News Centre

Japan's Securities And Exchange Surveillance Commission: Recommendation For Administrative Monetary Penalty Payment Order For Market Manipulation Of The Shares Of Yahoo Japan Corporation

Date 13/12/2012

1. Contents of the recommendation

Pursuant to Article 20(1) of the Act for Establishment of the Financial Services Agency (FSA), on December 13, 2012, the Securities and Exchange Surveillance Commission (SESC) made a recommendation that the Prime Minister and the Commissioner of FSA shall issue an administrative monetary penalty payment order for market manipulation of the shares of Yahoo Japan Corporation. This recommendation is based on the findings of the investigation of market manipulation, whereby the following violations of laws and ordinances were identified.

Statement On ICI & Chamber Of Commerce V. CFTC: CFTC Chairman Gary Gensler

Date 13/12/2012

"I am pleased the D.C. District Court has upheld the Commission's Commodity Pool Operator Registration and Reporting rule, and in particular, the court's affirmation of the agency's consideration of costs and benefits. I commend the rule writing, economic and legal teams at the CFTC for their excellent work and dedication."

Recovery And Resolution Of Credit Institutions: EESC Makes Concrete Proposals For Adequate Implementation

Date 13/12/2012

The financial crisis has shown that national authorities are not fully equipped to deal with failures of banks that operate in today's global markets. Between October 2008 and October 2011, governments injected EUR 4.5 trillion (37% of EU GDP) of public money into the banking sector.

Jack Ehnes Of CalSTRS To Chair FTSE Environmental Markets Committee

Date 13/12/2012

FTSE Group (“FTSE”), a leading global index provider and a pioneer in responsible investment, announced that Jack Ehnes, CEO of CalSTRS (California State Teachers’ Retirement System) will serve as the new chairman of the FTSE Environmental Markets Committee.  The announcement comes on the fifth anniversary of FTSE’s Environmental Market Index Series and its partnership with Impax Asset Management, the environmental markets specialist that FTSE worked with to develop the market-leading classification system underpinning the Series.

Danforth Townley Named Attorney Fellow In SEC’s Division Of Investment Management

Date 13/12/2012

The Securities and Exchange Commission today announced that Danforth Townley has been appointed an Attorney Fellow in its Division of Investment Management, which protects investors and promotes capital formation through oversight and regulation of the nation’s multi-trillion dollar investment management industry.

ICE Announces 2013 UK Auction Calendar For EU Allowances

Date 13/12/2012

IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, today announced the calendar for emissions auctions taking place on ICE Futures Europe in 2013. The auctions will be hosted by the Exchange on behalf of the UK's Government Department of Energy and Climate Change (DECC).

CFTC Charges Calif. Company Arista LLC And Calif. Residents Abdul Sultan Walji And Reniero Francisco With Fraud In Operating $9.5 Million Commodity Pool - Federal Court Issues Emergency Order Freezing The Defendants' Assets, Permitting Expedited Asset Discovery, And Protecting Books And Records

Date 13/12/2012

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 Southern District of New York againstArista LLC, a registered Commodity Pool Operator (CPO) with its principal place of business in Newport Coast, Calif., and its principals Abdul Sultan Walji (a/k/a Abdul Sultan Valji) andReniero Francisco, both California residents. The CFTC complaint charges the defendants with defrauding investors in connection with operating a commodity pool to trade commodity futures contracts and options, making false statements to pool participants, misappropriating pool funds, and making false statements in filings with the National Futures Association (NFA). The CFTC complaint also charges the defendants with failing to register with the CFTC during Arista’s first year of operating as a CPO.

Exercise Of Ibovespa Options Generates BRL 7.06 Billion Financial Volume On BM&FBOVESPA

Date 13/12/2012

The exercise of options on the BOVESPA Index (Ibovespa) generated BRL 7.06 billion yesterday, with 115,090 contracts traded. Of the volume exercised, BRL 4.17 billion was in put options and BRL 2.89 billion in call options.

Testimony Before The US House Of Representatives Committee On Agriculture Subcommittee On General Farm Commodities And Risk Management By CFTC Commissioner Jill E. Sommers

Date 13/12/2012

Good morning Chairman Conaway, Ranking Member Boswell and members of the Committee.  Thank you for inviting me to testify on the challenges facing U.S. and international markets resulting from the Dodd-Frank derivatives reforms.  I have worked in the derivatives industry for over fifteen years and have been a Commissioner at the Commodity Futures Trading Commission (CFTC or Commission) since August of 2007.  During my time at the Commission I have served as the Chairman and sponsor of the CFTC’s Global Markets Advisory Committee (GMAC) and have represented the Commission at meetings of the International Organization of Securities Commissions (IOSCO), one of the principal organizations formed to develop, implement and promote internationally recognized and consistent standards of regulation, oversight and enforcement in the securities and derivatives markets.  I am pleased to give you my perspective on the many challenges facing regulators across the globe in their quest to meet the commitments on over-the-counter (OTC) derivatives reform made by the G20 Leaders in 2009 and, in particular, the challenges presented in interpreting the cross-border scope of Dodd-Frank.  The views I present today are my own and not those of the Commission.

The Chair Of ESMA Has Given A Written Statement To The US House Of Representatives On The Dodd-Frank Reform

Date 13/12/2012

On the occassion of a hearings at the Agriculture Committee of the U.S. House of Representatives on the Dodd-Frank derivatives reform and the challenges facing U.S. and international markets, Steven Maijoor, Chair of ESMA, has sent a written statement.