News Centre

SEC Charges Investment Managers For Misconduct In CDO Collateral Selection Process

Date 12/12/2013

The Securities and Exchange Commission today charged the managing partners of a Charlotte, N.C.-based investment advisory firm for compromising their independent judgment and allowing a third party with its own interests to influence the portfolio selection process of a collateralized debt obligation (CDO) being offered to investors.

SIFMA AMG And ISDA Announce That CUSIPs Are Now Available For MAC Contracts

Date 12/12/2013

The Securities Industry and Financial Markets Association’s (SIFMA) Asset Management Group (AMG) and the International Swaps and Derivatives Association (ISDA), working in collaboration with CUSIP Global Services, have developed CUSIP numbers for the Market Agreed Coupon (MAC). MAC Contracts were developed jointly by SIFMA AMG and ISDA in April 2013. 

SEC Charges Merrill Lynch With Misleading Investors In CDOs - Firm Agrees To $131 Million Settlement

Date 12/12/2013

The Securities and Exchange Commission today charged Merrill Lynch with making faulty disclosures about collateral selection for two collateralized debt obligations (CDO) that it structured and marketed to investors, and maintaining inaccurate books and records for a third CDO.

Mark Wetjen Appointed Sponsor Of CFTC’s Global Markets Advisory Committee

Date 12/12/2013

Commodity Futures Trading Commission (CFTC) appointed Commissioner Mark Wetjen to serve as Sponsor of its Global Markets Advisory Committee (GMAC). “I look forward to engaging the members of the GMAC on a regular basis to foster dialogue and international cooperation on global issues facing customers, market participants, the CFTC, and foreign and domestic regulators,” said Commissioner Wetjen. “I thank my colleagues and I am honored to Sponsor the GMAC”

The Egyptian Exchange (EGX) Monthly Statistical Report November 2013

Date 12/12/2013

Total number of listed companies on the main market amounted to 213 at the end of November 2013. Meanwhile, the number of listed companies on Nilex reached 24 at the end of the month.

Commerzbank Signs With REGIS-TR As Trade Repository For EMIR

Date 12/12/2013

Commerzbank has chosen REGIS-TR, the European Trade Repository owned by Clearstream (Deutsche Börse Group) and Iberclear (BME) as their provider of trade reporting services, ahead of the European Market Infrastructure Regulation (EMIR) obligation to report over-the-counter (OTC) and listed derivative transactions. Commerzbank’s timely decision allows it to be in the initial wave of institutions to complete the onboarding process with REGIS-TR ahead of time while many others are currently finalising details to ensure they are ready to start with the mandatory reporting once the regulation comes into force on 12 February 2014.

SEC Charges London-Based Hedge Fund Adviser And U.S.-Based Holding Company For Internal Control Failures

Date 12/12/2013

The Securities and Exchange Commission today charged a London-based hedge fund adviser and its former U.S.-based holding company with internal controls failures that led to the overvaluation of a fund’s assets and inflated fee revenue for the firms.

EEX, ECC, OMIP And OMIClear To Cooperate In Trade Registration Of Power Derivatives

Date 12/12/2013

The European Energy Exchange (EEX) and its subsidiary European Commodity Clearing (ECC) have agreed with OMIP, the Iberian energy derivatives exchange, and OMIClear, its Iberian energy clearing house, to cooperate in trade registration of power derivatives and cross-list their products.

CFTC Charges Direct Investment Products, Inc. And Its Principal, Alexander Glytenko, With Commodity Pool Fraud And Misappropriation

Date 12/12/2013

• The U.S. Commodity Futures Trading Commission (CFTC) filed a civil enforcement action charging Carlsbad, California-based Direct Investment Products, Inc. (DIP) and its principal, Alexander Glytenko, with fraudulently soliciting approximately $3.9 million from approximately 761 individuals residing in Russia and various former republics of the former Soviet Union to trade futures, among other products, through a commodity pool known as DIP Capital Partners (the Pool) and misappropriating at least $464,000 of the pool participant funds.

Thomson Reuters Global Equities Monthly Market Share Data Updated To Reflect November 2013 Activity

Date 12/12/2013

The Thomson Reuters Monthly Market Share data has been updated to include November data.