News Centre

SEC Obtains Emergency Relief Against Long Island Investment Adviser And Firm Charged With Fraud

Date 27/03/2023

The Securities and Exchange Commission today charged former broker Surage Kamal Roshan Perera and his firm, Janues Capital Incorporated, with defrauding at least one investor out of millions by lying about investment opportunities and strategies, concealing trading losses, and using funds received from others to give the victim the promised returns in Ponzi-like fashion. The SEC has obtained emergency relief in court, including a temporary restraining order and an asset freeze.

Implementation And Transmission Of Monetary Policy, Federal Reserve Governor Philip N. Jefferson, At The H. Parker Willis Lecture, Washington And Lee University, Lexington, Virginia

Date 27/03/2023

Thank you very much for inviting me to be part of the H. Parker Willis Lecture Series. As you know, Dr. Willis was a distinguished professor here at Washington and Lee University. Among many other accomplishments, he helped create the Federal Reserve System. He served as the first secretary to the Federal Reserve Board from 1914 to 1918 and later as the first research director.

SIFMA Welcomes The Introduction Of E-delivery Legislation

Date 27/03/2023

SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr. on the introduction of legislation, the “Improving Disclosure for Investors Act of 2023,” that would direct the SEC to promulgate rules that would expand access to electronic delivery of certain required financial disclosures:

ISDA derivatiViews: The Final LIBOR Hurdle

Date 27/03/2023

It’s now less than 100 days until the final five US dollar LIBOR settings cease to be published on a representative basis, triggering the final switch to alternative reference rates for the remaining US-dollar-LIBOR-linked contracts. Given the scale of this phase of the transition, it’s critical that firms take the remaining time to ensure they understand and prepare for all the technical issues related to the switch for both cleared and non-cleared derivatives. For those that still have outstanding US dollar LIBOR derivatives, it’s not too late – but we would urge firms to act now.

More Financial Advisors In Ontario To Have Their Credentials Officially Approved - The New Self-Regulatory Organization Of Canada Expresses Intent To Become Credentialing Body

Date 27/03/2023

The Financial Services Regulatory Authority of Ontario (FSRA) and the New Self-Regulatory Organization of Canada (New SRO) are working on how the New SRO can become a credentialing body for financial advisors under FSRA’s Financial Professionals Title Protection Framework.

MIAX Exchange Group - Holiday Schedule - Good Friday 2023

Date 27/03/2023

Please be advised MIAX Options, MIAX Pearl Options, MIAX Emerald Options and MIAX Pearl Equities Exchanges will be closed on Friday, April 7, 2023 in observance of Good Friday.  Weekly Options Expiration for the week ending Friday, April 7, 2023 will take place on Thursday, April 6, 2023.

Bank Oversight, Federal Reserve Vice Chair For Supervision Michael S. Barr, Before The U.S. Senate Committee On Banking, Housing, And Urban Affairs, Washington, D.C.

Date 27/03/2023

Chairman Brown, Ranking Member Scott, and other members of the Committee, thank you for the opportunity to testify today on the Federal Reserve's supervisory and regulatory oversight of Silicon Valley Bank (SVB).

CFTC Chairman Behnam To Testify Before The House Committee On Appropriations

Date 27/03/2023

CFTC Charges Binance And Its Founder, Changpeng Zhao, With Willful Evasion Of Federal Law And Operating An Illegal Digital Asset Derivatives Exchange

Date 27/03/2023

The Commodity Futures Trading Commission today announced it has filed a civil enforcement action in the U.S. District Court for the Northern District of Illinois charging Changpeng Zhao and three entities that operate the Binance platform with numerous violations of the Commodity Exchange Act (CEA) and CFTC regulations. The complaint also charges Samuel Lim, Binance’s former chief compliance officer, with aiding and abetting Binance’s violations.

Binance Volume Plummets After End Of Zero-Fee Trading - Kaiko Research: Data Debrief

Date 27/03/2023

Welcome to the Data Debrief! Bitcoin continues to trade at 9-month highs after the Fed hiked rates by a quarter percentage point, suggesting increases are nearing an end. Crypto markets largely ignored news that Coinbase was served a Wells notice, the SEC charged Justin Sun with market manipulation, and Sushi received a subpoena from the SEC.