Investment Executive (IE)

1 day ago | investmentexecutive.com | James Langton

James Langton U.S. banking regulators are consulting on proposed changes to the capital rules for large Wall Street banks that would ease their capital constraints. In a joint consultation, U.S. regulators — including the Federal Reserve Board, the Federal Deposit Insurance Corp.

1 day ago | investmentexecutive.com | James Langton

James Langton The former CEO of a tech company who was accused of misleading investors by overstating the firm’s financial results when raising venture capital has now pled guilty to fraud charges in the U.S.Last year, Baba Nadimpalli, the founder and former CEO of SKAEL Inc.

1 day ago | investmentexecutive.com | James Langton

James Langton An Ontario court declined to stay the receivership imposed on a collection of real estate investment firms that was sought by the Ontario Securities Commission (OSC) amid concerns about potential misconduct. In May, the Ontario Superior Court of Justice granted the OSC’s application for a receiver to be appointed to manage the affairs of a group of companies and related limited partnerships, including Cacoeli Asset Management Inc.

1 day ago | investmentexecutive.com | James Langton

James Langton Quebec is joining other major jurisdictions in delegating most of the dealer registration function to the Canadian Investment Regulatory Organization (CIRO), effective July 1. In April, most of the provincial regulators formally delegated their dealer registration functions to CIRO, as part of an effort to streamline oversight and reduce the compliance burden.

1 day ago | investmentexecutive.com | James Langton

Fitch said that the revisions reflect “the recent de-escalation” in trade tensions between the U.S. and China. As a result, it also raised the outlook for U.S. growth to 1.5% for 2025, up from its previous forecast of 1.2%, noting that recession risks are receding. For China, the forecast for this year has also been revised up to 4.2% from 3.9%.