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United States
Market Abuse
US SEC to Prohibit Conflicts of Interest in Securitisation Transactions
By Editors | 27/01/2023
The rule, first proposed in 2011 but never finalised, will prohibit firms participating in asset-backed securities from betting against investors in those securities.
PEPs & Sanctions
Ex-FBI Agent Charged for Money Laundering, Sanctions Violations
By Editors | 27/01/2023
The former FBI agent conspired with a former Russian diplomat to help Oleg Deripaska have his sanctions removed.
Conduct, Culture & Accountability
Morgan Stanley Fines Staff Over Use of Messaging Platforms
By Editors | 27/01/2023
The penalties ranged from several thousand dollars for some staff to more than USD 1 million for others, cut from past bonuses or future pay.
Market Abuse
US SEC Charges Man for Crypto Token Manipulation Scheme
By Editors | 26/01/2023
The SEC said Avraham Eisenberg orchestrated an attack on Mango Markets. He also faces criminal and civil charges brought by the DOJ and CFTC.
Market Data & Technology
US SEC Fines Bloomberg Over “Misleading” BVAL Disclosures
By Editors | 25/01/2023
SEC commissioners Hester Peirce and Mark Uyeda issued a joint statement saying they do not support the action against Bloomberg.
Custody & Infrastructure
NYDFS Issues Guidance on Crypto Custody and Related Disclosures
By Editors | 25/01/2023
The guidance emphasises the “paramount importance of equitable and beneficial interest always remaining with the customer”.
Anti-Money Laundering
Action Against Crypto Firm Bitzlato Yields Seizures, More Arrests
By Editors | 25/01/2023
Authorities seized EUR 18 million in crypto wallets and froze EUR 50 million in accounts at other crypto exchanges, Europol says.
Trading & Investment
NYSE System Issue Causes Trading Halts on Major Stocks
By Editors | 25/01/2023
The regular opening auction “did not occur” for a number of stocks so no opening price was printed. Executed trades will be declared “null and void”.
Cryptocurrency
FTX Explores Possible Revival of Global Crypto Business
By Sanday Chongo Kabange | 25/01/2023
FTX’s replacement CEO believes reviving the business could recover more value for customers than a liquidation of assets or sale of the platform.
Cryptocurrency
Crypto Lender Genesis Files for Bankruptcy Protection
By Editors | 24/01/2023
Genesis has more than 100,000 creditors who may be owed up to USD 10 billion. The biggest creditor is crypto exchange Gemini.
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