Mondo Visione Worldwide Financial Markets Intelligence

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  • Compliance And Enforcement In Retail Credit And Financial Services - Address By ASIC Deputy Chair Sarah Court At The Australian Retail Credit Association Credit Summit, 16 November 2023

    Date 16/11/2023

    KEY POINTS

    • With an increasing number of consumers experiencing financial distress and difficulty due to cost-of-living pressures, ASIC is calling for lenders to take all necessary steps to avoid either causing or compounding these difficult circumstances through poor conduct.
    • ASIC has taken enforcement action in the credit sector and will continue to do so. We are particularly concerned where it appears to us that business models have been designed to avoid consumer credit protections.
    • Our focus on protecting vulnerable consumers and those in financial hardship will continue to guide our oversight of the design and distribution of credit and credit-like products.

  • CFTC: Federal Court Orders Illinois Man And His Entities To Pay Over $20 Million In Restitution And Penalties For Commodity Pool Ponzi Scheme

    Date 15/11/2023

    The Commodity Futures Trading Commission today announced the U.S. District Court for the Northern District of Illinois entered an order of final judgment against Chicago-based Phillip Galles and the various Tyche entities he controlled: Tyche Asset Management LLC, Tyche Master Fund Ltd, Tyche Asset Trade LLC, Tyche Offshore Fund Ltd., Tyche Onshore Fund LP, Tyche PML Master Fund Ltd., Tyche PML Onshore Fund LP, Tyche Onshore Fund GP LLC, and Tyche Asset Trade LLC.

  • Robinhood Markets, Inc. Reports October 2023 Operating Data

    Date 15/11/2023

    Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today reported selected monthly operating data for October 2023:

    • Net Cumulative Funded Accounts (NCFA) at the end of October were 23.3 million, up approximately 30 thousand from September 2023(1).

    • Assets Under Custody (AUC) at the end of October were $84.6 billion, down 2% from September 2023. Net Deposits were $1.0 billion in October, translating to a 14% annualized growth rate relative to September 2023 AUC. Over the last twelve months, Net Deposits were $16.7 billion, translating to an annual growth rate of 24% relative to October 2022 AUC.

    • Trading Volumes in October were higher for equities, options, and crypto compared to September 2023. Equity Notional Trading Volumes were $50.8 billion (up 15%). Options Contracts Traded were 96.6 million (up 11%). Crypto Notional Trading Volumes were $2.3 billion (up 92%).

    • Margin Balances at the end of October were $3.5 billion, down 3% from September 2023.

    • Cash Sweep Balances at the end of October were $13.9 billion, up $0.3 billion (2%) from the end of September 2023.

  • CFTC Commissioner Pham To Speak In Singapore on November 15-16

    Date 15/11/2023

    WHAT:

    Commissioner Caroline D. Pham will participate in a roundtable organized by The American Chamber of Commerce in Singapore and speak to the Milken Institute Young Leaders Circle.

    WHEN:

    Roundtable:
    Wednesday, November 15, 2023

    Speech:
    Thursday, Wednesday 16, 2023

    WHERE:

    Singapore

  • NGX Regulation Limited’s "EquipHER" Initiative For Women's Empowerment In Nigeria's Equity Market

    Date 15/11/2023

    In adherence to its role as a Self-Regulatory Organisation (SRO) committed to advancing market development and fostering a robust and sustainable equity market, NGX Regulation Limited (NGX RegCo) introduces "EquipHER." An initiative dedicated to empowering women and driving inclusive growth within Nigeria's Equity Market.