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United States
Enforcement
Wells Fargo, HSBC Drawn into SEC Whatsapp Probe
By Editors | 22/02/2023
Wells Fargo said regulators are investigating its compliance with records-retention requirements. HSBC said it is close to a settlement with regulators.
Market Infrastructure
14 European Exchanges Join Forces to Develop Consolidated Tape
By Editors | 22/02/2023
The participating exchange groups include Deutsche Boerse Group, Euronext, Nasdaq, and SIX Group, as well as the local exchanges in several European cities.
AML / KYC
NYDFS Enhances Capabilities to Detect Crypt-related Crime
By Editors | 22/02/2023
The additional capabilities will help NYDFS detect insider trading, market manipulation, and front-running activity.
Securities / Derivatives
Industry Bodies Open Common Domain Model on FINOS Platform
By Editors | 20/02/2023
The open-source CDM is now fully integrated into the FINOS project landscape, which will open up opportunities for open collaboration between market participants.
Crypto / Digital Assets
US SEC Fines Former NBA Star Over Crypto Promotion
By Editors | 20/02/2023
Paul Pierce promoted crypto asset securities known as EMAX tokens on social media without disclosing that he was paid to do so.
Enforcement
US SEC, CFTC Penalise OCC Over Internal Rule Violation
By Editors | 19/02/2023
As a result of certain deficiencies, the Options Clearing Corp’s clearing fund was “underfunded” at various times between October 2019 and May 2021.
Enforcement
US, UK Sanction Bulgarian Nationals for Corruption Offences
By Editors | 19/02/2023
The UK issued sanctions under its Global Anti-Corruption Sanctions Regime. The US sanctions were imposed under the Magnitsky Act.
Sanctions
China Sanctions US Defence Firms Over Taiwan Weapons Sales
By Editors | 17/02/2023
Lockheed Martin and a unit of Raytheon Technologies were added to China’s “Unreliable Entity List”. The notice requires both to pay fines.
Crypto / Digital Assets
CFTC Charges California Firm for ‘Ponzi-like’ Crypto Fraud
By Editors | 17/02/2023
Vista Network Technologies and its CEO advertised to customers that it would trade their digital assets using “robot traders” which did not exist.
Securities / Derivatives
CFTC to Require UPIs in Swaps Reporting Starting Jan 2024
By Editors | 17/02/2023
UPIs issued by the DSB will be required in reporting credit, equity, foreign exchange, and interest rate swaps from 24 Jan 2024.
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