News Centre

CFTC Orders Floor Broker Anuj C. Singhal To Pay $150,000 Penalty For Spoofing In Wheat Futures Market

Date 09/04/2018

The Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against Anuj C. Singhal, a Dallas, Texas resident and registered floor broker, for engaging in the disruptive trading practice of “spoofing” (bidding or offering with the intent to cancel bids or offers before execution) through manual trading in the Chicago Mercantile Exchange (CME) wheat futures market between at least March and June 2016 (the Relevant Period). 

Ontario Securities Commission Establishes First Permanent Mediation Program By A Canadian Securities Regulator

Date 09/04/2018

The Ontario Securities Commission (OSC) announced today that its Mediation Program, which began as a pilot in 2015, will continue on a permanent basis. It is the first and only program of its type offered by a securities regulator in Canada.

IIROC Focuses On Evolution Of Advice In Canada's Investment Landscape - Regulator Embarks On Three-Part Strategy To Accommodate The Changing Ways Canadians Make Investment Decisions

Date 09/04/2018

As Canada's investment industry continues to respond to changes in demographics, investor behaviour and technology, the Investment Industry Regulatory Organization of Canada (IIROC) is also evolving. IIROC is applying a three-part strategy to accommodate new business models, while ensuring investors are protected and have access to a wide choice of products and services.

Autorité Des Marchés Financiers Signs Memorandum Of Understanding With Bank Of Canada

Date 09/04/2018

The Autorité des marchés financiers (the “AMF”) and the Bank of Canada (the “Bank”) have signed a Memorandum of Understanding (“MOU”) for co-operation and information exchange with respect to the monitoring of risks pertaining to domestic systemically important financial institutions (“D-SIFIs”). The MOU will also support their respective roles as Québec’s prudential regulator and resolution authority, and Canada’s lender of last resort.

Alberta Securities Commission Announces Appointment Of Two New Commission Members

Date 09/04/2018

The Alberta Securities Commission (ASC) is pleased to announce that the Lieutenant Governor in Council has appointed Steven Cohen, LL.B and Raymond Crossley, CPA, CA, ICD.D as ASC members, each for a three-year term expiring on March 31, 2021.

ESMA Publishes The Calculations For The March DVC

Date 09/04/2018

Within five working days of the end of the month, the European Securities and Markets Authority (ESMA) shall publish the trading volumes and calculations regarding the double volume cap (DVC) under the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). 

EEX: Name Change Of Iron Ore Futures

Date 09/04/2018

EEX Group has renamed its Iron Ore Futures to Iron Ore 62% Fe China Futures with immediate effect.

SEC Charges Texas Company, Principals In Multimillion Dollar Ponzi Scheme Targeting Seniors

Date 09/04/2018

On April 6, 2018, the Securities and Exchange Commission charged two Texas companies and their principals in a $2.4 million Ponzi scheme and in a related, $1.4 million offering fraud targeting retirees.

Brown Rudnick Alert: OFAC Blocks Russian “Oligarchs” And Companies With Implications For U.S. Activities

Date 09/04/2018

Highlights:

• OFAC’s latest actions to block Russian companies and individuals poses risks for U.S. persons and requires additional know-your-customer measures.
• OFAC imposed 24 Ukraine-related designations of individuals and 12 additional designations of companies.
• For the first time, OFAC has designated individuals and entities as blocked, and added them to the SDN list, under Executive Order 13662.
• One Russian defense company, Rosoboronexport, has been designated pursuant to the Syria sanctions authorities.
• Since some of the designated companies may be doing business with U.S. persons, a new general license allows U.S. persons to wind down activities until June 5, 2018. Activities outside of winding down are prohibited. 
• Three of the entities are also the subject of an additional general license to allow U.S. persons to divest debt/equity/or other holdings. But all such divestment must be completed by May 7, 2018 under the general license.

Moscow Exchange: Risk Parameters Change On Securities Market

Date 09/04/2018

CCP NCC is changing IM rates on Securities market starting from April 10, 2018 for the following shares