News Centre

CFTC Orders Former CBOT Floor Broker Kent Woods To Pay $200,000 Penalty And Charges Introducing Broker Futures International LLC And Chief Operating Officer Amadeo Cerrone With Trade Practice Violations And Supervision Failures

Date 09/10/2014

The U.S. Commodity Futures Trading Commission (CFTC) today announced the issuance of an Order filing and settling charges against Kent Woods of Chicago, Illinois, a longtime floor broker in the soybean commodity futures pit at the Chicago Board of Trade (CBOT), for failing to comply with applicable record-keeping and audit trail rules, the belated creation of trading records containing fictitious information that were submitted for clearing, engaging in unauthorized trading, and failure to supervise employees of Futures International LLC, a Chicago-based Introducing Broker of which he was a principal.

OCC Reports Second Quarter Trading Revenue Of $6.4 Billion

Date 09/10/2014

Insured U.S. commercial banks and savings associations reported trading revenue of $6.4 billion in the second quarter of 2014, up $0.2 billion, or 4 percent, from $6.2 billion in the first quarter, the Office of the Comptroller of the Currency (OCC) reported today in the OCC’s Quarterly Report on Bank Trading and Derivatives Activities. Trading revenue in the second quarter was $0.7 billion, or 10 percent, lower than the $7.1 billion recorded in the second quarter of 2013.

Statement Of Commissioner Mark Wetjen Before The Global Markets Advisory Committee Open Meeting

Date 09/10/2014

Thank you everyone for being here today. We have a couple of interesting topics to discuss here today, both related to currency and derivatives under the CFTC’s jurisdiction. Let me start by welcoming Chairman Massad and Commissioners Bowen and Giancarlo, their first GMAC meeting. And I want to extend a special welcome to David Bailey from the Bank of England, and Rodrigo Buenaventura from the European Securities and Markets Authority. It’s a pleasure to have you with us today. Before we turn to Chairman Massad and the other commissioners, I want to make a couple of brief remarks.

SEC Charges Current And Former E*TRADE Subsidiaries With Improperly Selling Penny Stocks Through Unregistered Offerings

Date 09/10/2014

The Securities and Exchange Commission today announced an enforcement action against current and former brokerage subsidiaries of E*TRADE Financial Corporation that failed in their gatekeeper roles and improperly engaged in unregistered sales of microcap stocks on behalf of their customers.

TeraExchange Completes First Bitcoin Derivatives Trade On Regulated Exchange

Date 09/10/2014

TeraExchange announced today the first bitcoin derivative transaction to be executed on a regulated exchange. The initial trade was completed between digitalBTC, the world's first bitcoin-focused company to commence trading on a major stock exchange, and a hedging counterparty.

SEC Staff Issue Risk Alert And FAQs On Customer Sales Of Securities

Date 09/10/2014

The Securities and Exchange Commission today announced publication of a Risk Alert and FAQs to remind broker-dealers of their obligations when they engage in unregistered transactions on behalf of their customers.  The publication of the staff guidance was accompanied by the announcement of an enforcement action against two firms for improperly selling billions of shares of penny stocks through such unregistered offerings.

EEX Publishes Auction Calendar For 2015 - Dates And Volumes Announced For The Common (EU), German And Polish Auctions

Date 09/10/2014

Upon consultation with the European Commission and the participating Member States as well as with the competent German and Polish authorities, the European Energy Exchange (EEX) has determined the 2015 auction calendar for EU allowances (EUA) and EU aviation allowances (EUAA).

Opening Remarks At Investor Advisory Committee, SEC Chair Mary Jo White, Oct. 9, 2014

Date 09/10/2014

Good morning, and welcome to today’s meeting of the Investor Advisory Committee.

I want to touch briefly today on the Commission’s rulemaking agenda since you last met, mention a few other developments and give a brief update on the status of our consideration of your recommendations.

Borsa Italiana Hosts Its 2014 Luxury & Finance Event

Date 09/10/2014

• Listed and private companies from the fashion, luxury goods and lifestyle sectors meet international investors
• Over 450 meetings organised by more than 100 international investors

Year To Date Venture Capital Fundraising Surpasses Full Year 2013 Commitment Levels - U.S. Firms Raise Nearly $6.1 Billion During Third Quarter

Date 09/10/2014

U.S. venture capital firms raised $6.1 billion in new commitments from 60 funds during the third quarter of 2014, a 26 percent decrease compared to the number of funds raised during the second quarter of 2014 and a 21 percent decline by dollar commitments, according to Thomson Reuters and the National Venture Capital Association (NVCA). The level of dollar commitments raised during the third quarter of 2014 increased 40 percent compared to the third quarter of last year and brings the dollar volume of capital committed to U.S. venture capital funds during the first nine months of 2014 to $23.8 billion, eclipsing full year 2013 levels.