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United States
Crypto / Digital Assets
SFC Grants Licence Upgrade Allowing Tiger Brokers to Offer Crypto
By Editors | 26/01/2024
Tiger Brokers said it is one of the first mainstream online brokerage firms in Hong Kong to receive approval for such a licence upgrade.
Securities / Derivatives
CFTC Warns Investors of AI-driven Scams
By Nithya Subramanian | 26/01/2024
Investors are warned against falling prey to fraudsters who claim to be able to generate huge returns using bots and other AI-assisted technology.
Fintech / Regtech
US Fintech EquiLend Suffers Ransomware Attack
By Editors | 26/01/2024
Ransomware gang LockBit claimed responsibility for the attack, which has forced Wall Street banks to manual processing of certain securities lending transactions.
Market Infrastructure
BGC Group Wins CFTC Approval to Challenge CME Dominance
By Mark Johnston | 25/01/2024
BGC Group won approval to operate an exchange for US Treasury and SOFR futures and deliver competition across the CME’s US interest rate complex.
Capital / Liquidity
CME, DTCC Launch Enhanced Treasury Cross-Margining Arrangement
By Mark Johnston | 25/01/2024
The new cross-margining arrangement will offer capital savings for clearing members, and improve the efficiency and resilience of the overall Treasury market.
Sanctions
US Senate Committee Approves REPO for Ukrainians Act
By Manesh Samtani | 25/01/2024
If the legislation gets signed into law, it would pave the way for the US to confiscate Russian assets. However, the EU is unlikely to do the same.
Securities / Derivatives
US SEC Adopts Rules to Enhance Protections for SPAC Investors
By Editors | 24/01/2024
The new rules will help address information asymmetries, misleading information, and conflicts of interest in SPAC and de-SPAC transactions.
Securities / Derivatives
Philippine SEC Propose to Lower Stockbroker Commission Rates
By Editors | 24/01/2024
The minimum PHP 20 currently charged by stock brokers per transaction was set 50 years ago in 1973.
Crypto / Digital Assets
US SEC Confirms “SIM Swap” Attack as Cause of Social Media Hack
By Editors | 24/01/2024
The SEC said an employee’s phone was targeted in a “SIM swap” attack through the agency’s telecom carrier, after multifactor authentication was left disabled since last July.
Sanctions
US, UK Join Australia in Sanctioning Russian Cyber Attacker
By Mark Johnston | 24/01/2024
The US and UK took action “in solidarity with Australia” because of the similar risk Aleksandr Ermakov presents to both countries.
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