United States

ESG / Sustainability

US SEC Has Disbanded Enforcement Division’s ESG Task Force

By Nithya Subramanian | 18/09/2024

The SEC shut down the task force following increasing anti-ESG backlash from companies, investors, state officials and courts.

Crypto / Digital Assets

Switzerland’s SIX Explores Launching Crypto Exchange

By Thisanka Siripala | 18/09/2024

The platform is expected to cater to the growing institutional interest in the crypto space, rather than retail investors.

Sanctions

OFAC Sanctions More Members of Intellexa Spyware Consortium

By Editors | 18/09/2024

The sanctions target five individuals and an entity for their roles in developing, operating, and distributing commercial spyware technology marketed under the “Predator” brand.

Enforcement

US SEC Fines 12 Municipal Advisors for Record Keeping Violations

By Editors | 18/09/2024

The 12 firms agreed to pay combined penalties of more than $1.3mn for failures to preserve records of business communications using unofficial channels.

Market Infrastructure

Eurex Allows US Introducing Brokers to Become Direct Members

By Nithya Subramanian | 18/09/2024

The change will enable US market participants to execute trades on Eurex markets via domestic introducing brokers throughout the US trading day.

Sanctions

US Sanctions Georgian Officials Over Human Rights Abuses

By Editors | 17/09/2024

OFAC sanctioned four individuals while the State Department announced visa restrictions on more than 60 others and their family members.

Securities / Derivatives

US Move to T+1 Settlement Cycle Declared a Success

By Thisanka Siripala | 17/09/2024

Despite earlier fears, SIFMA, ICI and DTCC said there was no increase in failed trades, operational glitches or FX settlement issues following the transition.

Crypto / Digital Assets

Thai SEC Consults on Measures to Improve Investment Token Ecosystem

By Nithya Subramanian | 17/09/2024

Securities and futures firms will be allowed to carry out business involving cryptocurrency and investment tokens through separate legal entities.

AML / KYC

US OCC Imposes Restrictions on Wells Fargo for AML Deficiencies

By Editors | 17/09/2024

The OCC requires Wells Fargo to address deficiencies and seek prior written approval before launching new products or services or entering new geographies.