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  • SEC Names Julie Lutz As Director Of Denver Regional Office

    Date 20/11/2013

    The Securities and Exchange Commission today announced the appointment of Julie K. Lutz as director of the Denver Regional Office, where she will oversee enforcement and examinations in a seven-state region.

  • NYSE Member Firms Report Third-Quarter 2013 Results

    Date 20/11/2013

    New York Stock Exchange member firms that conduct business with the public reported a third-quarter 2013 after-tax profit of $2.2 billion and revenues of approximately $37.7 billion, compared with a $2.2 billion after-tax profit on revenues of about $39.5 billion in the second-quarter of 2013.

  • CFTC Announces Weekly Swaps Report - Transparency Initiative Will Give The Public A New Window Into The Formerly Opaque Swaps Market

    Date 20/11/2013

    Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler today announced the initiation of the CFTC Weekly Swaps Report. The weekly report will provide the public with a detailed view of the swaps marketplace that before the Dodd-Frank Act was an opaque market. Today’s report currently covers the interest rate and credit asset classes that comprise about 90% of the approximately $400 trillion swaps market. The report provides three views of the swaps market: the gross notional outstanding value, the weekly transactions measured by dollar volume, and the weekly transactions measured by ticket volume. For each asset class, the report provides detailed breakdowns of the swaps market by product type, currency (six major currencies), tenor, participant type, and whether swaps are cleared or uncleared. The Weekly Swaps Report is available at http://www.cftc.gov/MarketReports/SwapsReports.

  • SEC Announces Fraud Charges Against Two Florida-Based Investment Advisers

    Date 20/11/2013

    The Securities and Exchange Commission today announced charges against two Tampa-area investment advisers accused of committing fraud by failing to truthfully inform clients about compensation received from offshore funds they were recommending as safe investments despite substantial risks and red flags.

  • SIFMA Statement On Baucus' Tax Reform Discussion Draft

    Date 20/11/2013

    SIFMA today issued the following statement from former Senator Judd Gregg, SIFMA CEO, on the tax reform discussion draft released by Senate Finance Committee Chairman Max Baucus on international tax issues that would require US-based companies to pay a minimum level of tax on foreign subsidiaries' earnings:

    "SIFMA applauds Chairman Max Baucus for recognizing that our international tax system is outdated and must be modernized to allow US firms to be competitive in the global economy.  The success and profitability of US companies providing services and products abroad has been critical to the growth of the United States economy, and the Chairman should be commended for undertaking the difficult task of reforming our international tax laws on a revenue neutral basis."