News Centre

ASIC Welcomes AFCA Authorisation

Date 02/05/2018

ASIC welcomes the authorisation by the Minister for Revenue and Financial Services of the operator of the new single external dispute resolution (EDR) scheme for consumer and small business complaints: the Australian Financial Complaints Authority (AFCA).

SEC Shuts Down $85 Million Ponzi Scheme And Obtains Asset Freeze

Date 02/05/2018

The Securities and Exchange Commission today announced the unsealing of fraud charges against a Mississippi company and its principal who allegedly bilked at least 150 investors in an $85 million Ponzi scheme.  The defendants agreed to permanent injunctions, an asset freeze, and expedited discovery.

SEC Names Raquel Fox Director Of The Office Of International Affairs

Date 01/05/2018

The Securities and Exchange Commission today announced that Raquel Fox will succeed Paul Leder as the Director of the Office of International Affairs, which advises the Commission on cross-border enforcement and regulatory matters and coordinates the SEC’s involvement with regulatory authorities outside the United States.  Ms. Fox will formally assume the position in July 2018. 

Fiserv Reports First Quarter 2018 Results

Date 01/05/2018

• GAAP revenue growth and internal revenue growth of 3 percent;
• GAAP EPS increase of 79 percent and adjusted EPS increase of 23 percent;
• Full year 2018 guidance affirmed 

OCC Cleared Contract Volume Up 27 Percent In April

Date 01/05/2018

• Equity options volume up 32 percent in April and average daily volume up 30 percent year-to-date
• ETF options volume up 27 percent in April and average daily volume up 33 percent year-to-date
• Securities lending activity up 25 percent in April and 26 percent year-to-date

New York State Department of Financial Services Fines Goldman Sachs $54.75 Million For Unsafe And Unsound Conduct In Its Foreign Exchange Trading Business - Goldman Traders Improperly Shared Customer Information With Traders From Other Global Banks And Engaged In Questionable Conduct To Improperly Affect Foreign Exchange Prices - Goldman Also Failed To Implement Effective Controls Over Its Foreign Exchange Business - The Bank Will Submit To DFS Plans For Enhanced Internal Controls And Risk Management

Date 01/05/2018

Financial Services Superintendent Maria T. Vullo today announced that Goldman Sachs Group Inc., parent company of Goldman Sachs Bank USA, agreed to pay a $54,750,000 fine as part of a consent order with the New York State Department of Financial Services (DFS) for violating New York banking law, including improperly sharing customer information with other global banks, and other unlawful conduct that disadvantaged customers and potentially affected foreign exchange prices.  The violation announced today stems from an investigation by DFS determining that from 2008 to early 2013, Goldman engaged in unlawful, unsafe and unsound conduct by failing to implement effective controls over its foreign exchange business.  As part of the consent order, Goldman will submit to DFS written plans for enhanced internal controls and compliance risk management. DFS coordinated its enforcement action with the Federal Reserve Board and appreciates the Board’s cooperation.

British Columbia Securities Commission Consulting On Proposed Fee Changes

Date 01/05/2018

The British Columbia Securities Commission (BCSC) today published a request for comment seeking input on proposed fee changes. The BCSC last increased fees in 1994.

SEC Enforcement Division Issues FAQs For Share Class Selection Disclosure Initiative

Date 01/05/2018

The Securities and Exchange Commission’s Division of Enforcement today issued answers to frequently asked questions (FAQs) on the Share Class Selection Disclosure Initiative, providing additional information about adviser eligibility, disgorgement, and the distribution of funds to clients.

London Stock Exchange Group Plc - Total Voting Rights

Date 01/05/2018

The following notification is made in accordance with the FCA's Disclosure Guidance and Transparency Rules.

OneChicago Announces Trading Volume For April 2018

Date 01/05/2018

OneChicago, LLC (ONE), a securities finance exchange, today announced its April 2018 volume of 514,176, a decrease of 66% year-over-year. OneChicago is a CFTC and SEC regulated exchange offering Single Stock Futures (SSF), a Delta One product, on approximately 1,800 equities, including ADRs and ETFs.