Hong Kong-Mainland ETF cross-listing approved
SFC, 28 Aug 2020
The Securities and Futures Commission (SFC) today authorized
two exchange-traded funds (ETFs) to be listed on the Stock Exchange of Hong
Kong (SEHK) under a scheme which will facilitate cross-listing of ETFs between
markets in Hong Kong and the Mainland.
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ESMA Proposes to Further Postpone CSDR Settlement Discipline
ESMA, 28 Aug 2020
The European Securities and Markets Authority (ESMA), the
EU’s securities markets regulator, has today published a final report on draft
regulatory technical standards (RTS) definitively postponing the date of entry
into force of the Commission Delegated Regulation (EU) 2018/1229 (RTS on
settlement discipline) until 1 February 2022.
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SEC Charges Ponzi Scheme Targeting African Immigrants
SEC, 28 Aug 2020
According to the SEC’s complaint, Dennis Jali, John
Frimpong, and Arley Johnson, directly and through their companies 1st Million
LLC and The Smart Partners LLC, falsely told investors that their funds would
be used by a team of skilled and licensed traders for foreign exchange and
cryptocurrency trading, promising risk-free returns of between 6% and 42%. The
complaint alleges that the defendants often targeted vulnerable African
immigrants and exploited their common ancestry and religious affiliations.
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