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  • Singapore Government: Intergovernmental Agreement (IGA) On The US Foreign Account Tax Compliance Act (FATCA)

    Date 09/11/2012

    The Singapore Government is in talks with the US Department of the Treasury to conclude an IGA on the FATCA. This is in line with Singapore’s role as a responsible tax jurisdiction and our commitment to safeguard our financial system from being used to harbour illegal proceeds. A private sector advisory panel will be formed to provide industry inputs to the talks. FATCA aims to combat tax evasion by targeting non-compliance by US taxpayers using overseas accounts.

  • Shenzhen Stock Exchange And Shenzhen Securities Information: Culture Sector Indices Launched Today

    Date 09/11/2012

    Shenzhen Stock Exchange and Shenzhen Securities Information Co., Ltd. jointly announced on November 9, 2012 to issue SZSE Culture Index (Abbreviation: SZSE Culture, Code: 399654) and CNINFO OCT Culture Index (Abbreviation: OCT Culture, Code: 399397). Both indices take June 30, 2009 as the base date, and 1000 points as base point.

  • U.S. Financial Stability Oversight Council (FSOC) To Meet November 13

    Date 09/11/2012

    On Tuesday, November 13, 2012, Treasury Secretary Tim Geithner will preside over an open session of the Financial Stability Oversight Council (Council).  The Council will discuss, among other topics, proposed recommendations regarding money market mutual fund reform pursuant to the Council’s authority under section 120 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.   

  • CFTC Charges Matthew Marshall Taylor With Fraud For Fabricating And Concealing Trades From His Employer And Obstructing Their Discovery

    Date 08/11/2012

    The U.S. Commodity Futures Trading Commission (CFTC) today filed an enforcement action charging Matthew Marshall Taylor with defrauding his employer, a large futures commission merchant (FCM), by intentionally concealing from the FCM the true huge size, as well as the risk and potential profits or losses (P&L) associated with the S&P 500 e-mini futures contracts (e-mini futures) position in a firm account traded by Taylor. Taylor, a Florida resident, was a trader at the FCM.

  • SEC Charges Executives And Auditor Of Electronic Game Card Company With Fraud

    Date 08/11/2012

    The Securities and Exchange Commission today charged three executives with repeatedly lying to investors about the operations and financial condition of an Irvine, Calif.-based company that purported to sell credit card-size electronic games. The SEC also charged the company’s independent auditor with facilitating the scheme.