News Centre

DTCC To Partner With Global Banks To Develop Comprehensive Client Reference Data Service

Date 30/09/2013

The Depository Trust & Clearing Corporation (DTCC) announced today that it has signed a memorandum of understanding (MOU) with a group of large global banks that includes Barclays, Credit Suisse, Goldman Sachs and JPMorgan Chase and others to jointly develop a comprehensive service to collect and manage client entity reference data necessary to meet regulatory requirements and other normal course of business activities.

SEC Charges Three Auditors In Continuing Crackdown On Violations Or Failures By Gatekeepers

Date 30/09/2013

The Securities and Exchange Commission today announced charges against three auditors for violating federal securities laws or failing to comply with U.S. auditing standards during their audits and reviews of financial statements for publicly traded companies.

FXDirectDealer, LLC Ordered To Pay $275,000 Penalty To Settle CFTC Charges Of Violating Minimum Financial Requirement Rules

Date 30/09/2013

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges that, between November 2010 and December 2012, FXDirectDealer, LLC (FXDD), a CFTC-registered Retail Foreign Exchange Dealer (RFED) and Futures Commission Merchant (FCM) headquartered in New York, New York, failed to comply with minimum financial requirements for RFEDs and FCMs. FXDD has been registered with the CFTC as an FCM since December 10, 2009 and as an RFED since September 2, 2010.

SEC Charges New Jersey-Based Accounting Firm And Founding Partner For Failed Audits Of China-Based Company

Date 30/09/2013

The Securities and Exchange Commission today charged a New Jersey-based audit firm and one of its founding partners for their roles in the botched audits of a China-based company that failed to disclose related party transactions by its CEO and others.

CFTC Charges Registered COMEX Floor Broker Dominick Anthony Cognata With Failing To Produce Required Documents In Response To A CFTC Subpoena And Seeks To Revoke His Registration

Date 30/09/2013

The U.S. Commodity Futures Trading Commission (CFTC) today filed two separate administrative proceedings against Dominick Anthony Cognata, a registered COMEX floor broker. In one proceeding, a Complaint charges Cognata with failing to produce, or otherwise make available, to the CFTC certain records relating to his brokerage activities, in violation of Section 4g of the Commodity Exchange Act (CEA) and CFTC Regulations 1.31(a) and 1.35(a). In the other proceeding, a Notice of Intent to Revoke (Notice) seeks to revoke Cognata’s registration as a floor broker, under Sections 8a(3)(M) and 8a(4) of the CEA.

SEC Charges South Florida Woman Behind Ponzi Scheme Targeting Colombian-American Community

Date 30/09/2013

The Securities and Exchange Commission today charged a woman living in South Florida with defrauding investors in a Ponzi scheme and affinity fraud that targeted the local Colombian-American community and involved purported investments in immigration bail bonds.

Direct Edge Trading Notice #13-43: Additional Direct Edge Fee Schedule Changes For October

Date 30/09/2013

Effective Tuesday, October 1, 2013, Direct Edge® will introduce the following pricing changes on the EDGA Exchange^SM (EDGA®) and EDGX Exchange^SM (EDGX®) to reflect recent updates to the BATS BZX fee schedule, pending filing with the Securities and Exchange Commission (SEC).

Montréal Exchange Expands Derivatives Education Initiative In Canada - Options Trading Simulation Now Features Enhanced Tools In 3rd Edition

Date 30/09/2013

Montréal Exchange Inc. (MX), a wholly-owned subsidiary of TMX Group Limited and Canada’s derivatives exchange, today launched the third edition of the Options Trading Simulation.

ESMA Chair, Steven Maijoor, Gives Statement To ECON Committee Today

Date 30/09/2013

Ladies and gentlemen,

Today is my third annual appearance here as Chair of the European Securities and Markets Authority. I want to use this opportunity to provide you with a brief update on our progress in the 12 months since I last spoke to you, but will also highlight areas where I believe changes would allow ESMA to better fulfil its role.

FINRA Seeks Cease And Desist Order Against John Carris Investments And CEO George Carris For Fraud - FINRA Files Amended Complaint Charging Fraud And Stock Manipulation

Date 30/09/2013

The Financial Industry Regulatory Authority (FINRA) announced today that it has filed for a Temporary Cease-and-Desist Order against John Carris Investments, LLC (JCI) and its CEO, George Carris, to immediately halt solicitations of its customers to purchase Fibrocell Science, Inc. stock without making proper disclosures. FINRA alleges that during May 2013, JCI fraudulently solicited its customers to buy Fibrocell stock, without disclosing that during the same time period, Carris and another firm principal were selling their shares.