Commodity Futures Modernization Act of 2000

Binance Statement in Response to SEC Complaint

Retrieved on: 
Monday, June 5, 2023
Wells, Commission, Policy, Commodity Futures Modernization Act of 2000, Commodity Futures Trading Commission, BUSD, BNB, Safety, Cryptocurrency, Security (finance), Binance

We are disappointed that the SEC chose to file a complaint today against Binance seeking, among other remedies, purported emergency relief.

Key Points: 
  • We are disappointed that the SEC chose to file a complaint today against Binance seeking, among other remedies, purported emergency relief.
  • Today, despite our efforts at productive engagement, the SEC abandoned and denied us due process, and instead unilaterally chose to litigate.
  • All user assets on Binance and Binance affiliate platforms, including Binance.US, are safe and secure, and we will vigorously defend against any allegations to the contrary.
  • Yet we prepared and submitted a response, consistent with the SEC process, and subsequently worked hard and in good faith to try to find grounds with the SEC for a reasonable resolution.

Binance Statement in Response to SEC Complaint

Retrieved on: 
Monday, June 5, 2023
Wells, Commission, Policy, Commodity Futures Modernization Act of 2000, Commodity Futures Trading Commission, BUSD, BNB, Safety, Cryptocurrency, Security (finance), Binance

We are disappointed that the SEC chose to file a complaint today against Binance seeking, among other remedies, purported emergency relief.

Key Points: 
  • We are disappointed that the SEC chose to file a complaint today against Binance seeking, among other remedies, purported emergency relief.
  • Today, despite our efforts at productive engagement, the SEC abandoned and denied us due process, and instead unilaterally chose to litigate.
  • All user assets on Binance and Binance affiliate platforms, including Binance.US, are safe and secure, and we will vigorously defend against any allegations to the contrary.
  • Yet we prepared and submitted a response, consistent with the SEC process, and subsequently worked hard and in good faith to try to find grounds with the SEC for a reasonable resolution.

Global investors and traders growing appetite for Chinese futures - Gaining access via QFI

Retrieved on: 
Friday, February 3, 2023
Convertible bond, QFI, China Media Capital, GROW, OMS, Qualification, Data analysis, Capital, Commodity Futures Modernization Act of 2000, Ecosystem, Appetite, Optimism, FOF, TRS, CIO, WFOE, Public utility, Cryptocurrency, Management, PRC

CHICAGO, Feb. 3, 2023 /PRNewswire-PRWeb/ -- OP Investment Management ("OPIM"), one of Asia's leading hedge fund platforms, RCM China Consulting ("RCMCC"), and GROW Investment Group ("GROW"), a leading China-focused institutional advisor, have jointly announced that they have entered a tri-party strategic joint venture. The purpose of the joint venture is to provide a one-stop China alternative investment solution. Recently, GROW's localized product design offering has been added to OPIM's and RCMCC's joint platform to bring established PRC onshore strategies directly to institutional investors via managed accounts and direct market access.

Key Points: 
  • The demand has increased significantly due to investor optimism for a rebound in the Chinese markets and appetite for actively managed strategies.
  • The three firms have established investment and compliance infrastructure to deliver cross-border opportunities for offshore investors, to meet the demand for actively managed strategies for the Chinese mainland markets.
  • The demand has increased significantly due to investor optimism for a rebound in the Chinese markets and appetite for actively managed strategies.
  • The team has consulted with investors and traders about China access via WFOE, QFI and TRS programs.

SEC Charges Avraham Eisenberg with Manipulating Mango Markets' "Governance Token" to Steal $116 Million of Crypto Assets

Retrieved on: 
Friday, January 20, 2023
USD Coin, Crypto, Commodity Futures Trading Commission, Security (finance), Metropolitan Detention Center, Guaynabo, Person, FBI, Justice, Complaint, CFTC, New Hampshire Department of Justice, Chicago Region Environmental and Transportation Efficiency Program, Commodity Futures Modernization Act of 2000, Cryptocurrency

According to the SEC’s complaint, beginning on October 11, 2022, Eisenberg engaged in a scheme to steal approximately $116 million worth of crypto assets from the Mango Markets platform.

Key Points: 
  • According to the SEC’s complaint, beginning on October 11, 2022, Eisenberg engaged in a scheme to steal approximately $116 million worth of crypto assets from the Mango Markets platform.
  • According to the complaint, Eisenberg used the increased value of his MNGO perpetual futures position to borrow and withdraw approximately $116 million worth of various crypto assets from Mango Markets, effectively draining all available assets from the Mango Markets platform.
  • The SEC’s ongoing investigation is being conducted by Kristin Pauley of the Crypto Assets and Cyber Unit.
  • The SEC appreciates the assistance of the U.S. Attorney’s Office for the Southern District of New York, the FBI, and the CFTC.

