United States

Securities / Derivatives

SEC Adopts New Rules for Private Fund Advisers

By Editors | 24/08/2023

The new rules will help promote greater competition and thereby efficiency, said SEC chair Gary Gensler.

Enforcement

Two Former JPMorgan Traders Jailed on Spoofing Charges

By Editors | 23/08/2023

Gregg Smith was sentenced to two years in prison, while Michael Nowak was sentenced to one year and one day in prison.

Enforcement

US Court Rules AI-Generated Work Cannot be Copyrighted

By Manesh Samtani | 22/08/2023

Human authorship is a bedrock requirement of copyright, a federal judge ruled in a case that dates back to 2019.

Sanctions

OFAC Highlights US-Origin Goods in Latest Sanctions Settlement

By Editors | 18/08/2023

Employees at a UAE subsidiary of a US firm falsified documents in an attempt to disguise the transactions involving the re-export of US-origin goods to Iran.

Crypto / Digital Assets

Coinbase Successfully Registers as Futures Commission Merchant

By Editors | 17/08/2023

This is the first time a crypto-native platform in the US has been granted approval to offer crypto futures alongside traditional spot crypto trading.

Crypto / Digital Assets

FDIC Adds Crypto as Key Risk in Annual Review Report

By Editors | 17/08/2023

The FDIC says it has developed processes to engage in “robust supervisory discussions” with banks on crypto-asset risks.

Sanctions

US Sanctions Three Entities Tied to Russia-DPRK Arms Deals

By Editors | 16/08/2023

The three entities are owned or controlled by a Slovakian arms dealer who was sanctioned by the US in March.

Market Infrastructure

Philippines to Implement T+2 Stock Settlement Cycle on 24 Aug

By Sanday Chongo Kabange | 16/08/2023

The move will enhance operational efficiency, reduce risk, and align with overseas markets, said PSE CEO Ramon Monzon.

ESG / Sustainability

US SEC Scrutinising ESG Marketing by Fund Managers – Report

By Sanday Chongo Kabange | 16/08/2023

The SEC’s enforcement division sent document requests to several asset managers seeking information about their ESG strategies and marketing prepositions.