News Centre

Victims Of New York Ponzi Scheme Recover Over $1 Billion Following CFTC Enforcement Action

Date 11/09/2020

The Commodity Futures Trading Commission today announced that, pursuant an order entered on Monday, August 24, 2020 by the U.S. District Court for the Southern District of New York, the court-appointed receiver has completed a final distribution to victims in a $1.3 billion Ponzi scheme case brought by the CFTC in 2009. [See CFTC Press Release No. 5621-09] Specifically, the distribution pertains to customers in a commodity pool operated by defendants Paul Greenwood and Stephen Walsh, who, among other defendants, were charged in the case. The court-appointed receiver for this matter is Robb Evans & Associates LLC.

SEC Issues Agenda For September 16 Meeting Of The Asset Management Advisory Committee

Date 11/09/2020

The Securities and Exchange Commission today released the agenda for the September 16, 2020, meeting of the Asset Management Advisory Committee (AMAC).  AMAC was formed to provide the Commission with diverse perspectives on asset management and related advice and recommendations.

Nigerian Stock Exchange Employees Support The Fight Against COVID-19 With Mask Donation

Date 11/09/2020

As more socioeconomic activities open in Lagos State, there is a growing call for increased vigilance in preventing the spread of the COVID-19 coronavirus. It is in light of this that The Nigerian Stock Exchange (NSE or The Exchange) donated over 3,000 face masks to transport workers, teachers and artisans.

SEC Announces Final Distribution In WG Trading Investment Fraud, Totaling Over $1 Billion Returned To Harmed Investors

Date 11/09/2020

The Securities and Exchange Commission today announced that the court-appointed receiver has begun the final distribution to investors in connection with the SEC's action against defendants Paul Greenwood, Steven Walsh, and their affiliated WG Trading entities. Upon completion of this final distribution, over $1 billion will have been returned to affected investors, representing 100% of their net principal investments.

Statement Of The UK Coordination Group And The Leaders Of The Political Groups Of The European Parliament

Date 11/09/2020

The UKCG and the EP political group leaders issued the following statement after meeting with Chief EU Negotiator Michel Barnier and Joint Committee Co-Chair Maroš Šefčovič, on Friday.

Nigerian Stock Exchange Weekly Market Report For September 11th 2020

Date 11/09/2020

A total turnover of 1.226 billion shares worth N10.842 billion in 19,529 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 2.209 billion shares valued at N10.957 billion that exchanged hands last week in 18,013 deals.

BIS: Basel Committee And Canada Reimagine The 2020 International Conference Of Banking Supervisors

Date 11/09/2020

• International Conference of Banking Supervisors will be held virtually for the first time
• Future of banking supervision key theme of next month's conference
• Event brings together senior central bankers and bank supervisors from more than 100 countries

LuxSE Welcomes Saxo Bank As Trading Member

Date 11/09/2020

The Danish fintech leader Saxo Bank A/S and the Luxembourg Stock Exchange (LuxSE) today celebrated Saxo Bank’s new status as a Trading Member of LuxSE.

BETTER FINANCE: European Regulator Is Flexing Its Muscles To Tackle “Closet Indexing”

Date 11/09/2020

On 10 October 2014, BETTER FINANCE wrote to ESMA to ask for an investigation into the issue of falsely “active” funds, a practice also known as “closet indexing”. Today, it praises ESMA for its considerable efforts towards addressing the issue.

Bank Of England Minutes Of The London FXJSC Operations Sub-Committee Meeting – 13 May 2020

Date 11/09/2020

The Bank of England chairs the London Foreign Exchange Joint Standing Committee (FXJSC) Operations Sub-Committee. The FXJSC is made up of market participants, infrastructure providers and the UK financial regulators.