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FINRA Bars J.P. Morgan Vice President And Broker Friend In Insider Trading Scheme - FINRA Previously Barred Westrock Advisors Broker For Failing To Provide Testimony

Date 16/01/2014

The Financial Industry Regulatory Authority (FINRA) announced today that it has barred David Michael Gutman, a Vice President in the conflicts office of J.P. Morgan Securities, LLC, and Christopher John Tyndall, a former registered representative at Meyers Associates, L.P., from the securities industry for their roles in an insider trading scheme. Gutman and Tyndall were longtime close personal friends who grew up together on Long Island. FINRA's investigation found that Gutman improperly shared material, non-public information with Tyndall during conversations that took place between March 2006 to October 2007 regarding at least 15 pending corporate merger and acquisition transactions. Tyndall then used the information to trade ahead of at least six of the corporate announcements using personal and family accounts over nearly a two-year period, and also recommended the stocks to his customers and friends. Also in connection with its investigation, FINRA barred a third broker, Joseph Critelli – also a friend of Tyndall and a registered representative at Westrock Advisors, Inc. at the time – in January 2013 for failing to appear for testimony related to his trading activity in this scheme. 

CFTC Expands Portal Capabilities To Make Public Submissions More Efficient And Secure

Date 16/01/2014

The U.S. Commodity Futures Trading Commission (CFTC or Commission) announced today that it has expanded the capabilities of an external portal that allows market participants and the general public to submit information more easily and securely while enhancing the CFTC’s ability to process submissions.

Chicago Business Barometer Revised Up 1.7 Points To 60.8 In December 2013 - Growth In Second Half Of 2013 Revised Higher

Date 16/01/2014

The Chicago Business Barometer was revised up 1.7 points to 60.8 in December2013  from  the previously  reported  figure of  59.1, as a result  of  the  annual seasonal adjustment recalculation.

Treasury International Capital Data For November

Date 16/01/2014

The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for November 2013. The next release, which will report on data for December 2013, is scheduled for February 18, 2014.

Former Microsoft Director Of Financial Integrity Martin T. Biegelman Joins IPSA International

Date 16/01/2014

IPSA International, Inc. (IPSA), an international risk advisory firm, is pleased to announce that Martin T. Biegelman has joined as Executive Vice President, U.S. Operations and Practice Chair, Litigation Support. Mr. Biegelman will manage the firm's growing Anti-Bribery/ Corruption and Litigation Support Practices while providing strategic direction and leadership as IPSA expands its global presence and service offerings. Martin will continue to provide clients subject matter expertise in responding to and mitigating risk from fraud, corruption and other compliance issues.   

Thai Bourse Expects Derivative Warrants On Indices To Be Launched This Year

Date 16/01/2014

The Stock Exchange of Thailand (SET) has recently joined hands with brokers to continuously educate investors on using derivative warrants (DW), and expects that DWs on SET Index series can be launched by brokers this year. As many as 761 DWs were launched in 2013, with an average daily trading value of THB 1,000 million (approx. USD 33 million), increasing 254 percent from the previous year.

TheCityUK: UK Trade Surplus In Finance To Reach Record £61bn

Date 16/01/2014

New China A Shares ETF Lists On London Stock Exchange

Date 16/01/2014

• db x-trackers Harvest CSI300 INDEX UCITS ETF (DR)’ starts trading on London Stock Exchange
• New ETF will track the CSI300 Index
• Over 1000 ETPs listed on London Stock Exchange

Summary Of Warsaw Stock Exchange Development Strategy For 2014-2020

Date 16/01/2014

‘Today we present the key elements of a strategy which aims to build the strongest securities exchange in the history of Central and Eastern Europe. With its resources and capacity, such exchange will be positioned to effectively support the development of local economies and compete on the international market. I am positive that by 2020 we will create a market offering companies from Gdansk via Dubrovnik to Odessa strong foundations for growth that can be achieved through a modern and effective regional capital market,’ said Adam Maciejewski, President of the Management Board of WSE.

PEGAS: New Daily Record On The German Natural Gas Derivatives Market

Date 16/01/2014

Yesterday,  a  new  daily  record  on  the  natural  gas derivatives market for the German market areas (GASPOOL, NCG) was achieved on PEGAS, the common gas trading platform of the European Energy Exchange (EEX) and Powernext. In total, a volume of 2,931,312 MWh was traded. The previous record in those market areas was 2,611,810 MWh, traded on 5 May 2010.