News Centre

CFTC: Federal Court Orders Trading Firm And CEO To Pay More Than $2.5 Million For Fraudulent Bitcoin Ponzi Scheme

Date 18/10/2018

A New York federal court has ordered New York corporation Gelfman Blueprint, Inc. (GBI) and its Chief Executive Officer Nicholas Gelfman of Brooklyn, New York, to pay in total over $2.5 million in civil monetary penalties and restitution in what was the first anti-fraud enforcement action involving Bitcoin filed by the Commodity Futures Trading Commission (CFTC) (see CFTC Complaint and Press Release 7614-17). 

SEC Charges Lawyer And Her Husband In EB-5 Fraud - Defendants Allegedly Altered Evidence In Cover Up

Date 18/10/2018

The Securities and Exchange Commission today charged a California-based immigration attorney and her husband in a fraudulent scheme that generated millions of dollars of undisclosed compensation from foreign investors seeking permanent U.S. residency through the EB-5 Immigrant Investor Program.  

MIAX Options - Continuation Of Complex Derived Order Functionality Reactivation Plan

Date 18/10/2018

As previously announced in an earlier Alert, the MIAX Options Exchange is reactivating Complex Derived Order functionality.  Details for the remaining symbols are as follows: 

Effective for trading Friday, October 19, 2018

• All symbols beginning with "C, G, I and S" with the exception of GOOG, GOOGL and SPY
• All remaining Symbols will continue to have Complex Derived Orders disabled

SEC Launches New Strategic Hub For Innovation And Financial Technology

Date 18/10/2018

The U.S. Securities and Exchange Commission today announced the launch of the agency's Strategic Hub for Innovation and Financial Technology (FinHub).

Canadian Securities Regulators Publish Details Of Market Disruption Coordination Process

Date 18/10/2018

The Canadian Securities Administrators (CSA) today published Staff Notice 11-338 CSA Market Disruption Coordination Plan to inform market participants about the CSA’s coordination process to address a market disruption, including one that may stem from a large-scale cybersecurity incident.

Freightwaves Named FIA Innovator Of The Year

Date 18/10/2018

FIA announced today that Freightwaves has been named the FIA Innovator of the Year at FIA Expo. Freightwaves will receive more than $20,000 in marketing support, cash and other resources.

Moscow Exchange: More Than 20 Market Participants Sign On For Retail Investor Platform Marketplace

Date 18/10/2018

Moscow Exchange today signed a memorandum of cooperation with a wide range of Russian financial market participants aimed at undertaking joint activities to grow the retail investor platform Marketplace. The memorandum was concluded at the Finopolis conference in Sochi.

Council Of The European Union: European Council (Art. 50), 17/10/2018 - Brexit - State Of The Negotiations With The UK

Date 18/10/2018

Main results

At the European Council (Art. 50) working dinner on 17 October 2018, EU27 leaders reviewed the state of the negotiations with the UK.

Ahead of the meeting, Prime Minister Theresa May updated the leaders on the UK perspective of the negotiations.

EU27 leaders reaffirmed their full confidence in Michel Barnier as the negotiator and their determination to stay united. They also noted that, despite intensive negotiations, not enough progress has been achieved.

Don’t Chase The Needles: An Optimistic Assessment Of The Economic Outlook And Monetary Policy: Federal Reserve Vice Chairman For Supervision Randal K. Quarles At The Economic Club Of New York Luncheon, New York, New York

Date 18/10/2018

Thank you for having me. I very much appreciate the opportunity to speak to this distinguished group and look forward to my discussion with Greg Ip. Now almost exactly a year into my appointment as Vice Chairman for Supervision, I have, as might be expected, spoken publicly most often about banking and the financial system more generally. However, supervision and regulation are not all that I do at the Federal Reserve, and I welcome this opportunity to speak to another part of my day job, as a member of the Federal Open Market Committee (FOMC). Today I would like to offer my take on the economic outlook, which is optimistic, and explain how I view my optimism as consistent with the continued gradual pace of policy tightening that many Committee participants have projected. In particular, I will explain how my views on potential growth help shape my outlook, both for the economy and for the appropriate path of monetary policy. Relatedly, I will discuss the uncertainties that arise when a central element of the outlook--in this case, the potential capacity of the economy--is unknown and largely unobservable. Such uncertainty can complicate policymaking in even what appears to be a very healthy economy, providing a further argument for gradualism.

IOSCO Creates A Sustainable Finance Network Chaired By Erik Thedéen, Director General, Finansinspektionen.

Date 18/10/2018

The International Organization of Securities Commissions (IOSCO) decided today to create a Sustainable Finance Network (SFN).