John C Ertman, a long-time litigator for the investment management industry, has launched a new, conflict-free litigation firm, Ertman Dulis & Helisek. The firm has offices in New York, New Jersey and Pennsylvania and is uniquely focused on investment management
The Securities and Exchange Commission (SEC) has obtained an asset freeze and other emergency relief against Florida-based investment adviser Kinetic Investment Group and its managing member, Michael Scott Williams, in connection with an alleged fraudulent, unregistered securities offering that raised
The Commodity Futures Trading Commission (CFTC) has approved Australian Securities Exchange Limited’s (ASX 24) application to permit direct access for US customers to trade on its platform. ASX 24, a foreign board of trade (FBOT) is now registered with the
The Maltese Government has issued three cryptocurrency bills – the Virtual Financial Assets Act, the Malta Digital Innovation Authority Act and the Innovative Technology Arrangements and Services Act. To avoid possible negative connotations associated with the use of the word
TRAction, a regulatory reporting services provider, has launched a new solution to assist UK and European investment managers with their MiFID II obligations to monitor and give clients the best possible execution outcomes.
The European Energy Exchange AG (EEX) has been registered as an administrator in accordance with Article 34 of the EU Benchmark Regulation (Regulation (EU) 2016/1011 of 8 June 2016) approved by the Federal Financial Supervisory Authority (BaFin). The registration is effective
The Derivatives Service Bureau (DSB), founded by the Association of National Numbering Agencies (ANNA) to facilitate the allocation and maintenance of International Securities Identification Numbers (ISINs), Classification of Financial Instrument codes (CFIs) and Financial Instrument Short Names (FISNs), for OTC
A risk-based approach to governance and compliance can help financial services firms implement a holistic view of their processes and procedures while ensuring high levels of trade surveillance and monitoring. “We believe the goal is to get away from siloed
The Commodity Futures Trading Commission (CFTC) Division of Market Oversight (DMO) and Division of Clearing and Risk (DCR) has issued a joint staff advisory that gives exchanges and clearinghouses guidance for listing virtual currency derivative products. “The CFTC staff are
SGX has been notified by the National Stock Exchange of India (NSE) of an application made in the Bombay High Court for an interim injunction against its new India derivatives products. SGX says it has full confidence in its legal
