News Centre

Former Executives Of Stanford Financial Group Entities Sentenced To 20 Years In Prison For Roles In Fraud Scheme

Date 14/02/2013

Gilbert T. Lopez Jr., the former chief accounting officer of Stanford Financial Group Company, and Mark J. Kuhrt, the former global controller of Stanford Financial Group Global Management, were each sentenced today to 20 years in prison for their roles in helping Robert Allen Stanford perpetrate a fraud scheme involving Stanford International Bank (SIB).  Both were convicted by a Houston federal jury on Nov. 19, 2012.

Testimony Of U.S. Treasury Under Secretary For Domestic Finance Mary Miller Before The Senate Banking Committee

Date 14/02/2013

Chairman Johnson, Ranking Member Crapo, and members of the Committee, thank you for the opportunity to appear here today to discuss progress implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Testimony On "Wall Street Reform: Oversight Of Financial Stability And Consumer And Investor Protections" By Elisse B. Walter, Chairman U.S. Securities and Exchange Commission, Before The United States Senate Committee On Banking, Housing, And Urban Affairs

Date 14/02/2013

Chairman Johnson, Ranking Member Crapo, and members of the Committee:

Thank you for inviting me to testify on behalf of the Securities and Exchange Commission regarding our ongoing implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act” or “Act”).  We appreciate the opportunity to share with you the steps we have been taking and the procedures we have followed.

CME Group Announces Open Interest Record In Benchmark Light Sweet Crude Oil (WTI) Futures

Date 14/02/2013

CME Group, the world's leading and most diverse derivatives marketplace, announced it reached a record in open interest for its global benchmark NYMEX Light Sweet Crude Oil (WTI) futures contracts yesterday, February 13, 2013. Open Interest for NYMEX WTI reached 1,665,014 contracts, compared to 1,664,400 on May 11, 2011, the last record for this contract.

FINRA Issues New Investor Alert: Duration—What An Interest Rate Hike Could Do To Your Bond Portfolio

Date 14/02/2013

The Financial Industry Regulatory Authority (FINRA) issued a new Investor Alert called Duration—What an Interest Rate Hike Could Do to Your Bond Portfolio. FINRA is issuing this Alert to help investors understand the importance of duration risk. Although stated in years, duration is not simply a measure of time. The duration of a bond or a bond fund also signals how much the price of a bond investment is likely to fluctuate when interest rates move up or down.

Testimony Of Gary Gensler, Chairman, Commodity Futures Trading Commission Before The U.S. Senate Banking, Housing And Urban Affairs Committee, Washington, DC

Date 14/02/2013

Good morning Chairman Johnson, Ranking Member Crapo and members of the Committee. I thank you for inviting me to today’s hearing on implementation of Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) swaps market reforms. I am pleased to testify along with my fellow regulators. I also want to thank the CFTC Commissioners and staff for their hard work and dedication.

NSX Securities LLC Partners With Morgan Stanley For Correspondent Clearing Services

Date 14/02/2013

NSX Securities LLC (NSXS) announced today that Morgan Stanley will act as the correspondent clearing firm for NSXS. 

NYSE Member Firms Report Fourth-Quarter 2012 Results

Date 14/02/2013

New York Stock Exchange member firms that conduct business with the public reported a fourth-quarter 2012 after-tax profit slightly over $4.0 billion and revenues of approximately $40.0 billion, compared with a nearly $4.5 billion after-tax profit on revenues of about $41.0 billion in the third-quarter of 2012. 

Burgundy: 52 % Of Trading In Swedish Equities On Alternative Marketplaces

Date 14/02/2013

About 52 percent of the total Swedish equity trading was executed on alternative marketplaces in January 2013. Burgundy reached a market share in Swedish equities of about 2.35 (2.17) percent in January 2013.

Options Industry Council Announces Meyer “Sandy” Frucher To Receive Joseph W. Sullivan Award At The Annual Options Industry Conference

Date 14/02/2013

The Options Industry Council (OIC) today announced Meyer “Sandy” Frucher as the 2013 recipient of the Joseph W. Sullivan Options Industry Achievement Award in recognition of outstanding contributions to the growth and integrity of the U.S. options market. The award will be presented at the 31st Annual Options Industry Conference, to be held April 24-26 at the Green Valley Ranch in Las Vegas, Nevada.