Washington D.C., Feb. 21, 2019 — The Securities and Exchange Commission today announced that Giles Cohen has been named Acting Chief Counsel, Office of the Chief Accountant (OCA). Mr. Cohen joined the SEC in 2005 as senior counsel in the Division of Enforcement, and later served as counsel in the Office of Commissioner Luis Aguilar. Mr. […]
SEC Names James P. McNamara as Chief Human Capital Officer
Washington D.C., Feb. 21, 2019 — The Securities and Exchange Commission today announced that James P. McNamara has been named the agency’s Chief Human Capital Officer (CHCO) and Director of the Office of Human Resources (OHR). Mr. McNamara has served as Acting CHCO since April 2018. As CHCO, Mr. McNamara will manage the agency’s human […]
Overview recruitments – Updated 21 February 2019
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Regulation round-up February 2019
February 2019 Quick Links Introduction: Nausicaa Delfas, Executive Director of International Welcome to this edition of Regulation round-up, which includes an update on Brexit. We continue to plan for a range of scenarios for Brexit, including the possibility of the UK leaving the EU on 29 March 2019 without a deal. A significant part of our work […]
Ending reliance on LIBOR: Overview of progress made on transition to overnight risk-free rates and what remains to be done
Speaker: Megan Butler, Executive Director of Supervision – Investment, Wholesale and SpecialistsEvent: Investment Association, LondonDelivered: 21 February 2019Note: this is the speech as drafted and may differ from the delivered version Highlights: Firms need to end their reliance on the London Inter-bank Offered Rate (LIBOR) by end-2021. We have seen 15 sterling bond issues that have referenced compounded The Sterling […]
Thematic review of restructuring in the credit union sector
21 February 2019 Press Release Restructuring has transformed the sector, reducing by half the number of smaller credit unions, whilst almost doubling the number of larger credit unions. Credit unions involved in restructuring marginally improved their financial position and performance. Restructuring remains a strategic option for consideration by […]
FCA issues its first decision under competition law
The firms are: Hargreave Hale Ltd Newton Investment Management Limited River and Mercantile Asset Management LLP (RAMAM) The FCA has fined Hargreave Hale £306,300 and RAMAM £108,600. The FCA has not imposed a fine on Newton because it was given immunity under the competition leniency programme. The infringements consisted of the sharing of strategic information, […]
SEC Charges Broker-Dealer and Transfer Agent in Microcap Shell Factory Fraud
Washington D.C., Feb. 20, 2019 — The Securities and Exchange Commission today announced charges against a broker-dealer, a transfer agent, and three individuals for their roles in the creation of over a dozen undisclosed “blank check” companies from 2009 to 2014. In its complaint, the SEC alleges that broker-dealer Spartan Securities Group, Ltd. and transfer […]
Harper and Brown / Harper & Brown
Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us. However, some firms act without our authorisation and some knowingly run investment scams. This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we […]
Company Settles Unregistered ICO Charges After Self-Reporting to SEC
Washington D.C., Feb. 20, 2019 — The Securities and Exchange Commission today charged Gladius Network LLC with conducting an unregistered initial coin offering (ICO), which the company self-reported to the SEC. According to the SEC’s order, Gladius conducted an ICO in late 2017, after the Commission had warned in its DAO Report of Investigation […]