United States

ESG / Sustainability

Thailand Consults on 2nd Version of Sustainable Finance Taxonomy

By Manesh Samtani | 30/10/2024

The updated draft taxonomy covers agriculture, buildings and real estate, the manufacturing industry, and waste management.

Securities / Derivatives

CME Group Receives Approval to Establish New FCM Unit

By Manesh Samtani | 30/10/2024

The approval has raised concerns about potential conflicts of interest that could arise from CME Group having an FCM under the same roof as its market operations.

Securities / Derivatives

NYSE to Extend US Equities Trading to 22 Hours a Day

By Editors | 30/10/2024

All US listed stocks, ETFs and closed-end funds would be available for trading on NYSE Arca during the 22-hour weekday sessions.

Enforcement

Thailand Raises Penalties for Violations by Brokerage Firms

By Nithya Subramanian | 29/10/2024

The new minimum penalty for naked short-selling stands a THB 1 million (USD 30,000), to better reflect the severity of offence.

AML / KYC

FinCEN Fines Hotel-Casino $900,000 for AML Failures

By Thisanka Siripala | 27/10/2024

Lake Elsinore Hotel and Casino in California failed to maintain an effective AML programme over a four-year period.

Enforcement

US Court Fines Chinese Citizen for Fictitious Sales Scheme

By Mark Johnston | 27/10/2024

Yueyu Bao was fined and banned for orchestrating a series of non-competitive, fictitious trades with his cousin on the Chicago Board of Trade.

Capital / Liquidity

New York Fed Says Banks are Obscuring Risks of CRE Loans

By Thisanka Siripala | 26/10/2024

New paper says banks are using “extend-and-pretend” tactics as a way to avoid recognising distressed loans in the commercial real estate market.

Sanctions

DOJ Can Prosecute State-Owned Turkish Bank, Court Rules

By Editors | 25/10/2024

Halkbank was accused in 2019 of helping Iran to evade US sanctions, but the possibility of legal immunity surrounding the case has been ongoing until now.

Enforcement

US SEC Settles Charges with Associate of Short Seller Andrew Left

By Mark Johnston | 24/10/2024

The SEC said Ryan Choi misled investors in two tweets and profited from trades in two companies without properly disclosing his trading activity.