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Tag Archives: SEC

Correction: NFA and FINRA Do Recognize Other Regulator’s Bans Americas,Blog,Commentary,Investing & Trading,Mwiki,Regulation,Regulation & Enforcement

John Lothian

It turns out that the NFA and FINRA do jointly recognize the bans of other regulators already. In the specific case I mentioned, that of Jon Corzine, he would register if necessary with the SEC. Whether the SEC will recognize the ban of another regulator is a question I am still awaiting an answer. There is a loophole that was expanded by Dodd-Frank that allows hedge funds with less than $150 million to not have to register with the SEC. Tom Sexton of the NFA responded to my inquiry by saying: With regard to your column last week, you should…

In Tumult of Trump, Jon Corzine Seeks a Wall Street Comeback; NYSE blasts Bats plan to compete for end-of-day NYSE stock orders; SEC urged to regulate blockchain John Lothian Newsletter,Newsletter

First Read Futures industry walks to work to support Futures for Kids charity Industry executives from Washington and Chicago also join their London counterparts London Today is the Futures for Kids (FFK) 6th Annual “Walk to Work” , which will see some 70 futures industry executives trek around London before heading to the Finish Line at the Anchor Bankside pub on the South Bank. Many will be travelling the full distance of over 35 miles starting at 8 AM in the morning while others will be taking an afternoon stroll from one of four starting points at Greenwich Park, Clapham…

Traders Are Fleeing the Options Market; Wall Street frets as capital markets trading activity trails off; There’s a new front in the brutal battle between America’s stock exchanges John Lothian Newsletter,Newsletter

First Read Sad News The father of Doug Ashburn, our former colleague, passed away yesterday morning from a sudden heart attack. Doug is now at T3 Custom, a custom publishing firm. Any well wishes or condolences can be sent to him at dashburn@t3custom.com. ***** On behalf of the entire JLN team, our condolences to Doug and Nancy Ashburn and their families on the passing of Doug’s father. We will keep them in our thoughts and prayers as they deal with this sad time. ++++ Options Industry Conference Preview Part 1: Is Regulation Damaging the Options Space? JohnLothianNews.com The cost of…

LSE fires back at EU plot to seize euro-clearing; Jay Clayton Confirmed as SEC Chairman; CFA Institute mulls adding ‘big data’ to financial analyst exam John Lothian Newsletter,Newsletter

First Read FinTech Exchange: Haraburda Says Alternative Data the Next Step JohnLothianNews.com How big is your data set? Mark Haraburda, CEO of Barchart, which hosted the FinTech Exchange 2017 conference last month, said the data space is quickly expanding and innovating. “This year the event has been focused on data, the way data is delivered, the way data is stored, the way data is analyzed and visualized as well as the new types of data in the alternative data space,” he said. Read the rest and watch the video » ++++ TMX Group Remembers John Pearce Bunting, Former President and…

Corporate bond trading at MarketAxess reaches record high; ICE says being asked to shift operations from London to continent; SEC working ‘diligently’ on plan to test lower exchange fees John Lothian Newsletter,Newsletter

First Read Did you know? Jim Kharouf & Spencer Doar – JLN Moscow, OneChicago, MexDer, Fear Gauge and Trump Street with an Irish twist. No, they are not connected. One of the interesting things about updating annual volume figures on our MarketsWiki site is the snapshot of how a particular exchange has been doing over a number of years. The FIA Annual Volume Survey shows a couple of unusual suspects in the top 5 in 2016 with the National Stock Exchange of India coming in second and the Moscow Exchange at number four in terms of derivatives volumes. At the…

SEC Targets Illicit Options Trades Made Ahead of Telecom Deal; Markets Aren’t Normal and Neither Are You; VIX Index Soars in Warning to Trump’s Bull Market Newsletter,Options

SEC

Lead Stories SEC Targets Illicit Options Trades Made Ahead of Telecom Deal; Regulator freezes assets in accounts linked to suspicious activity Chris Dieterich – WSJ If you’re trading on inside information, maybe be a bit more discreet? The Securities and Exchange Commission on Friday announced a court order to freeze assets in brokerage accounts that made suspicious, windfall-reaping options trades ahead of an acquisition announced last week. At issue are short-dated, out-out-of-the-money calls bought days before Liberty Interactive announced its acquisition of General Communication, a telecom provider. /goo.gl/Pc57qx Markets Aren’t Normal and Neither Are You Thomas Preston – The Ticker…

SEC targets fake stock news on financial websites; Daniel Maguire appointed LCH Group Chief Operating Officer; The quickening evolution of trading — in charts John Lothian Newsletter,Newsletter

First Read BRIEF-CME Group on April 6, James Oliff notified company that he would resign from the board effective immediately Reuters CME Group – on April 6, James Oliff notified company that he would resign from company’s board of directors effective immediately – sec filing Source text /goo.gl/JII4rt ***** Jim Oliff had a great run on the CME Group board and made many contributions to the success of the company. I wish him well with what comes next. ++++ Scammers Used SeekingAlpha for Bogus Stock Promotions, SEC Says by Matt Robinson – Bloomberg Regulator fines firms that made payments to…

Singapore Exchange Said to Mull Tie-Ups as Deals Grow Harder; ICE warns clients global regulation could harm business; Leveraged Loan Market Moves Closer to Blockchain, Group Says John Lothian Newsletter,Newsletter

First Read JLN Exchange Leader Series 2017: LSEG’s Hackett on a Clear Path Forward JohnLothianNews.com In just a few years, LCH has doubled its headcount to nearly 500 employees. That’s just one indicator that this division of the London Stock Exchange Group is doing well across a variety of its operations. Ali Hackett, USA Country Head for London Stock Exchange Group, spoke to JLN about the importance of the customer in continuing LCH’s expansion. Since the financial crisis, regulators have adopted rules that have pushed clearing and trading onto exchanges. But there is still a demand from clientele for innovative…

Post-Bitcoin Technology Has Geeks, Giants, and Hackers Excited; Acting SEC chair plans test to lower exchange fees; Cowen Group in talks to buy brokerage Convergex John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian John Lothian News has learned that OCC President and COO Mike McClain has resigned and left the organization. His last day was two days ago when the OCC held a goodbye event in Chicago. The official narrative is that he left for personal reasons, including the continued attention to his wife, who is battling illness. Other sources have cited the high turnover the OCC has seen in recent years and some of the pressures at the core of that for McClain’s departure. McClain had been with the OCC for 15 years…