News Centre

CFTC Commissioner Berkovitz To Speak At Princeton University

Date 02/04/2019

Office Of The Comptroller Of The Currency Releases CRA Evaluations For 25 National Banks And Federal Savings

Date 02/04/2019

The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of March 1, 2019 through March 31, 2019.  The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings.  The possible ratings are outstanding, satisfactory, needs to improve, and substantial noncompliance.

CFTC Commissioner Quintenz To Participate In Panel at Eurofi High Level Seminar 2019

Date 02/04/2019

IIROC-Regulated Investment Firms Increase Cybersecurity Preparedness - Survey Results Show Improvement In Training, Incidence Response Plans And Third-Party Risk Assessment

Date 02/04/2019

Canadian investment firms have taken concrete steps to put in place appropriate cybersecurity measures to manage threats and protect their clients and businesses, according to a survey completed by all firms regulated by the Investment Industry Regulatory Organization of Canada (IIROC).

SIFMA Supports The SECURE Act Of 2019

Date 02/04/2019

SIFMA today issued the following statement from President and CEO Kenneth E. Bentsen, Jr. on H.R. 1994, the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019:

“The American retirement system has helped millions of Americans prepare for a secure retirement. The SECURE Act will help even more Americans realize this benefit. SIFMA believes this legislation takes important steps toward enhancing the private retirement system and increasing retirement savings, including commonsense provisions with bipartisan support that would encourage small businesses to offer retirement savings plans and encourage individuals to utilize the options that are available to enjoy retirement security. SIFMA supports such policies, which will expand the availability of employer-sponsored savings plans, offer encouragement for employees to participate in a plan, and expand the use of critical tax incentives."

SEC Charges Former CEO Of Silicon Valley Startup With Defrauding Investors

Date 02/04/2019

The Securities and Exchange Commission today charged the founder and former chief executive of a Silicon Valley startup with defrauding investors in Jumio Inc., a private mobile payments company. The former CEO, Daniel Mattes, agreed to pay more than $17 million to settle the charges. 

CFTC: Federal Court Orders Defendants To Pay More Than $2.7 Million In Connection With Commodity Pool Fraud

Date 02/04/2019

The Commodity Futures Trading Commission (CFTC) announced today that defendants Thomas Lanzana (dba Unique Forex), who formerly resided in Pawleys Island, South Carolina, and his company Blackbox Pulse, LLC of North Bergen, New Jersey, along with Nikolay Masanko and his company, White Cloud Mountain, LLC of St. Augustine, Florida, have been permanently enjoined from engaging in conduct that violates the Commodity Exchange Act (CEA). Additionally, they have been ordered to pay $762,807.24 in restitution, as well as a civil monetary penalty of $1.95 million in connection with a commodity pool fraud investment scheme involving retail off-exchange foreign currency (forex). 

SIX: Extraordinary Indices Adjustments

Date 02/04/2019

Following the spin-off of Alcon AG from Novartis AG, SIX will carry out an extraordinary adjustment to the index composition of SMI®, SLI®, SPI®, SXI Special Industry indices and sub-indices. The affected indices will be adjusted on 9 April 2019 and 10 April 2019.

Brown Rudnick Alert - Brexit Delayed As UK Parliament Fails To Reach Agreement On Future Relationship With The EU, Authors: Mark Dorff, Tom Braiden And Nick Davies - Definition Of EU “Exit Day” Changed In UK Law As UK Parliament Seeks To Reach Agreement On The Nature Of Brexit And The UK’s Future Relationship With The EU

Date 02/04/2019

On 27 March 2019, the UK Parliament voted to postpone the day that the UK will leave the EU (the “Exit Day”) beyond 29 March 2019 as UK members of Parliament (“MPs”) approved a change to the definition of Exit Day in the European Union (Withdrawal) Act 2018 following UK talks with the EU. The Exit Day would have been delayed until 22 May 2019 at 11pm in the event that the UK government’s Brexit deal (the “Withdrawal Agreement”) was approved by Parliament by 29 March 2019. However, the Withdrawal Agreement was rejected for a third time by MPs by 58 votes on 29 March 2019, meaning that the Exit Day has been delayed until 12 April 2019 at 11pm.

MOEX Joins United Nations Sustainable Stock Exchanges Initiative To Deepen ESG Commitment

Date 02/04/2019

Moscow Exchange (MOEX) announced today it has become the latest Partner Exchange of the United Nations Sustainable Stock Exchanges (SSE) initiative, joining other securities exchanges in a commitment to elevating sustainability practices.