News Centre

ASIC: ANZ To Pay $900,000 Penalty For Continuous Disclosure Failure

Date 08/12/2023

The Federal Court has today ordered Australia and New Zealand Banking Group Limited (ANZ) to pay a penalty of $900,000 for breaching its continuous disclosure obligation during a $2.5 billion institutional share placement in 2015.

New Zealand Financial Markets Authority Makes Permanent Stop Order Against David McEwen And Entities Associated With Him

Date 08/12/2023

The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has made a permanent stop order against David Elgar McEwen and entities associated with him (McEwen and Associates). 

US Office Of The Comptroller Of The Currency Report Identifies Key Risks Facing Federal Banking System

Date 07/12/2023

The Office of the Comptroller of the Currency (OCC) today reported the key issues facing the federal banking system in its Semiannual Risk Perspective for Fall 2023.

US Financial Stability Oversight Council Meeting, Thursday, December 14

Date 07/12/2023

On Thursday, December 14, Secretary of the Treasury Janet L. Yellen will preside over a meeting of the Financial Stability Oversight Council (Council) at the Treasury Department. The meeting will consist of an executive session and a public session. The preliminary agenda for the executive session includes an update on the Council’s Nonbank Mortgage Servicing Task Force; an update on the Council’s Hedge Fund Working Group; an update on the Council’s Climate-related Financial Risk Committee; and an update on cybersecurity developments.* The preliminary agenda for the public session includes the Council’s 2023 annual report.

Closing Remarks – Compliance Conference, Dave A. Sanchez, Director, SEC Office Of Municipal Securities, Washington D.C., Dec. 7, 2023

Date 07/12/2023

Good afternoon, everyone:

I want to close out by thanking all our panelists and moderators for their time and effort and to everyone involved with putting on our compliance program this year. A lot of very important information was covered, and I hope it was helpful for everyone watching.

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.