News Centre

Hong Kong’s Securities and Futures Commission Proposes Margin Requirements For Non-Centrally Cleared OTC Derivatives

Date 19/06/2018

The Securities and Futures Commission (SFC) today launched a two-month consultation on proposals to impose margin requirements for non-centrally cleared over-the-counter (OTC) derivatives.

CoInvestor Launches Integration With Intelliflo’s ‘Intelligent Office’ Software

Date 19/06/2018

CoInvestor, the platform digitising alternative asset transactions for advisers, fund managers, and private investors, has integrated its technology with financial advice back-office software supplier Intelliflo’s ‘Intelligent Office’ (iO), to deliver an upgraded service to custome

FINRA Hearing Panel Bars Broker For Violating Terms Of His Suspension; Firm Expelled From FINRA Membership For Allowing Broker To Work While Suspended

Date 18/06/2018

FINRA announced today that a FINRA hearing panel permanently barred broker Bruce Martin Zipper of Miami, FL, for continuing to conduct firm business while serving a three-month suspension. The hearing panel also expelled his firm, Dakota Securities, from FINRA membership for not adequately supervising Zipper, allowing him to associate while suspended (and later while statutorily disqualified) and for falsifying books and records. The decision resolves charges brought by FINRA's Department of Enforcement in November 2017.

DFS Grants Virtual Currency License To Square, Inc.

Date 18/06/2018

Financial Services Superintendent Maria T. Vullo today announced that the New York State Department of Financial Services (DFS) has approved the application of Square, Inc., for a virtual currency license. Square currently holds a money-transmitter license from DFS.

The MiG Report - TSX, TSX Venture Exchange

Date 18/06/2018

SEC: Daniel J. Wadley Named As Regional Director Of Salt Lake Office

Date 18/06/2018

The Securities and Exchange Commission today named Daniel J. Wadley as Regional Director of its Salt Lake office.  Mr. Wadley succeeds Richard R. Best, whom the agency named Regional Director of its Atlanta office in January.

CFTC Orders Jpmorgan Chase Bank, N.A. To Pay $65 Million Penalty For Attempted Manipulation Of U.S. Dollar ISDAFIX Benchmark Swap Rates

Date 18/06/2018

The Commodity Futures Trading Commission (CFTC or Commission) today issued an Order filing and settling charges against JPMorgan Chase Bank, N.A. (JPMC) for attempted manipulation of the ISDAFIX benchmark and requiring JPMC to pay a $65 million civil monetary penalty.

Sydney Menefee Named Deputy Comptroller And Chief Accountant, Office Of The Comptroller Of The Currency

Date 18/06/2018

The Office of the Comptroller of the Currency (OCC) today announced the selection of Sydney Menefee to be the agency’s next Deputy Comptroller and Chief Accountant.

Europex Recommendations Ahead Of The Electricity Market Design Trilogues

Date 18/06/2018

Click here to download Europex'd recommendations ahead of the electricity market design trilogues, with a focus on the Electricity Regulation and Directive. We have provided them in the form of a four-column table, allowing comparison between the positions of the Commission, Parliament and Council on key topics, before stating our recommendations. In some instances we support the position of one of the institutions, in others we make more specific proposals.

Observations On Culture At Financial Institutions And The SEC, Chairman Jay Clayton, New York, NY, June 18, 2018

Date 18/06/2018

Thank you Bill [Dudley] for that kind introduction and for inviting me to speak today.[1] I’m planning to speak for fifteen or so minutes and to open the floor to questions.