News Centre

US Department Of Justice: Former Financial Services Executive Pleads Guilty To Rigging Bids For Financial Instruments In Violation Of Antitrust Law - First Individual Defendant Pleads Guilty In Ongoing Pre-Release ADRs Investigation

Date 27/06/2019

Larry D. Meyers, the former head of the securities lending desk at Banca IMI Securities Corp., pleaded guilty to a criminal antitrust charge for his involvement in a bid-rigging conspiracy for certain financial instruments, the Department of Justice announced.

Dino Falaschetti Confirmed As Director Of The Office Of Financial Research

Date 27/06/2019

Dr. Dino Falaschetti today became the Director of the Office of Financial Research (OFR) after a swearing-in performed by Deputy Secretary of the Treasury Justin Muzinich. As Director, Falaschetti will lead the OFR in its mission to improve the quality, transparency, and accessibility of financial information and by providing analysis of threats to financial stability.

Federal Reserve Releases Results Of Comprehensive Capital Analysis And Review (CCAR)

Date 27/06/2019

The nation's largest banks have strong capital levels and virtually all are now meeting supervisory expectations for capital planning, the Federal Reserve Board on Thursday announced following its annual examination. As a result, the Board is not objecting to the capital plans of all 18 firms but is requiring one firm to address limited weaknesses identified from the test.

Overstock Digital Voting Series A-1 Preferred Stock OSTKO Begins Trading On ATS Operated By tZERO Subsidiary Pro Securities - OSTKO Is Now The Second Digital Security To Trade On PRO Securities ATS

Date 27/06/2019

tZERO, a technology company and global leader in blockchain innovation for capital markets, announced today that the Digital Voting Series A-1 Preferred Stock, OSTKO (formerly OSTKP), has begun live trading on the PRO Securities ATS, an SEC registered alternative trading system operated by PRO Securities, a tZERO subsidiary and a broker-dealer, and powered by tZERO’s new security token trading technology. OSTKO is the second digital security traded on the PRO Securities ATS, following the commencement of secondary resales among accredited investors of tZERO’s security tokens in January 2019.

Objection Of CFTC Commissioner Brian Quintenz To No-Action Relief from Certain Conditions Of The Floor Trader Provision

Date 27/06/2019

Today’s no-action letter brings to mind the old adage, “Anything worth doing, is worth doing right.” 

Ontario Securities Commission Publishes 2019-2020 Statement Of Priorities

Date 27/06/2019

The Ontario Securities Commission (OSC) today published its 2019-2020 Statement of Priorities, which sets out the 18 priority areas where the OSC intends to focus resources and actions over the coming fiscal year, as well as the expected outcomes.   

Statement Of CFTC Commissioner Dan M. Berkovitz In Support Of The Staff No Action Letter Regarding Floor Traders

Date 27/06/2019

I support today’s issuance by the Division of Swap Dealer and Intermediary Oversight of the letter entitled “No-Action Relief for Certain Conditions of the Floor Trader Provision.”  Since my first public statement as a CFTC Commissioner in November 2018, I have urged us to fix the floor trader provision in the swap dealer definition so that it can serve its intended purpose.

FIA Announces Fifth Annual Innovators Pavilion

Date 27/06/2019

CFTC Staff Issues No-Action Relief For Floor Traders Engaged In Swaps Activity

Date 27/06/2019

The Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) announced today that it will provide no-action relief to registered floor traders from compliance with certain conditions in a CFTC regulation related to the “swap dealer” definition. 

Ontario Securities Commission Takes Action To Reduce Burden For Investment Fund Managers

Date 27/06/2019

The Ontario Securities Commission announced today that it will no longer require investment fund managers of pooled funds to apply for approval to act as trustees. As registrants, investment fund managers are capable of acting as trustees and are already subject to a securities regulatory framework for safeguarding the assets of pooled funds.