News Centre

SEC Names Marc Wyatt As Acting Director Of The Office Of Compliance Inspections And Examinations

Date 10/04/2015

The Securities and Exchange Commission today announced that Marc Wyatt will serve as Acting Director of the agency’s Office of Compliance Inspections and Examinations (OCIE).  He succeeds Andrew Bowden, who announced that he will be leaving the SEC to rejoin the private sector at the end of April.

U.S. Treasury Releases Semi-Annual Report To Congress On International Economic And Exchange Rate Policies

Date 09/04/2015

The U.S. Department of the Treasury today released the Semi-Annual Report to Congress on International Economic and Exchange Rate Policies, as required under Sections 3004 and 3005 of the Omnibus Trade and Competitiveness Act of 1988. 

A Letter From BATS CEO Chris Concannon

Date 09/04/2015

Dear BATS Customers and Members of the Trading Community,

Hello and thank you for the very warm welcome that I have received from so many since joining BATS Global Markets in December.  It has been an exciting four months for BATS and the industry, and I can promise there is much more to come from us.  Keeping with a great BATS tradition, the CEO has to have a few things to say in an email to the industry from time to time (Don’t worry Bob G., I will be nice).

Canadian Securities Regulators’ Review Finds Room For Improvement In Mining Issuers’ Investor Presentations

Date 09/04/2015

Members of the Canadian Securities Administrators (CSA) today released CSA Staff Notice 43-309 Review of Website Investor Presentations by Mining Issuers, which summarizes the findings of staff of the Autorité des marchés financiers (AMF), the British Columbia Securities Commission (BCSC) and the Ontario Securities Commission (OSC) (collectively, the Principal Mining Jurisdictions) and outlines the CSA’s expectations for website disclosure by mining issuers.

Member Of Organized Cybercrime Ring Sentenced To 150 Months In Prison For Selling Stolen And Counterfeit Credit Cards

Date 09/04/2015

A member of the identity theft and credit card fraud ring known as “Carder.su” was sentenced today to 150 months in federal prison for selling stolen and counterfeit credit cards over the Internet.  He was further ordered to pay $50.8 million in restitution.

Canadian Securities Regulators Finalize Rule Amendments To Reduce Regulatory Burden On Venture Issuers

Date 09/04/2015

The Canadian Securities Administrators (CSA) announced today the final implementation of amendments that will streamline and tailor disclosure by venture issuers. The amendments address continuous disclosure and governance obligations, as well as disclosure for prospectus offerings.

SEC Halts Microcap Scheme In South Florida

Date 09/04/2015

The Securities and Exchange Commission today announced fraud charges and an asset freeze against the operators of a South Florida-based microcap scheme, including three boiler room brokers caught trying to conceal from investors that they have been barred from the industry.

New York State Department Of Financial Services (NYDFS) Report Shows Need To Tighten Cyber Security At Banks' Third-Party Vendors - Nearly 1 Of 3 Banks Do Not Require Their Vendors To Report Cyber Security Breaches - Superintendent Lawsky: Vendors Could Provide “Backdoor Entrance” To Hackers Seeking To Steal Bank Customer Data

Date 09/04/2015

Benjamin M. Lawsky, Superintendent of Financial Services, announced that the New York State Department of Financial Services (NYDFS) released a report today finding significant potential cyber security vulnerabilities with banks' third-party vendors. Banks rely on third-party vendors for a broad-range of services – such as law firms that provide them with legal advice or even companies contracted to run their HVAC systems. Those third-party firms often have access to a financial institution’s information technology systems, providing a potential point of entry for hackers.

BOX Options Exchange Price Improvement Activity For March

Date 09/04/2015

In the month of March, price improved contracts on BOX Options Exchange (“BOX”) averaged 218,520 per day. Price improvement versus the prevailing NBBO for contracts submitted via BOX’s price improvement auction, PIP, averaged $571,858 per day, while total savings to investors this month was $12.6M. With this, BOX has saved investors over $614M since its inception in 2004. Overall average daily trading volume on BOX in the month of March was 350,954 contracts.

Genscape Blog Post: Implications Of Outage At Belgium Nuclear Plant & Transparency Into German CHP Production

Date 09/04/2015

A fundamental lack of transparency in the European power market has been an ongoing issue, and Genscape's proprietary data has been key in providing critical awareness and insight into this market.