News Centre

SEC Charges Unregistered Securities Salesman For Selling Millions Of Dollars In Oil-And-Gas Investments

Date 15/05/2014

The Securities and Exchange Commission today charged a Tiburon, Calif.-based securities salesman for selling millions of dollars in oil-and-gas investments without being registered with the SEC as a broker-dealer or associated with a registered broker-dealer. 

CFTC Charges Florida-Based Palm Beach Capital LLC And Lawrence Scott Spain with Engaging In Illegal, Off-Exchange Precious Metals Transactions

Date 15/05/2014

The U.S. Commodity Futures Trading Commission (CFTC) today announced that it filed a civil injunctive enforcement action in the U.S. District Court for the Southern District of Florida against DefendantsPalm Beach Capital LLC (PBC) of Palm Beach, Florida, and its owner and manager, Lawrence Scott Spain, of Boca Raton, Florida. The CFTC Complaint charges the Defendants with engaging in illegal, off-exchange transactions in precious metals with retail customers on a leveraged, margined, or financed basis. The Complaint further alleges that Spain, as controlling person for PBC, is liable for PBC’s violations of the Commodity Exchange Act (CEA).

SEC Charges Rafferty Capital Markets With Illegally Facilitating Trades For Unregistered Firm

Date 15/05/2014

The Securities and Exchange Commission today charged New York-based Rafferty Capital Markets with illegally facilitating trades for another firm that wasn’t registered as a broker-dealer as required under the federal securities laws.

Chief Accountant Paul Beswick To Leave SEC

Date 15/05/2014

The Securities and Exchange Commission today announced that Chief Accountant Paul A. Beswick is leaving the agency to return to the private sector.  He will remain for a transitional period to help ensure continuity in the agency’s Office of the Chief Accountant (OCA).

Call For Papers For The Third EBA Policy Research Workshop

Date 15/05/2014

The European Banking Authority (EBA) launches today a call for research papers in view of its third policy research workshop taking place on 25-26 November 2014 in London on the topic "How to measure the riskiness of banks".

ShaMaran Lists Its First Bond Issue On Oslo Børs

Date 15/05/2014

The oil company ShaMaran Petroleum listed its first bond issue on Oslo Børs today. Foreign companies are increasingly turning to the Oslo Børs fixed income marketplaces to raise loan capital.

SIX Exchange Regulation Delisting Absolute Invest AG, Zug

Date 15/05/2014

On 7 April 2014, Absolute Invest AG, Zug (Swiss Security Number 4‘292‘743 / ISIN CH0042927431) applied for delisting all its bearer shares with a nominal value of CHF 0.10 each. SIX Exchange Regulation granted this application on 15 May 2014.

EEX Welcomes EUROPEX Position Paper On Power Market Design

Date 15/05/2014

The Association of European Energy Exchanges (EUROPEX) in its position paper calls for market integration of renewables, strengthening Energy Only Markets, investment in transmission capacity and an appropriate regulatory framework for the energy markets.

European Commission Economic Review Of The Financial Regulation Agenda: Frequently Asked Questions

Date 15/05/2014

See also IP/14/564

1. What is the EU financial regulation agenda?

The financial crisis showed that a fundamental overhaul of the regulatory and supervisory framework was necessary. Between 2008 and 2012, a total of €1.5 trillion of state aid (i.e. more than 12% of EU GDP) was used to prevent the collapse of the financial system. The crisis triggered a deep recession and led to large losses in output. The EU unemployment rate increased from a pre-crisis low of 7.2% in 2007 to 10.8% in 2013. Compared with the end of 2007, an additional 9.3 million people are now unemployed in the EU. Trust in the financial system has been seriously shaken and many EU households have experienced significant losses in income and wealth.

In response to the financial crisis, the EU pursued an ambitious regulatory reform agenda that has been coordinated with international partners in the G20. As the crisis evolved and specific risks emerged which threatened financial stability in the euro area and the EU as a whole, deeper integration to put the banking sector on a more solid footing and restore confidence in the euro was necessary. This led to the development of the Banking Union.

Finansinspektionen - Swedish Financial Supervisory Authority - Financial Advice, Instant Loan Firms And Mortgages – Three Areas In Which Consumer Protection Must Be Strengthened

Date 15/05/2014

A need for better advice on financial products, greater demands on instant loan firms and openness regarding the mortgage rate. These are some of the conclusions in Finansinspektionen’s new consumer protection report presented today at FI’s Consumer Protection Day.