Skip to content
  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
wikifx

wikifx

  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
  • Toggle search form
  • CMC Markets sees fixed income market as poised for renaissance forex news
  • CME reports Micro Ether Futures volume exceeding 100,000 contracts forex news
  • StanChart adds Mary Huen to Group Management Team forex news
  • NFA orders Plus EV Capital LLC never to reapply for membership forex news
  • Russian c-bank to be able to quickly block fraudulent websites forex news
  • eToro tries to save SPAC IPO, lowering valuation 15% to $8.8B forex news
  • CLSA Premium parts its ways with exec director Wu Fei forex news
  • Rakuten Securities HK to impose fees on dormant accounts forex news

SEC, BTIG continue settlement talks

Posted on 2022-02-12 By admin No Comments on SEC, BTIG continue settlement talks

The United States Securities and Exchange Commission (SEC) and BTIG have reached a settlement in principle but continue discussions over details of the settlement. This becomes clear from a document filed by the SEC in the New York Southern District Court on February 11, 2022.

Let’s recall that in May 2021, the SEC took broker-dealer BTIG, LLC to Court over alleged violations of Regulation SHO. Regulation SHO regulates the short selling of securities and was designed, in part, to restrict naked short selling and to reduce failures to deliver.

According to the status update filed with the Court on February 11, 2022, the parties participated in a settlement conference before Magistrate Judge Cave and reached a settlement in principle, which is subject to approval by the Commissioners of the SEC. The settlement in principle includes an injunction, disgorgement plus prejudgment interest, and a civil money penalty.

BTIG’s counsel has raised the issue of whether the settlement in principle – namely, the injunction – would result in a “bad actor” disqualification under Rule 506(d) of Regulation D under the Securities Act of 1933, see 17 C.F.R. § 230.506(d). The SEC’s counsel confirmed that the injunction would trigger a “bad actor” disqualification unless the SEC grants a waiver of such disqualification.

BTIG’s counsel has submitted a draft waiver request letter to the Division of Corporation Finance. On February 2, 2022, the Division of Corporation Finance provided comments on the draft letter to BTIG’s counsel. On February 9, 2022, BTIG submitted a revised draft waiver request letter to the Division of Corporation Finance for its consideration.

Accordingly, the SEC and BTIG request that the Court adjourn all deadlines in this case for another 60 days – until April 12, 2022 – so that the waiver request process may be completed and the Commissioners of the SEC may consider the settlement in principle.

forex news Tags:forex-news

Post navigation

Previous Post: CFTC confirms problems with serving defendants in ROFX case
Next Post: Interactive Brokers gets a slap on the wrist for violating CME rules

Related Posts

  • Clearwater Analytics names Joseph Kochansky its President, Product and Technology forex news
  • GB Trade FX and Tradobit to have their websites blocked in Italy forex news
  • CFTC updates on its action against binary options scam Berkley Capital Management forex news
  • Western Union appoints Gabriella Fitzgerald as President, Americas forex news
  • Reddit ad for Skrill gets banned for misleading claims about cryptos forex news
  • UBS to pay $8M to settle SEC charges related to ETP investments forex news

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • EUR/USD Holds Near 1.05 as Fed, ECB Policies Shape Market Sentiment
  • Gold Prices Hold Steady Amid Global Economic Uncertainty
  • Australian Dollar: How RBA Policies, Commodity Prices, and Global Tensions Are Shaping the AUD’s Market Performance
  • EUR/USD: Understanding the Currency Pair’s Trends
  • USD Under Pressure: Navigating Economic Data and Global Uncertainties

TAG

Axiory Review 2022 B2B B2Broker News Basic Forex Knowledge broker brokers brokers in the UK Brokersview Broker tools CFDs coin News cryptocurrency Cryptocurrency News Crypto News dogecoin FCA news finance forex forex-news Forex Broker Forex Brokers Forex Demo Account Forex market forex news forex scams forex time Forex trading fx fxtrader fxtrading Global Forex Gold Analysis HotForex InstaForex LiteForex Review 2022 markets work MT4 MT5 news OctaFX Review Samtrade FX South Africa trade Forex traders Trading Forex
  • CySEC Withdraws CIF License of AFX Capital Markets Ltd forex news
  • Exclusive: Natallia Hunik joins risk and compliance solutions provider CubeLogic forex news
  • FX week in review: TikTok Forex/CFDs/crypto ban, LMAX $1B valuation, Plus500 results forex news
  • Frankfurt Exchange adds Deutsche Borse Cash Market head Eric Leupold to its Management Board forex news
  • SEC obtains Court judgment against Westport Capital Markets forex news
  • Danske Bank to merge MobilePay, Vipps and Pivo forex news
  • CySEC withdraws CIF license of SonaFX operator forex news
  • Mohamad Daher named Chief Executive Officer of CFI UK forex news

Copyright © 2025 wikifx.

Powered by PressBook News WordPress theme