News Centre

Brutal October Sees FTSE Mondo Visione Exchanges Index Up 1%, B3 Leads The Pack With Cboe Global Markets Close Behind In Halloween Rally

Date 08/11/2018

While the exchanges sector remained largely muted in October, US exchanges pushed their way into the top half of the FTSE Mondo Visione Exchanges Index despite the Securities and Exchange Commission's decision in October to block exchanges from raising fees on some data products. The SEC decision is being opposed by exchanges.

B3 Announces Results For The Third Quarter Of 2018

Date 08/11/2018

“B3” or “Company”; ticker: B3SA3) reported today its third-quarter earnings for the period ending on September 30, 2018 (3Q18). Total revenues reached R$1,272.5 million, an 8.7% increase over the third quarter of 2017 (3Q17), while recurring EBITDA1 amounted R$776,2 million, growth of 16.2%, showing the Company’s operational leverage. The Company’s recurring net income2 in 3Q18 was R$613.4 million.

NZX Implements Mutualised Default Fund

Date 08/11/2018

NZX has redesigned its Clearing House capital structure with the implementation of a mutualised default fund today.

CFTC Orders Commerzbank AG To Pay $12 Million For Swap Dealing Violations And For Misleading Statements To The CFTC

Date 08/11/2018

The Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Commerzbank AG (Commerzbank) for numerous violations of the Commodity Exchange Act (CEA) and CFTC Regulations, including failing to supervise its Swap Dealer’s activities for more than 5 years and making misleading statements and material omissions to the CFTC concerning its Swap Dealer’s operations and compliance with the CEA and CFTC Regulations.  Commerzbank AG is a global banking and financial services company based in Frankfurt, Germany, that has been provisionally registered with the CFTC as a Swap Dealer since December 31, 2012.

SEC Announces Agenda, Panelists For Staff Roundtable On The Proxy Process

Date 08/11/2018

The Securities and Exchange Commission today announced the agenda and panelists for the staff roundtable on the proxy process on November 15, 2018.  

MoneyGram International Inc. Agrees To Extend Deferred Prosecution Agreement, Forfeits $125 Million In Settlement With US Justice Department And Federal Trade Commission - Company Also Agrees To Implement Additional Anti-Fraud And Anti-Money Laundering Program Compliance Enhancements In Agreements With Federal Authorities

Date 08/11/2018

MoneyGram International Inc. (MoneyGram), a global money services business headquartered in Dallas, Texas, has agreed to extend its deferred prosecution agreement and forfeit $125 million due to significant weaknesses in MoneyGram’s anti-fraud and anti-money laundering (AML) program resulting in MoneyGram’s breach of its 2012 deferred prosecution agreement (DPA).  In addition to the monetary payment and extension of the deferred prosecution agreement, the company must enhance its anti-fraud and AML compliance programs. 

MIAX Options - Electronic Filing Of Annual Reports

Date 08/11/2018

In connection with the Regulatory Services Agreement between MIAX Options and FINRA, the filing of MIAX Options Rule 803 Audits annual report has been transitioned to the electronic filing platform available via FINRA’s Firm Gateway located at https://firms.finra.org.

US Department Of Justice: Los Angeles Man Pleads Guilty To Defrauding Investors Through An $8.3 Million Binary Options Scheme

Date 08/11/2018

The former CEO of Citrades pleaded guilty today for his role in a scheme to defraud investors out of $8.3 million in the United States and across the world in financial instruments known as “binary options,” announced Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division and Acting Director in Charge Nancy McNamara of the FBI’s Washington Field Office.  Citrades was a purported internet-based investment platform.

CFTC Charges Former Deutsche Bank Trader With Fraudulently Mismarking Swaps - Division Of Enforcement Also Issues Declination Letter To Deutsche Bank In Recognition Of Its Self-Reporting, Full Cooperation And Remediation

Date 08/11/2018

The Commodity Futures Trading Commission (CFTC) announced today that it filed and settled charges against Jacob Bourne, a former managing director of Deutsche Bank Securities Inc., for fraudulently mismarking swap valuations to conceal significant trading losses.   The CFTC Order requires Bourne to pay a $350,000 civil penalty and permanently bans Bourne from trading on exchange and seeking registration with the CFTC, among other prohibitions. 

Keynote Address: ALI CLE 2018 Conference On Life Insurance Company Products, Dalia Blass, Director, SEC Division Of Investment Management, Washington D.C., Nov. 8, 2018

Date 08/11/2018

Introduction

Good morning. Thank you Richard [Choi] for that kind introduction.

This conference was the first time I spoke to a public audience as Director of the Division. It is a pleasure to return a year later and continue our dialogue. Over the last year, I have had the opportunity to engage on many different policy areas. What I see, from one area to the next, is the vibrancy of the American financial markets. It is a symphony of participants – from investors of all ages, financial situations and preferences to financial services providers with a variety of investment products and services that can meet unique investor needs.