News Centre

Alberta Securities Commission Announces Appointment Of Two New Commission Members

Date 09/04/2018

The Alberta Securities Commission (ASC) is pleased to announce that the Lieutenant Governor in Council has appointed Steven Cohen, LL.B and Raymond Crossley, CPA, CA, ICD.D as ASC members, each for a three-year term expiring on March 31, 2021.

ESMA Publishes The Calculations For The March DVC

Date 09/04/2018

Within five working days of the end of the month, the European Securities and Markets Authority (ESMA) shall publish the trading volumes and calculations regarding the double volume cap (DVC) under the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). 

EEX: Name Change Of Iron Ore Futures

Date 09/04/2018

EEX Group has renamed its Iron Ore Futures to Iron Ore 62% Fe China Futures with immediate effect.

SEC Charges Texas Company, Principals In Multimillion Dollar Ponzi Scheme Targeting Seniors

Date 09/04/2018

On April 6, 2018, the Securities and Exchange Commission charged two Texas companies and their principals in a $2.4 million Ponzi scheme and in a related, $1.4 million offering fraud targeting retirees.

Brown Rudnick Alert: OFAC Blocks Russian “Oligarchs” And Companies With Implications For U.S. Activities

Date 09/04/2018

Highlights:

• OFAC’s latest actions to block Russian companies and individuals poses risks for U.S. persons and requires additional know-your-customer measures.
• OFAC imposed 24 Ukraine-related designations of individuals and 12 additional designations of companies.
• For the first time, OFAC has designated individuals and entities as blocked, and added them to the SDN list, under Executive Order 13662.
• One Russian defense company, Rosoboronexport, has been designated pursuant to the Syria sanctions authorities.
• Since some of the designated companies may be doing business with U.S. persons, a new general license allows U.S. persons to wind down activities until June 5, 2018. Activities outside of winding down are prohibited. 
• Three of the entities are also the subject of an additional general license to allow U.S. persons to divest debt/equity/or other holdings. But all such divestment must be completed by May 7, 2018 under the general license.

Moscow Exchange: Risk Parameters Change On Securities Market

Date 09/04/2018

CCP NCC is changing IM rates on Securities market starting from April 10, 2018 for the following shares

US Treasury Calls For Large Position Reports

Date 09/04/2018

The U.S. Department of the Treasury is calling for Large Position Reports from those entities whose positions in the 2-1/4% Treasury Notes of November 2027 equaled or exceeded $4.58 billion as of close of business Monday, January 15, 2018.  Entities with positions in this note equal to or exceeding the $4.58 billion threshold must report these positions to the Federal Reserve Bank of New York.  Entities with positions in this note below $4.58 billion are not required to file Large Position Reports.

B3 And BYMA Enter Into Groundbreaking Agreement In Latin America

Date 09/04/2018

B3 and BYMA (Bolsas y Mercados Argentinos) have signed a joint agreement for B3 to provide technology services to BYMA. Through the agreement, Argentina’s leading stock exchange will enter the derivatives markets using B3’s consolidated PUMA Trading System platform.

CESC Announces Key Findings Of Belt And Road Research Reports And Introduces CES Belt And Road Index

Date 09/04/2018

China Exchanges Services Company Limited (CESC) today (Monday) hosted a media conference and investment forum where it announced the key findings of its Report on Participation in Belt and Road Initiative by Listed Companies Tradable under Stock Connect (the Report) and the CES Belt and Road Index (CES OBOR), an index designed to reflect the stock price performance of listed companies actively participating in the Belt and Road Initiative.

tZERO Unveils Security Token Trading Software

Date 09/04/2018

tZERO, the blockchain-meets-Wall-Street subsidiary of Overstock.com, Inc. (NASDAQ:OSTK), announces the highly-anticipated prototype of its planned security token trading software. The demo link displays a video demonstrating how security tokens may be traded on this platform.