News Centre

ESMA Publishes Draft RTS On European Electronic Access Point

Date 25/09/2015

Today the European Securities and Markets Authority (ESMA) delivered its regulatory technical standards (RTS) on the European Electronic Access Point (EEAP), as required under the amended Transparency Directive, to the European Commission for endorsement.

Federal Court In Illinois Orders Futures International LLC And Its Chief Operating Officer, Amedeo Cerrone, To Pay $500,000 Penalty For Recordkeeping Violations, False Statements, Unauthorized Trading, And Supervision Failures

Date 25/09/2015

The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Robert W. Gettleman of the U.S. District Court for the Northern District of Illinois entered a Consent Order settling CFTC charges against Defendants Chicago-based Futures International LLC (FI) and its Chief Operating Officer Amedeo Cerrone of St. Charles, Illinois, for failing to adequately record customer orders; failing to maintain required records relating to commodity futures transactions; submitting order tickets bearing false timestamps; unauthorized trading; and failing to provide adequate supervision. FI is a registered Introducing Broker. The Order requires FI and Cerrone jointly to pay a civil monetary penalty of $500,000.

ESMA Publishes Opinion On Accounting For Cash Contributions To The Deposit Guarantee Schemes

Date 25/09/2015

Today the European Securities and Markets Authority (ESMA) published its opinion on the application of the IFRS requirements in relation to the recognition of cash contributions to the Deposit Guarantee Scheme (DGS) in IFRS accounts. 

SEC Charges Former Officers Of SMF Energy With Fraud

Date 25/09/2015

The Securities and Exchange Commission today announced financial fraud charges against four former SMF Energy Corp. officers, alleging that former CEO Richard E. Gathright, former chief financial officer Michael S. Shore, former chief accounting officer Laura P. Messenbaugh, and former senior vice president of sales and investor relations officer Robert W. Beard vastly inflated SMF’s revenues through a fraudulent billing scheme.

ESMA Consults On The European Single Electronic Format

Date 25/09/2015

The European Securities and Markets Authority (ESMA) today launches its public consultation on its regulatory technical standards on the European Single Electronic Format (ESEF).

Mandatory Notification Of Trades - Oslo Børs Vps Holding ASA

Date 25/09/2015

In connection with a monthly share savings plan for employees of subsidiaries, Oslo Børs VPS Holding has sold a total of 1553 shares. New holding is 4239 shares. Employees paid a share price of NOK 88.- per share, but were allowed a discount of 20% on purchases up to NOK 625.

SIX Swiss Exchange SPOT Event: Successful 5th Edition

Date 25/09/2015

Meeting Of The Financial Stability Board In London On 25 September

Date 25/09/2015

The Financial Stability Board (FSB) met today in London to discuss progress in its ongoing workplan. Good progress was made in agreeing key remaining policies to help end too-big-to-fail (TBTF).

CFTC Charges New York Corporations Safety Capital Management, Inc. And GNS Capital, Inc., Both d/b/a FOREXNPOWER, And New York City Residents John Won, Sungmi Kang, And Tae Hung (“Kevin”) Kang With Fraudulently Soliciting More Than $1.5 Million In A Forex Fraud Scheme - Defendants Sungmi Kang And John Won Are Also Charged With Misappropriation Of Over $622,000 Of Customer Funds

Date 25/09/2015

The U.S. Commodity Futures Trading Commission (CFTC) filed an enforcement action in the U.S. District Court for the Eastern District of New York, charging Defendants Safety Capital Management, Inc. (Safety) and GNS Capital, Inc. (GNS), both doing business as FOREXNPOWER, John Won, a controlling person of GNS, and Sungmi Kang, a controlling person of both Safety and GNS, with, among other charges, fraudulent solicitation of over $1.5 million from customers to trade off-exchange foreign currency (forex) and misappropriation of over $622,000 of customer funds. Defendant Tae Hung Kang (a/k/a Kevin Kang), an officer and agent of Safety and GNS, is charged with fraudulent solicitation of customers.

US Justice Department Announces Two Banks Reach Resolutions Under Swiss Bank Program

Date 25/09/2015

The Department of Justice announced today that Migros Bank AG (Migros) and Graubündner Kantonalbank (Graubündner) have reached resolutions under the department’s Swiss Bank Program.  These banks will collectively pay penalties totaling more than $18 million.