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  • SEC FinHub Staff Statement On OCC Interpretation

    Date 21/09/2020

    The Securities and Exchange Commission Strategic Hub for Innovation and Financial Technology Staff (FinHub Staff) issues this statement on an interpretation published by the Office of the Comptroller of the Currency (OCC Interpretation) addressing the authority of national banks and federal savings associations to hold stablecoin reserves. The OCC has limited its Interpretation to holding reserves of a stablecoin associated with hosted wallets that is backed by a single fiat currency and redeemable by the holder of the stablecoin on a 1:1 basis for the underlying fiat currency upon submission of a redemption request to the issuer.

  • OCC Guidance Represents Progress For Stablecoins In US Financial System

    Date 21/09/2020

    Today’s newly issued guidance and commentary from the US Treasury’s Office of the Comptroller of the Currency (OCC) represents significant progress for the advancement of digital dollar stablecoins in the US financial system. As an issuer of USD Coin (USDC), the guidance validates the approach we have taken in building a resilient, powerful and open standard for the use of digital dollars on the internet.

  • Federally Chartered Banks And Thrifts May Engage In Certain Stablecoin Activities

    Date 21/09/2020

    The Office of the Comptroller of the Currency (OCC) today published a letter clarifying national banks' and federal savings associations' authority to hold "reserves" on behalf of customers who issue certain stablecoins.

  • SEC Charges Index Manager And Friend With Insider Trading

    Date 21/09/2020

    The Securities and Exchange Commission today charged Yinghang “James” Yang, a senior index manager at a globally recognized index provider, and his friend Yuanbiao Chen, a manager at a sushi restaurant, with perpetrating an insider-trading scheme that generated more than $900,000 in illegal profits.


  • OCC Announces Settlements With Three Former Senior Wells Fargo Bank Executives

    Date 21/09/2020

    The Office of the Comptroller of the Currency (OCC) today announced settlements with three former senior executives of Wells Fargo Bank, N.A., Sioux Falls, South Dakota, for their roles in the bank’s systemic sales practices misconduct.

  • IIROC Annual Report Charts Progress Made To Protect Investors And Support Industry Transformation

    Date 21/09/2020

    The Investment Industry Regulatory Organization of Canada (IIROC) today released its Annual Report for 2019-2020, highlighting how the public interest regulator is delivering value for Canadians and the financial system, protecting investors and supporting industry transformation.


  • FINRA Executive Vice President Michael Rufino Announces Departure

    Date 21/09/2020

    FINRA announced today that Michael Rufino will leave the organization at the end of this year after more than 32 years of dedicated service protecting investors and ensuring market integrity. Rufino most recently served as Head of Member Regulation (Sales Practice), where he guided and oversaw FINRA’s Sales Practice Examination, Risk Monitoring and Membership Application Programs in 14 District offices.

  • Nadex Refrains From Listing 5-Minute Contracts

    Date 21/09/2020

    Due to technical issues and pursuant to the authority granted in Nadex Rule 12.1(i), Nadex did not list its Intraday 5-Minute Binary contracts at the opening of trade date September 21, 2020.  The issue was corrected and the 5-Minute contracts were listed beginning with the 7:20pm ET expiration time on trade date September 21, 2020.

  • Cboe Global Markets Announces Date Of Third-Quarter 2020 Earnings Release And Conference Call

    Date 21/09/2020

    Cboe Global Markets, Inc. (Cboe: CBOE), a market operator and global trading solutions provider, today said it will announce its financial results for the third quarter of 2020 before the market opens on Friday, October 30, 2020. A conference call with remarks by the company's senior management will begin at 7:30 a.m. Central Time (CT), 8:30 a.m. Eastern Time (ET).

  • SEC Charges Ponzi Scheme Targeting U.S. Military Service Members

    Date 21/09/2020

    The Securities and Exchange Commission today announced settled charges against a Colorado man for defrauding investors, including cadets at the U.S. Air Force Academy.