News Articles

SEC Charges Toms River Trio In Connection With Alleged $47 Million Fraud Targeting Orthodox Jewish Communities

Thu, 13 Aug 2026 21:57:39 GMT

The Securities and Exchange Commission today charged three Toms River, New Jersey residents for their roles in an affinity investment fraud that misappropriated approximately $47 million from more than 87 investors, who were primarily members of Orthodox Jewish communities in New Jersey and New York.

The SEC’s complaint, filed in federal court in the District of New Jersey, alleges that between approximately November 2019 and June 2023, Leor Moshe, the scheme’s orchestrator, convinced investors, most of whom, like Moshe, were active members of the Orthodox Jewish community, to invest in his company, Capital Funding ASAP LLC. Moshe told the would-be investors that their money would be used to fund short-term loans for small businesses and their investments would lead to significant fixed returns. However, rather than funding business loans, Moshe allegedly misappropriated more than $11 million from investors for his personal use and used more than $850,000 for Ponzi-like payments to earlier-in-time investors.

The complaint further alleges that Moshe paid fellow Toms River residents, Jacob Goldman and Isaac Odes, who were not registered as broker-dealers or associated with any registered broker-dealer, to recruit investors. Goldman and Odes solicited more than $23 million from at least 25 investors, negotiated investment terms, and facilitated the collection of funds.

As a result of the scheme, investors from Arizona, Connecticut, Florida, Illinois, New Jersey, New York and Ohio lost more than $25 million.

“As our complaint alleges, the defendants promised some investors that they could see returns in excess of thirty percent which definitely falls into the ‘if it sounds too good to be true, it probably is’ category,” said Thomas P. Smith, Jr., Associate Director of the SEC’s New York Regional Office. “In reality, the Jersey Shore triumvirate took advantage of their relationships within Orthodox Jewish communities to raise money for Moshe’s scheme and enrich themselves.”

The SEC’s complaint charges Moshe with violations of the antifraud provisions of the federal securities laws and charges Goldman and Odes with violations of the broker registration provisions of the Securities Exchange Act of 1934. The complaint seeks permanent injunctive relief, disgorgement of ill-gotten gains with prejudgment interest, and civil penalties against the defendants, and a conduct-based injunction against Moshe.

In a parallel action, the U.S. Attorney’s Office for the District of New Jersey today announced criminal charges against Moshe for similar conduct.

The SEC’s Office of Investor Education and Assistance provides guidance on how to avoid frauds that target specific communities on its Investment Scams Targeting Groups webpage. The SEC also encourages investors to use Investor.gov to check the background of anyone offering or selling them an investment.

The SEC appreciates the assistance of the U.S. Attorney’s Office for the District of New Jersey and the FBI.

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Cboe Global Markets Declares Increased Third-Quarter 2026 Dividend

Thu, 13 Aug 2026 21:36:10 GMT

Quarterly cash dividend increased 19 percent to $0.86 per share
16^th consecutive year Cboe has increased its dividend

Cboe Global Markets, Inc. (Cboe: CBOE), a leading global markets operator and pioneer in equity and index derivatives, today announced its Board of Directors has declared an increased quarterly cash dividend of $0.86 per share of common stock for the third quarter of 2026, representing a 19 percent increase from the prior quarter's dividend of $0.72 per share.

The third-quarter 2026 dividend is payable on September 15, 2026, to stockholders of record as of August 31, 2026.

MIAX Exchange Group - Options Markets - Market For Underlying Security Used For Openings For Newly Listed Symbols Effective Friday, August 14, 2026

Thu, 13 Aug 2026 18:37:01 GMT

Please refer to the Regulatory Circulars listed below for the newly listed symbols and the corresponding market for the underlying security used for openings on the MIAX Exchanges:

The newly listed symbols will be available for trading beginning Friday, August 14, 2026.

Please direct questions to the Regulatory Department at Regulatory@miaxglobal.com or (609) 897-7309.

CFTC Chairman Selig Announces Agenda For August 20 Innovation Advisory Committee Meeting In Washington

Thu, 13 Aug 2026 17:16:51 GMT

Chairman Michael S. Selig, sponsor of the Innovation Advisory Committee, today released the agenda for the IAC’s inaugural meeting on Thursday, August 20.

