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Securities / Derivatives
Ransomware Attack Against ION Markets Hit Derivatives Traders
By Manesh Samtani | 03/02/2023
The incident has forced firms to manually process derivatives trades. Ransomware gang Lockbit has threatened to publish stolen data unless a ransom is paid.
Securities / Derivatives
US SEC Proposes Amendments to Staff Trading Rules
By Sanday Chongo Kabange | 02/02/2023
Investments in financial industry sector funds will be prohibited. The SEC will be able to collect employee trading data via an automated electronic system.
Market Infrastructure
NYSE Faces Claims Over Last Week’s Trading Halts
By Editors | 01/02/2023
Charles Schwab, Robinhood, Virtu Financial and Citadel Securities are among the firms that submitted claims. The total impact is estimated at over $20mn.
Sanctions
US, Canada, UK Announce Fresh Myanmar Sanctions
By Editors | 01/02/2023
The sanctions come two years after the February 2021 military coup. Myanmar’s air force is among the targets for its civilian bombing campaign.
Crypto / Digital Assets
Crypto Firm Celsius Operated as Ponzi Scheme, Report Says
By Editors | 01/02/2023
Celsius, now in bankruptcy, used customer funds to prop up the price of its own token for years, including to allow insiders to cash out.
Crypto / Digital Assets
US SEC Probes Investment Advisers Over Crypto Asset Custody
By Editors | 01/02/2023
The US regulator is inquiring into how investment advisers assess third-party custodians used to hold clients’ crypto assets.
Crypto / Digital Assets
New York Regulator Investigating Crypto Firm Gemini
By Editors | 01/02/2023
Gemini emphasised connections to the FDIC when customers asked if their assets were safe. Almost $1bn in customer assets have since been frozen on the platform.
ESG / Sustainability
European Regulators Slammed for Approach to Greenwashing Probe
By ESG Investor | 31/01/2023
A lack of engagement with key stakeholders and timing of greenwashing investigation among criticisms levelled at European Supervisory Authorities.
Crypto / Digital Assets
Bankman-Fried Lawyers Request Access to Crypto Held by FTX
By Editors | 31/01/2023
The DOJ asked for a communications ban against Bankman-Fried as an additional bail condition. Last week, a 116-page list of the FTX’s creditors was filed to the bankruptcy court.
Crypto / Digital Assets
US Fed Refuses Application by Crypto-focused Custodia Bank
By Editors | 31/01/2023
The Fed Board considers that Custodia’s business model and proposed focus on crypto-assets presented “significant safety and soundness risks”.
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