News Centre

SEC Charges Five Unregistered Brokers, Four Companies In Widespread Pre-IPO Fraud Scheme - Scheme Resulted In More Than $525 Million In Unregistered Offerings, Netting Defendants More Than $88 Million In Illicit Profits From Undisclosed Fees

Date 07/12/2023

The Securities and Exchange Commission today announced charges against Raymond J. Pirrello, Jr., Marcello Follano, Robert Cassino, Anthony DiTucci, Joseph Rivera, and their New Jersey or New York-based companies Prior 2 IPO Inc., Late Stage Asset Management, LLC, Pre IPO Marketing Inc., and JL Rivera Enterprises Ltd. for making fraudulent offerings relating to investments in pre-initial public offering (IPO) companies.

Nodal Exchange Achieves Year Over Year Growth In All Markets

Date 07/12/2023

Nodal Exchange announced new trading records in power and environmental futures. In power, Nodal achieved a year-to-date record with January to November 2023 traded power futures volume of 2.574 billion MWh, up 15% from the same period in 2022. In November, Nodal Exchange traded volume was 219.2 million MWh, up 11% from November 2022.  Nodal continues to be the market leader in North American power futures having the majority share of the open interest with 1.283 billion MWh at the end of November. The open interest represents over $116.5 billion of notional value (both sides).

Readout: US Secretary Of The Treasury Janet L. Yellen’s Meeting With Secretary Of Finance And Public Credit Rogelio Ramírez de la O Of Mexico

Date 07/12/2023

Today, U.S. Secretary of the Treasury Janet L. Yellen met with Mexican Secretary of Finance and Public Credit Ramírez de la O. Secretary Yellen and Secretary Ramírez de la O discussed key aspects of the U.S.-Mexico economic relationship, including how both countries can take advantage of stronger economic integration. They also exchanged views on shared priorities, including strengthening information sharing to combat illicit finance, measures to protect both countries’ national security through bolstering their critical supply chains and cooperation on cross-border payments.

Ontario Securities Commission Publishes 2023 Corporate Finance Branch Report

Date 07/12/2023

The Ontario Securities Commission (OSC) today published its annual Corporate Finance Branch Report, an important resource to help issuers and their advisors with their reporting obligations.

Remarks On Digital Engagement Practices, Before The Investor Advisory Committee (IAC), SEC Commissioner Jaime Lizárraga, Washington D.C., Dec. 7, 2023

Date 07/12/2023

Good morning. My comments today will focus on the Disclosure Subcommittee’s draft recommendations relating to the Commission’s proposal on the use of digital engagement practices, or DEPs, by brokers and advisers. These draft recommendations urge that the Commission amend existing rules instead of adopting new ones.

SIFMA Economic Survey Year-End Findings Focus On The Consumer, Inflation, And Monetary Policy

Date 07/12/2023

SIFMA today unveiled the results of its biannual survey of the chief U.S. economists from over 20 global and regional financial institutions. It includes expectations for key economic metrics and policy moves, including key findings such as 87% of survey respondents believing there will be no more rate hikes from the Fed, and the expectation of rate cuts in 2Q24.

Daniel R. Gregus, Director Of The Chicago Regional Office, To Depart The SEC - Vanessa L. Horton And Kathryn Pyszka Will Become Acting Co-Directors Upon Mr. Gregus’s Departure

Date 07/12/2023

The Securities and Exchange Commission today announced that Daniel R. Gregus, Director of the Chicago Regional Office, will leave the agency at the end of December after more than 30 years of service. Vanessa Horton and Kathryn Pyszka will become Acting Co-Directors upon Mr. Gregus’s departure.

Canadian Securities Administrators Publishes Summary Of 2023 Systemic Risk Survey

Date 07/12/2023

The Canadian Securities Administrators (CSA) today published a summary of the results from its second annual systemic risk survey. The results of this survey provide the CSA with important information on market participants’ concerns about the stability of the Canadian financial system. 

FIA November 2023 SEF Tracker

Date 07/12/2023

US Secretary Of The Treasury Janet L. Yellen And Mexico’s Secretary Of Finance And Public Credit Rogelio Ramírez De La O Announce Intent To Establish Bilateral Working Group On Foreign Investment Review

Date 07/12/2023

On December 7, 2023, U.S. Secretary of the Treasury, Janet L. Yellen, and Mexico’s Secretary of Finance and Public Credit, Rogelio Ramírez de la O, signed a Memorandum of Intent (MOI) to affirm the importance of foreign investment screening in protecting national security and express their desire to establish a bilateral working group for regular exchanges of information about how investment screening can best protect national security.