News Centre

SEC Solicits Public Comment On Audit Committee Disclosures

Date 01/07/2015

The Securities and Exchange Commission today voted to publish a concept release seeking public comment on current audit committee disclosure requirements, focusing on the committee’s oversight of independent auditors.  The Commission is interested in receiving information about the audit committee and auditor relationship and whether improvements can be made to enhance the information provided to investors about the audit committee’s responsibilities and activities.  

Federal Reserve Board Releases First Determination Of The Aggregate Consolidated Liabilities Of All Financial Companies In Accordance With Section 622 Of The Dodd-Frank Act

Date 01/07/2015

The Federal Reserve Board on Wednesday released its first determination of the aggregate consolidated liabilities of all financial companies in accordance with section 622 of the Dodd-Frank Act, which prohibits any financial company from combining with another company if the resulting company's liabilities exceed 10 percent of the aggregate consolidated liabilities of all financial companies.

Dissenting Statement At An Open Meeting to Propose Compensation Clawback Listing Standards, SEC Commissioner Daniel M. Gallagher, July 1, 2015

Date 01/07/2015

Thank you, Chair White. I want to recognize the hard work of the staff of the Division of Corporation Finance, who had primary responsibility for this rule, particularly Keith Higgins, David Fredrickson, Anne Krauskopf, Carolyn Sherman, and Joel Levine. Thanks also to the Division of Economic and Risk Analysis as well as the Office of the General Counsel for your efforts.

Record Volume At OneChicago – June 2015 Up 35% Over A Year Ago

Date 01/07/2015

•  Volume hits 1,714,378, best month on record
• Average June Block Trade Size was 531 (53,100 share equivalent)

Statement On Proposed Rule And Rule Amendments On Listing Standards For Recovery Of Erroneously Awarded Compensation, SEC Commissioner Kara M. Stein, July 1, 2015

Date 01/07/2015

As my colleagues have done, I would like to start by thanking all of the staff who put in significant time and effort working on this proposed rule. In particular, I would like to thank David Fredrickson, Jenny Riegel, Ann Krauskopf, Joel Levine, Carolyn Sherman, Bryant Morris, Jeff Minton, Blair Petrillo, Simona Mola Yost, and Jonathan Kalodimos for all your hard work.

BME: MARF Has Admitted To Trading A Bond Issue By Masmovil For €27 Million

Date 01/07/2015

MARF has admitted to trading a bond issue by Másmovil for a volume of €27 million, a 5.5% coupon and maturity of 5 years.

Equity Trading On Vienna SE Rises In 1HY 2015 By More Than A Quarter

Date 01/07/2015

• Equity trading volume in June 2015 up 60 % vs. June 2014
• ATX among best performing  indices in Europe: + 11.65% YTD (incl. dividends + 13.38%) 
• Political discussion over GREXIT generated higher volatility in 2Q
• New trading members on the Vienna Stock Exchange

SEC Charges Deloitte & Touche With Violating Auditor Independence Rules

Date 01/07/2015

The Securities and Exchange Commission today charged Deloitte & Touche LLP with violating auditor independence rules when its consulting affiliate maintained a business relationship with a trustee serving on the boards and audit committees of three funds it audited.  Deloitte agreed to pay more than $1 million to settle the charges.

CME Group Announces Record Volume Day In Agricultural Products - Record Corn And Soybean Futures And Options Volumes Led Agricultural Trading

Date 01/07/2015

CME Group, the world's leading and most diverse derivatives marketplace, today announced its Agricultural Products reached a record of 2,873,291 in trading volume on June 30, 2015, surpassing the prior record of 2,856,869 set on June 26, 2015.

Statement At Open Meeting On Clawbacks Of Erroneously Awarded Compensation, SEC Commissioner Michael S. Piwowar, July 1, 2015

Date 01/07/2015

Thank you, Chair White.  A few months ago, the baseball world celebrated the 90th birthday of Yogi Berra, the legendary former catcher and manager for the New York Yankees. Yogi Berra is well-known for his witty comments, often referred to as “Yogi-isms.” Several come to mind today, as we consider another rulemaking related to executive compensation.