The Alternative Reference Rates Committee expressed support for the launch of Refinitiv's prototype publication of ARRC-recommended LIBOR cash fallback spreads and rates.
News & Insights
Three individuals settled CFTC charges for their part in a fraudulent scheme that involved offering customers "an opportunity to profit from speculative trading that was based upon price fluctuations in Bitcoin."
A derivative exchange specializing in the trading of products based on virtual currencies settled CFTC and FinCEN charges for operating as an unregistered futures commission merchant and for Bank Secrecy Act violations.
President Joseph R. Biden signed a new Executive Order to expand the scope of prohibitions "blocking property of certain persons undermining democratic processes or institutions in Belarus."
FINRA adopted rule changes to (i) shut down the OTC Bulletin Board Service and delete all related rules, and (ii) establish new requirements for alternative systems run by individual broker-dealers that disseminate identified broker-dealer quotations in OTC Equity Securities.