United States

    Market Infrastructure

    Is Asia Pacific Ready for T+1 Settlement?

    By Nellie Dagdag | 15/06/2022

    Nellie Dagdag considers the implications of a move to T+1 settlement cycle for equities in Asia Pacific, and the benefits it will bring.

    ESG / Sustainability

    US SEC Probes Goldman Sachs for Suspected Greenwashing

    By Editors | 14/06/2022

    The SEC is reportedly investigating whether disclosures made to clients accurately described the investment practices used by two Goldman funds.

    Securities / Derivatives

    Canadian Regulators Propose Revised Derivatives Reporting Rules

    By Manesh Samtani | 13/06/2022

    The CSA says the proposed rules will enable market participants to harmonise their reporting systems across multiple global regulators.

    Enforcement

    Korean Police Arrest CEO of Discovery Asset Management

    By Editors | 13/06/2022

    CEO Jang Ha-won faces charges of fraud and violation of the Capitals Market Act for selling funds which caused $194mn in losses to investors.

    Crypto / Digital Assets

    Korean Police Probe Possible Embezzlement at Terraform Labs

    By Editors | 13/06/2022

    Crypto exchanges are also being asked to draft guidelines on the listing and delisting of digital tokens, so as to protect investors from another Terra-like collapse.

    AML / KYC

    OFAC Blocks Secondary Market Trading in Russian Debt, Equity

    By Editors | 12/06/2022

    To date, only the purchase of new issues has been prohibited, and trading in secondary markets has still been allowed.

    Enforcement

    US Ruling Calls Into Question Key SEC Enforcement Mechanism

    By Editors | 12/06/2022

    The Fifth Circuit court ruled that the SEC’s use of in-house administrative law judges deprived the petitioners of the right to a jury trial.

    Securities / Derivatives

    US SEC Unveils Plans to Address Payment for Order Flow

    By Manesh Samtani | 10/06/2022

    Brokers will have to send orders from retail investors to “open and transparent” auctions and meet stronger best execution obligations.

    Crypto / Digital Assets

    NYDFS Issues Regulatory Guidance for Stablecoin Issuers

    By Editors | 09/06/2022

    The guidance outlines criteria specifically addressing stablecoin redeemability, asset reserve requirements, and independent audit requirements.

    Crypto / Digital Assets

    US SEC Reportedly Probing Binance 2017 Token Offering

    By Editors | 09/06/2022

    The SEC is also investigating market making companies owned by Binance’s CEO and whether company insiders may have engaged in trading abuses.

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