United States

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    Securities / Derivatives

    CME Group Receives Approval to Establish New FCM Unit

    By Manesh Samtani | 30/10/2024

    The approval has raised concerns about potential conflicts of interest that could arise from CME Group having an FCM under the same roof as its market operations.

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    Securities / Derivatives

    NYSE to Extend US Equities Trading to 22 Hours a Day

    By Editors | 30/10/2024

    All US listed stocks, ETFs and closed-end funds would be available for trading on NYSE Arca during the 22-hour weekday sessions.

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    Enforcement

    Thailand Raises Penalties for Violations by Brokerage Firms

    By Nithya Subramanian | 29/10/2024

    The new minimum penalty for naked short-selling stands a THB 1 million (USD 30,000), to better reflect the severity of offence.

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    AML / KYC

    FinCEN Fines Hotel-Casino $900,000 for AML Failures

    By Thisanka Siripala | 27/10/2024

    Lake Elsinore Hotel and Casino in California failed to maintain an effective AML programme over a four-year period.

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    Enforcement

    US Court Fines Chinese Citizen for Fictitious Sales Scheme

    By Mark Johnston | 27/10/2024

    Yueyu Bao was fined and banned for orchestrating a series of non-competitive, fictitious trades with his cousin on the Chicago Board of Trade.

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    Capital / Liquidity

    New York Fed Says Banks are Obscuring Risks of CRE Loans

    By Thisanka Siripala | 26/10/2024

    New paper says banks are using “extend-and-pretend” tactics as a way to avoid recognising distressed loans in the commercial real estate market.

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    Sanctions

    DOJ Can Prosecute State-Owned Turkish Bank, Court Rules

    By Editors | 25/10/2024

    Halkbank was accused in 2019 of helping Iran to evade US sanctions, but the possibility of legal immunity surrounding the case has been ongoing until now.

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    Enforcement

    US SEC Settles Charges with Associate of Short Seller Andrew Left

    By Mark Johnston | 24/10/2024

    The SEC said Ryan Choi misled investors in two tweets and profited from trades in two companies without properly disclosing his trading activity.

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    Enforcement

    US CFPB Imposes Penalties on Goldman Sachs and Apple

    By Nithya Subramanian | 24/10/2024

    Goldman is banned from launching new credit card products until it can demonstrate compliance with federal law.

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    Sanctions

    US Finalised $20b Portion of G7 Loan for Ukraine

    By Editors | 24/10/2024

    The rest of the $50bn loan will be provided by other G7 allies. Earnings from frozen Russian assets will be used for repayments.

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