News Centre

CFTC Revokes Registrations Of Abdul Sultan Walji And His Company, Arista LLC, Based On Court’s Permanent Injunction Order Prohibiting Them From Committing Further Fraud And On Walji’s Conviction For Criminal Commodities Fraud

Date 17/10/2014

The U.S. Commodity Futures Trading Commission (CFTC) today announced today that it has revoked the registrations of Defendants Arista LLC, a California company with its principal place of business in Newport Coast, California, and its owner Abdul Sultan Walji a/k/a Abdul Sultan Valji) of San Juan Capistrano, California. Arista had been registered with the CFTC as a Commodity Pool Operator, and Walji had been registered as an Associated Person of Arista.

TOM MTF Statistics Week 42, 2014

Date 17/10/2014

Click here to download the weekly statistics update of TOM MTF for week 42, 2014.

SEC Charges Staten Island Man With Conducting Fraudulent Offerings And Stealing Investor Funds

Date 17/10/2014

The Securities and Exchange Commission today charged the operator of an online stock recommendation business with conducting several fraudulent securities offerings and siphoning some of the money raised from investors for a Caribbean vacation and plastic surgery.

Federal Reserve Board Issues Final Rule To Modify Regulations For Capital Planning And Stress Testing And Released Instructions For 2015 Capital Planning Cycle

Date 17/10/2014

The Federal Reserve Board on Friday issued a final rule to modify the regulations for capital planning and stress testing and released instructions for the 2015 capital planning cycle.

The Securities And Exchange Commission—The Next 80 Years, SEC Commissioner Daniel M. Gallagher, Fordham Law School New York, N.Y., Oct. 16, 2014

Date 17/10/2014

Thank you, Ben [Indek], for that kind introduction.  I am truly honored to be here tonight to deliver the 15thAnnual A.A. Sommer Lecture.  It is a particular honor to deliver this lecture in the presence of Al’s family.  In addition to serving as an SEC Commissioner during a particularly trying time, Al Sommer played an impressively wide range of roles over the course of his career.  To name just a few, he was Chairman of the Public Oversight Board of the American Institute of Certified Public Accountants, the SEC Advisory Committee on Corporate Disclosure, and the America Bar Association Section of Business Law, and he was the Vice Chairman of the NASD.

ESMA Publishes Responses Received To Consultation Papers On MAR

Date 17/10/2014

To view the responses, please see the specific page of the Consultation:

Draft Technical Standards on the Market Abuse Regulation

Draft Technical Advice on delegated actus concerning the Market Abuse Regulation

First Derivatives Secures A Majority Shareholding In Kx Systems In Transformational Deal

Date 17/10/2014

First Derivatives (AIM:FDP.L, ESM:FDP.I), a leading provider of software and consulting services to the financial services industry, today announces it has reached agreement with the founders of Kx Systems ("Kx") to acquire a further 46.47% stake in Kx for a total consideration of £36.0m. As a result First Derivatives’ holding in Kx will increase from its current 20.1% to 65.2% on a fully diluted basis. This increase in holding is expected to be earnings enhancing in the current financial year for the Company. 

European Central Bank: Statement On New York Times Articles

Date 17/10/2014

The ECB neither provides nor approves emergency liquidity assistance. It is the national central bank, in this case the Central Bank of Cyprus, that provides ELA to an institution that it judges to be solvent at its own risks and under its own terms and conditions. The ECB can object on monetary policy grounds; in order to do so at least two thirds of the Governing Council must see the provision of emergency liquidity as interfering with the tasks and objectives of euro area monetary policy.

Bursa Malaysia And RHB Investment Bank Target Actionable Outcomes At Invest Malaysia Hong Kong 2014 - Bursa Malaysia Draws Interest As The Region’s Leading Fund Raising Destination And ASEAN’s Multinational Marketplace

Date 17/10/2014

Invest Malaysia 2014 institutional investor roadshow headed to Hong Kong for its final leg for the year in an effort to drive investment into Malaysia. Bursa Malaysia and RHB Investment Bank teamed up for the 5th year of Invest Malaysia Hong Kong targeting a mix of large Hong Kong-based funds, family funds and hedge funds.

Shanghai Stock Exchange Launches Pilot Business Of Securities Companies’ Short-Term Corporate Bonds For Securities Industry’s Growth, Transformation

Date 17/10/2014

Upon approval by the China Securities Regulatory Commission (CSRC), the Shanghai Stock Exchange (SSE) recently releases the “SSE Measures on Pilot Business of Securities Companies’ Short-term Corporate Bonds”, which marks the launch of the pilot work of securities companies’ short-term corporate bonds (the Short-term Bonds for short).