News Centre

July 2012 FIF Market Share And Market Dynamics Reports – Executive Summary

Date 13/08/2012

• 2012, off-exchange trading accounted for 31% of the shares traded in NMS Equity Securities.
• Share volumes in NYSE-listed securities decreased 10% monthly and 4% annually to 73 billion shares.
• NASDAQ-listed securities share volume decreased 8% monthly and 9% annually to 34 billion shares.

Firms Elect Three Industry Governors To FINRA Board Of Governors

Date 13/08/2012

The Financial Industry Regulatory Authority (FINRA) today announced the results of voting that took place at its 2012 Annual Meeting today in Washington, DC. In accordance with FINRA By-Laws, firms elected three Governors, one from among the small firms, one from among its mid-size firms and one from among the large firms. These three newly elected Governors begin their terms immediately. Governors are appointed or elected to three-year terms and may not serve more than two consecutive terms.

MGEX Announces Successful First Day Of Apple Juice Concentrate Contract Trading

Date 13/08/2012

MGEX,  a  Designated  Contract  Market  (DCM)  and  Derivatives  Clearing Organization (DCO), today launched the Apple Juice Concentrate (AJC) futures and options contract.  For the first time, market participants could access the AJC futures and options market, orders were placed, transactions were cleared by MGEX and quotes were distributed. There was trade activity in the November 2012 contract month.

ISDA Publishes August 2012 Dodd-Frank Protocol - ISDA And Markit Launch ISDA Amend To Automate Process

Date 13/08/2012

The International Swaps and Derivatives Association, Inc. (ISDA) today announced the launch of the August 2012 Dodd-Frank Protocol.

CFTC Settles Action Against Douglas Elsworth Wilson And Three California Companies For Solicitation Fraud, Misappropriating Customer Funds, And Issuing False Statements In Commodity Futures And Forex Scheme - Federal Court Orders Defendants To Pay Over $5.4 Million In Restitution And Civil Monetary Penalties

Date 13/08/2012

The U.S. Commodity Futures Trading Commission (CFTC) today announced that on August 9, 2012, a federal court in California entered a consent order that requires defendants Douglas Elsworth Wilsonof Poway, Calif., and three companies he controls and manages, Elsworth Berg Capital Management LLC (EBCM), Elsworth Berg Inc., and Elsworth Berg FX LLC (collectively, Elsworth Berg) jointly and severally to pay $3,965,670.71 in restitution to customers as well as a $1.5 million civil monetary penalty. The order also imposes permanent trading and registration bans and permanent injunctions against further violations of federal commodities law, as alleged.

CFTC Charges Colorado Resident Michael Bruce Gale With Commodity Pool Fraud - Gale Also Charged With Misappropriation, Commingling Investor Funds, False Statements, And Failure To Register - Federal Court Issues Emergency Order Freezing Gale’s Assets And Protecting Books And Records

Date 13/08/2012

The U.S. Commodity Futures Trading Commission (CFTC) today announced that it filed a civil anti-fraud enforcement action against Michael Bruce Gale (Gale) of Littleton, Colo., individually and doing business as Capital Management Group (CMG). The CFTC complaint charges Gale with defrauding investors in connection with operating a commodity pool to trade commodity futures contracts, making false statements to pool participants, misappropriating pool funds, commingling investor funds with pool funds, and failing to register as a commodity pool operator with the CFTC.

U.S. Department Of Justice: Three Indicted In New York In $5 Million Fraud Scheme

Date 13/08/2012

Two of three men who allegedly defrauded an individual in a funds leasing scheme have been arrested on an indictment charging them with conspiracy and wire fraud.  Thomas Bannon, the president of Overseas Investors LLC; Robert Bardey, an attorney; and Theodore Sweeten, the president of Symtech International Inc., are charged in an 11-count indictment in federal court in Brooklyn.  Bardey was arrested and arraigned on July 30, 2012.  Sweeten was arrested on Aug. 10, 2012, and his initial appearance is scheduled this afternoon before U.S. Magistrate Judge Michael J. Watanabe at the Alfred A. Arraj U.S. Courthouse in Denver.  Bannon is a fugitive.  The case has been assigned to U.S. District Judge Nicholas G. Garaufis in the Eastern District of New York.

KCBT Labor Day Trading Hours - Schedule For Days Surrounding The Labor Day Holiday

Date 13/08/2012

In coordination with U.S. stock and commodity exchanges, the Kansas City  Board of Trade will observe the following trading hours on the days before and  after the upcoming Labor Day holiday.

The Autorité Des Marchés Financiers Draws Attention To Publication Of The European “EMIR” Regulation

Date 13/08/2012

Regulation n° 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTCderivatives, central counterparties and trade repositories (EMIR) was published in the Official Journal of the European Union on 27 July 2012. It will come into force on 16 August 2012

NYSE Euronext: Corporate Board Member/FTI Consulting Survey Finds Companies Focusing On Rising Legal Risks

Date 13/08/2012

Escalating risk surrounding cyber security and IT strategy, operations and corporate reputation are top concerns for U.S. directors and general counsel as revealed in the 12th annual Law and the Boardroom Study by Corporate Board Member, an NYSE Euronext company, and FTI Consulting, Inc. (NYSE: FCN).