News Centre

US Department Of Justice: Former CEO Of Israeli Company Sentenced To 22 Years In Prison For Orchestrating Major International Binary Options Fraud Scheme

Date 19/12/2019

The former CEO of the Israel-based company Yukom Communications, a purported sales and marketing company, was sentenced to 22 years in prison today for orchestrating a scheme to defraud investors who had purchased more than $100 million in financial instruments known as “binary options.”

B3: Ibovespa Breaks New Record And Reaches 115.131 Points

Date 19/12/2019

B3’s market performance index – Ibovespa – hit a record high today ending the day at 115.131 points, up 0,71% from last trading session. The previous Ibovespa record of 114.314 points was recorded on December 18th, 2019.

The Bermuda Stock Exchange Will Be Closed For The Festive Holidays

Date 19/12/2019

The Bermuda Stock Exchange (“BSX”) advises that the BSX will be closed during the Christmas period as follows:

• Wednesday, 25 December 2019 and Thursday, 26 December 2019, re-opening on Friday, 27 December 2019;
• Wednesday, 1 January 2020, re-opening on Thursday, 2 January 2020

Panthera Wins “Best Financial Service Provider - Europe” Award

Date 19/12/2019

This win indicates the academic literature realm of applied behavioural finance is becoming more mainstream for practitioners.

SEC Charges Recidivist Investment Adviser With Defrauding Retirees

Date 19/12/2019

The Securities and Exchange Commission today charged Sacramento, California-based investment adviser firm Springer Investment Management, Inc. dba Springer Financial Advisors (SFA) and owner Keith Springer with defrauding hundreds of retail clients, most of them in or close to retirement.

NZX Appoints Head Of Issuer Relationships

Date 19/12/2019

NZX today announced the appointment of Sarah Minhinnick to the company’s Senior Leadership Team as Head of Issuer Relationships.

SEC Announces Robert A. Marchman As Senior Policy Advisor On Diversity And Inclusion

Date 19/12/2019

The Securities and Exchange Commission today announced the appointment of Robert A. Marchman as Senior Policy Advisor on Diversity and Inclusion. In this newly created role within the SEC's Office of Minority and Women Inclusion (OMWI), Mr. Marchman will focus on working with Commission divisions, offices, and advisory committees to develop and implement strategies to promote diversity and inclusion, both within the SEC and through external engagement with agency partners and market participants. Mr. Marchman will also assist the agency's ongoing efforts to promote financial literacy and inclusion in underserved portions of the investor community.

New York Superintendent Of Financial Services Linda A. Lacewell Announces New York Is Chosen To Host Second Annual Meeting Of The Global Financial Innovation Network - Meeting Will Take Place March 30-31, 2020

Date 19/12/2019

Superintendent of Financial Services Linda A. Lacewell today announced that the Department of Financial Services (DFS) will host the 2nd annual meeting of the Global Financial Innovation Network (GFIN), a consortium of 50 international regulators and related organizations committed to putting consumers at the center of financial innovation.

SEC: Small Business Advocate Releases First Annual Report

Date 19/12/2019

The Securities and Exchange Commission’s Office of the Advocate for Small Business Capital Formation today released its inaugural Annual Report for Fiscal Year 2019. The report is available for download here.

CFTC Awards More Than $1 Million To Whistleblower

Date 19/12/2019

The U.S. Commodity Futures Trading Commission today announced it will award more than $1 million to a whistleblower whose tip helped expose a scheme that violated the Commodity Exchange Act (CEA) and eventually led to the CFTC filing charges. The individual first provided the information through their employer’s internal compliance program to another regulator and then subsequently provided that information directly to the CFTC.