To embed, copy and paste the code into your website or blog:
Yesterday, the Senate, in a vote largely along party lines, approved the nomination of Gary Gensler to be the new chair of the Securities and Exchange Commission. Gensler, a former Goldman Sachs executive who also ran the Commodities Futures Trading Commission during the Obama administration, is expected to lead the SEC in a different direction from that of former chair Jay Clayton.
Gensler’s appointment as the chair of the SEC breaks the 2-2 deadlock that resulted when Clayton stepped down following the Presidential election in 2020. Somewhat interestingly, Gensler’s appointment was approved only for the remaining portion of Clayton’s term – which ends June 5, 2021, though under existing rules, he may remain in the position without further Senate approval for up to 18 months following the end of that term. I don’t believe this signals that Gensler’s term will be a short one though, as the Senate has alrea
AUD/USD Trading Preparation for the Week Ahead
Join DailyFX Currency Analyst Daniel Moss LIVE as he discusses the technical and fundamental AUD/USD outlook for the week ahead.
Recurring daily
Recurring weekly
Recurring biweekly
Recurring event
One-time event
Date:
20 Apr
Last Name:
E-Mail:
Phone:
Country/Region:
Yes
Are you interested in opening a live account with IG?
Yes
Do you want us to open a risk free Demo Account with IG for you?
Yes
Please fill out this field.
I d like to receive the DailyFX Markets Newsletter and information from IG about their products and services via email.
Yes
Environmental, Social and Governance
President Joe Biden has pledged swift action to tackle what he calls a climate emergency. Acting chair Allison Herren Lee has already indicated that the SEC will focus on greater transparency and how corporate actions may be affecting the climate.
Climate change, Herren Lee has argued, fits squarely in the SEC s mandate of providing data for investor protection.
That mandate can be fairly broad: In a recent speech, she argued that even political spending disclosure can be linked to ESG issues.
GameStop fallout
The GameStop situation has led to numerous calls for investigations around gamification of trading, market manipulation, and whether it is feasible to move from the current two-day settlement period for stocks (T + 2) to one day.
The Situation: The Securities and Exchange Commission’s Division of Examinations ("EXAMS") released a Risk Alert on March 29, 2021, reminding broker-dealers of their obligation to.
In Short
The Situation: The Securities and
Exchange Commission s Division of Examinations
( EXAMS ) released a Risk Alert on March 29, 2021, reminding
broker-dealers of their obligation to comply with anti-money
laundering ( AML ) requirements imposed by the Bank
Secrecy Act ( BSA ) and related regulations in
particular, those relating to the filing of Suspicious Activity
Reports ( SARs ).
The Result: The Risk Alert highlighted
deficiencies observed by EXAMS and encouraged broker-dealers to
review and improve their AML policies, procedures, and controls
related to the monitoring and reporting of suspicious activity.
Looking Ahead: The Alert, together with
EXAMS 2021 Examination Priorities, signals a continuing focus
by the SEC on AML issues. To diminish the possibility of an