News Centre

ASIC: NAB Pays $40,800 Penalty For Misleading UBank Advertisements

Date 17/09/2014

National Australia Bank, the Australian financial services licensee for UBank, has paid $40,800 in penalties after ASIC issued four infringement notices for potentially misleading advertisements.

Remarks At The 2014 SRO Outreach Conference, SEC Commissioner Daniel M. Gallagher, Washington D.C., Sept. 16, 2014

Date 17/09/2014

Thank you, Drew [Bowden], for that kind introduction. I’d like to thank Steve Luparello and Drew Bowden for inviting me to speak as well as for their leadership and support for today’s conference. Thanks also to the Trading and Markets and OCIE staff that put together this year’s conference. This is a valuable opportunity for SRO and SEC staff to discuss pressing issues in an open and candid manner, and I hope that you take full advantage of that opportunity today.

East African Regional Technical Assistance Center Holds A Workshop On Principles For Financial Market Infrastructures For Member Central Bank Officials

Date 16/09/2014

The International Monetary Fund (IMF)’s East African Regional Technical Assistance Center (East AFRITAC) held a workshop on the Committee for Payment and Market Infrastructures (CPMI) and IOSCO Principles for Financial Market Infrastructures (PFMIs) of April 2012 and the related Disclosure Framework and Assessment Methodology of December 2012 in Kigali, Rwanda, from September 9-12, 2014. The workshop was part of East AFRITAC’s contribution to member countries’ efforts towards application of the principles.

Treasury International Capital Data For July

Date 16/09/2014

The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for July 2014.  The next release, which will report on data for August 2014, is scheduled for October 16, 2014.

Remarks To The Georgetown University Center For Financial Markets And Policy Conference On Financial Markets Quality, SEC Commissioner Daniel M. Gallagher, Washington, D.C., Sept. 16, 2014

Date 16/09/2014

Thank you Reena [Aggarwal] for your very kind introduction.

I must remind you that as always, my comments today are my own and do not necessarily represent the positions of the Commission or my fellow Commissioners.

New York Attorney General Eric T. Schneiderman Announces Takedown Of Identity-Theft Ring Targeting Bank Customers Across NYC And Surrounding Counties - Bank Tellers Charged With Accessing Records And Stealing Personal Information - Hundreds Of Thousands Of Dollars Stolen From Personal Bank Accounts Of Innocent Customers - Schneiderman: Bank Tellers Have Access To Our Most Sensitive Financial Information And We Must Be Able To Trust That Our Data Will Remain Safe And Secure

Date 16/09/2014

Attorney General Eric T. Schneiderman today announced the arrest and indictment of five individuals for running an alleged identity-theft ring targeting customers of local banks. The defendants stole over $850,000 by having bank tellers access and steal personal information of hundreds of unsuspecting customers – account numbers and Social Security numbers, for example – and use it to withdraw money from those accounts, according to today’s allegations. The tellers indicted today worked for branches of Bank of America, JP Morgan Chase, HSBC, TD Bank and Wachovia in the Bronx, and Westchester and Orange Counties among others.

Completing The Journey: Women As Directors Of Public Companies, SEC, Chair Mary Jo White, Sept. 16, 2014

Date 16/09/2014

I. Opening

Good morning and thank you, Susan Ness, for that kind introduction.    The work that SAIS does to increase the presence of women in corporate boardrooms is critically important and it is my honor to address you today.

CFTC Revokes Registrations Of S.A.C. Capital Advisors, L.P. And S.A.C. Capital Advisors, LLC Based On Criminal Action

Date 16/09/2014

The U.S. Commodity Futures Trading Commission (CFTC) today announced that it filed a Notice of Intent to Revoke the Registrations (Notice) ofS.A.C. Capital Advisors, LLC (SAC LLC), a Delaware Limited Liability Company, and S.A.C. Capital Advisors, L.P. (SAC LP), a Delaware Limited Partnership. The CFTC simultaneously issued an Opinion and Order (Order) accepting the offer of settlement from SAC LLC and SAC LP and settling the action. The Order immediately revoked SAC LLC’s registrations with the CFTC as a Commodity Trading Advisor (CTA) and Commodity Pool Operator (CPA). The Order also revoked effective December 31, 2015, SAC LP’s registrations as a CTA and CPO. Consistent with a previously issued Order of the Securities and Exchange Commission, SAC LP’s activities as a CTA and CPO are immediately restricted under the Order to certain “side pocket” investments that are not available for immediate redemption. Additionally, pursuant to the Order, an affiliate of SAC LP and SAC LLC, S.A.C. Capital Management, LLC, will immediately cease engaging in any activity requiring registration as a CPO or CTA.

SEC Obtains Asset Freeze Against Company In Turks And Caicos Islands Behind South Florida-Based Ponzi Scheme

Date 16/09/2014

The Securities and Exchange Commission today announced an emergency asset freeze against a company located in Turks and Caicos Islands in connection with its operation of a South Florida-based Ponzi scheme.

CBOE And C2 Plan To List Options On Alibaba Group Holding Limited (BABA)

Date 16/09/2014

CBOE Holdings, Inc. (NASDAQ: CBOE) announced today that the Chicago Board Options Exchange (CBOE) and C2 Options Exchange (C2) plan to list options on Alibaba Group Holding Limited (ticker symbol: BABA) beginning on Monday, September 29, 2014, contingent on BABA  meeting new options listing criteria.