On 17 June 2025, DoJ reported charges on identity theft and bank fraud. DoJ reported a 17-count indictment against Ahmad Nassar and Ayman Alaaraj. Brothers-in-law indicted for bank takeover scheme and aggravated identify theft. Allegations Defendants used SIM swapping to hijack elderly victims’ accounts and bypass security. Over $794,000 was stolen through unauthorized transfers and […]
On 5 June 2025, SIFMA issued letter urging short selling reporting extension. SIFMA issued letter to the SEC to request an extension of the compliance date for certain obligations of broker-dealers reporting to the Consolidated audit trail (CAT). Follows February 2025 SEC temporary exemption from short selling report. Document dated 5 June 2025, received from […]
On 17 June 2025, POL PPK advised that following POL FSA’s decision on takeover of 13 June 2025, subfunds with a similar level of risk and investment horizon separated within Skarbiec PPK SFIO (acquiring fund) and PFR PPK SFIO (acquiring fund) had been merged. POL PKK said this will enable greater efficiency in managing PPK […]
On 12 June 2025, TAI EXC amended rules governing early warnings. TAI EXC revised Rules governing early warnings for overall operational risk of securities firms, in order to refine early-warning indicators for securities firms. Revisions Definitions, terminology are updated for consistency and to reflect growing complexity. Unrestricted loans, all client financing are consolidated to assess […]
On 19 June 2025, TAI FSC stipulated exemptions for short selling prohibitions. TAI FSC, TAI Justice issued orders under article 32 of Regulations governing securities firms, article 10 of Regulations governing securities borrowing and lending (short selling) by securities firms, and article 38 of Regulations governing securities finance enterprises. Follows TAI FSC November 2023 issued […]
On 18 June 2025, BRZ CVM published Resolution 230, to postpone effective date until 1 October 2025. Resolution 216 covers specific changes to harmonize rules with Resolution 215. Resolution 215 set new regulatory regime for the OPA, replacing Resolution 85. These Resolutions are a result of Public Hearing 05/23, re public share acquisition. The main […]