News Centre

SEC Charges Terraform And CEO Do Kwon With Defrauding Investors In Crypto Schemes

Date 16/02/2023

The Securities and Exchange Commission today charged Singapore-based Terraform Labs PTE Ltd and Do Hyeong Kwon with orchestrating a multi-billion dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities.

CFTC Orders The Options Clearing Corporation To Pay A $5 Million Penalty For Violations Of Core Principles And Regulations Related To Operational Risk Management - Second CFTC Action For Core Principle Violations

Date 16/02/2023

The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against The Options Clearing Corporation (OCC), a Chicago-based CFTC-registered derivatives clearing organization (DCO). The order finds the respondent failed to establish, implement, maintain and enforce certain policies and procedures reasonably designed to manage the operational risks related to its automated systems in violation of the Commodity Exchange Act (CEA) and related CFTC regulations.  

SEC Charges Options Clearing Corporation With Rule Failures

Date 16/02/2023

The Securities and Exchange Commission today announced that The Options Clearing Corporation (OCC) will undertake remedial efforts and pay $17 million in penalties to settle charges that it failed to comply with its SEC-approved Stress Testing and Clearing Fund Methodology rule during certain times between October 2019 and May 2021.

TMX Group Completes Acquisition Of Sigmalogic, Owner Of LOGICLY - Deal Enhances TMX Datalinx Client Service Capabilities And Advances TMX Group's Information Business Strategy

Date 16/02/2023

TMX Group Limited (TMX) today announced that it has acquired SigmaLogic, Inc., (SigmaLogic), owner of LOGICLY (formerly ETFLogic), a U.S.-based fintech firm specializing in providing advanced analytics and portfolio tools to the wealth management industry and investment fund manufacturers. This acquisition follows TMX's minority investment in February 2022, and the launch of TMX LOGICLY, a collaboration between TMX Datalinx and ETFLogic, in January 2021. The transaction closed February 16, 2023.

Remarks By US Assistant Secretary For Economic Policy Ben Harris At The Argus Americas Crude Summit In Houston, Texas

Date 16/02/2023

Original Motivations for Price Cap Policy

Thank you for having me here today. I will begin by discussing the motivations for the price cap. 

Statement Of CFTC Commissioner Kristin N. Johnson Regarding Fraud And Misappropriation By A Digital Asset Ponzi Scheme

Date 16/02/2023

The Commodity Futures Trading Commission (CFTC) today filed a complaint against Armen Temurian and Vista Network Technologies (Defendants), in the U.S. District Court for the Eastern District of New York.  The complaint alleges that Defendants lured investors into their fraudulent digital asset scheme by promising to trade the Bitcoin and Ether that investors deposited and ensure a daily 2.5% return.  These fraudsters also promised that investments would “double in value within eighty days.”  Once more and again, false promises, fake investments, and disturbing losses suffered by unsuspecting investors.

US Treasury Releases Financial Report Of The U.S. Government

Date 16/02/2023

The U.S. Department of the Treasury, in consultation with the Office of Management and Budget, released the fiscal year 2022 (FY 2022) Financial Report of the U.S. Government today. The report presents the government’s current financial position and condition and discusses key financial topics and trends.

ICE Announces Record Trading And Participation Across North American Environmental Markets With Strong Growth In Renewable Energy Markets

Date 16/02/2023

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced record volume and participation in its North American environmental markets, with a record 270 companies trading last year.

CFTC Charges California-Based Company And Its CEO With Fraudulent Solicitation And Misappropriation Of Digital Asset Commodities

Date 16/02/2023

The Commodity Futures Trading Commission announced today it has charged Vista Network Technologies (Vista), a California-based company, and its CEO, Armen Temurian (Temurian), with fraudulent solicitation and misappropriation of customers’ digital asset commodities. In the complaint, filed in the U.S. District Court for the Eastern District of New York, the CFTC alleges the defendants fraudulently solicited over $7 million worth of bitcoin and ether from customers. The complaint also alleges the defendants misappropriated a portion of these assets in a Ponzi-like scheme.

ISDA Highlights A Selection Of Research Papers On Derivatives And Risk Management

Date 16/02/2023

The Impact of Derivatives Collateralization on Liquidity Risk: Evidence from the Investment Fund Sector

European Central Bank Working Paper Series
By Audrius Jukonis, Elisa Letizia and Linda Rousová