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  • CFTC Orders Two California Precious Metals Companies To Pay Over $1 Million For Fraud, Illegal Offering Of Retail Commodity Transactions, And Registration Violations

    Date 22/09/2022

    The Commodity Futures Trading Commission today issued an order filing and simultaneously settling charges against Goldline, Inc. (Goldline) and A-Mark Precious Metals, Inc. (A-Mark), both California companies, for fraud in connection with off-exchange retail commodity transactions; failing to register as a Futures Commission Merchant (FCM); and engaging in illegal off-exchange retail commodity transactions. The order requires Goldline and A-Mark to disgorge $627,801.78; pay, jointly and severally, a $450,000 civil monetary penalty; and to cease and desist from further violations of the Commodity Exchange Act (CEA) and CFTC regulations, as charged.

  • Nasdaq To Hold Third Quarter 2022 Investor Conference Call

    Date 22/09/2022

    Nasdaq (Nasdaq: NDAQ) has scheduled its Third Quarter 2022 financial results announcement.

  • ESMA Consults On CCP Business Reorganisation Plans

    Date 22/09/2022

    The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, today published a consultation paper seeking views on proposed rules for Central Counterparties’ (CCPs) business reorganisation plans. The proposed rules are part of the CCPs resolution regime under the CCPRRR.

  • Office Of Financial Research Updates Research On Banks’ Counterparty Choices

    Date 22/09/2022

    Today, the OFR updated a working paper examining whether banks’ counterparty choices in over-the-counter derivative markets contribute to network fragility.  The authors found that banks have a greater propensity to choose densely connected nonbank counterparties, particularly riskier ones, suggesting the existence of “moral hazard behavior” in network formations.  Finally, the working paper shows how these exposures are correlated with systemic risk measures despite greater regulatory oversight after the 2008 financial crisis.

  • EEX Group And IncubEx Extend Cooperation To Further Develop Global Environmental Markets

    Date 22/09/2022

    EEX Group and IncubEx announced today a new cooperation agreement, extending their collaboration to grow and expand listed environmental markets on EEX and Nodal Exchange.