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United States
Enforcement
Morgan Stanley Fines Staff Over Use of Messaging Platforms
By Editors | 27/01/2023
The penalties ranged from several thousand dollars for some staff to more than USD 1 million for others, cut from past bonuses or future pay.
Crypto / Digital Assets
US SEC Charges Man for Crypto Token Manipulation Scheme
By Editors | 26/01/2023
The SEC said Avraham Eisenberg orchestrated an attack on Mango Markets. He also faces criminal and civil charges brought by the DOJ and CFTC.
Enforcement
US SEC Fines Bloomberg Over “Misleading” BVAL Disclosures
By Editors | 25/01/2023
SEC commissioners Hester Peirce and Mark Uyeda issued a joint statement saying they do not support the action against Bloomberg.
Crypto / Digital Assets
NYDFS Issues Guidance on Crypto Custody and Related Disclosures
By Editors | 25/01/2023
The guidance emphasises the “paramount importance of equitable and beneficial interest always remaining with the customer”.
Crypto / Digital Assets
Action Against Crypto Firm Bitzlato Yields Seizures, More Arrests
By Editors | 25/01/2023
Authorities seized EUR 18 million in crypto wallets and froze EUR 50 million in accounts at other crypto exchanges, Europol says.
Market Infrastructure
NYSE System Issue Causes Trading Halts on Major Stocks
By Editors | 25/01/2023
The regular opening auction “did not occur” for a number of stocks so no opening price was printed. Executed trades will be declared “null and void”.
Crypto / Digital Assets
FTX Explores Possible Revival of Global Crypto Business
By Sanday Chongo Kabange | 25/01/2023
FTX’s replacement CEO believes reviving the business could recover more value for customers than a liquidation of assets or sale of the platform.
Crypto / Digital Assets
Crypto Lender Genesis Files for Bankruptcy Protection
By Editors | 24/01/2023
Genesis has more than 100,000 creditors who may be owed up to USD 10 billion. The biggest creditor is crypto exchange Gemini.
ESG / Sustainability
US Fed Issues Instructions on Climate Scenario Analysis
By Editors | 24/01/2023
Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo are asked to submit their responses by 31 July 2023.
Capital / Liquidity
US OCC Outlines Framework for “Too-Big-to-Manage” Banks
By Editors | 24/01/2023
The OCC is looking to provide more transparency into its escalation framework for dealing with banks that become too big to manage.
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