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  • CFTC: Federal Court Sanctions David Prescott For Forex Pool Fraud - Prescott Ordered To Pay Restitution And A Civil Monetary Penalty Totaling More Than $1.8 Million

    Date 19/11/2013

    The U.S. Commodity Futures Trading Commission (CFTC) obtained $455,098 in restitution for defrauded off-exchange foreign currency (forex) customers and a $1,365,294 civil monetary penalty in a federal court default judgment Order against Defendant David Prescott, individually and doing business as Cambridge Currency Partners (Cambridge). The court’s Order stems from a CFTC civil Complaint filed on April 30, 2013, charging Prescott with fraudulently soliciting individuals to invest in Cambridge’s forex pool and then misappropriating their monies (see CFTC Press Release6581-13).

  • Justice Department, Federal And State Partners Secure Record $13 Billion Global Settlement With JPMorgan For Misleading Investors About Securities Containing Toxic Mortgages

    Date 19/11/2013

    The Justice Department, along with federal and state partners, today announced a $13 billion settlement with JPMorgan - the largest settlement with a single entity in American history - to resolve federal and state civil claims arising out of the packaging, marketing, sale and issuance of residential mortgage-backed securities (RMBS) by JPMorgan, Bear Stearns and Washington Mutual prior to Jan. 1, 2009.  As part of the settlement, JPMorgan acknowledged it made serious misrepresentations to the public - including the investing public - about numerous RMBS transactions.  The resolution also requires JPMorgan to provide much needed relief to underwater homeowners and potential homebuyers, including those in distressed areas of the country.  The settlement does not absolve JPMorgan or its employees from facing any possible criminal charges.

  • JPMorgan Chase Reaches Settlement With The President's Task Force On Residential Mortgage-Backed Securities - Company To Host Conference Call With Investors To Detail Agreement

    Date 19/11/2013

    JPMorgan Chase & Co. announced today that it has reached a $13 billion settlement in principle negotiated by the President's RMBS Working Group of the Financial Fraud Enforcement Task Force. Today's settlement resolves actual and potential civil claims by the Department of Justice (DoJ), several State Attorneys General (State AGs), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA) and the Federal Housing Finance Agency (FHFA) relating to residential mortgage-backed securities (RMBS) activities by JPMorgan Chase, Bear Stearns and Washington Mutual.

  • CBOE, C2, CBSX And CFE Trading Schedule For The Thanksgiving Holiday

    Date 19/11/2013

    CBOE Holdings, Inc. (NASDAQ: CBOE) announced the following trading schedule for Chicago Board Options Exchange (CBOE), C2 Options Exchange (C2), CBOE Stock Exchange (CBSX) and CBOE Futures Exchange (CFE) regular trading hours and VX futures extended trading hours in observance of the Thanksgiving holiday:

  • BM&FBOVESPA Black Consciousness Day

    Date 19/11/2013

    Wednesday (November 20) is a semi-national public holiday in Brazil and there will be no trading on BM&FBOVESPA.