News Centre

New Zealand Financial Markets Authority Files Criminal Proceedings Against Individual For Alleged Insider Trading

Date 17/09/2024

The Financial Markets Authority – Te Mana Tātai Hokohoko – has filed criminal proceedings against an individual for alleged insider trading relating to the buying and selling of shares in Heartland Group Holdings Limited (HGH). 

Effective Compliance: Perspectives From The Regulator - Speech By ASIC Chair Joe Longo At The Australian Compliance Institute Annual Conference, 17 September 2024.

Date 17/09/2024

Key points

• More than ever, compliance professionals can play a strategic role in the boardroom.
• Written policies and procedures provide the framework for compliance. Systems, processes, and technology can be used to underpin and support compliance. But compliance in practice requires a culture of integrity, ethics, and trust.
• It’s the role of the directors of a company to set the tone, establish and lead a culture of compliance. This includes monitoring the arrangements the company has in place to ensure compliance with regulatory obligations.

SEC Charges Former Chairman And CEO Of Tech Co. Kubient With Fraud And Lying To Auditor - Former CFO And Audit Committee Chair Also Charged

Date 16/09/2024

The Securities and Exchange Commission today filed charges against Paul D. Roberts, the former Chair, CEO, and president of Kubient Inc.; Joshua A. Weiss, the company’s former chief financial officer; and Grainne M. Coen, the company’s former audit committee chair, for their roles in a scheme in which Kubient overstated and misrepresented its revenue in connection with two public stock offerings.

Omakase: Statement On In The Matter Of Flyfish Club, LLC, SEC Commissioner Hester M. Peirce, SEC Commissioner Mark T. Uyeda, Sept. 16, 2024

Date 16/09/2024

For curmudgeonly commissioners like us, crypto enforcement feels a bit like a trip to a restaurant for a meal, Omakase style. Omakase translates to, “I’ll leave it up to you.” This directive is wonderful in the hands of a renowned chef, but disastrous in the hands of a crypto-obsessed Commission. Leaving crypto to be addressed in an endless series of misguided and overreaching cases has been and continues to be a consequential mistake. By its very nature, Omakase dining requires a deep level of trust. Americans should be able to extend a similar trust to our regulators. Today’s settled enforcement action with Flyfish Club for its sale of non-fungible tokens (“NFTs”) is just the latest dish that undermines trust in Chef SEC. Accordingly, we dissent.

CFTC To Hold A Commission Open Meeting September 20

Date 16/09/2024

Commodity Futures Trading Commission Chairman Rostin Behnam today announced the Commission will hold an open meeting on Friday, September 20 at 10:00 a.m. (EDT) at the CFTC’s Washington, D.C. headquarters. Members of the public can attend the meeting in person, listen by phone, or view a live stream at CFTC.gov.

Ontario Securities Commission Seeks Applications For Investor Advisory Panel

Date 16/09/2024

The Ontario Securities Commission (OSC) is inviting applications for membership on its independent Investor Advisory Panel (IAP), an advisory committee to the OSC that provides the primary retail investor perspective on policy, rule-making and other regulatory initiatives.

ETFGI Reports Assets Invested In The ETFs Industry In The United States Reached A New Record High Of 9.74 Trillion US Dollars At The End Of August

Date 16/09/2024

ETFGI, a prominent independent research, events and consultancy firm specializing in providing subscription research on trends in the global ETFs industry, reports assets invested in the ETFs industry in the United States reached a new record high of US$9.74 trillion at the end of August. The industry gathered net inflows of US$66.31 billion during August, bringing year-to-date net inflows to a record US$643.52 billion, according to ETFGI's August 2024 US ETFs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

CFTC Commissioner Pham To Keynote At Exchequer Club Of Washington, DC

Date 16/09/2024

Eurex Clearing AG Participates In Project Agorá

Date 16/09/2024

Eurex Clearing AG is excited to announce its participation in Project Agorá.  

Project Agorá, launched by the Bank for International Settlements (BIS), a group of leading central banks, and the Institute of International Finance (IIF), will proceed to the next phase with more than 40 private sector financial firms in their exploration of how tokenization can enhance wholesale cross-border payments.  

ETFGI Reports 28 Of The Top 50 Overseas Securities Purchased By Korean Retail Investors In August Were ETFs Listed In The United States And Japan

Date 16/09/2024

ETFGI, a prominent independent research, events and consultancy firm specializing in providing subscription research on trends in the global ETFs industry, reported today that in August, 28 of the top 50 overseas securities purchased by Korean retail investors were ETFs listed in the United States and Japan. The number of ETFs on the list increased by 1 from 27 in July 2024, it is up by 2 from 26 in June 2024, and it is up by 5 from 23 in May 2024. (All dollar values in USD unless otherwise noted)