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CFTC Charges South Carolina Resident Thomas Lanzana, Florida Resident Nikolay Masanko, And Their Companies Blackbox Pulse, LLC And White Cloud Mountain, LLC With Fraud, Misappropriation, And Registration Violations - Lanzana And Masanko Allegedly Operated A Ponzi Scheme That Defrauded Off-Exchange Foreign Currency Derivatives Customers Of At Least $700,000 - Federal Court Enters Asset Freeze Order Freezing Defendants’ Assets And Protecting Books And Records

Date 24/08/2017

The U.S. Commodity Futures Trading Commission (CFTC) filed a civil enforcement action against Defendants Thomas Lanzana (d/b/a Unique Forex) currently of Pawleys Island, South Carolina and his company Blackbox Pulse, LLC of North Bergen, New Jersey, and Nikolay Masanko and his company White Cloud Mountain, LLC, both of St. Augustine, Florida, charging them with fraud in connection with soliciting customers for their foreign currency derivatives (forex) trading pools and other investments. The CFTC Complaint, filed on August 21, 2017, in the U.S. District Court for the District of New Jersey, also charges the Defendants with misappropriating customer funds and with registration violations.  Lanzana resided at various times in Midland Park and New Bergen, New Jersey, until approximately 2015, according to the Complaint.

ACER Consults On The Maximum And Minimum Prices In The Day-Ahead And Intraday Coupling

Date 24/08/2017

As of August 2017 the Agency has become competent to decide on the proposals for maximum and minimum prices in single day-ahead and intraday coupling developed by all Nominated Electricity Market Operators (NEMOs).
 

Federal Reserve Names Strategy Director To Lead Payment System Improvement

Date 24/08/2017

The Federal Reserve has named Dave Sapenaro as payments strategy director with responsibility for leading payment system improvement initiatives described in its "Strategies for Improving the U.S. Payment System" paper published in January 2015. Sapenaro, first vice president and chief operating officer of the Federal Reserve Bank of St. Louis, will succeed Gordon Werkema, whose retirement was recently announced. Sapenaro will assume this new responsibility and continue to serve as first vice president and chief operating officer of the St. Louis Fed.

London Stock Exchange Approved As An APA For MiFID II Reporting

Date 24/08/2017

• FCA approves London Stock Exchange as Approved Publication Arrangement (APA)
• APAs authorised to publish post-trade transparency reports on behalf of investment firms
• Post trade reporting to be provided through TRADEcho platform
• LSEG providing single connectivity solution for firms pre- and post-trade reporting requirements

FCA Authorises Tradeweb APA For MiFID II Trade Reporting

Date 24/08/2017

The Tradeweb APA today received authorisation from the UK’s Financial Conduct Authority (FCA), effective from 3rd January, 2018.

Borsa Istanbul: Periodic Review For The BIST-KYD Corporate Eurobond Indices For The Period September 2017 Has Been Finalized

Date 24/08/2017

In accordance with the article 3.3. of BIST-KYD Indices Ground Rules, periodic review for the BIST-KYD Corporate Eurobond Indices for the period September 2017 (September 1, 2017–September 30, 2017) has been finalized. There is not any Eurobond to be included in or excluded from the BIST-KYD Corporate Eurobond USD and BIST-KYD Corporate Eurobond USD (TRY) Indices and they will continue to be calculated with the same list of constituents in the period September 2017.

Dubai Financial Market Closed For Eid Al Adha From Thursday 31 August 2017, Resuming Operations Monday 4 September 2017

Date 24/08/2017

In the occasion of Eid Al Adha, the market will be closed starting from Thursday 31 August 2017 and the work will resume on Monday 04 September 2017.

Response From The European Association Of CCP Clearing Houses (EACH) To ESMA Consultation On Guidelines On 'CCP Conflicts Of Interest Management'

Date 24/08/2017

This response represents the views of European CCPs’ on ESMA public consultation on guidelines on CCPs conflict of interest of management. 

HKEX Stock Exchange Participants' Market Share Report - Updated: 24/08/2017

Date 24/08/2017

Hong Kong's Securities And Futures Commission: Court Convicts Sole Proprietor And Investment Portfolio Manager Of Unlicensed Asset Management

Date 24/08/2017

The Eastern Magistrates’ Court today convicted Fonia Kwok Lai Kwan of carrying on a business in asset management trading under the name of Finamics Capital Management (Finamics) and Lawrence Ho Man Chung of performing a regulated function in relation to the asset management of Finamics without licences from the Securities and Futures Commission (SFC) (Notes 1 to 3).