News Centre

The Importance Of Trials To The Law And Public Accountability, SEC Chair Mary Jo White, 5th Annual Judge Thomas A. Flannery Lecture, Washington D.C.

Date 14/11/2013

It is a great honor to have been asked to give the Fifth Annual Judge Thomas A. Flannery Lecture. And it is especially meaningful to be joined tonight by Tom Flannery’s daughter Irene, son Tom, and so many friends, colleagues, and former law clerks who knew and served with him.

FINRA Names Mike Rufino Head of Member Regulation – Sales Practice, And Bill Wollman Head Of Member Regulation – Risk Oversight And Operational Regulation (ROOR)

Date 14/11/2013

The Financial Industry Regulatory Authority (FINRA) announced that Mike Rufino will become Head of Member Regulation – Sales Practice, and Bill Wollman will become Head of Member Regulation – Risk Oversight and Operational Regulation (ROOR).

SEC Charges Hedge Fund Trader With Insider Trading In Carter’s Stock

Date 14/11/2013

The Securities and Exchange Commission today announced insider trading charges against a New York-based investment professional who used nonpublic information about youth clothing company Carter’s Inc. to give the hedge fund where he worked a $3.2 million trading edge.

S&P Dow Jones Indices Announces Changes To The S&P/TSX Canadian Indices - A Share Update For The S&P/TSX Composite Index

Date 14/11/2013

S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:

Barrick Gold Corporation (TSX:ABX) has closed a bought deal equity offering of common shares that was announced on October 31, 2013. After the close of trading on Thursday, November 21, 2013, the relative weight of Barrick Gold will increase in the S&P/TSX Composite and Capped Composite, the S&P/TSX 60 and 60 Capped, the S&P/TSX Capped Materials,  the  S&P/TSX  Global  Mining,  the  S&P/TSX  Global  Gold  and  the  S&P/TSX Composite Dividend Indices to reflect this issuance of new shares. There will be no weight change for Barrick Gold in the S&P/TSX Composite Equal Weight, the S&P/TSX 60 Equal Weight,  the  S&P/TSX  Composite  High  Beta,  the  S&P/TSX  60  130/30  Strategy  or  theS&P/TSX Equal Weight Global gold Indices.

TABB Group Reaction To European Commission Continuing To Press Ahead With The Council's Recommendation Of 4% And 8% Volume Caps For Dark Pool Trading

Date 14/11/2013

According to TABB’s senior research analyst Rebecca Healey in London, despite the capital markets industry’s best efforts, the European Commission is continuing to press ahead with the Council’s recommendation of the 4% and 8% volume caps for dark pool trading, as well as price improvement at the mid-point. 

CFTC’s Divisions Of Clearing And Risk, Market Oversight And Swap Dealer And Intermediary Oversight Issue Guidance On The Application Of Certain Commission Regulations To Swap Execution Facilities

Date 14/11/2013

The Commodity Futures Trading Commission’s Divisions of Clearing and Risk, Market Oversight and Swap Dealer and Intermediary Oversight issued guidance (Guidance) today to swap execution facilities (SEFs) and applicants for registration as a SEF concerning certain Commission regulations. The Guidance addresses certain restrictions related to swaps executed or traded on or subject to the rules of a SEF that are intended to be cleared. In addition, the Guidance addresses requirements placed on eligible contract participants for access to a SEF.

Readers Award BAE Systems Detica The Best Financial Crime Product Or Service At The Banking Technology Awards 2013

Date 14/11/2013

BAE Systems Detica announces that it has been awarded the Best Financial Crime Product or Service award in the readers’ choice category at the Banking Technology Awards 2013. The accolade was given in recognition of Detica’s outstanding performance in the financial services security market, and in particular its ability to detect the most sophisticated threats, its unique customer approach, and its strong product portfolio.

CFTC Staff Issues Advisory On The Applicability Of Transaction-Level Requirements In Certain Cross-Border Situations

Date 14/11/2013

Today, the Division of Swap Dealer and Intermediary Oversight (DSIO) of the Commodity Futures Trading Commission (CFTC) responded to an inquiry from swap market participants and other interested parties on the applicability of Dodd-Frank Transaction-Level Requirements to swaps between non-U.S. swap dealers (SDs) (whether an affiliate or not of a U.S. person) and non-U.S. persons if the swap is arranged, negotiated, or executed by personnel or agents of the non-U.S. SD located in the U.S. DSIO is issuing a Staff Advisory to help market participants better understand the applicability of the Commission’s rules.

Alternative UCITS, 3Q 2013 Update - MondoAlternative

Date 14/11/2013

• Alternative UCITS inflows in 3Q 2013: +3.2 Euro billion, Single managers; +93 Euro million, Fund of funds
• 109 Euro billion (end of September 2013) of total assets under management monitored, up from 103.7 Euro billion at end of June 2013;
• Long/short equity and Equity market neutral strategies are responsible for the growth of the sector: +2.3 Euro billion and +986 Euro millions of inflows respectively in 3Q 2013 (see chart 1).

Kevin W. Goodman Named Head Of SEC’s Broker-Dealer Examination Program

Date 14/11/2013

The Securities and Exchange Commission today announced that Kevin W. Goodman has been named as the national associate director of the broker-dealer examination program in the Office of Compliance Inspections and Examinations (OCIE).  He will oversee a staff of approximately 300 lawyers, accountants, and examiners responsible for inspections of U.S.-registered broker-dealers.