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SIFMA President & CEO Kenneth E. Bentsen, Jr. Testifies On The Impact Of The Volcker Rule

Date 15/01/2014

SIFMA President & CEO Kenneth E. Bentsen, Jr. testified today before the House Financial Services Committee on the impact and unintended consequences of the Volcker Rule.  A link to Bentsen's full written statement is available here.

Federal Court In Texas Orders $1.5 Million In Sanctions Against Defendant Mark E. Rice For Fraudulent Forex Scheme

Date 15/01/2014

The U.S. Commodity Futures Trading Commission (CFTC) obtained a federal court Order requiring Defendant Mark E. Rice, of Sugar Land, Texas, to pay $827,000 in restitution and a $673,000 civil monetary penalty to settle CFTC charges related to fraudulent solicitation and misappropriation of customer funds to trade leveraged off-exchange foreign currency contracts (forex). The Consent Order of Permanent Injunction, entered on January 13, 2014, by Judge Lee H. Rosenthal of the U.S. District Court for the Southern District of Texas, also imposes permanent trading and registration bans against Rice and prohibits him from violating provisions of the Commodity Exchange Act, as charged.

ESMA Publishes Updated Q&A On The Prospectus Directive

Date 15/01/2014

ESMA updated today its Q&A on prospectus related issues by including two new questions and answers. The purpose of the document is to promote common supervisory approaches and practices in the application of the Prospectus Directive (PD) and its implementing measures. This is achieved by providing responses to questions received by the general public and competent authorities in relation to the practical application of the PD.

Thomson Reuters Full-Year And Fourth-Quarter 2013 Earnings Announcement And Webcast Scheduled For Wednesday, February 12, 2014 - Conference Call And Webcast Scheduled For 8:30 A.M. EST

Date 15/01/2014

Thomson Reuters (NYSE, TSX: TRI), the world's leading source of intelligent information for businesses and professionals, announced today that its full-year and fourth-quarter 2013 earnings will be issued via news release on Wednesday, February 12, 2014. 

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

Date 15/01/2014

Monthly Market Share Reports

Trading is increasingly fragmented. Find out by how much and which venues in the Thomson Reuters summarised monthly reports.

Testimony Of Vincent McGonagle, Director Division Of Market Oversight, Commodity Futures Trading Commission Before The Financial Institutions And Consumer Protection Subcommittee Senate Committee On Banking, Housing, And Urban Affairs

Date 15/01/2014

Chairman Brown, Ranking Member Toomey, and Members of the Subcommittee, thank you for the opportunity to appear before you today. I am Vincent McGonagle and I am the Director of the Division of Market Oversight of the Commodity Futures Trading Commission (CFTC).

NYSE Euronext And Invesco PowerShares Announce Launch Of NYSE Century ETF - ETF Tracks 100-Year Icons Of American Business In The NYSE Century Index

Date 15/01/2014

NYSE Euronext and Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs), today announced the launch of the PowerShares NYSE Century Portfolio (NYCC) on NYSE Arca. NYCC is based on the NYSE Century Index, which includes U.S. companies that have been incorporated for at least 100 years, are listed on a U.S. exchange and have a market capitalization of at least $1 billion.

LCH.Clearnet Named Risk Magazine's "Clearing House Of The Year"

Date 15/01/2014

LCH.Clearnet Group (LCH.Clearnet) has been named “Clearing House of the Year” by Risk Magazine.

SEC Obtains Settlements In Penny Stock “Shell Packaging” Case

Date 15/01/2014

The Securities and Exchange Commission today announced nearly $300,000 in settlements against a Virginia-based “shell packaging” company and its CEO who were charged with facilitating a penny stock scheme as well as a Bronx, N.Y.-based stock promoter who received proceeds from the fraud.

SIFMA Statement On TruPS CDOs Relief Under The Volcker Rule

Date 15/01/2014

SIFMA yesterday issued the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, on the approval by five federal agencies of an interim final rule to permit banking entities to retain interests in certain collateralized debt obligations backed primarily by trust preferred securities (TruPS CDOs) from the investment prohibitions of section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, known as the Volcker rule: