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Statement On Proposed Rules On Funds' Use Of Derivatives, SEC Commissioner Robert J. Jackson Jr., SEC Commissioner Allison Herren Lee, Nov. 26, 2019

Date 26/11/2019

Yesterday the Commission proposed rules on funds’ use of derivatives to obtain leverage. Appropriate use of derivatives can produce benefits for investors, like better risk-adjusted returns or more efficient exposure to certain asset classes. But that same leverage also presents serious risks, magnifying losses for investors in times of turbulence. And the Commission’s historically piecemeal approach to these issues is insufficient given the growth in funds’ use of derivatives over the past several decades.
OCC: Moving Clearing, Data, And Risk Applications To The Cloud - By David Hoag, OCC Chief Information Officer And Mark Morrison, OCC Chief Information Security Officer, November 26, 2019

Date 26/11/2019

In January, OCC announced the launch of our Renaissance Initiative, a multi-year, $100 million-plus initiative to comprehensively redevelop and modernize our technology infrastructure, including risk management, clearing and data systems. When this work is completed, OCC will achieve enhanced resiliency, an improved security and compliance posture, and more effective and efficient operations. It also will allow OCC to function as a more nimble organization, delivering business capabilities to better serve the users of the U.S. equity derivatives market.
NYSE Group Consolidated Short Interest Report

Date 26/11/2019

NYSE today reported short interest as of the close of business on the settlement date of November 15, 2019.
SEC Revokes Registration Of Adviser Engaged In $60 Million Fraud

Date 26/11/2019

The Securities and Exchange Commission today revoked the registration of New York-based investment adviser International Investment Group LLC (IIG), which the Commission recently charged with securities fraud for hiding losses in its flagship hedge fund and selling at least $60 million in fake loan assets to clients.
Nasdaq Announces Mid-Month Open Short Interest Positions In Nasdaq Stocks As Of Settlement Date November 15, 2019

Date 26/11/2019

At the end of the settlement date of November 15, 2019, short interest in 2,391 Nasdaq Global Market^SM securities totaled 8,223,360,638 shares compared with 8,255,893,816 shares in 2,376 Global Market issues reported for the prior settlement date of October 31, 2019. The mid-November short interest represents 4.45 compared with 5.27 days for the prior reporting period.

Statement On The Re-Proposal To Regulate Funds' Use Of Derivatives As Well As Certain Sales Practices: SEC Commissioner Hester M. Peirce, SEC Commissioner Elad L. Roisman, Nov. 26, 2019

Date 26/11/2019

We thank the staff of the Division of Investment Management (the “Division”) for undertaking the challenging task of devising and presenting for Commission vote a proposal to modernize the way we regulate the use of derivatives in investment funds’ portfolios. Derivatives are essential financial tools in today’s markets. They enable portfolio managers of registered investment companies and business development companies (“funds”) to manage and hedge risk, enhance portfolio liquidity, efficiently gain or reduce exposure to certain asset classes, reduce transaction costs, reduce volatility, increase yield, and otherwise assist in portfolio management. If funds were prohibited from using derivatives, investors would incur higher costs and greater risks for the same market exposure.
Federal Reserve Review Of Monetary Policy Strategy, Tools, And Communications: Some Preliminary Views, Federal Reserve Governor Lael Brainard, At The Presentation Of The 2019 William F. Butler Award New York Association For Business Economics, New York, New York

Date 26/11/2019

It is a pleasure to be here with you. It is an honor to join the 45 outstanding economic researchers and practitioners who are past recipients of the William F. Butler Award. I want to express my deep appreciation to the New York Association for Business Economics (NYABE) and NYABE President Julia Coronado.
FSB: Regulatory Framework For Haircuts On Non-Centrally Cleared Securities Financing Transactions

Date 26/11/2019

This report was originally published on 12 November 2015. Updates were made on 19 July and 26 November 2019.
SEC Charges Biotech Company And Executives With Accounting Fraud

Date 26/11/2019

The Securities and Exchange Commission today charged Georgia-based biotech company MiMedx Group Inc. and three former top executives with defrauding investors by misstating the company’s revenue and attempting to cover up their misconduct. MiMedx has agreed to a settlement to resolve the claims.
CFTC Orders Goldman Sachs To Pay $1 Million For Recordkeeping Violations

Date 26/11/2019

The U.S. Commodity Futures Trading Commission today issued an order filing and simultaneously settling charges against Goldman Sachs & Co. LLC for failing to make and keep certain audio recordings as required under CFTC regulations for swap dealers.