News Centre

FINRA, FINRA Foundation And First Nations Issue Joint Investor Alert, New Money Coming Into Indian Country: Plan For The Long Term

Date 30/04/2015

The Financial Industry Regulatory Authority (FINRA), the FINRA Investor Education Foundation and First Nations Development Institute (First Nations) have issued a joint Investor Alert called New Money Coming Into Indian Country: Plan for the Long Term. Over the past five years, Indian Country lawsuit settlements totaling more than $3 billion have been reached. This Alert provides recipients and potential recipients of settlement and other new money with helpful tips to help them confidently manage their finances, as well as avoid financial fraud.

Concurring Statement Of CFTC Commissioner Bowen Regarding Proposed Rulemaking On Trade Options

Date 30/04/2015

Today, we are approving a proposed rule that would implement changes to the Commission’s Trade Option exemption to reduce the burden on commercial entities seeking to hedge risks associated with their physical businesses. I support these changes. However, based upon comments the Commission has received and meetings that I have had with members of the public, I believe the Commission should consider additional clarifications to better ensure legal certainty for the manufacturing, energy and agricultural industries’ ability to address their commercial risks.

US Federal Agencies Issue Final Rule On Minimum Requirements For Appraisal Management Companies

Date 30/04/2015

Six federal financial regulatory agencies today issued a final rule that implements minimum requirements for state registration and supervision of appraisal management companies (AMCs). An AMC is an entity that provides appraisal management services to lenders or underwriters or other principals in the secondary mortgage markets. These appraisal management services include contracting with licensed and certified appraisers to perform appraisal assignments.

Toward Healthy Companies And A Stronger Economy: Remarks To The U.S. Treasury Department’s Corporate Women In Finance Symposium, SEC Commissioner Kara M. Stein, April 30, 2015

Date 30/04/2015

Thank you Treasurer [Rosie] Rios for the invitation and the warm introduction.  It is a pleasure to be here this morning at the Treasury Department. 

SIFMA Issues Quarterly Government Securities Issuance And Rates Forecast For 2Q 2015

Date 30/04/2015

SIFMA today issued its quarterly government securities issuance and rates forecast for the second quarter of 2015. The full report is available at the following link: http://www.sifma.org/govtforecast2Q2015/.   

The SEC As The Whistleblower's Advocate, SEC Chair Mary Jo White, Ray Garrett, Jr. Corporate And Securities Law Institute-Northwestern University School Of Law Chicago, Illinois, April 30, 2015

Date 30/04/2015

Introduction

Thank you, David, for that kind introduction.  I am very honored to address the Garrett Institute, one of the most important programs in the country for corporate and securities lawyers, and to be in David’s home territory of Northwestern Law School where he served as Dean before going on to serve as a very distinguished Chairman of the SEC in the late 1980s.

ESMA - Public Holiday Closure Friday 1 May

Date 30/04/2015

The European Securites and Markets Authority (ESMA) is closed for business on Friday 1 May for a public holiday and will reopen on Monday 4 May.

Statement Of CFTC Commissioner J. Christopher Giancarlo Regarding Trade Options Rule

Date 30/04/2015

I support the Commission’s proposed amendments to the interim final trade options rule. These are common sense reforms that will alleviate certain recordkeeping and reporting burdens that § 32.3 currently imposes on end-users that use trade options to manage commercial risk. The deletion of the reference in § 32.3(c)(2) to part 151 position limits is also appropriate in light of the fact that part 151 was vacated by the court in Int’l Swaps & Derivatives Ass’n v. U.S. Commodity Futures Trading Comm’n, 887 F. Supp. 2d 259 (D.D.C. 2012).

ESMA Vacancy Notice - Market Data Expert

Date 30/04/2015

Deadline: 07 June 2015. Please refer to our vacancy page for the details on this position (Ref.2015/VAC8/FGIV) and how to apply.

CFTC Charges North Carolina Resident Barry C. Taylor And His Companies With Commodity Pool Fraud In A Multi-Million Dollar Fraudulent Forex Scheme And With Registration Violations - Federal Court Enters Emergency Order Freezing Defendants’ Assets And Protecting Books And Records - Defendants’ Fraudulent Scheme Allegedly Solicited Over $2.4 Million From Approximately 24 Members Of The Public

Date 30/04/2015

The U.S. Commodity Futures Trading Commission (CFTC) filed a civil enforcement Complaint against Barry C. Taylor of Franklin, North Carolina, charging him with operating a multi-million dollar fraudulent scheme through his firms, OTC Investments LLC and Forex Currency Trade Advisors, LLC (collectively, Defendants). On April 22, 2015, Judge Martin Reidinger of the U.S. District Court for the Western District of North Carolina, Asheville Division entered an emergency restraining Order freezing Defendants’ assets and prohibiting the destruction or concealment of their books and records. None of the Defendants has ever been registered with the CFTC, as is required.