News
(Bloomberg)($)
Two Securities and Exchange Commission lawyers resigned after a federal judge sanctioned and sharply rebuked the Wall Street regulator for “gross abuse” of power in a crypto case. Michael Welsh and Joseph Watkins stepped down this month after an SEC official told them that they would be terminated if they stayed, according to people familiar with the matter. The pair were lead attorneys on a case against Digital Licensing Inc., a crypto platform known as DEBT Box.
(The Block)
A newly introduced bill in the Senate would be beneficial to stablecoin issuers, according to a note from investment bank TD Cowen. The Lummis-Gillibrand Payment Stablecoin Act, introduced last week by Sens. Kirsten Gillibrand, D-N.Y., and Cynthia Lummis, R-Wyo., would create “clear rules of the road,” the bank said in a note on Monday.
(Bloomberg)($)
The allegedly secret trading strategy over which Jane Street Group is suing two former traders and Millennium Management involves options trading in India, lawyers inadvertently revealed at a court hearing. Jane Street, which sued Millennium as well as former employees Douglas Schadewald and Daniel Spottiswood last week, had sought to close the Friday hearing before US District Judge Paul Engelmayer in Manhattan. The judge denied that request but urged the parties to avoid mentioning any trade secrets.
(WSJ)($)
Long-dormant efforts to restrict Wall Street pay have returned to the agenda as regulators make another push to address unfinished business from a 2010 financial overhaul. Banking regulators are planning to revive a proposal that would require big banks to defer compensation for executives and take back more of their bonuses if losses pile up, according to people familiar with the matter.
More News
-
Industry calls for major rethink of Basel III rules
(Risk.net)($)
-
Regulatory Round-up April
(Best Execution)
-
FSB sets out NBFI liquidity preparedness proposals
(Best Execution)
-
SEC Fines 16 Firms in Latest WhatsApp Probe Penalties
(Bloomberg)($)
-
ESMA: EMIR data quality ‘evolving positively’
(Best Execution)
-
Tag, not it! First mover hesitancy for research rebundling
(Best Execution)
-
FDIC Chief Says US Ready If Big Wall Street Bank Ever Failed
(Bloomberg)($)
-
SEC delays decision on spot bitcoin ETF options
(The Block)
-
Hidden Road ready for rush hour after FCM approval
(Risk.net)($)
-
SEC Wins Trial in Novel ‘Shadow’ Insider Trading Crackdown
(Bloomberg)($)
-
Senvest Management hit with $6.5m recordkeeping fine
(Best Execution)
-
The Derivatives Service Bureau calls for industry input on OTC Derivative Identifier Services
(The Derivatives Service Bureau)
-
Feature: FTX’s Original Sin Is a Warning to All of Crypto
(Bloomberg)($)
-
Bitwise files for a spot ether ETF
(Blockworks)
-
SBF Is Going to Prison for 25 Years
(CoinDesk)
-
How Sam Bankman-Fried’s Sentence Compares With Other White-Collar Cases
(New York Times)($)
-
House Republicans seek answers from SEC on non-security digital assets
(Financial Regulation News)
-
FINRA Enhances Post-Trade Transparency in U.S. Treasuries
(Markets Media)
-
OpenYield Trading prints first trade
(The Desk)
Most Commented