News Centre

NYSE Member Firms Report Third Quarter Results

Date 21/12/2020

New York Stock Exchange member firms that conduct business with the public reported a third-quarter 2020 after-tax profit of approximately $8 billion and revenues of approximately $48 billion, compared with approximately $5 billion after-tax profit on revenues of about $62 billion in the third-quarter of 2019.

CFTC Grants OneChicago LLC Request To Vacate DCM Designation

Date 21/12/2020

The Commodity Futures Trading Commission today issued an order vacating the designation of OneChicago LLC as a designated contract market (DCM). The order was issued at the request of OneChicago. The CFTC granted OneChicago its designation as a contract market on June 11, 2002.

IMF Executive Board Approves A US$ 177.96 Million In Emergency Assistance For Benin To Address The COVID-19 Pandemic

Date 21/12/2020

• The Executive Board of the IMF approved US$ 177.96 million in emergency assistance to Benin under the Rapid Financing Instrument (RFI) and the Rapid Credit Facility (RCF). Today’s disbursement supplements the augmentation of US$103.3 million approved under the ECF in May 2020.
• Weaker external demand and the deepening of the economic impact of the COVID-19 pandemic have worsened external and fiscal positions.
• Additional resources under the RCF/RFI will help scale up the government’s COVID-19 response and catalyze additional donor resources.
• The authorities have committed to further enhance the transparency of the COVID-19 spending, to ensure that the financing provided is spent on addressing the crisis.

SEC Names John Moses As Deputy Director Of Office Of Investor Education And Advocacy - Will Lead Efforts To Promote Agency’s Increased Focus On Financial Inclusion And Outreach To Underserved Communities

Date 21/12/2020

The Securities and Exchange Commission today named John Moses as Deputy Director of the SEC’s Office of Investor Education and Advocacy (OIEA).   

Market Participants Division Director Joshua B. Sterling To Depart CFTC In January

Date 21/12/2020

The Commodity Futures Trading Commission today announced that Market Participants Division (MPD) Director Joshua B. Sterling will depart the agency by the end of January 2021. Mr. Sterling has led MPD since joining the agency from private practice in August 2019.

NZX Appoints Chief Information Officer

Date 21/12/2020

NZX today announced the appointment of Robert Douglas to the company’s Senior Leadership Team as Chief Information Officer.

SEC Charges Company And CEO For $119 Million Securities Fraud Targeting Members Of The South Asian American Community

Date 21/12/2020

The Securities and Exchange Commission today announced that it filed an emergency action against California-based real estate development company SiliconSage Builders LLC, aka Silicon Sage Builders, and its sole owner, Sanjeev Acharya, in connection with an alleged $119 million fraudulent offering.

FINRA Sanctions Transamerica Financial Advisors, Inc. $8.8 Million For Supervisory Violations Related To Variable Annuities, Mutual Funds And 529 Plans - Firm Ordered To Pay $4.4 Million In Restitution To Approximately 2,400 Affected Customers

Date 21/12/2020

FINRA announced today that Transamerica Financial Advisors, Inc. (TFA) has agreed to pay approximately $4.4 million in restitution to approximately 2,400 customers for failing to supervise its registered representatives’ recommendations of three different products - variable annuities, mutual funds, and 529 plans. FINRA also fined TFA $4.4 million.

SIFMA Issues Checklist In The Event US Interest Rates Turn Negative

Date 21/12/2020

SIFMA today issued a white paper titled “U.S. Negative Interest Rates Policy Checklist.”  The checklist, which was co-authored by SIFMA and Ernst & Young LLP (EY), was developed to assist SIFMA and other market participants with planning for the potential of a negative interest rate policy in the U.S., accelerate readiness, and mitigate the risk of disruption to business activities and investors.

CFTC Staff Extends No-Action Relief For Shanghai Clearing House

Date 21/12/2020

The Commodity Futures Trading Commission’s Division of Clearing and Risk (DCR) today issued a no-action letter extending the relief originally provided to Shanghai Clearing House (SHCH) in CFTC Letter No. 16-56, which— pursuant to CFTC Letter No. 18-18— will expire on July 31, 2021. The extension ends the earlier of July 31, 2022 or the date on which the CFTC exempts SHCH from registration as a derivatives clearing organization (DCO).