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SEC Small Business Advisory Committee To Discuss Regulation Crowdfunding And The State Of Angel Investing

Date 25/04/2024

The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee today released the agenda for its meeting on Monday, May 6, 2024. The meeting will include a discussion of Regulation Crowdfunding (Reg CF) and activity and trends in angel investing. Members of the public can watch the live meeting via webcast on www.sec.gov.

IIPA Supports USTR Focus On Major Copyright Markets In The 2024 Special 301 Report - 2024 Special 301 Report Highlights Market Access And Enforcement Challenges For U.S. Creative Industries In 27 Overseas Markets

Date 25/04/2024

The following is a statement from the International Intellectual Property Alliance® (IIPA®) on the release today of the 2024 Special 301 Report:

US Acting Comptroller Of The Currency Issues Statement On The FDIC’s Proposals Related To Change In Bank Control Act

Date 25/04/2024

Acting Comptroller of the Currency Michael J. Hsu today issued the following statement at the Federal Deposit Insurance Corporation’s (FDIC) board meeting concerning the FDIC memorandum and resolution for proposals related to Change in Bank Control Act:

I want to thank Directors Chopra and McKernan for these proposals. They shine much needed light on the evolving nature of bank ownership, control, and corporate governance.

SIFMA AMG Statement On FDIC Postponing Rule Proposals On “Control”

Date 25/04/2024

SIFMA’s Asset Management Group (SIFMA AMG) today issued the following statement from Lindsey Keljo, managing director and head of the AMG, related to the postponement of rule proposals from the FDIC on asset managers regarding “control”:

Federal Court Orders California-Based Precious Metals Company, CEO, Senior Salesperson To Pay Over $56 Million For Fraud In Connection With Precious Metals Sales

Date 25/04/2024

The Commodity Futures Trading Commission today announced Judge R. Gary Klausner of the U.S. District Court for the Central District of California entered a consent order against Red Rock Secured, LLC (Red Rock), Sean L. Kelly f/k/a Shade L. Kelly-Johnson (Kelly), and Anthony “Tony” Spencer (Spencer) on April 23. The order finds the defendants liable for making fraudulent misrepresentations to customers and rendering unlawful investment advice in connection with the purchase and sale of precious metals.

Canadian Securities Administrators Publishes Research On Impact Of Client Relationship Model Amendments On Industry And Investor Behaviour

Date 25/04/2024

The Canadian Securities Administrators (CSA) today published two research reports that examined the investment fund industry and investor behaviour following the implementation of the Client Relationship Model Phase 2 (CRM2) Amendments.

CFTC Chairman Behnam To Participate In A Fireside Chat At The 27th Annual Milken Institute Global Conference

Date 25/04/2024

Bank Of England: What’s Next? Bulk Annuity Insurers – Regulatory Developments − Speech By Lisa Leaman, Given At Westminster And City’s 21st Annual Conference On Bulk Annuities

Date 25/04/2024

The Bulk Purchase Annuities (BPA) sector is continuing its rapid growth and is poised to benefit from substantial regulatory reforms following the Government’s review of Solvency II. Lisa Leaman outlines how the new Solvency UK insurance regulatory regime – in particular the reforms to the matching adjustment - will support insurers to meet the commitment they have made to further invest in assets that benefit the UK economy.

Interactive Brokers Announces Extended Trading Hours For US Treasury Bonds - Clients Can Trade 22x5 To React Rapidly To Global Market News And Economic Events

Date 25/04/2024

Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, today announced a significant expansion of trading hours for US Treasury bonds on its platform. Clients around the world can now trade US Treasury bonds for 22 hours each day. The trading session closes daily at 5:00 pm Eastern Time (ET), reopens at 8:00 pm Eastern Daylight Time (EDT) and continues until 5:00 pm the following day. During Eastern Standard Time (EST), the market operates from 7:00 pm to 5:00 pm. This is a significant extension from the previous nine hours per day.

B.C. Securities Commission Issues Notice To Reinforce Expectations For Investor Relations Disclosure

Date 25/04/2024

The B.C. Securities Commission (BCSC) issued a BC Notice today to raise awareness of a 2023 Commission decision about promotional disclosure, and how it must be presented to comply with the law.