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  • 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.

  • ISDA To Publish Auction Terms For YELL Limited

    Date 08/11/2012

    The International Swaps and Derivatives Association, Inc.(ISDA) today announced that LCDS dealers voted to hold an auction for European loan-onlyCDS transactions referencing certain facilities entered into pursuant to a Senior Facilities Agreement entered into by the credit known as Yell Limited on 27th April 2006 (and as amended from time to time thereafter).

  • SEC Charges Baton Rouge-Based Investment Adviser With Hiding Losses From Mortgage-Backed Securities Investments

    Date 08/11/2012

    The Securities and Exchange Commission today charged a hedge fund manager in Baton Rouge, La., with defrauding investors by hiding millions of dollars in losses suffered during the financial crisis from investments tied to residential mortgage-backed securities (RMBS).