Attendees will discuss topics related to the regulation of crypto assets, artificial intelligence, and prediction markets. View the full agenda here.

“America has long been the global hub of financial innovation,” said Chairman Michael S. Selig. “I look forward to meeting with the entrepreneurs, thinkers, and builders of the CFTC’s Innovation Advisory Committee to discuss ways emerging technologies and financial products are shaping our markets as we embark upon the new frontier of finance.”

This meeting will be streamed live on CFTC.gov. See dial-in information below. For highest quality, select a number nearest your current location.

San Jose: 669-254-5252 or 669-216-1590
New York: 646-828-7666
New Jersey: 551-285-1373
U.S. Spanish Line: 646-964-1167 or 415-449-4000
U.S. Toll Free: 833-435-1820 or 833-568-8864
International Numbers
Webinar ID: 165 371 7748
Passcode: 172798

Members of the public may submit comments in connection with the meeting by August 27. Comments may be submitted electronically through Regulations.gov or by the other methods detailed in the meeting notice beginning on the day the notice appears in the Federal Register. All comments received will be posted on Regulations.gov. The meeting agenda may change to accommodate other IAC priorities. For agenda updates and more information about this advisory committee, including its members, visit the IAC webpage.

Individuals with additional questions should contact IAC Designated Federal Officer Michael Passalacqua.

The views, opinions, and information expressed by the Advisory Committees are solely those of the respective Advisory Committee and do not necessarily reflect the views of the Commission, its staff, or the U.S. government.

CLS FX Trading Activity July 2026 2.66USD Trillion - Total Daily Traded Volume Submitted To CLS Up 14.7% From July 2025

Thu, 13 Aug 2026 18:48:37 GMT

Lisa Danino-Lewis | Chief Growth Officer, CLS:

“In July 2026, we saw average daily traded volumes of USD2.66 trillion, an increase of 14.7% compared to July 2025. Over the same period, we saw an increase in volumes across all instruments. The increase was 18% for FX forwards, 14.9% for FX swaps and 12.7% for FX spot."

Average daily traded volume submitted to CLS by product (USD trillion)*	July 2025	June 2026	July 2026
Forward	0.200	0.263	0.236
Swap	1.581	1.919	1.817
Spot	0.536	0.643	0.605
Total average daily traded volume submitted to CLS (USD trillion)	2.317	2.825	2.658

Due to rounding, the numbers presented may not add up precisely to the totals provided and the percentages may not precisely reflect the exact figures.

CME Group Foundation Invests $360K In First-Generation Illinois Scholars

Thu, 13 Aug 2026 14:47:46 GMT

More than $4.9 million in scholarships granted since 2019

CME Group Foundation announced today it has awarded $360,000 in scholarships to 15 low-income, first-generation Illinois college students who are majoring in finance, technology and related fields. To honor this year's recipients, CME Group executives will host a Day of Recognition and Market Education.

At the event, students will learn more about internship and career opportunities available at CME Group and in the financial services industry. Since its launch in 2019, the program has awarded more than $4.9 million in scholarships to 138 students at 13 partner colleges and universities in the United States.

"Year after year, students show us how they can drive the future of finance and technology, and the CME Group Foundation scholarship is our commitment to help them get there," said Terry Duffy, CME Group Chairman and Chief Executive Officer. "We are honored to invest in these students and the careers they are building throughout our industry."

"The CME Group Foundation scholarship helped me redefine my path," said Melise Sever, a junior computer science major at Stevens Institute of Technology who is entering her second year in the CME Group Foundation Scholars Program. "This scholarship didn't just ease a financial burden; it eased the burden on my family and I'm endlessly grateful that it made it possible for me to attend college and finally live in a dorm, rather than commute three hours a day to save money. More than financial relief, this scholarship gave me the opportunity to dream beyond survival—to imagine a future where my potential, not my debt, defines me."

