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United States
Securities / Derivatives
US SEC Adopts Market Reforms, Including Lower Tick Sizes
By Editors | 21/09/2024
SEC Chair Gary Gensler said the reforms will help promote greater transparency, competition, fairness, and efficiency in the equity market.
Enforcement
US SEC Fines Macquarie Unit $80m for Overvalued CMOs
By Nithya Subramanian | 20/09/2024
The Macquarie unit overvalued odd lot CMO positions and then executed cross trades to push the resulting losses to retail funds.
Sanctions
OFAC Targets Russia-DPRK Sanctions Evasion Network
By Editors | 20/09/2024
New sanctions have been imposed on five entities and an individual for helping to establish payment mechanisms between Russia and North Korea.
Sanctions
Armenia Accused of Facilitating Russian Sanctions Evasion
By Editors | 20/09/2024
NGOs from Azerbaijan claim that several EU countries including Greece and Cyprus are continuing to conduct trade with Russia through Armenia.
Enforcement
US SEC Files First Charges Involving Romance Scams
By Nithya Subramanian | 20/09/2024
In the first charges of this type, the SEC alleges that fraudsters used social to lure investors to fake crypto platforms before stealing their money.
Enforcement
US SEC Fines Former FTX Auditor for Negligence-related Fraud
By Nithya Subramanian | 19/09/2024
Prager Metis issued two audit reports for FTX between 2021 and 2022, but failed to comply with auditing standards and apply “due care” in those audits.
Market Infrastructure
US, Hong Kong Cut Rates for the First Time in Four Years
By Manesh Samtani | 19/09/2024
The last time the US Federal Reserve and HKMA lowered their benchmark interest rates was during the early days of the Covid-19 pandemic in 2020.
Capital / Liquidity
US DOJ Probing Whether Banks Colluded During Archegos Wind-down
By Nithya Subramanian | 19/09/2024
The Justice Department is reportedly investigating whether some Wall Street banks coordinated stock sales during the Archegos collapse.
Sanctions
US, Canada Announce New Human Rights Sanctions on Iran
By Editors | 18/09/2024
Iran’s new President Masoud Pezeshkian, who took office in July, said he will ensure that authorities do not “bother” women.
Sanctions
Meta Blocks Russian State Media on Facebook, Instagram
By Editors | 18/09/2024
Meta’s decision came just days after OFAC imposed sanctions on RT’s parent companies Rossiya Segodnya and TV-Novosti.
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