News Centre

Remarks At The SEC’s Investor Advisory Committee Meeting, Commissioner Kara M. Stein, June 14, 2018

Date 15/06/2018

Good morning and welcome to today’s meeting of the Investor Advisory Committee. I want to take this opportunity to thank each of you for taking the time out of your extremely busy schedules to come here today to share your best thoughts with us. I also want to thank Georgia State University, and, in particular, the College of Law, for providing us with such wonderful surroundings.

New York Attorney General Underwood Leads $100 Million 42-State Settlement With Citibank For Manipulating Interest Rate Benchmarks - To Date, State AGs Have Recovered $420 Million From USD LIBOR-Setting Panel Banks For Misconduct

Date 15/06/2018

New York Attorney General Barbara D. Underwood today announced a $100 million settlement with Citibank for fraudulent conduct involving U.S. Dollar (USD) LIBOR, which is a benchmark interest rate that affects financial instruments worth trillions of dollars and has a widespread impact on global markets and consumers. The investigation was conducted by a working group of 42 state Attorneys General offices, led by New York.

IIROC's Enforcement In Quebec Grows Stronger With Passage Of Bill 141 - Amendments Passed By National Assembly Strengthen Investor Protection

Date 15/06/2018

The Investment Industry Regulatory Organization of Canada (IIROC), today (14 June) applauded the Government of Quebec for passing legislation that gives IIROC more effective tools to protect the province's investors.

Securities Regulators Urge Canadians To Watch For Red Flags Of Financial Abuse Of Older Canadians

Date 15/06/2018

Securities regulators across the country are urging Canadians to be aware of and report financial abuse of seniors as part of World Elder Abuse Awareness Day (WEAAD), on June 15.

Has The Industry Improved Ten Years On? - Speech By Mark Steward, Director Of Enforcement And Market Oversight At The FCA, Delivered At The Banking Litigation & Regulation Forum 2018

Date 15/06/2018

Highlights:

• Good enforcement requires robust, accurate and faithful processes for detecting misconduct in all its guises and acting quickly and effectively.
• Outcomes to our investigations may involve the use of enforcement, supervision, or competition powers, or a combination of some or all.
• We are seeking views on a number of questions about our approaches to Supervision and Enforcement. Please send us your comments by on 21 June 2018.

Maurya C. Keating Named An Associate Regional Director For Examinations In SEC's New York Regional Office

Date 15/06/2018

The Securities and Exchange Commission today announced that Maurya C. Keating has been named an Associate Regional Director for the Investment Adviser and Investment Company examination program in the agency's New York Regional Office. She will join the agency later this month.

TradingScreen's Management Refute Philippe Buhannic's Allegations

Date 15/06/2018

TradingScreen's management have stated that the latest communication from Philippe Buhannic is, yet again, totally baseless, reckless, and without merit. It is pure fabrication. 

CONSOB: Call For Expressions Of Interest - Selection Of Members Of The Committee Of Market Operators And Investors

Date 15/06/2018

With Resolution no. 20477 of June 12, 2018, CONSOB established the Committee of Market Operators and Investors at CONSOB (hereinafter the ‘Committee’) and adopted the related Founding Charter.

UBS MTF Market Notice: Periodic Auction Go-Live And Other Technical Changes

Date 15/06/2018

Following the publication on May 2, 2018 of the UBS MTF Market Notice N9 announcing changes to the Rules of Engagement for the new Periodic Auction and enhancements to the Dark order book, and Notice 10 on May 17 communicating the corresponding changes to the UBS MTF Rule Book and User Guide, we would like to inform our Members that all these changes will be live on Monday, June 18:

• Periodic Auction order book.
• "No CCP" functionality for internalised trades. To use this functionality please contact the MTF Supervisors.
• Orders in the dark order book will be limited to mid-point pegged only.
• New MAQ behaviour when a partially filled order falls below the MinQty set by the member.

Gain Access To SwissAtMid - Find Out Which Trading Participants Of The Swiss Exchange Provide Access To Largest Non-Displayed Pool For Swiss Equities

Date 15/06/2018

Since its launch in October 2016, SwissAtMid (SIX Swiss Exchange At Midpoint), the non-displayed liquidity pool of the Swiss exchange, has gone from strength to strength. The 45% increase in average daily turnover from January to May 2018, whilst delivering more than CHF 1.6m in price improvement to trading participants through the first 5 months of the year, has helped to define the success of SwissAtMid thus far in 2018.