SynOption received exemption from SEF registration requirements from CFTC

Retrieved on: 
Thursday, October 27, 2022
SEF, Optimus, Efficiency, Option, MAS, Risk management, CFTC, Solution, FX, Commodity Futures Trading Commission, Entrepreneurship, COO, CEO, SynOptics, Monetary Authority of Singapore, Swap, RMO, Commodity Futures Modernization Act of 2000, Online gambling

SINGAPORE, Oct. 27, 2022 /PRNewswire/ -- SynOption Pte Ltd, a leading Options analytics and trading firm headquartered in Singapore and licensed as a Recognized Market Operator (RMO) by Monetary Authority of Singapore (MAS), announced it has received exemption from SEF (Swap Execution Facilities) registration requirements from CFTC (Commodities Futures Trading Commission) on 26thOct 2022.

Key Points: 
  • SINGAPORE, Oct. 27, 2022 /PRNewswire/ -- SynOption Pte Ltd, a leading Options analytics and trading firm headquartered in Singapore and licensed as a Recognized Market Operator (RMO) by Monetary Authority of Singapore (MAS), announced it has received exemption from SEF (Swap Execution Facilities) registration requirements from CFTC (Commodities Futures Trading Commission) on 26thOct 2022.
  • The exemption comes under the MAS-CFTC regime of mutual recognition of derivative trading venues in the United States and Singapore.
  • The public statement from CFTC can be seen here https://www.cftc.gov/PressRoom/PressReleases/7887-19 .
  • Since launching SynOption, it has built very niche Options focused products for institutional use including trading, analytics, and risk systems.

SynOption received exemption from SEF registration requirements from CFTC

Retrieved on: 
Thursday, October 27, 2022
SEF, Optimus, Efficiency, Option, MAS, Risk management, CFTC, Solution, FX, Commodity Futures Trading Commission, Entrepreneurship, COO, CEO, SynOptics, Monetary Authority of Singapore, Swap, RMO, Commodity Futures Modernization Act of 2000, Online gambling

SINGAPORE, Oct. 27, 2022 /PRNewswire/ -- SynOption Pte Ltd, a leading Options analytics and trading firm headquartered in Singapore and licensed as a Recognized Market Operator (RMO) by Monetary Authority of Singapore (MAS), announced it has received exemption from SEF (Swap Execution Facilities) registration requirements from CFTC (Commodities Futures Trading Commission) on 26thOct 2022.

Key Points: 
  • SINGAPORE, Oct. 27, 2022 /PRNewswire/ -- SynOption Pte Ltd, a leading Options analytics and trading firm headquartered in Singapore and licensed as a Recognized Market Operator (RMO) by Monetary Authority of Singapore (MAS), announced it has received exemption from SEF (Swap Execution Facilities) registration requirements from CFTC (Commodities Futures Trading Commission) on 26thOct 2022.
  • The exemption comes under the MAS-CFTC regime of mutual recognition of derivative trading venues in the United States and Singapore.
  • The public statement from CFTC can be seen here https://www.cftc.gov/PressRoom/PressReleases/7887-19 .
  • Since launching SynOption, it has built very niche Options focused products for institutional use including trading, analytics, and risk systems.

EQS-News: Hacking, Fake Volume And Market Manipulation – The Issues In Crypto Trading And How One Company Is Helping Combat Them

Retrieved on: 
Wednesday, September 21, 2022
Bitcoin, Ethereum, CBOE, Amazon (company), AMZN, Celsius, Spot market, BTC, Advertising, CFTC, BitMEX, LLC, Risk management, DCO, Voyager, Bankruptcy, New York State Department of Financial Services, Acquisition, Growth, Alphabet Inc., DCM, Smart contract, FTX, Commodity Futures Trading Commission, Environment, LUNA, Â, Investment, Apple Inc., KYC, Euphoria, CRYPTO, BATS, Cboe Global Markets, NASDAQ, Financial services, Commodity Futures Modernization Act of 2000, AML, Blockchain.com, AAPL, Microsoft, MSFT, Security (finance), Cryptocurrency, Voyageur

Ripe at this stage are issues that mature markets such as equities, bonds and foreign exchange have long been combating but are largely unaddressed in crypto.

Key Points: 
  • Ripe at this stage are issues that mature markets such as equities, bonds and foreign exchange have long been combating but are largely unaddressed in crypto.
  • While market participants on decentralized exchanges may experience the type of market manipulation described [above] , they will not find it on ErisX.
  • To combat sophisticated market manipulation practices, ErisX champions the use of a blend of adaptive tools and an experienced market surveillance team.
  • The CFTC does not have regulatory oversight authority over virtual currency products including spot market trading of virtual currencies.

