News Centre

Alberta Securities Commission Announces Appointment Of Three New Commission Members

Date 17/04/2013

The Alberta Securities Commission (ASC) is pleased to announce that the Lieutenant Governor in Council has appointed Bradley Nemetz, Ann Rooney and Dr. Ian Beddis as members of the ASC, each for a three-year term. They bring a combined wealth of experience and knowledge from the accounting, finance and legal professions.

Examining Investment Advisers: The Challenge Continues By SEC Commissioner Elisse B. Walter

Date 17/04/2013

Good morning, it is a pleasure to be back here, among strong allies and good friends at a gathering of securities regulators from across America — men and women who are as committed as I am to investor protection and to safe and stable securities markets.

March 2013 FIF Market Share And Market Dynamics Reports – Executive Summary

Date 17/04/2013

U.S. Equities Market Share

• Share volumes traded across Tape A, B, and C totaled 123 billion shares, a decrease of 2% monthly and 16% annually.
• In March 2013, off-exchange trading accounted for 36% of the shares traded in NMS Equity Securities, a decrease of 0.4% compared to last month.
• NYSE-listed securities share volume was 69 billion shares, a decrease of 1% monthly and 18% annually.
• Share volume in NASDAQ-listed securities was 33 billion shares, a 5% monthly and 8% annual decline.

CFTC: Federal Court Orders North Carolina Residents Timothy Bailey And Michael Hudspeth, And Their Company, PMC Strategy, LLC, To Pay Over $1.8 Million For Fraud In Foreign Currency Ponzi Scheme

Date 17/04/2013

The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained federal court orders requiring Defendants Timothy Bailey of Monroe, North Carolina, Michael Hudspeth, formerly of Statesville, North Carolina, and their company, PMC Strategy, LLC (PMC), to pay over $1.8 million for solicitation fraud and misappropriation in connection with an off-exchange foreign currency (forex) Ponzi scheme that solicited at least $669,000 from more than 22 individuals (see CFTC Press Release 5983-11).

ADX Appoints Mohammad Al Muhairi To Head CSD

Date 17/04/2013

Abu Dhabi Securities Exchange (ADX) announced the appointment of Mr. Mohammad Al Muhairi as head of its Clearing, Settlement, and Depository (CSD) department.  Mr. Al Muhairi has 13 years of experience in the financial sector while working at ADX.  

NASDAQ OMX Issues Statement On Border Security, Economic Opportunity, And Immigration Modernization Act Of 2013

Date 17/04/2013

Regarding the Senate's Gang of Eight comprehensive immigration bill released yesterday - Border Security, Economic Opportunity, and Immigration Modernization Act of 2013 - NASDAQ OMX issued the following statement:

"NASDAQ OMX congratulates the Senate Gang of Eight for their dedication and bipartisan collaboration on comprehensive immigration reform," said Bob Greifeld, Chief Executive Officer, NASDAQ OMX. "Historically, more than half of our nation's new technology startups have been founded by foreign-born owners, including many of NASDAQ's most innovative and game-changing companies. The Gang of Eight's commitment to increasing H1B and Green Card numbers as well as the addition of a STEM fund are encouraging steps toward comprehensive immigration reform, all of which will have significant benefits to the American economy and the global competitiveness of our nation."

CFTC: Federal Court In Florida Orders Michael Alcocer And His Panama-Based Company, InovaTrade, Inc., To Pay More Than $38 Million In Foreign Currency Fraud Action

Date 17/04/2013

The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained a federal court Order requiring Defendants Michael Alcocer (a U.S. citizen) and his company,InovaTrade, Inc., formerly of Miami and Orlando, Florida and later Panama City, Panama, to pay, jointly and severally, restitution of over $9.6 million and a civil monetary penalty of more than $28.8 million. The Order also imposes permanent trading and registration bans against Alcocer and InovaTrade and permanently prohibits them from further violations of federal commodities law, as charged. Neither Defendant has ever been registered with the CFTC.

Brazil's Market Surveillance Project Goes Live Across All Markets At BM&FBOVESPA

Date 17/04/2013

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), BM&FBOVESPA, the Brazilian Securities, Commodities and Futures (BVMF3) Exchange, and BM&FBOVESPA Market Supervision (BSM), have announced the official go-live of NASDAQ OMX's SMARTS Integrity market surveillance platform across Brazil's equities, commodities and futures. BM&FBOVESPA's Equities market has been working with SMARTS since 2011, and now the Commodities and Futures markets will be monitored on the PUMA Trading System platform.

Thai Bourse Gold Futures Trading Prices Align With Global Market

Date 17/04/2013

The Thailand Futures Exchange PCL (TFEX), under The Stock Exchange of Thailand (SET) group, announced that trading of gold futures today was normal despite global gold price fluctuation, and by end-of-day, the price of gold futures had dropped only 11.2%. Also, Thailand Clearing House Co., Ltd. will adjust margin rates for gold and silver futures, effective on April 22, 2013.

CPSS And IOSCO Monitor The Implementation Of The PFMIs

Date 17/04/2013

The Committee on Payment and Settlement Systems (CPSS) and the International Organization of Securities Commissions (IOSCO) have started the process of monitoring implementation of the Principles for financial market infrastructures (the PFMIs). The PFMIs are international standards for payment, clearing and settlement systems, including central counterparties, and trade repositories. They are designed to ensure that the infrastructure supporting global financial markets is robust and well placed to withstand financial shocks. The PFMIs were issued by CPSS-IOSCO in April 2012 and jurisdictions around the world are currently in the process of implementing them into their regulatory frameworks to foster the safety, efficiency and resilience of their financial market infrastructures (FMIs).