News Centre

ASIC Publishes Seventh Market Supervision Report

Date 19/03/2014

Today ASIC published its seventh report on the supervision of Australian financial markets and market participants.

Dalian Commodity Exchange: Notice On Test Of Night Trading

Date 19/03/2014

In order to accelerate the night trading of Dalian Commodity Exchange (DCE), DCE will conduct online testing of night trading from March 18 to April 18, 2014. All member units and information providers are requested to complete the preparation for counter system testing and upgrading.

CBOE Holdings Announces That Certain Officers Have Entered Into 10b5-1 Plans

Date 18/03/2014

CBOE Holdings (NASDAQ: CBOE) today announced that certain officers of the company have each established pre-arranged share disposition plans with a brokerage firm under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.

Remarks Of Assistant Treasury Secretary For Financial Institutions Cyrus Amir-Mokri At The Securities Industry And Financial Markets Association (SIFMA) Conference “Cybersecurity Standards: Exploring The NIST Framework.”

Date 18/03/2014

Good morning. Thank you for having me. I commend SIFMA on organizing this seminar dedicated to discussing President Obama's Executive Order 13636 and the cybersecurity framework published by the National Institute of Standards and Technology (NIST).  I also commend SIFMA for its more general focus on cybersecurity, and in working with other industry associations and government agencies on these issues.

Vestar Capital Partners To Acquire Institutional Shareholder Services From MSCI In $364 Million Transaction

Date 18/03/2014

Institutional Shareholder Services Inc. (“ISS”), a leading provider of corporate governance solutions to the global financial community, today announced its parent company, MSCI Inc. (NYSE: MSCI), had entered into a definitive agreement with Vestar Capital Partners  (“Vestar“), pursuant to which Vestar has agreed to acquire ISS for $364 million. The transaction is expected to close in the second quarter, subject to customary closing conditions.

Remarks To The 2014 Mutual Funds And Investment Management Conference, Norm Champ,SEC Director, Division Of Investment Management, Orlando, FL, March 17, 2014

Date 18/03/2014

Introduction

Thank you, Paul, for that kind introduction. Good morning everyone and before I begin, let me remind you that the views I express are my own and do not necessarily reflect the views of the Commission, any of the Commissioners, or any other colleague on the staff of the Commission.

ISDA Publishes The First Clearing Member Reliance Opinions

Date 18/03/2014

ISDA has today published the first two clearing member reliance opinions for the Cayman Islands and Denmark. A number of other clearing member and client reliance opinions will be published in due course.

New York Attorney General Eric T. Schneiderman Calls For New Efforts To Eliminate Unfair Advantages Provided By Trading Venues To High-Frequency Traders - Speech Highlights Need For Tougher Oversight Of Services, Including Co-Location Of High-Frequency Traders’ Computers Inside Exchanges; Direct Feeds To Data Centers - High-Speed Switches And Cables - Schneiderman: "We Will Continue To Shine A Light On Unseemly Practices That Cater To High-Frequency Traders At The Expense Of Other Investors, And Other Forms Of Insider Trading 2.0"

Date 18/03/2014

Attorney General Eric T. Schneiderman today called for tougher regulations and market reforms intended to eliminate the unfair advantages commonly provided to high-frequency trading firms at the expense of other investors.  During remarks at a symposium hosted by New York Law School – “Insider Trading 2.0 – A New Initiative to Crack Down on Predatory Practices” – Attorney General Schneiderman detailed a number of services that trading venues offer to high-frequency traders and the damaging impact of those services on the rest of the market.

CFTC Orders Sean R. Stropp To Pay $250,000 Penalty To Settle Charges Of Making False And Misleading Statements During A CFTC Investigation

Date 18/03/2014

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against Sean R. Stropp (Stropp), formerly of Jupiter, Florida. Stropp is ordered to pay a $250,000 civil monetary penalty for making false and misleading statements of material fact, and omitting material facts, to CFTC staff during a CFTC Division of Enforcement (DOE) investigation. The Order enforces the false statements provision of the Commodity Exchange Act (CEA), which was added by the 2010 Dodd-Frank Act.

SEC And FINRA To Hold Regional Compliance Outreach Programs For Broker-Dealers

Date 18/03/2014

The Securities and Exchange Commission and the Financial Industry Regulatory Authority (FINRA) today announced the opening of registration for the regional compliance outreach programs for broker-dealers that will take place in Denver, Los Angeles, Chicago, Miami, Philadelphia, and New York, beginning in the spring.