Occidental Announces Tender Results of Cash Tender Offers for Certain of its Senior Notes

Retrieved on: 
Wednesday, March 9, 2022
Permian, Carbon, TD, Settlement date, Person, Priority level, Accident, Organization of Arab Petroleum Exporting Countries, TD Securities, Death Note (2015 TV series), Acceptance, Park Avenue, LLC, Cyberattack, BofA Securities, Purchase price allocation, Transport, Personal Information Agent, Table, Kitchen Party (girl group), Public expenditure, HSBC, Natural gas, Risk management, Accrued liabilities, Lists of disasters, Offers, Climate change, Commodity Futures Modernization Act of 2000, 245 Park Avenue, Weather, Accrued interest, Attention, Pool, Investment, Organization, Interest, DJ, COVID-19, Vanderbilt Avenue, Virtual Pool 2, Security (finance), Health insurance, Gulf of Mexico, Note, Occidental, Series

If any Series of Notes is accepted for purchase pursuant to the Offers, all Notes of that Series that are validly tendered will be accepted for purchase.

Key Points: 
  • If any Series of Notes is accepted for purchase pursuant to the Offers, all Notes of that Series that are validly tendered will be accepted for purchase.
  • Therefore, the Pool 1 Maximum Consideration Condition has not been satisfied with respect to any Series of Pool 1 Notes.
  • Therefore, the Pool 2 Maximum Consideration Condition has not been satisfied with respect to any Series of Pool 2 Notes.
  • Actual results may differ from anticipated results, sometimes materially, and reported results should not be considered an indication of future performance.

Occidental Announces Cash Tender Offers for Certain of its Senior Notes

Retrieved on: 
Monday, February 28, 2022
Permian, Carbon, Vanderbilt Avenue, Natural gas, BofA Securities, Accrued liabilities, Priority level, COVID-19, Cyberattack, Acceptance, Attention, TD Securities, DJ, Weather, Organization, Climate change, Accident, Investment, Public expenditure, TD, LLC, Transport, Settlement date, Interest, Withdrawal time, HSBC, Person, Table, Park Avenue, Personal Information Agent, 245 Park Avenue, Lane v. Holder, Virtual Pool 2, Death Note (2015 TV series), Kitchen Party (girl group), Pool, Organization of Arab Petroleum Exporting Countries, The Purchase Price, Commodity Futures Modernization Act of 2000, First, Accrued interest, Purchase price allocation, Risk management, Lists of disasters, Security (finance), Health insurance, Purchasing, Series, Note, Gulf of Mexico, Occidental, Offers

If any Series of Notes is accepted for purchase pursuant to the Offers, all Notes of that Series that are validly tendered will be accepted for purchase.

Key Points: 
  • If any Series of Notes is accepted for purchase pursuant to the Offers, all Notes of that Series that are validly tendered will be accepted for purchase.
  • Holders who validly tender and do not validly withdraw their Notes at or prior to the Expiration Time will be eligible to receive the applicable Purchase Price.
  • The Acceptance Priority Levels will operate concurrently but separately for the Pool 1 Notes and the Pool 2 Notes.
  • The Offers are not conditioned on the tender of any minimum principal amount of Notes or the consummation of any other Offer.

Itau Unibanco S.A. Selects BNP Paribas Securities Services for Local Custody Services in Colombia

Retrieved on: 
Tuesday, February 22, 2022
Banking, Professional Services, Finance, European Central Bank, Central bank, Judgement, Dow Jones, BNP Paribas, Partnership, Prudential Regulation Authority, Financial Conduct Authority, EEA, National Futures Association, DJSI, Security (finance), Broker-dealer, Industry, Sale, Prudential regulation, LLC, Ukrsibbank BNP Paribas Group, U.S. Securities and Exchange Commission, Financial Industry Regulatory Authority, Index, Commodity broker, Commodity Futures Modernization Act of 2000, Marks and Spencer plc v BNP Paribas Securities Services Trust Company (Jersey) Ltd, USD, View, Commodity Futures Trading Commission, Financial services, SIPC, State, Australian Prudential Regulation Authority, Financial adviser, BNP Paribas Securities Services (, Itaú Unibanco (, BNP PARIBAS SECURITIES SERVICES (, ITAú UNIBANCO (

Itau Unibanco will benefit from BNP Paribas Securities Services world-class service, tailor-made solutions and dedicated client support team, with the global backing and financial strength of BNP Paribas Group.

Key Points: 
  • Itau Unibanco will benefit from BNP Paribas Securities Services world-class service, tailor-made solutions and dedicated client support team, with the global backing and financial strength of BNP Paribas Group.
  • BNP Paribas Securities Services, a wholly owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider.
  • BNP Paribas Securities Services and its subsidiaries shall not be liable for any errors, omissions or opinions contained within this document.
  • In the U.S., BNP Paribas Securities Services is a business line of BNP Paribas which is incorporated in France with limited liability.