United States

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    Crypto / Digital Assets

    US SEC Settles Second NFT-related Enforcement Action

    By Editors | 14/09/2023

    Animated web series creator will pay $1mn to settle SEC claims that it conducted an unregistered offering of crypto asset securities. Two commissioners dissented.

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    Enforcement

    US Court Sentences Co-Founder of “OneCoin” Fraud to 20 Years

    By Editors | 14/09/2023

    OneCoin was a fraudulent cryptocurrency that was sold through a pyramid scheme to millions of people from 2014-2016, resulting in $4bn in worldwide losses.

    Securities / Derivatives

    CFTC Extends No-Action Letter for TAIFEX Swaps Clearing

    By Editors | 14/09/2023

    The six month extension allows US persons to continue clearing swaps on TAIFEX for proprietary trades while a formal CFTC exemption is pending.

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    Securities / Derivatives

    Sri Lanka SEC Approves New Listing Rules for SOEs

    By Duruthu E Chandrasekera | 14/09/2023

    A new transitionary board will be set up, allowing SOEs to list and progressively transition to a listing on one of the CSE’s existing boards.

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    Fintech / Regtech

    SEC Philippines Allows Crowdfunding Platforms to Act as Registrars

    By Sanday Chongo Kabange | 14/09/2023

    To date, only traditional financial intermediaries have been allowed to act as registrars under the securities regulation code.

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    Securities / Derivatives

    Industry Bodies Call on SEC to Reassess Custody Rule Proposal

    By Editors | 14/09/2023

    A letter from 26 trade associations calls on the SEC to re-evaluate the costs and economic impacts of its custody rule proposal.

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    Fintech / Regtech

    US SEC Grants Nasdaq Approval to Launch AI-Powered Order Type

    By Sanday Chongo Kabange | 14/09/2023

    The order type enhances liquidity, execution quality improvement outcomes, and fill rates by adjusting dynamically to real-time market conditions.

    Capital / Liquidity

    US Banks Call for Release of Evidence to Support Basel Proposal

    By Editors | 13/09/2023

    Prominent banking associations are demanding the release of the data and analysis to support changes to capital requirements for large banks.

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    Enforcement

    US SEC Charges Virtu For Not Protecting Confidential Customer Data

    By Manesh Samtani | 13/09/2023

    Virtu describes the lawsuit as retaliation for the company’s public criticism of the SEC’s market structure rule proposals.

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    Enforcement

    Thai SEC Charges Four Brokerage Execs for Stock Manipulation

    By Mark Johnston | 13/09/2023

    Criminal charges were filed against four executives of a brokerage firm, including its CEO, for manipulating prices during a 2018 IPO.

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