Contributed by Shaun Murray, CEO at Margin Reform, here’s a handy chart (pdf) to show the UMR Jurisdiction and the local jurisdiction updates.
An official with the U.S. Securities and Exchange Commission’s (SEC) accounting oversight arm on Thursday said it sees “no prospects” of being able to properly do its job overseeing disclosures and preventing accounting fraud in China, amid ongoing consideration by the Trump administration of how to stave off the possible investor risk.
Ken Griffin, head of the $33 billion hedge fund Citadel, called on U.S., Chinese and other foreign regulators to work together to provide better oversight of foreign companies listed on U.S. exchanges.
The D.C. Circuit was asked in Nasdaq Stock Market, LLC vs. Securities and Exchange Commission, 2020 WL 3023116, to consider whether fees that national securities exchanges charges for access to the “depth-of-book” data violate the Securities Exchange Act of 1934 (“Exchange Act”). Here’s the analysis.
ION Group’s planned takeover of Broadway Technology has been thrown into doubt after a UK watchdog ruled that the deal could raise competition concerns in the supply of electronic trading systems.