News Centre

Statement On Final Judgment Entered Against BBX Capital Corporation And Alan B. Levan, Andrew Ceresney, SEC Director, Division Of Enforcement, Sept. 24, 2015

Date 25/09/2015

“We are pleased that the judgment holds BBX and Levan accountable for their financial crisis misdeeds, imposes substantial financial penalties on them, and for two years bars Levan from serving as an officer or director of a publicly traded company.   We will continue to hold CEOs and other senior executives of public companies accountable, including through trials, if they engage in financial fraud and other violations of the federal securities laws.”

California Lt. Governor Gavin Newsom And Golden State Warriors Celebrate Grand Opening Of The Nasdaq Entrepreneurial Center

Date 24/09/2015

The Nasdaq Entrepreneurial Center today opened the doors to its 13,000 square-foot, ultra-modern facility in San Francisco's South Financial District. California Lt. Gov. Gavin Newsom and 2015 NBA Champion Golden State Warriors Center, Festus Ezeli, joined Nasdaq officials, CEO Bob Greifeld and Vice Chairman Bruce Aust, in ringing the Nasdaq Closing Bell remotely from San Francisco in celebration of the Center's launch.

Statement On New Rulemaking Website, Commissioner Luis A. Aguilar, U.S. Securities And Exchange Commission*

Date 24/09/2015

I want to commend Chair White for her announcement today of a new website that will provide increased visibility into the Commission’s rulemaking process.[1] The new website can be found here: http://www.sec.gov/rules/rulemaking-index.shtml. When I approached the Chair with this concept, she immediately recognized its importance and moved to implement it. This website will provide the public with enhanced transparency and regulatory certainty about the progress of proposed rules. Furthermore, this website will help the Commission to better monitor and assess the progress of its pending rule proposals. In recent years, it has become even more important that the Commission be able to accurately monitor its rulemaking process because shifting priorities, a massive workload, and periodic turnover of Commission personnel can slow the progress of rulemaking. This project also underpins recent statements I have made on increased transparency in Commission Orders and the Commission’s waiver process.[2]Ultimately, by pulling back the shades on the Commission’s rulemaking process, the Commission strengthens its protocols and enhances its credibility with the investing public.

Harmoney Completes $200m Funding Round With A Valuation Of $100m - Working Capital To Accelerate Growth in NZ And Australia - Investment By World's Leading P2P Investment Fund, P2P Global Investments PLC

Date 24/09/2015

Harmoney Corp Limited, Australasia's largest and fastest growing peer to peer lending marketplace, today announced that the company has completed a $200m funding round, led by P2P Global Investments PLC (P2PGI) managed by Eaglewood Europe LLP (a subsidiary of alternative asset manager Marshall Wace).

CFTC Grants Nodal Clear, LLC Registration As A Derivatives Clearing Organization

Date 24/09/2015

Nodal Clear, LLC, the new clearing house subsidiary of Nodal Exchange, announced today that it has been granted registration as a derivatives clearing organization (DCO) by the U.S. Commodity Futures Trading Commission (CFTC). Nodal Clear is the first DCO to elect to become a Subpart C DCO at the time of its registration.

Speech By Federal Reserve Chair Janet L. Yellen, At The Philip Gamble Memorial Lecture, University Of Massachusetts, Amherst, Amhearst, Massachusetts, September 24, 2015, Inflation Dynamics And Monetary Policy

Date 24/09/2015

I would like to thank Michael Ash for his kind introduction and the University of Massachusetts for the honor of being invited to deliver this year's Philip Gamble Memorial Lecture.

In my remarks today, I will discuss inflation and its role in the Federal Reserve's conduct of monetary policy. I will begin by reviewing the history of inflation in the United States since the 1960s, highlighting two key points: that inflation is now much more stable than it used to be, and that it is currently running at a very low level. I will then consider the costs associated with inflation, and why these costs suggest that the Federal Reserve should try to keep inflation close to 2 percent. After briefly reviewing our policy actions since the financial crisis, I will discuss the dynamics of inflation and their implications for the outlook and monetary policy.

Announcement Of New Rulemaking Database, SEC Chair Mary Jo White, Sept. 24, 2015

Date 24/09/2015

Strong regulations are central to the Commission’s mission.  For more than 80 years, we have used rulemaking to establish a comprehensive framework for our securities markets that protects investors, enhances market integrity, and promotes capital formation.  The rulemaking process is the means through which the Commission responds to the ever-changing securities markets, targets and attacks harmful practices in those markets, and meets the goals mandated by Congress.  Our rules provide important standards against which we assess compliance in our examinations and hold wrongdoers accountable in our enforcement actions.

CFTC Orders Russian Resident Yakov Shlyapochnik And His Connecticut-Based Company, Nord Capital Advisors, LLC, To Pay A $280,000 Penalty For Failing To Disclose Company’s Principal In Registration Filings And For Company’s Fraudulent Solicitation - Shlyapochnik And Nord Capital Advisors, LLC Are Permanently Barred From The U.S. Commodities Industry

Date 24/09/2015

The U.S. Commodity Futures Trading Commission (CFTC) today entered an Order requiring Russian citizen, Yakov Shlyapochnik, and his Connecticut-based company, Nord Capital Advisors, LLC (NCA), to jointly and severally pay a $280,000 civil monetary penalty for failing to disclose NCA’s principal in registration filings and for engaging in fraud in soliciting prospective clients by failing to disclose material changes in NCA’s algorithmic trading program. The CFTC Order also imposes permanent trading and registration bans on Shlyapochnik and NCA and prohibits them from further violations of the Commodity Exchange Act (CEA) and CFTC Regulations, as charged.

California Lt. Governor Gavin Newsom And Golden State Warriors Celebrate Grand Opening Of The Nasdaq Entrepreneurial Center

Date 24/09/2015

The Nasdaq Entrepreneurial Center today opened the doors to its 13,000 square-foot, ultra-modern facility in San Francisco's South Financial District. California Lt. Gov. Gavin Newsom and 2015 NBA Champion Golden State Warriors Center, Festus Ezeli, joined Nasdaq officials, CEO Bob Greifeld and Vice Chairman Bruce Aust, in ringing the Nasdaq Closing Bell remotely from San Francisco in celebration of the Center's launch.

SEC Proposes to Amend Rules Governing Administrative Proceedings

Date 24/09/2015

The Securities and Exchange Commission today announced it has voted to propose amendments to rules governing its administrative proceedings.