News Centre

Q&A Remarks At The Private Equity International Conference By Bruce Karpati, Chief, SEC Enforcement Division's Asset Management Unit, U.S. Securities And Exchange Commission

Date 23/01/2013

Thank you to Private Equity International for having me here today. I am grateful for the opportunity to speak about our work in the private equity space. First, let me start by saying that my comments here today are mine and mine alone, and do not represent the views of the SEC, the Commissioners, or the staff.

DTCC Releases 2012 Annuity Product Activity Showing Decline In Net Cash Flows From 2011

Date 23/01/2013

The Depository Trust & Clearing Corporation (DTCC) Insurance & Retirement Services (I&RS) released findings on activity and trends in the market for annuity products in 2012. The report is based on data, obtained from the millions of transactions processed by and entrusted to I&RS, which is available through its online Analytic Reporting for Annuities information service.

ISDA To Publish Auction Terms For Mediannuaire

Date 23/01/2013

The International Swaps and Derivatives Association, Inc. (ISDA) today announced that LCDS dealers voted to hold an auction for European loan-only CDS transactions referencing certain facilities entered into pursuant to a Senior Credit Agreement entered into by the credit known as Mediannuaire on 10th October 2006 (and as amended from time to time thereafter).

SIFMA Statement On Suspension Of Debt Limit

Date 23/01/2013

SIFMA today released the following statement from Kenneth E. Bentsen, Jr., executive vice president, public policy and advocacy in response to House-passage of a bill that would suspend the nation’s debt limit through May 18. 

World Economic Forum: Africa Now The World’s Second Fastest Economy, To Grow 5.3% In 2013

Date 23/01/2013

• Africa is now the world’s second fastest growing economy, and may grow even faster in 2013
• Most African states have achieved political stability, which is important for investment
• The risks include governance, economic and political exclusion, and weak institutions
• The theme of the 43rd World Economic Forum Annual Meeting is Resilient Dynamism. For more information, visit http://wef.ch/Davos

CFTC Approves Rulebook And Issues Amended Registration Order For LCH.Clearnet LLC

Date 23/01/2013

Today, the Commodity Futures Trading Commission issued to LCH.Clearnet LLC (LCH) (1) a letter approving LCH’s revised rulebook and (2) an amended order of registration as a derivatives clearing organization (DCO). LCH, formerly the International Derivatives Clearinghouse, LLC (IDC), a registered DCO, had requested approval of its revised rulebook following its August 2012 acquisition by LCH.Clearnet Group Limited. The amended order of registration, which permits LCH to clear, in its capacity as a registered DCO, futures contracts, options on futures contracts, commodity options, and swaps where interest rates and/or currencies constitute the underlying commodity or reference, supersedes the original order of registration that had been issued to IDC in 2008.

SEC To Hold National Compliance Event For Broker-Dealers

Date 23/01/2013

The Securities and Exchange Commission today announced the opening of registration for its National Compliance Outreach Program for Broker-Dealers that will take place in Washington D.C. on April 9.

NASDAQ OMX Hosts 8th Annual Opening Bell From The World Economic Forum Annual Meeting In Davos, Switzerland

Date 23/01/2013

The NASDAQ OMX Group, Inc. will open its market remotely from Davos,  Switzerland at the World Economic Forum Annual Meeting. On Thursday, January  24^th, NASDAQ OMX Chief Executive Officer, Bob Greifeld, and Executive  Vice President, Bruce Aust, will participate in the market open along with  NASDAQ OMX officials and more than 25 invited companies. This is the eighth  market open that NASDAQ OMX has held remotely from Davos.

NASDAQ OMX Chosen To Power New East Africa Exchange

Date 23/01/2013

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that it has been  selected as the technology partner for a new exchange, East Africa Exchange.  NASDAQ OMX will deliver its widely deployed X-stream technology to power trading  and clearing for the nascent exchange.

FINRA Seeks A Cease-And-Desist Order Against Westor Capital Group And Its President For Misappropriation And Misuse Of Customer Funds And Securities - FINRA Also Files Complaint Charging Westor And President

Date 23/01/2013

The Financial Industry Regulatory Authority (FINRA) announced today that it has filed for a Temporary Cease-and-Desist Order (TCDO) against Herkimer, NY-based Westor Capital Group, Inc. and its President, Chief Compliance Officer and Financial and Operations Principal, Richard Hans Bach, to immediately stop the further misappropriation and misuse of customer funds and securities. FINRA is seeking the TCDO to prevent further customer harm that would likely continue before a formal disciplinary proceeding against Westor and Bach could be completed.