News Centre

MNI China Business Sentiment Indicator: China Business Sentiment Deteriorates Further - Sentiment Falls As Deflationary Pressures Intensify

Date 20/03/2015

China’s largest companies reported a worsening in business confidence in March according to the latest MNI China Business Sentiment Survey.

Better Markets’ Statement On District Court’s Ruling In Lawsuit Challenging DOJ’s $13 Billion Settlement With JP Morgan Chase

Date 20/03/2015

Dennis Kelleher, President and CEO of Better Markets, issued this statement following the decision of the U.S. District Court to dismiss on procedural grounds Better Markets’ lawsuit challenging the $13 billion settlement between the Department of Justice (DOJ) and JP Morgan Chase:

“The court never considered or ruled on the merits of our lawsuit that DOJ did not have the unilateral authority to settle years of JP Morgan Chase’s egregious illegal conduct without independent judicial review. The decision sadly stands for the proposition that there are no checks and balances when it comes to Executive Branch action to settle any case on any terms without any meaningful transparency, public accountability or oversight by anyone."

Platts: Mexico’s New Energy Projects Aim To Draw Foreign Investment: Bentek Energy - Gulf Of Mexico Reserves Open to Private Exploration & Production For First Time Since 1938

Date 20/03/2015

Unprecedented liberalization and reform in Mexico’s energy sector are creating significant growth opportunities for the country’s economy and for foreign investors, according to a just-released report by Bentek Energy*,  an analytics and forecasting unit of Platts, a leading global provider of energy and commodities information.  

CFTC Issues An Exemption To The Hong Kong Securities and Futures Commission Permitting U.S. Customers To Deal Directly With Hong Kong Brokers

Date 20/03/2015

The U.S. Commodity Futures Trading Commission (CFTC or Commission) today issued an order to Hong Kong Securities and Futures Commission (HKSFC) permitting HKSFC licensed corporations authorized to solicit and accept orders and funds directly from U.S. customers for trading on any exchange subject to the HKSFC’s oversight without having to register with the CFTC as futures commission merchants (FCMs). This exemption follows similar exemptions granted to other foreign exchanges or foreign regulators pursuant to Commission Regulation 30.10.

BNY Mellon Settles Outstanding FX-Related Actions - Fully Resolves 2011 DOJ And NYAG Lawsuits And Plaintiffs' Customer Class Actions - Settlements Covered By Existing Reserves

Date 19/03/2015

The Bank of New York Mellon Corporation (NYSE: BK) today announced that it has resolved substantially all of the foreign exchange (FX)-related actions currently pending against the company.

OBSI Joint Regulators Committee Annual Report For 2014

Date 19/03/2015

This notice is being published jointly by the Canadian Securities Administrators (CSA) (other than Québec), the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA) to serve as the first Annual Report of the Joint Regulators Committee (JRC) of the Ombudsman for Banking Services and Investments (OBSI).

British Columbia Securities Commission Seeks To Return Funds Lost In Shantz Case

Date 19/03/2015

The British Columbia Securities Commission (BCSC) today announced that it will notify investorswho lost money as a result of investing with Canadian Pacific Consulting and Michael Robert Shantz to make an application for compensation. The funds ($131,781.34) were ordered to be paid to the commission on May 22, 2012. 

New York Attorney General Schneiderman And U.S. Attorney Bharara Announce Groundbreaking Settlement With Bank Of New York Mellon Over Fraudulent Foreign Exchange Practices - Bank Of New York Mellon Admits It Promised Customers Best Price Of Day On Foreign Exchange Transactions But Instead Gave Worst Price - $714 Million Announced Today In Settlements With Bank Of New York Mellon - Bank Of New York Mellon Will End Employment Of Executives Involved In The Fraud - Schneiderman: Institutions And Individuals Responsible For Defrauding Investors Will Be Held Accountable

Date 19/03/2015

Attorney General Eric T. Schneiderman and United States Attorney for the Southern District of New York Preet Bharara today announced a settlement with the Bank of New York Mellon (“BNYM”) that resolves cases brought by the New York State Office of the Attorney General and the U.S. Attorney’s Office regarding BNYM’s fraudulent foreign exchange (“FX”) practices.  BNYM has agreed to pay $714 million to resolve the federal and state governments’ cases, certain private cases that arose as a result of the same fraud, and investigations by the Securities and Exchange Commission and the U.S. Department of Labor.  In addition to the significant monetary recovery, Attorney General Schneiderman and U.S. Attorney Bharara obtained additional key settlement terms:  namely, BNYM has admitted the factual details of its fraud, will end the employment of certain executives involved in the fraud, will reform its practices to improve and increase the information it provides to its customers, and will waive the deductibility of New York State and local taxes with respect to the New York State portion of the settlement.

Building A Liquidity Safety Net For Public Companies And Investment Products In Canada - Aequitas NEO Exchange Announces Designated Market Makers

Date 19/03/2015

Aequitas NEO Exchange Inc. (NEO Exchange) is thrilled to announce the market making firms who will participate in its Designated Market Maker program from launch, a program designed to leverage experience, technology and innovation to provide liquidity to the securities traded on the NEO Exchange, including TSX, TSXV and NEO-listed securities.

A Few Observations On Shareholders In 2015, Remarks At Tulane University Law School 27th Annual Corporate Law Institute, By SEC Chair Mary Jo White, In New Orleans, Louisiana, March 19, 2015

Date 19/03/2015

Thank you, Faiza [Saeed], for that kind introduction. I am honored to be here at Tulane’s 27th Annual Corporate Law Institute. As usual, you have gathered an incredibly distinguished group to discuss cutting-edge issues in M&A.