The Securities and Exchange Commission (“SEC”) reportedly has revved up its focus and issued a significant number of subpoenas targeting technology companies in the digital token space, following on earlier pronouncements from the agency that it would expand its focus on ICOs and cryptocurrencies. The subpoena process is one of the primary weapons in the SEC’s enforcement arsenal, and ICO issuers will need to understand what they can expect over the next few weeks. What is a subpoena? A subpoena is a formal request from the SEC staff for documents or testimony, which can be enforced with a court…
Tag Archives: Securities & Exchange Commission
In January, Craig Donohue returned to the financial industry as the new executive chairman of the OCC, the world’s largest clearing house. Donohue, who stepped away from the financial markets after 25 years and the CEO post at the CME Group, spoke with Jim Kharouf, editor-in-chief of John Lothian News about why he took the job, governance issues at the organization as well as where the OCC may be heading next. “The most interesting thing going on in markets today is the focus on moving more products to centralized clearing houses and looking at ways to reduce risks in the…
John Lothian Newsletter: Miami Options Exchange Gets SEC Approval; Eurex Exchange launches derivatives trading system; Interest-Rate Swap Futures Surpass $130 Million at CME Group John Lothian Newsletter,Newsletter
New options exchange MIAX gets a green light from the SEC, and will be able to open its doors as planned on December 7. Eurex Exchange launches the next generation of its derivatives trading system, beginning the months-long process of migrating its offerings onto the new platform. CME Group’s new interest rate swap futures contracts sees solid interest from traders.
John Lothian Newsletter: S.E.C. Charges 5 Firms Over Audits in China; NYSE Liffe readies for OTC shake-up; Exchanges to Ask SEC to Delay Deadline for Audit Trail Program John Lothian Newsletter,Newsletter
The SEC takes aim at Chinese accounting firms affiliated with big US auditors, who are said to be uncooperative with the SEC in investigating firms. NYSE Liffe aligns itself with a derivatives overhaul, and prepares to allow certain block trades to be done OTC style. US market operators intend to ask the SEC for more time to make a plan for a market oversight system. In First Read today, take a look at Part 3 of JLN’s Restoring Customer Confidence series; Gary DeWaal of Newedge points toward China’s Futures Margin Monitoring Center as a model for tracking the disposition of…
John Lothian Newsletter: Schapiro stepping down at SEC, Walter to step in; Britain names Canadian to head Bank of England; Spanish Futures Trading Resumes After BME Technical Fault John Lothian Newsletter,Newsletter
As expected, Mary Schapiro announces her departure from the SEC, and Elisse Walter is tapped to take her place. Canada’s Mark Carney heads to Britain to take the head chair at the Bank of England. Spanish futures exchange MEFF shut down for several hours today; a “connectivity” issue was blamed, and trading has now resumed. The second installment in JLN’s Restoring Customer Confidence series has arrived: Eurex’s Byron Baldwin talks about the exchange’s flexible segregated account services.
John Lothian Newsletter: TOM gears up for a bigger slice of Liffe; SEC Weighs Bringing Back Fractions in Stock Prices; NYSE Euronext to Shutter Carbon-Trading Exchange in Europe John Lothian Newsletter,Newsletter
Netherlands-based trading platform The Order Machine has its sights set on competing against a popular NYSE Liffe index option contract. More than a decade after decimalization, the SEC is reconsidering that decision and is contemplating a return to quarters and eighths for some products. NYSE Euronext plans to turn out the lights on its Paris-based BlueNext carbon exchange, as volumes dwindle in that marketplace.