives As New Liquidity Provider - Liquidity On European FX Exchange Is Deepening

Date 10/12/2018

Flow Traders has joined the panel of quality FX liquidity providers for the Eurex FX Futures products, further deepening liquidity to investors. As of now, Flow Traders will provide liquidity throughout the whole range of monthly and quarterly deliverable FX Futures as well as in the non-deliverable Rolling Spot Futures.

TASE To Launch CPI-Linked, Gov. Bonds, 15+ Years Index - 12 NIS Billion Is Currently Managed In ETF's On Government Bond Indices

Date 10/12/2018

SENAAT Lists Debut International Sukuk On London Stock Exchange

Date 10/12/2018

• SENAAT lists $300m sukuk as part of $3bn Trust Certificate Issuance Programme
• The senior unsecured sukuk is the first international bond issued by SENAAT
• Reinforces London’s role as a leading international finance centre attracting global issuers to its markets
• Record $8.6bn sukuk issuance in London this year