This year's recipients of the CME Group Foundation Scholarship include:

Brandon Alvarez, Stevens Institute of Technology
Aracely Candelaria, Stevens Institute of Technology
Brenda Castro-Macias, Loyola University Chicago
Tiara Davis, Illinois Institute of Technology
Christian Engida, DePaul University
Eman Hussain, University of Illinois Chicago
Khizer Khan, DePaul University
Shynecka Manderson, University of Illinois Chicago
Jason Mascarenhas, University of Illinois at Urbana-Champaign
Joaquin Morales, Loyola University Chicago
Martyna Piorek, Loyola University Chicago
Jozef Progri, University of Illinois at Urbana-Champaign
Disha Rana, Stevens Institute of Technology
Piotr Wawrzyniak, DePaul University
Makayla Young, University of Illinois Chicago

Scholarship partner colleges and universities are:

Chicago State University
City Colleges of Chicago
DePaul University
Illinois Institute of Technology
Loyola University Chicago
National Louis University
Northern Illinois University
Roosevelt University
Southern Illinois University-Carbondale
St. Xavier University
Stevens Institute of Technology
University of Illinois Chicago
University of Illinois at Urbana-Champaign

For more information on CME Group Foundation scholarships, visit www.cmegroupfoundation.org.

About CME Group Foundation

CME Group Foundation helps today's students keep pace with dramatically evolving technology, creating a workforce for the future that is equipped with the skills to meet tomorrow's global challenges. By bringing together the brightest minds in education to prepare students for kindergarten, provide robust opportunities in computer science, and support them with college and career success, we are sparking system-wide change that benefits all students, from cradle to career, with a focus on those who are typically underrepresented in the STEM fields. They will shape the future of the world's most important industries, including our own, so we give them the tools they need to achieve their full potential.

ADX Becomes First MENA Exchange To Open “Live: Market Data Directly To ChatGPT, Claude And Other AI Platforms”

Fri, 14 Aug 2026 06:35:14 GMT

The Abu Dhabi Securities Exchange (ADX), one of the fastest growing exchanges in the world, has become the first exchange in the MENA region to offer all investors, institutions, developers and market participants access to official “live” ADX market data through conversational AI tools like ChatGPT, Claude, and other large language models (LLMs).

The landmark integration marks the first time investors in the region can query a stock exchange’s market data in plain language via the AI platforms they already use — removing the need for specialist terminals, complex APIs or technical intermediaries. Through a governed Model Context Protocol (MCP) server, ADX is opening a new channel for market transparency, financial awareness and inclusion, supporting wealth creation and a more knowledge-based economy in Abu Dhabi and the wider UAE. This initiative opens up a new approach to the distribution and consumption of exchange information.

Greater Access to Market Intelligence

Abdulla Salem Alnuaimi, Group Chief Executive Officer of ADX, said: “AI is rapidly enabling how investors discover, analyze and act on information. As the first exchange in the MENA region to connect directly with major AI models, we are redefining how the financial community can take advantage of our market data to make informed decisions directly, intuitively, and efficiently. By removing technical barriers that once required a specific setup, everyone now has live access to ADX data through simple prompts. We believe this will contribute to greater market transparency, wider financial participation, and a more accessible investment ecosystem. This also reinforces ADX as a key pillar supporting the development of Abu Dhabi and the UAE’s capital markets and aligns with the emirate’s vision of an AIinspired, knowledge-based economy.”

Direct, Secure, On-Demand Access to Official ADX Data

The ADX MCP framework provides secure, on-demand access to critical market datasets for AI assistants and agentic workflows. Users can configure their AI applications to read official ADX data sources through a simple, standardized protocol, with four usage plans ranging from a free tier to AED 49.99 per month, each structured with clear limits on usage, refresh frequency, historical depth, and concurrent connections.

Via this integration, users can retrieve:

Per-symbol market depth, bid-ask spreads, and price-discovery signals;
Multiple trading statistics, including retail versus institutional and foreign versus local flows;
Structured, machine-readable XBRL financial disclosures; and • Comprehensive index constituents and related reference data.

The service is designed to support a broad spectrum of market participants:

Fintech developers and research firms can leverage data to build customized analytics, research tools, and AI-driven insights.
Brokers can develop proprietary, white-label AI trading assistants to increase activetrader engagement.
Institutional investors gain low-latency, source-grade order book visibility, and precise segmented data flows.
Retail investors can ask natural-language questions to retrieve complex, real-time, official market intelligence through the AI platforms they already utilize.

