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Worth the Read by FIA PTG

June 22, 2018

Japan’s Largest Crypto Exchanges to Face the Wrath of the FSA

Japan’s Largest Crypto Exchanges to Face the Wrath of the FSA

Japan’s Financial Services Agency (FSA) will be taking administrative action against several registered cryptocurrency exchange operators in the country.

newsbtc.com
Jay Clayton's testimony on digital assets

Jay Clayton's testimony on digital assets

If you are attempting to fund a project—whether it be opening a new manufacturing plant or creating an application on a distributed network—by inviting others to invest in the enterprise based on the expectation that they will profit from other people’s efforts, the same laws and standards apply: register the securities offering or use an exemption from registration.

sec.gov
Exchanges, industry group petitions SEC to create committee on options market

Exchanges, industry group petitions SEC to create committee on options market

In a letter to the Securities and Exchange Commission, Cboe, along with the Securities Industry and Financial Markets Association and the Security Traders Association, warned of "unintended consequences" impacting the options market resulting from changes in equity market regulations, including Regulation National Market System in 2005.

pionline.com
Remarks of Commissioner Brian Quintenz at the Institute of International Bankers

Remarks of Commissioner Brian Quintenz at the Institute of International Bankers

There is a fine line between protecting the financial system and punishing it. Financial regulations which are more punitive do not necessarily offer more protection. Other jurisdictions may pursue a punitive approach if they believe it is best for their markets. However in my capacity as Commissioner, I will not be persuaded to follow their course purely for the sake of harmonization.

cftc.gov
Haraburda to chair Innovators Pavilion Committee

Haraburda to chair Innovators Pavilion Committee

FIA PTG executive committee member Matt Haraburda will once again chair the #innovatorspavilion at #FIAexpo. Learn more here: https://t.co/qWnYnIEJpQ

twitter.com
The European Union and United States Must Respect Their Financial Regulatory Differences

The European Union and United States Must Respect Their Financial Regulatory Differences

Take, for example, the EU’s proposed changes to the supervision of third-country CCPS [which]...reduce risk in the marketplace. Under the European Commission’s proposal, a U.S. CCP, already subject to U.S. rules and oversight, would also be subject to strict EU rules and oversight. Some might even have to relocate parts of their business to the EU.

uschamber.com
Supreme Court says SEC judges improperly appointed

Supreme Court says SEC judges improperly appointed

Internal judges at the Securities and Exchange Commission have been improperly appointed, the Supreme Court ruled on Thursday in a decision that creates uncertainty about the use of such judges across the federal government.

ft.com
An Ethereum Futures Future? U.S. Commodities Giants Lie In Wait After SEC Surprise

An Ethereum Futures Future? U.S. Commodities Giants Lie In Wait After SEC Surprise

The two largest commodities exchanges in the United States are now exploring ethereum, with a possible future for the cryptocurrency futures.

forbes.com
Daniel Gorfine on Twitter

Daniel Gorfine on Twitter

“I enjoyed this great conversation with @JoAnnBarefoot on a wide range of topics, including #LabCFTC, the benefits of technology testing authority, and fostering market-enhancing #fintech and #regtech

twitter.com
Tighter HFT capital rules will only harm eurozone market trading

Tighter HFT capital rules will only harm eurozone market trading

A regulatory push for banks to set aside more capital against their trading operations has constrained their ability to support two-way prices across markets.

ft.com