United States

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    Trading & Investment

    US SEC Adopts New Reporting Rules for Investment Funds

    By Editors | 31/08/2024

    Mutual funds and ETFs will have to report portfolio holdings monthly rather than quarterly. Swing pricing rules weren’t included in the amendments.

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    Supervision & Enforcement

    CFTC Penalises Nasdaq Futures Over False Disclosures

    By Editors | 30/08/2024

    Nasdaq Futures, which operated an energy commodity futures market from 2015-2018, did not fully disclose details of an incentive programme.

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    Market Abuse

    CFTC Fines Swiss Energy Trader $48m for Market Manipulation

    By Nithya Subramanian | 30/08/2024

    TOTSA TotalEnergies Trading sold physical EBOB at below-market prices to benefit its large short position in the futures market.

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    Cryptocurrency

    US SEC Settles Charges Against Crypto Firm Abra

    By Editors | 30/08/2024

    The SEC said Abra operated as an unregistered investment company and sold a retail crypto asset lending product that should have been registered.

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    Anti-Money Laundering

    FinCEN Finalises AML Rules for Investment Advisers, Real Estate

    By Manesh Samtani | 30/08/2024

    Based on feedback to the February proposals, the final rules walk back certain measures to reduce potential burdens on businesses.

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    Tokenisation

    US SEC Planning Legal Action Against NFT Platform OpenSea

    By Editors | 29/08/2024

    OpenSea CEO Devin Finzer said the SEC is threatening to sue because “they believe NFTs on our platform are securities”.

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    Anti-Money Laundering

    NYDFS Fines Nordea Bank $35mn for AML Failures

    By Editors | 29/08/2024

    NYDFS said Nordea’s deficient AML programme exposed it to a “high risk of criminal abuse” which was “imported” to New York’s financial system.

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    PEPs & Sanctions

    US Sanctions Israeli NGO and Civilian Security Officer

    By Editors | 29/08/2024

    The NGO and security officer were sanctioned for providing support to sanctioned Israeli settlers in the West Bank.

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    Fraud, Scams & Cybercrime

    US SEC Charges Chinese Asset Manager and CEO with Fraud

    By Nithya Subramanian | 29/08/2024

    The SEC accused QZ Asset Management, QZ Global, and CEO Blake Yeung of using false claims about their investments to defraud investors.

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    Cryptocurrency

    CME to Launch Weekly Bitcoin Futures on 30 September

    By Editors | 29/08/2024

    The new contracts will be cash-settled at 4pm New York time every Friday to help investors mitigate weekend price moves.

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