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Susquehanna Int'l Group, et al v. SEC

  1. August 09, 2017

    DC Circ. Decision Highlights SEC's Oversight Tightrope

    After a highly critical D.C. Circuit decision Tuesday found the U.S. Securities and Exchange Commission "abdicated" its responsibility to review a capital plan submitted by the Options Clearing Corp., experts said the agency will need to step up its oversight of the organizations that handle swaths of the financial system, even as that oversight becomes more difficult.

  2. August 08, 2017

    DC Circ. Wants More SEC Scrutiny Of Clearinghouse Plan

    The D.C. Circuit on Tuesday ordered the U.S. Securities and Exchange Commission to take another look at a capital plan filed by Options Clearing Corp. that challengers said would hand the clearinghouse's owners a windfall of millions of dollars, saying the agency failed to performed its own analysis of the plan.

  3. August 26, 2016

    Options Clearing Corp. Weighs In On Capital Plan Challenge

    Derivatives clearinghouse Options Clearing Corp. asked the D.C. Circuit to affirm a U.S. Securities and Exchange Commission decision to approve its capital plan, arguing Thursday that the plan is "necessary and appropriate for OCC to fulfill its role" as a systematically important financial markets utility.

  4. August 05, 2016

    SEC Says Hands Were Tied With Clearinghouse Capital Plan

    The U.S. Securities and Exchange Commission asked the D.C. Circuit on Thursday to reject an appeal by two of Wall Street's top options trading firms and exchange operator Bats Global Markets Inc. against Options Clearing Corp.'s capital plan, saying its approval of the plan was a matter of law.

  5. February 24, 2016

    DC Circ. Says No To Halting Clearinghouse Capital Plan

    The D.C. Circuit on Tuesday refused to delay Options Clearing Corp. from enacting its capital plan, which two of Wall Street's top options trading firms and exchange operator Bats Global Markets Inc. contend will unfairly hand its owners a $161 million windfall.

  6. February 23, 2016

    OCC's Capital Plan Poses Imminent Harm, DC Circ. Told

    Two of Wall Street’s top options trading firms and exchange operator Bats Global Markets Inc. on Tuesday urged the D.C. Circuit to block Options Clearing Corp. from enacting a capital plan that they say will unfairly benefit its owners, citing a risk of irreparable harm.

  7. February 22, 2016

    SEC Urges DC Circ. To Uphold Clearing Corp.'s Capital Plan

    The U.S. Securities and Exchange Commission on Monday urged the D.C. Circuit to deny a request from a group of Wall Street giants that want the court to issue an emergency order blocking the Options Clearing Corp. from enacting a capital plan that they say will unfairly benefit its owners.

  8. February 18, 2016

    Wall St. Players Sue SEC To Stop Clearinghouse Capital Plan

    Two of Wall Street's top options trading firms and exchange operator Bats Global Markets Inc. asked the D.C. Circuit on Wednesday to stay a recent U.S. Securities and Exchange Commission order approving a capital plan by the Options Clearing Corp., which the litigants say will soon give away millions of dollars to the five exchanges that own the market utility.