News Centre

New York State Department Of Financial Services Superintendent Adrienne A. Harris Secures Commitment From Gemini Trust Company, LLC To Return At Least $1.1 Billion To Earn Program Customers - Gemini Failed To Prevent Harm Suffered By Earn Program Customers From Alleged Fraud By An Unregulated Third-Party - Gemini Will Also Pay A $37 Million Penalty For Multiple Compliance Failures

Date 28/02/2024

New York State Department of Financial Services (“DFS” or the “Department”) Superintendent Adrienne A. Harris announced today that Gemini Trust Company, LLC (“Gemini”) has committed to return at least $1.1 billion to Gemini Earn Program (“Earn”) customers through the Genesis Global Capital, LLC (“GGC”) bankruptcy proceeding. In furtherance of that commitment, Gemini will contribute $40 million to the GGC bankruptcy for the benefit of Earn customers in coordination with the Bankruptcy Court. Gemini will also pay a $37 million fine to DFS for significant failures that threatened the safety and soundness of the company. 

U.S. Chamber, Canadian Chamber, AmCham Canada Joint Statement On Canada’s Digital Services Tax Act - Business Groups Decry Canada Unilaterally Imposing A Retroactive And Discriminatory Digital Services Tax

Date 28/02/2024

The American Chamber of Commerce in Canada, the Canadian Chamber of Commerce, and the U.S. Chamber of Commerce jointly issued the following statement as the House of Commons Standing Committee on Finance prepares to consider the Digital Services Tax Act:

CFTC Chairman Behnam To Testify Before The House Committee On Agriculture

Date 28/02/2024

CFTC Chairman Behnam To Deliver A Keynote Address And Participate In A Fireside Chat At FIA Boca 2024

Date 28/02/2024

Theme And Speaker Lineup Unveiled For Ontario Securities Commission Dialogue 2024

Date 28/02/2024

The Ontario Securities Commission (OSC) today announced the list of speakers and theme for OSC Dialogue 2024: Inviting, thriving and secure capital markets. Aligned with the OSC’s new six-year strategic plan, the event will take placeon May 22, 2024, at the Metro Toronto Convention Centre.

FTSE UK Index Series - Quarterly Review March 2024

Date 28/02/2024

• Easyjet to join the FTSE 100 index

SEC Announces Departure Of William Birdthistle - Natasha Vij Greiner Named Director Of The Division Of Investment Management

Date 28/02/2024

The Securities and Exchange Commission today announced that William Birdthistle, the Director of the Division of Investment Management, will depart the agency, effective March 8, 2024. Natasha Vij Greiner, currently the Deputy Director of the Division of Examinations, will be named Director of the Division of Investment Management upon Mr. Birdthistle’s departure. The Division oversees regulatory policy for investment advisers and investment companies, including mutual funds and other investment products and services relied upon by retail investors.

Interactive Brokers Unveils Next-Generation Trading Platform: IBKR Desktop - Combining Streamlined Design With Powerful Tools

Date 28/02/2024

Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, is excited to introduce IBKR Desktop, the next-generation desktop trading application for Windows and Mac, engineered for today’s traders who demand simplicity but value Interactive Brokers’ powerful trading tools. IBKR Desktop marks a new chapter for innovation and focus on the intuitive user experience at Interactive Brokers.

DTCC Comments On Affirmation Progress For DTC Trade Submission As T+1 Draws Near

Date 28/02/2024

DTCC issued the following statement:

"With the U.S. transition to a T+1 settlement cycle less than three months away, market participants must accelerate their preparations with a focus on enhancing operational efficiencies, including the achievement of same-day affirmation."

First Initial Access Document On BME Scaleup From ALFIL PATRIMONIAL SOCIMI

Date 28/02/2024

• It is the first company to It is the first company to register an Initial Access Document (DIAM) for this market.