News Centre

The Auditor’s Responsibility For Fraud Detection, Paul Munter, SEC Acting Chief Accountant, Oct. 11, 2022

Date 11/10/2022

Introduction – The Impact of Fraud on Investors 

Fraud causes significant losses to investors each year. Frauds that affect issuers and their investors may involve asset misappropriation, financial reporting misconduct, or, more generally, corruption. The Association of Certified Fraud Examiners (“ACFE”) estimates that organizations lose 5% of revenue to fraud each year, an estimated loss of $4.7 trillion on a global scale.

US Treasury Announces Two Enforcement Actions For Over $24M And $29M Against Virtual Currency Exchange Bittrex, Inc. - Enforcement Actions By OFAC And FinCEN For Apparent Violations Of Sanctions And Anti-Money Laundering Obligations

Date 11/10/2022

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and Financial Crimes Enforcement Network (FinCEN) announced settlements for over $24 million and $29 million, respectively, with Bittrex, Inc. (Bittrex), a virtual currency exchange based in Bellevue, Washington. This is OFAC’s largest virtual currency enforcement action to date. 

MIAX Options Exchange - Experienced An MEI Connectivity Issue - All Systems Operating Normally

Date 11/10/2022

Please be advised that the MIAX Options Exchange experienced an MIAX Express Interface (MEI) connectivity issue at approximately 09:50:40 through 09:51:18.  MIAX is investigating the root cause.

Chronograph Announces Investment Led By Summit Partners - Leader In Private Markets Technology For Institutional Investors Plans To Leverage New Investment To Continue Product Expansion And Support Global Growth

Date 11/10/2022

Chronograph, a leading private markets technology company, today announced a 'Series X' funding round led by global growth equity investor Summit Partners. Existing investors Carlyle (NASDAQ: CG) and Nasdaq Ventures also participated in the round. The new investment will position Chronograph to further accelerate global growth and development of the company's robust portfolio monitoring, reporting, and analytics solutions.

FSB Chair Sets Out Ongoing Work To Strengthen Financial Resilience Amidst Growing Financial Stability Challenges

Date 11/10/2022

The Financial Stability Board (FSB) today published a letter from its Chair, Klaas Knot, to G20 Finance Ministers and Central Bank Governors ahead of their meeting on 12-13 October.

ACER Finds That EU Electricity Congestion Income Is Mainly Used To Maintain And Improve Cross-Zonal Capacities Or Is Saved For Future Use

Date 11/10/2022

The EU Agency for the Cooperation of Energy Regulators (ACER) publishes today its first monitoring report on the use of congestion income in 2021 (‘Report’).

FSB Proposes Framework For The International Regulation Of Crypto-Asset Activities

Date 11/10/2022

The Financial Stability Board (FSB) today published a proposed framework for the international regulation of crypto-asset activities. 

ESMA’S CCP Supervisory Committee Releases Strategic Objectives For 2023-2025 To Drive Supervisory Activities

Date 11/10/2022

ESMA’s CCP Supervisory Committee (CCP SC) today published strategic objectives, in line with ESMA’s overall strategy for the period 2023-2028 which was launched yesterday.

Euronext Announces Extended Maturities To 10 Years On The Total Return Future On The CAC 40® Index

Date 11/10/2022

Euronext announces the extension of the maturities available on the Total Return Future on the CAC 40® Index, commonly known as the “CAC 40® TRF”.

Strive Launches U.S. Semiconductor ETF, Tracking Solactive Index

Date 11/10/2022

The semiconductor industry faced a global shortage last year, making car manufacturers idle their production lines or – on the more creative side – utilize dummy chips in their production. That scenario confirmed how essential semiconductors are to many industries and to the economy. They are key components of electronic devices, enabling advances in computing, communications, healthcare, military defense, transportation, home appliances, and more. Demand for many of these products has increased, showcasing the great potential of the semiconductor industry. The sector has grown by more than 20% to around $600 billion in 2021 and is forecast to have an aggregate annual growth from 6 to 8 percent up to 2030, according to an analysis by McKinsey. The document shows that the result is a $1-trillion-dollar industry by the end of the decade. Envisaging this potential, Strive Asset Management has launched the Strive U.S. Semiconductors ETF, which tracks the Solactive United States Semiconductors 30 Capped Index.