The launch reinforces ADX’s broader strategy to expand access to capital markets, strengthen market infrastructure and support the development of an increasingly technology-enabled investment ecosystem. By making official exchange data more accessible through AI, ADX is positioning market information to become more readily available to a wider community of investors, institutions, researchers and innovators.

More information on how to subscribe and set up the service is available at:

https://www.adx.ae/market -data -services/model -context -protocol/adx -mcp -plans

Deutsche Börse Group: Business Indicators For July 2026

Thu, 13 Aug 2026 13:24:54 GMT

A summary of Deutsche Börse Group's business indicators for July 2026 is now available on outhe Deutsche Börse website:

Trading Statistics

There you can also find the Excel file 'Major business figures' containing historic business indicators for the respective reporting segments.

Joint Statement By Bank Negara Malaysia And Securities Commission Malaysia - Updates From The 17th Joint Committee On Climate Change (JC3) Meeting

Thu, 13 Aug 2026 11:32:23 GMT

The Joint Committee on Climate Change (JC3) held its 17th meeting on 6 August 2026. The meeting reaffirmed the need to move faster from commitment to mobilising practical solutions. Priorities include supporting energy transition, strengthening climate resilience especially against floods, and strengthening mechanisms to measure and report outcomes.

Supporting implementation of the National Sustainability Reporting Framework (NSRF), the JC3 issued the NSRF Guidance Documents for Banks and Insurers and Takaful Operators¹. The guidance aims to make sustainability-related disclosures more robust, consistent, comparable and purposeful. Through practical solutions, the guidance addresses common implementation challenges in sustainability reporting, including risk and opportunity assessments, strategy disclosures, and the use of metrics and targets. Hands-on capacitybuilding programmes will begin in October 2026 to support implementation.

Neetasha Rauf, Chief Sustainability Officer of the Securities Commission Malaysia and Co-Chair of JC3, said, “The NSRF Guidance Documents will help financial institutions and insurers and takaful operators navigate reporting challenges and support their transition towards high-quality, decision-useful sustainability disclosures. It also complements the efforts of the Advisory Committee on Sustainability Reporting (ACSR) in providing implementation and capacity-building support for scoped-in entities.”

The meeting noted further progress under the Climate Finance Innovation Lab (CFIL), which continues to connect climate- and nature-related projects with funding opportunities. Under the second cohort, 22 projects seeking RM1.73 billion in funding will undergo a structured accelerator programme in collaboration with the United Nations Global Compact Network Malaysia, Brunei and Cambodia (UNGCMBC). This segment will support business model refinement, impact assessment and funding facilitation. Interested funders are encouraged to engage with CFIL to help scale impactful climate- and nature-related solutions².

Members also agreed to fully adopt the ASEAN Taxonomy for Sustainable Finance as the basis for the Malaysia Taxonomy. This marks a significant step towards greater regional interoperability, consistency and comparability in sustainable finance. Additionally, this reduces the operational burden of businesses especially those with cross border trade. JC3 will develop practical guidance and tools tailored for local implementation. A pilot with selected members will ensue prior to full adoption for reporting in 2028. The pilot aims to identify implementation challenges and inform further refinements, where necessary.

Madelena Mohamed, Assistant Governor of Bank Negara Malaysia and Co-Chair of JC3, said, “A taxonomy is only effective if it can be applied consistently and confidently. As Malaysia adopts the ASEAN Taxonomy as the foundation of the Malaysia Taxonomy, JC3 will focus on developing practical implementation guidance and tools to support its use. The pilot will help identify operational challenges early and ensure the framework remains fit for purpose and relevant for Malaysia’s needs.”

To support Malaysia Taxonomy implementation and sustainable finance growth, JC3 will explore a centralised climate- and nature-related data platform. Better access to reliable data will help financial institutions, businesses and investors assess risks and opportunities, meet reporting requirements and channel capital to sustainable and transition activities.

