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  • DTCC Strongly Supports Iran Sanctions Bill

    Date 09/04/2012

    The Depository Trust & Clearing Corporation (DTCC) today released the following media statement on H.R. 4070 and S. 2101:

    "DTCC continues to support the efforts of the victims of Iranian-sponsored terrorism to collect court-ordered judgments, as well as maintaining support for legislative efforts in Congress by the victims of the 1983 Beirut barracks bombing to hold Iran accountable for its terrorist actions. DTCC has been working collaboratively with Members of Congress, the Departments of State and Treasury, The Office of Foreign Assets Control and the Federal Reserve – all of whom share the concern over drafting errors in the legislation that could negatively impact the ability of victims to recover on these judgments. The current draft of the bill violates Article 8 of the Uniform Commerce Code and, as a result, creates a potential unintended consequence of holding Iran harmless for its state-sponsored acts of terror while inadvertently allowing victims to recover assets belonging to Americans. DTCC will continue its good faith efforts to achieve a quick resolution to this matter to strengthen the legislation, support the victims and ensure the parties responsible for terrorism are the ones who pay."

  • Federal Court In Texas Orders Total Call Group, Inc. And Its Principals To Pay Over $4.8 Million In Fines For Making False Representations And Issuing False Account Statements In Forex Fraud

    Date 09/04/2012

    The U.S. Commodity Futures Trading Commission (CFTC) today announced that a federal court entered an order of default judgment and permanent injunction against Total Call Group, Inc. (aka TPFX, Inc.Power Play FX) of Frisco, Texas, and its principals, Craig B. Poe, also of Frisco, and Thomas Patrick Thurmond (aka Patrick Thurmond) of San Antonio, Texas.

  • SEC Announces Members Of New Investor Advisory Committee

    Date 09/04/2012

    The Securities and Exchange Commission today announced the formation of a new Investor Advisory Committee required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

  • Level 3 Communications Sets First Quarter 2012 Earnings Call Date

    Date 09/04/2012

    Level 3 Communications, Inc. (NYSE: LVLT) will release its first quarter 2012 results on Thursday, May 3, and will host a conference call at 9 a.m. ET.

  • SEC Settles Fraud Charges Against Silicon Valley Man

    Date 09/04/2012

    The Securities and Exchange Commission today charged a Silicon Valley man who raised millions for two Internet start-ups by falsely promising investors that his companies were on the verge of undergoing successful initial public offerings and were well on their way to becoming the “next Google.”