United States

PEPs & Sanctions

US, UK Announce Sanctions on Four Houthi Officials

By Editors | 26/01/2024

Four officials were sanctions for attacks on ships that “threaten to disrupt international supply chains and the freedom of navigation”.

Cryptocurrency

SFC Grants Licence Upgrade Allowing Tiger Brokers to Offer Crypto

By Editors | 26/01/2024

Tiger Brokers said it is one of the first mainstream online brokerage firms in Hong Kong to receive approval for such a licence upgrade.

Fraud, Scams & Cybercrime

CFTC Warns Investors of AI-driven Scams

By Nithya Subramanian | 26/01/2024

Investors are warned against falling prey to fraudsters who claim to be able to generate huge returns using bots and other AI-assisted technology.

Cybersecurity

US Fintech EquiLend Suffers Ransomware Attack

By Editors | 26/01/2024

Ransomware gang LockBit claimed responsibility for the attack, which has forced Wall Street banks to manual processing of certain securities lending transactions.

Trading & Investment

BGC Group Wins CFTC Approval to Challenge CME Dominance

By Mark Johnston | 25/01/2024

BGC Group won approval to operate an exchange for US Treasury and SOFR futures and deliver competition across the CME’s US interest rate complex.

Clearing & Post-Trade

CME, DTCC Launch Enhanced Treasury Cross-Margining Arrangement

By Mark Johnston | 25/01/2024

The new cross-margining arrangement will offer capital savings for clearing members, and improve the efficiency and resilience of the overall Treasury market.

PEPs & Sanctions

US Senate Committee Approves REPO for Ukrainians Act

By Manesh Samtani | 25/01/2024

If the legislation gets signed into law, it would pave the way for the US to confiscate Russian assets. However, the EU is unlikely to do the same.

Structural Regulation

US SEC Adopts Rules to Enhance Protections for SPAC Investors

By Editors | 24/01/2024

The new rules will help address information asymmetries, misleading information, and conflicts of interest in SPAC and de-SPAC transactions.

Trading & Investment

Philippine SEC Propose to Lower Stockbroker Commission Rates

By Editors | 24/01/2024

The minimum PHP 20 currently charged by stock brokers per transaction was set 50 years ago in 1973.