News Centre

SEC Approves Minimum Financial Requirements For Registered Investment Companies To Become Members Of DTCC’s Government Securities Division

Date 16/01/2014

The Depository Trust & Clearing Corporation’s (DTCC) wholly-owned subsidiary, Fixed Income Clearing Corporation (FICC), announced today that the Securities and Exchange Commission (SEC) has approved FICC’s proposed rule change to establish minimum financial requirements for Registered Investment Companies (RICs) – “buy-side” market participants –  to become members of its Government Securities Division (GSD).  RICs are key participants in the market served by GSD.

SIFMA Issues 2013 Year In Review

Date 16/01/2014

SIFMA today issued our 2013 Year in Review. The report explores the role of the financial industry in fueling economic growth and job creation; reviews progress that has been made in the financial regulatory reform process to date; and highlights opportunities for members to be involved with their association.

CFTC Announces Agenda For The Public Meeting Of The Technology Advisory Committee

Date 16/01/2014

The Commodity Futures Trading Commission (CFTC) announced that on Tuesday, January 21, 2014, the CFTC’s Technology Advisory Committee (TAC) will hold a public meeting at the CFTC’s headquarters in Washington, DC from 10:00 a.m. to 5:00 p.m. For more information regarding the meeting, see CFTC News Release 6820-14. You can view the agenda under related links.

The Philosophies Of Capital Requirements - SEC Commissioner Daniel M. Gallagher, Washington, DC, Jan. 15, 2014

Date 15/01/2014

Thank you, Sarah [Kelsey, Exchequer Club Secretary], for that introduction.  I’m very pleased to be here this afternoon.

Today, I’d like to talk about regulatory capital.  Given the usual reaction I get when I raise this subject, just to be safe, I’ve barred the exits!

OIC Launches New Investor Education Mobile App

Date 15/01/2014

The Options Industry Council (OIC) announced today a new mobile application for iOS devices. Investors can now enjoy OIC’s options education on the go by downloading the OIC app available for iPhone® and iPad® devices. This free app offers select OIC courses, an interactive strategy section, and delivers the latest information on OIC’s upcoming events and seminars.

CFTC Orders Multigrain SA And Agricola Xingu SA To Pay $500,000 For Call Cotton Reporting Violations

Date 15/01/2014

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against Multigrain SA (Multigrain) andAgricola Xingu SA (Agricola Xingu), Brazil-based companies that produce and trade cotton and other agricultural products, for failing to comply with their legal obligation as reportable traders to submit weekly Form 304 Reports that show their call cotton purchases and sales.

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.