News Centre

Three New Directors Join ISDA Board

Date 11/05/2023

ISDA has announced that three new directors have joined its Board and nine others have been re-elected at ISDA’s Annual General Meeting in Chicago.

CFTC Charges Commodity Pool Operator Tyche Asset Management LLC And Its Controlling Principal In A $6 Million Commodity Pool Ponzi Scheme - Charges Include Fraud, Co-Mingling Commodity Pool Funds, And Lying To The National Futures Association

Date 11/05/2023

The Commodity Futures Trading Commission today announced it filed a complaint in the U.S. District Court for the Northern District of Illinois against Chicago-based Tyche Asset Management, LLC, a registered commodity pool operator, Phillip Galles, its principal and registered associated person, as well as eight other Tyche entities Galles controlled. The complaint charges Galles and the Tyche entities with defrauding more than 50 people throughout the U.S. in a Ponzi-like scheme that received more than $6 million between approximately October 2019 and the present.

Cboe Global Markets Declares Second-Quarter 2023 Dividend

Date 11/05/2023

Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today announced its Board of Directors has declared a quarterly cash dividend of $0.50 per share of common stock for the second quarter of 2023. The second-quarter 2023 dividend is payable on June 15, 2023, to stockholders of record as of May 31, 2023.

ISDA AGM Studio: Tuvia Borok And Shilpa Bhandarkar - Benefits Of Digital Legal Documentation

Date 11/05/2023

ISDA’s general counsel, Katherine Tew Darras, talks about the benefits of digital legal documentation with Tuvia Borok, global head of policy and documentation, global banking and markets, Goldman Sachs, and Shilpa Bhandarkar, CEO, CreateiQ, Linklaters.

Coinbase To Participate In The Barclays Emerging Payments And FinTech Forum

Date 11/05/2023

Coinbase Global, Inc. announced today that Alesia Haas, Chief Financial Officer, will participate in a fireside chat at the Barclays Emerging Payments and FinTech Forum on Thursday, May 18, 2023 at 10:20 am ET / 7:20 am PT.

SEC: Dutch Medical Supplier Philips To Pay More Than $62 Million To Settle FCPA Charges

Date 11/05/2023

The Securities and Exchange Commission today announced that Amsterdam-based Koninklijke Philips N.V. will pay more than $62 million to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) with respect to conduct related to its sales of medical diagnostic equipment in China.

Coinbase To Participate In SVB MoffettNathanson’s Inaugural Technology, Media & Telecom Conference

Date 11/05/2023

Coinbase Global, Inc. announced today that Alesia Haas, Chief Financial Officer, will participate in a fireside chat at SVB MoffettNathanson’s Inaugural Technology, Media & Telecom Conference on Thursday, May 18, 2023 at 1:00 pm ET / 10:00 am PT.

ISDA Annual General Meeting, May 11, 2023, Chairman Remarks, Eric Litvack, ISDA Chairman

Date 11/05/2023

Good morning, everyone.

It’s great to be back in Chicago again, a city that is truly steeped in financial history. It’s here that the Chicago Board of Trade introduced the first standardized futures contracts in 1865, a big step on the path to the development of modern derivatives markets. It’s also here that the Chicago Butter and Egg Board, a forerunner of CME Group, was founded in 1898, reinforcing Chicago as a focal point for the trading and risk management of commodities.

Statement Of CFTC Commissioner Christy Goldsmith Romero In Support Of Enforcement Action Against Bank Of Nova Scotia For Widespread Use Of Whatsapp And Text Messaging To Evade Regulatory Oversight

Date 11/05/2023

I support this enforcement action against the Bank of Nova Scotia (“BNS”), headquartered in Canada, as another victory for holding banks accountable for their pervasive use of unauthorized communication methods, like Whatsapp and private texts, to avoid regulatory oversight.  After previously bringing enforcement actions that levied over $700 million in penalties against 11 Wall Street banks,[1] the Commission continues to send a zero tolerance message to banks who seek to evade regulatory oversight.  The CFTC continues to bring accountability in these cases in partnership with the Securities and Exchange Commission (“SEC”).

Acting US Comptroller Of The Currency Issues Statement In Support Of FDIC Notice Of Proposed Rulemaking On Special Assessments

Date 11/05/2023

Acting Comptroller of the Currency Michael J. Hsu today issued a statement in support of the Federal Deposit Insurance Corporation (FDIC) notice of proposed rulemaking on special assessments. The special assessment is intended to recover the losses to the Deposit Insurance Fund incurred by protecting the uninsured depositors of Silicon Valley Bank and Signature Bank following the U.S. government’s systemic risk determination in March 2023.