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Piaba Report: To Protect Retirement Savers, “Major Surgery” Needed To Fix Shortcoming Of SEC “Best Interest Standard” Proposal - Attorney Group Outlines 15 Major Changes To SEC Rule Proposal to Ensure Conflicts Of Interest Adequately Disclosed, Investor Needs And Limits Are Recognized.
Date 07/08/2018
Unless the U.S. Securities and Exchange Commission (SEC) makes 15 major changes to its “Best Interest Standard” rule proposal, the Commission “will further perpetuate the status quo of allowing Wall Street brokerage firms and brokers to peddle high cost, conflict laden investments and investment strategies,” according to a new report from the Public Investors Arbitration Bar Association (PIABA).
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SEC Charges Cloud Communications Company And Two Senior Executives With Misleading Revenue Projections
Date 07/08/2018
The Securities and Exchange Commission today charged a cloud communications company and two executives with providing misleading quarterly revenue estimates. The company and executives agreed to pay over $1.9 million in penalties to settle the SEC’s charges.
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SIFMA Submits Comments To The SEC On Regulation Best Interest
Date 07/08/2018
SIFMA today responded to the Securities and Exchange Commission (SEC) request for comment on its proposed Regulation Best Interest (Reg BI), expressing support for the proposal and offering suggestions to ensure it most efficiently accomplishes its stated goal of protecting investors.
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Ontario Securities Commission Joins Global Network To Support Financial Innovation
Date 07/08/2018
The Ontario Securities Commission (OSC) has, in collaboration with 11 financial regulators and related organizations from around the world, today announced its participation in the Global Finance Innovation Network (GFIN), a new initiative that aims to help innovative firms seeking to operate in multiple countries. The network also aims to enhance information-sharing between financial services regulators on innovation-related topics.
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Borsa Italiana’s Monthly Update July 2018
Date 07/08/2018
Click here to download Borsa Italiana’s monthly update.
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MiFID II: ESMA Issues Latest Double Volume Cap Data
Date 07/08/2018
The European Securities and Markets Authority (ESMA) has updated today its public register with the latest set of double volume cap (DVC) data under the Markets in Financial Instruments Directive (MiFID II).
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Profits Of The Companies Listed At The Amman Stock Exchange For The First Half Of 2018 Increased By 23.5%
Date 07/08/2018
The Chief Executive Officer of the Amman Stock Exchange (ASE), Mr. Nader Azar, stated that the profits after taxes for the listed Companies at the ASE that provided their financial statements to the ASE increased to JD 462 million, compared with JD 374 million for the first half of 2018, which represents an increment by 23.5%.
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Borsa İstanbul Ordinary General Assembly Meeting Dated 31 August 2018 To Review Financial Year 2017
Date 07/08/2018
As per the decision of Borsa İstanbul Board of Directors dated 04.08.2018, shareholders of Borsa İstanbul A.Ş. are invited to attend the Annual Shareholders’ Meeting to be held on Friday, August 31, 2018, at 15.00 p.m. at “Borsa İstanbul A.Ş. Reşitpaşa Mah. Borsa İstanbul Cad. No: 4 34467 Sarıyer/İstanbul”. Details are available at http://www.borsaistanbul.com/en/investor-relations/general-assembly-meetings.
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FSB And Standard-Setting Bodies Consult On Effects Of Reforms On Incentives To Centrally Clear Over-The-Counter Derivatives
Date 07/08/2018
The Financial Stability Board (FSB), the Basel Committee on Banking Supervision (BCBS), the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published today a consultative document on Incentives to centrally clear over-the-counter (OTC) derivatives.
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Crypto Investment & Trading Platform Omniex Adds Former SEC And FDIC Chairs To Advisory Board - Further Expands Leadership Team With Ex-Thomson Reuters Capital Markets Head And KCG Counsel.
Date 07/08/2018
Omniex, the first-to-market, complete investment and trading platform for institutional investors to access crypto-assets, has appointed former Securities and Exchange Commission (SEC) Chairman Arthur Levitt and former Chair of the Federal Deposit Insurance Corporation (FDIC) Sheila Bair to its Board of Advisors. In addition, the firm has hired former Thomson Reuters and KCG executives to further accelerate global adoption of its market-ready platform already in use by early clients.
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