News Centre

SEC: Broker-Dealer To Pay $2.75 Million Penalty For Providing Deficient Blue Sheet Data

Date 13/09/2018

The Securities and Exchange Commission today announced that Convergex Execution Solutions LLC, now known as Cowen Execution Services LLC, will pay $2.75 million to settle charges that the broker-dealer firm provided the SEC with incomplete and deficient securities trading information known as “blue sheet data.”

ETFGI Reports Assets Invested In ETFs And ETPs Listed In The Canada Reached A New High Of US$131 Billion At The End Of August 2018

Date 13/09/2018

ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed in Canada reached a new high of US$131 billion in assets, following net inflows and market moves of US$2.19 billion during August. The 6.76% increase in total assets marks the largest monthly change since March 2016, according to ETFGI’s August 2018 Canada ETF and ETP industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)

Erik Thedéen: On The Agenda: The Swedish FSA’s Mandate And Current Challenges

Date 13/09/2018

The procyclical nature of the financial sector tends to amplify cycles and may turn a severe downturn into a financial crisis. One of FI’s tasks is to mitigate this pro-cyclicality.

ESMA Finds High Level Of Diversity In National Markets For Structured Retail Products

Date 13/09/2018

The European Securities and Markets Authority (ESMA) has carried out a study of the EU market in structured retail products, from an investor protection perspective.

Remarks To The SEC Investor Advisory Committee, Chairman Jay Clayton

Date 13/09/2018

Thank you, Anne (Sheehan).  Good morning everyone. 

I want to welcome, or should I say welcome back, Commissioner Elad Roisman.  This is Commissioner Roisman’s first Investor Advisory Committee meeting.  Elad was confirmed just last week and he joins us as the 98th Commissioner of the SEC.  We met many years ago when Elad first worked at the Commission and I am certain he will again make a lasting contribution to our work. 

Startups Gain Better Access To Later Stage Financing - GP Bullhound Becomes New Partner Of Deutsche Börse Venture Network

Date 13/09/2018

With a new collaboration, the more than 160 startups from Deutsche Börse Venture Network will get better access to growth financing: global technology advisory and investment firm GP Bullhound is joining the network. Companies in the later stage growth phase in particular will benefit from this. GP Bullhound is offering its advisory services to network members in their growth phase that are seeking the next round of growth capital or which want to sell their company.

SEC: Statement Regarding Staff Proxy Advisory Letters - Investment Management

Date 13/09/2018

As recently announced, the Commission staff will be hosting an upcoming Roundtable on the Proxy Process.1 The Roundtable, which is expected to be in November 2018, will provide the staff an opportunity to engage with market participants on topics including the voting process, retail shareholder participation and the role of proxy advisory firms. In developing the agenda for the roundtable, the staff has been considering (among other topics) whether prior staff guidance about investment advisers’ responsibilities in voting client proxies and retaining proxy advisory firms should be modified, rescinded or supplemented. Staff guidance is nonbinding and does not create enforceable legal rights or obligations.

US Commodity Futures Trading Commission And Monetary Authority Of Singapore Sign Arrangement To Cooperate On FinTech Innovation

Date 13/09/2018

The US Commodity Futures Trading Commission (CFTC) and the Monetary Authority of Singapore (MAS) today signed an arrangement to foster greater cooperation in FinTech. The arrangement supports both authorities’ efforts to facilitate FinTech development and innovation in their respective markets. This arrangement is the CFTC’s second FinTech cooperation arrangement with a non-US authority and its first with an authority in Asia.

Statement Regarding SEC Staff Views, Chairman Jay Clayton

Date 13/09/2018

The mission of the SEC is to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation.  In furtherance of this mission, the Commission promulgates rules and regulations, which generally have the force and effect of law, and enforces compliance with its rules and regulations.

FESE Appoints Rosa Armesto As Deputy Director General

Date 13/09/2018

The Federation of European Securities Exchanges (FESE) is pleased to announce the appointment of Rosa Armesto as Deputy Director General.