News Centre

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.

IMF Managing Director Christine Lagarde Names Clare Brady As Director Of Internal Audit

Date 30/09/2013

Managing Director Christine Lagarde of the International Monetary Fund (IMF) today announced her intention to appoint Clare Brady as Director of the Fund’s Office of Internal Audit and Inspection (OIA). Ms. Brady will succeed Russell Kincaid, who retired in April. Her appointment will take effect in January 2014.

CFTC Charges TOTE Fund LLC, MJS Capital Management LLC And Their Principal, Michael J. Siegel With Commodity Pool Fraud

Date 30/09/2013

The U.S. Commodity Futures Trading Commission (CFTC) today announced that it filed a civil enforcement action in the U.S. District Court for the District of New Jersey, charging two California firms, TOTE Fund LLC (TOTE) and MJS Capital Management LLC (MJS), and their principal, Michael J. Siegel of Northfield, New Jersey, with misappropriating funds in connection with two commodity pools.

S&P Capital IQ - Outlook for Europe Report

Date 30/09/2013

Highlights from the latest ‘European Investment Policy Committee’ note from S&P Capital IQ Equity Research:

• 2014 and the rest of 2013 will likely be defined by the strength of an earnings rebound. We anticipate that many cyclical subsectors will lead this rebound via margin recovery, higher economic activity driving both consumer and industrial demand and, for Continental Europe, forex support. Many leading indicators have improved materially since April, with some investors nervous that the cyclical outperformance over defensive peers is over. The ‘early cyclical’ phase is indeed likely over, and also included an element of catch-up following the weak Q1 outturn, but leading indicators are a better buy signal than sell. In our view we are about to enter a new, normalised cycle where economic momentum does become more lumpy but where reactions should be more contained.

UK Funds Under Management Up 6.5% To Record £5.4 Trillion - New Report From TheCityUK Shows 4th Successive Year Of Sector Growth

Date 30/09/2013

TheCityUK’s Fund Management report, released today, shows that the UK’s fund management sector was responsible for a record £5.4 trillion of funds at the end of 2012, some 30% above the pre-crisis peak.

CFTC Staff Responds To Frequently Asked Questions On Commodity Options

Date 30/09/2013

The U.S. Commodity Futures Trading Commission (CFTC) Division of Market Oversight (DMO) staff is responding to frequently asked questions (FAQ) from market participants and other interested parties regarding commodity options.