News Centre

CFTC: Federal Court Imposes Over $29 Million In Restitution And Penalties Against California And Colorado Residents For Binary Options And Forex Fraud, Registration Violations, And Failure To Comply With Commodity Pool Operator Regulations

Date 15/07/2022

The Commodity Futures Trading Commission today announced the U.S. District Court for the Eastern District of California entered an order granting the CFTC’s motion for entry of default judgment against California-based John D. Black and his affiliated entities Financial Tree (d/b/a Financial Tree Trust); Financial Solution Group (d/b/a Financial Solution Group Trust); and New Money Advisors, LLC; and his associates Christopher Mancuso and Joseph Tufo; as well as Colorado-based John P. Glenn and his law firm, The Law Firm of John Glenn, P.C. The order finds they are liable for solicitation fraud in connection with binary options and retail foreign currency (forex) transactions, fraud by commodity pool operators (CPOs) and associated persons (APs), multiple CFTC registration violations, and failure to comply with CPO regulations.

Nadex Temporarily Amends Binary Contracts Strike Width

Date 15/07/2022

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and Section 40.6(d) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) hereby provides notice that due to increased or decreased volatility, as the case may be, in the underlying markets upon which the Nadex contracts are based, Nadex made changes to the strike widths of various contracts during the week of July 11, 2022 as indicated in the Weekly Notice.

Market Data: Competing Consolidators Without CT-Plan - By Kelvin To, Founder And President Of Data Boiler Technologies

Date 15/07/2022

The US Court of Appeals struck down the SEC’s CT-Plan on July 5, 2022. Without the CT-Plan to “outsource” certain SEC authority to the operating committee (2/3 SROs and 1/3 Non-SROs), how will Market Data Reform likely evolve? The Self-Regulatory Organizations (SROs), including FINRA, have stated their willingness to provide part of the expanded data under the Market Data Infrastructure Rules (MDIR). Their Odd-Lot proposal for the Securities Information Processor (SIP) may be a curve ball to the SEC. How should the SEC and market participants react or respond?

NYSE Member Firms Report First Quarter Results

Date 15/07/2022

New York Stock Exchange member firms that conduct business with the public reported a first-quarter 2022 after-tax profit of approximately $7.7 billion and revenues of approximately $53 billion, compared with approximately $11.7 billion after-tax profit on revenues of about $62 billion in the first-quarter of 2021.

CFTC Commitments Of Traders Reports Update

Date 15/07/2022

The current reports for the week of July 11, 2022 are now available.

Statement On Departure Of SEC Commissioner Allison Herren Lee: Chair Gary Gensler, Commissioner Hester M. Peirce, Commissioner Caroline A. Crenshaw, Commissioner Mark T. Uyeda

Date 15/07/2022

We want to thank Allison Herren Lee for her tireless work and commitment to the Commission and its mission. Her years of public service have been marked by her humility, thoughtfulness, and dedication to investors and our markets. We have been fortunate to have her as a colleague.

CFTC Chairman Behnam To Participate In A Conversation At The Brookings Center On Regulation And Markets

Date 15/07/2022

BIS: Macro-Financial Stability Frameworks And External Financial Conditions - Report Submitted To The G20 Finance Ministers And Central Bank Governors

Date 15/07/2022

Economies around the world currently face the extraordinary challenge of dealing with surging inflation and tightening global financial conditions amid elevated financial vulnerabilities. This highlights the importance of a macro-financial stability framework (MFSF) designed to limit the emergence of those vulnerabilities and mitigate their consequences. The report outlines the key features of MFSFs that could durably safeguard macro-financial stability, with a particular emphasis on how to deal with the risks linked to ebbs and flows in global financial conditions. MFSFs combine monetary, fiscal and macroprudential policies with FX intervention and capital flow management measures within a holistic framework. The aim is to prevent the interaction of macroeconomic and financial forces from undermining macroeconomic and financial stability. This requires preventive macro-financial stability policies to ward off vulnerabilities and to build policy buffers in good times so that they can be drawn down in bad times. Relying on the full array of policies is essential to achieve a balanced approach and to avoid overburdening individual ones.

Nigerian Exchange Weekly Market Report For July 15th, 2022

Date 15/07/2022

It was a brief trading week as the Federal Government of Nigeria declared Monday 11th and Tuesday 12th July 2022 as Public Holidays to commemorate the Eid el-Kabir celebration.

SEC Awards Whistleblowers More Than $6 Million

Date 15/07/2022

The Securities and Exchange Commission today announced awards totaling more than $6 million to two whistleblowers who provided critical information and assistance in two separate covered actions.