The JC3 Journey to Zero Conference (JC3 J20), a flagship event of JC3, will be held on 28 and 29 September 2026 at Sasana Kijang. The conference will bring together policymakers, financial institutions, investors, and other stakeholders to advance practical solutions for scaling transition and adaptation finance, share implementation experiences and challenges and explore solutions to deliver measurable outcomes.

The Guidance documents are available at: Guidelines & Toolkits | JC3 Malaysia and www.sc.com.my/nsrf
Funders may express interest in CFIL via: Apply as funder | JC3 Malaysia

SET Foundation Aand RLG launch "EF Children, Think Smart, Money Smart" To Build Brain Skills And Financial Discipline In Thai Youth

Thu, 13 Aug 2026 10:28:46 GMT

KEY POINTS

The project integrates financial literacy with Executive Functions (EF) brain skills development for early childhood to primary school children, cultivating sound financial discipline and habits from a young age.
The initiative is expanding to school nationwide and faculties of education at over 10 universities to develop a new generation of teachers equipped to teach financial literacy, preparing Thai youth to grow with quality life skills

The Stock Exchange of Thailand (SET) Foundation, in collaboration with the Rakluke Learning Group (RLG), has launched the "EF Children, Think Smart, Money Smart" project, integrating Executive Functions (EF) brain skill development with financial literacy to cultivate financial discipline in early childhood and primary school children, empowering Thai youth to grow with quality life skills.

SET Foundation Director and Secretary – Asadej Kongsiri said that as Thailand enters a complete aged society alongside a continuous decline in birth rates, preparing Thai youth to grow into quality citizens has become more urgent than ever. The project has developed innovative learning media and knowledge resources for practical use in both family and school settings, comprising five picture storybooks for early childhood, five storybooks for primary school students, and a financial literacy board game. These tools are designed to help children understand the value of money, cultivate saving habits, make prudent decisions between needs and wants, and learn the value of sharing, building the foundation skills for both mental resilience and financial security, and developing quality human resources ready to drive the country forward.

RLG Institute President – Subhawadee Harnmethee said the project’s storybooks, board games, and EF skill-building processes are grounded in brain science. Instilling EF brain skills from early childhood (ages 3–6) and continuing to train them as children grow lays a foundation for self-regulation in daily life. As they develop, self-regulated children increasingly understand and manage their financial lives -- learning to plan, avoid over-indebtedness, build immunity against financial scams, and eventually invest with purpose. Strong EF skills are therefore a crucial prerequisite for financial literacy to deliver real results.

Preschool Education Association of Thailand President and Plearnpattana School Director – Thida Pitaksinsuk said that finance is not too difficult a subject for children when communicated through relatable storybooks and hands-on activities. Collectively instilling these habits from early childhood and carrying them forward across every stage of life will serve as a vital driving force — one that takes deep root and builds lasting financial stability in the future

Chiang Rai Provincial Education Office Director of the Supervisory, Monitoring and Evaluation Group – Weerat Sanumitr said Chiang Rai’s strong EF foundation has enabled teachers to apply financial literacy media through active learning, meeting Ministry of Education curriculum indicators. Students, teachers, and parents alike have shown measurable improvement in financial literacy.

Naresuan University Director of the Investment Learning Center, Faculty of Business Administration, Economics and Communications – Kittipat Santaveesuk said the core financial problem for most Thais is the absence of early training in deliberate decision-making. Research consistently shows that early childhood is the optimal window for EF development. Three EF skills are particularly relevant to financial behavior: inhibitory control – resisting impulse spending and choosing need over want; working memory – setting and maintaining financial goals; and cognitive flexibility – adapting financial plans to changing life circumstances.

The "EF Children, Think Smart, Money Smart" project builds on a collaboration that began in 2020 across two pilot districts of Chiang Rai, expanding to all 18 districts by 2024 and extending to Nan and Lampang provinces. In 2025, the project integrated financial literacy with EF skills across 20 schools and is now preparing to expand to early childhood and primary schools nationwide focused on financial literacy development, as well as to faculties of education at over 10 universities to develop a new generation of teachers equipped with the knowledge, skills, and attitudes to teach financial literacy effectively. The project also welcomes partnerships with network organizations to extend its reach nationwide. For more details, visit www.setfoundation.or.th.