News Centre

Greengage Announces Acquisition Of Consultancy Group Silver Lined Solutions - Strengthens Core IT Architecture And Delivers New Client-Focused Solutions

Date 19/04/2022

Greengage, a fully-integrated financial services group bridging traditional fiat currency banking services with the emerging digital asset sector, today announced its acquisition of Silver Lined Solutions Limited (SLS). SLS is one of the most highly rated Salesforce consultancy partners in the financial services space and has been actively engaged in building a differentiated core IT architecture for Greengage. Silver Lined Solutions will now be rebranded as Greengage Solutions Ltd (GGS). 

SEC: Atlanta-Based Pest Control Company, Former CFO Charged With Improper Earnings Management - Rollins Inc. Agrees To Pay $8 Million To Settle Accounting Violations

Date 18/04/2022

The Securities and Exchange Commission today announced that Rollins Inc. agreed to pay $8 million to settle charges that it engaged in improper accounting practices in order to boost its publicly-reported quarterly earnings per share (EPS) to meet research analysts’ consensus estimates.

SEC: Statement On Jury’s Verdict In Trial Of Edward S. Walczak, Gurbir S. Grewal, Director, Division Of Enforcement, April 18, 2022

Date 18/04/2022

After a five-day trial, a jury serving in the United States District Court for the Western District of Wisconsin found Edward S. Walczak liable for negligence-based securities fraud for misrepresenting to investors how he would manage risk in the Catalyst Hedged Futures Strategy Fund.

CFTC Swaps Report Update

Date 18/04/2022

Released: Weekly on Mondays at 3:30 p.m.

http://www.cftc.gov/MarketReports/SwapsReports/index.htm

SEC Charges Senior Executive Of Brazilian Company With Fraud

Date 18/04/2022

The Securities and Exchange Commission today announced charges against Fernando Passos, the former executive vice president of finance and investor relations of Brazilian reinsurance company IRB Brasil Resseguros S.A., for allegedly planting a false story with the media and disseminating false documents claiming that Berkshire Hathaway Inc. had recently made a substantial investment in IRB.

Remarks By US Deputy Secretary Of The Treasury Wally Adeyemo At The Peterson Institute For International Economics

Date 18/04/2022

Thank you so much to Adam and the Peterson Institute for International Economics for hosting me today. This week’s Spring Meetings of the IMF and World Bank come at a pivotal moment for the international financial system and the global economy. Russia’s brutal and unprovoked war in Ukraine has catalyzed the kind of coordinated and multilateral response not seen since the terrorist attacks of September 11. The multilateral coalition President Biden has helped assemble is animated by the idea that you cannot violate the sovereignty of another country and continue to enjoy the privileges of integration into the global economy—a position reflected in our swift and decisive actions to counter Russia’s aggression.

SEC Uncovers $194 Million Penny Stock Schemes That Spanned Three Continents - 16 Defendants Charged In International ‘Pump And Dump’ Plots

Date 18/04/2022

The Securities and Exchange Commission today announced charges against 16 defendants, located in the Bahamas, the British Virgin Islands, Bulgaria, Canada, the Cayman Islands, Monaco, Spain, Turkey, and the United Kingdom, for participating in multi-year fraudulent penny stock schemes that generated more than $194 million in illicit proceeds. The SEC investigations leading to these charges involved assistance from securities regulators and other law enforcement authorities in more than 20 countries and are associated, in part, with parallel criminal actions announced by the United States Attorney’s Office for the Southern District of New York.

US Department Of Justice: Former CFO Of Publicly Traded Brazilian Company Charged In Fraud Scheme

Date 18/04/2022

A superseding indictment was unsealed today in the Southern District of Iowa charging the former Chief Financial Officer (CFO) of publicly traded reinsurance company, IRB Brasil Resseguros SA, aka IRB Brasil RE (IRB), for fraudulently propping up its stock price by spreading false information that U.S. investment firm Berkshire Hathaway Inc. had invested in IRB.

Grading The Regulators And Homework For The Teachers: Remarks At Symposium On Private Firms: Reporting, Financing, And The Aggregate Economy At The University Of Chicago Booth School Of Business, SEC Commissioner Caroline A. Crenshaw, April 14, 2022

Date 18/04/2022

Thank you, Michael [Minnis]. I am humbled to be here today with such an impressive group of participants. The private markets and their role in the economy is an important topic and I’m glad to have this gathering of highly respected academics and industry participants thinking about the subject matter. I would also like to thank tonight’s host, the University of Chicago, whose faculty profoundly impact policy-making through their research and discussion. Before I get too far, let me make the standard disclosure that the views I express today are my own and do not necessarily reflect the views of the Commission or its staff.

IMF Executive Board Approves Establishment Of The Resilience And Sustainability Trust

Date 18/04/2022

• The Executive Board of the International Monetary Fund (IMF) approved the establishment of the Resilience and Sustainability Trust (RST) to help countries build resilience to external shocks and ensure sustainable growth, contributing to their long-term balance of payments stability.
• The RST will complement the IMF’s existing lending toolkit by focusing on longer-term structural challenges – including climate change and pandemic preparedness – that entail significant macroeconomic risks and where policy solutions have a strong global public good nature.
• About three quarters of the IMF’s membership will be eligible for longer-term affordable financing from the RST, including all low-income countries, all developing and vulnerable small states, and lower middle-income countries.