News Centre

2017-2018 IIROC Annual Report Details Progress On Strategic Plan, Enforcement Tools And Regulatory Activities

Date 29/08/2018

The Investment Industry Regulatory Organization of Canada (IIROC) today released its Annual Report for 2017-18, highlighting the national public interest regulator's progress in year two of its three-year Strategic Plan, the goal of which is to better protect investors and support healthy Canadian capital markets.

Statement Of CFTC Commissioner Rostin Behnam On The Confirmation Of Dawn Stump And Dan Berkovitz As CFTC Commissioners

Date 29/08/2018

CFTC Commissioner Rostin Behnam issued the following statement regarding the Confirmation of Dawn Stump and Dan Berkovitz:

“I am so pleased to have Dawn and Dan Berkovitz coming on board.  Both commissioners bring with them a wealth of knowledge that will be invaluable to our oversight of the American derivatives markets.  I look forward to collaborating with all of my fellow commissioners as we work to advance the Commission’s mission.”

CalPERS CEO Marcie Frost Names Michael Cohen New Chief Financial Officer

Date 29/08/2018

CalPERS today named Michael Cohen its new chief financial officer (CFO) to oversee all financial systems and risk programs of the $362 billion pension fund.

SIFMA Statement On Confirmation Of CFTC Commissioners

Date 29/08/2018

SIFMA today released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, on the Senate confirmation of Commodity Futures Trading Commissioners Dawn Stump and Dan M. Berkovitz:

“We congratulate Dawn Stump and Dan Berkovitz on their Senate confirmation to the CFTC.  We look forward to working with them on issues of importance that will ensure our financial system continues to operate effectively to help stimulate the economy and promote job growth.”

CFTC Orders BNP Paribas To Pay $90 Million Penalty For Attempted Manipulation And False Reporting Of U.S. Dollar ISDAFIX Benchmark Swap Rates

Date 29/08/2018

The Commodity Futures Trading Commission (CFTC) issued an Order today filing and settling charges against BNP Paribas Securities Corp. (BNP Paribas or the Bank) for attempted manipulation of the ISDAFIX benchmark and requiring BNP Paribas to pay a $90 million civil monetary penalty.  BNP Paribas’ principal office is located in New York, New York.

BOX Exchange: Amendment To The Options Listing Procedures Plan

Date 29/08/2018

On August 15, 2018, BOX Exchange LLC (“BOX”) filed to amend its rules to conform to the recently approved changes to the Options Listed Procedures Plan (“OLPP”). Among other things, the rule filing: 

1. Changed the earliest date on which new January Long-term Equity Anticipation (“LEAP”) series on equity options, options on Exchange Traded Funds (“ETF”), or operations on Trust Issued Receipts (“TIR”) may be added to a single date in September (from three separate months);  
2. Allows equity, ETF and TIP option series to be added based on trading after regular hours on the primary underlying market.  

The Updated Coefficients For Moscow Exchange Indices To Come Into Force

Date 29/08/2018

The following coefficients for Moscow Exchange indices come into force from August 30, 2018:

The Amman Stock Exchange Issued Guidance On Sustainability Reporting

Date 29/08/2018

In the aim of raising the awareness among listed companies at the Amman Stock Exchange (ASE) about the importance of sustainability and its benefits that will refer to all the relevant parties, and guiding the listed companies on the steps that follow the disclosure of sustainability reporting  for the performance as well as encouraging the listed companies to issue a sustainability report periodically, the ASE issued a guidance on sustainability reporting in both languages Arabic and English, which includes guiding steps for the listed public shareholding companies on sustainability reporting and the information to be included in the guidance, in addition to the importance of sustainability and how the listed companies disclose their sustainability performance and reports besides the most important measures of sustainability with the international standards in this domain.

SEC Charges Florida Cash Advance Company, Former CEO With Defrauding Retail Investors

Date 29/08/2018

The Securities and Exchange Commission today announced charges against 1 Global Capital LLC and its former chief executive officer for allegedly defrauding at least 3,400 retail investors, more than one-third of whom invested their retirement funds. The Florida-based cash advance company and former CEO Carl Ruderman allegedly fraudulently raised more than $287 million since 2014 in unregistered securities sold through a network that included barred brokers.

Brown Rudnick Alert - UK Government Plans For No-Deal Brexit

Date 29/08/2018