News Centre

CFTC Files Enforcement Actions Against International Commodity Advisors, ProfitStars Int’l Corp., And Paragon FX Enterprises, Alleging Violations Of The Commodity Exchange Act And Forex Regulations

Date 16/11/2011

The U.S. Commodity Futures Trading Commission (CFTC) today announced it filed separate but related civil injunctive complaints in the U.S. District Court for the Southern District of New York in connection with the operation of two forex pooled investment vehicles operated by International Commodity Advisors (ICA) of Marietta, Ga., and ProfitStars Int’l Corp. (PSI) of Dallas, Texas.  The CFTC filed a third injunctive action against Paragon FX Enterprises, LLC (Paragon FX) of New York, N.Y.

FIA Special Advisory: Update On MF Global Fund Transfers

Date 16/11/2011

The U.S. Bankruptcy Court in New York has confirmed that it will hold a hearing at 11:00 a.m. on Thursday, November 17th, to hear a petition filed by James Giddens, Trustee for the liquidation of MF Global, seeking an expedited transfer of funds to customers. In other developments, Senate Agriculture Committee Chairman Debbie Stabenow (D-Mich.) has asked the Commodity Futures Trading Commission to speed up its MF Global investigation and CFTC Commissioner Scott O'Malia has requested his agency work with the SIPC trustee to ensure an expedited claims process and transfer of customer funds.

EGX Launches NILEX New Trading System On 13 November 2011

Date 16/11/2011

The Egyptian Exchange (EGX) celebrated the launch of NILEX new trading system with a "Ringing of Bell Ceremony" on Sunday 13th of November 2011. EGX's Chairman, Dr. Mohammad Omran, announced that the trading system applied in the main market will be applied to NILEX from this day onwards. 

Remarks Before The University Of Chicago Law School - CFTC Chairman Gary Gensler

Date 16/11/2011

Good morning, I’d like to thank the University of Chicago for inviting me to speak today, and thank you Austan for that kind introduction. Being back here reminds me, Austan, of soon after we first met. You were working out of a cramped office with books and papers piled sky high. Since then, your office moved to a pretty fancy address in Washington. But now that you’re back in Chicago, the real question is, what does your office look like now?

“Here To Help” - Speech Of CFTC Commissioner Bart Chilton To Commodities Week USA, Light House International, New York, NY

Date 16/11/2011

Introduction

Hi!  I’m from the government and I’m here to help.  Well…it is always good to start off a speech with a joke, right?  I’m glad you laughed.  At the same time, though, I’m serious. I guess a reasonable question might be, when does government help and when does it hurt?

Speech By Herman Van Rompuy President Of The European Council At The European Parliament

Date 16/11/2011

It may at first sight appear strange to be addressing the issue of longer term reforms to oursystem of economic governance when we have not yet completely dealt with the immediate difficulties, which are the legacy of past mistakes.

José Manuel Durão Barroso President Of The European Commission Speech By President Barroso: "Debate On Economic Governance" European Parliament Strasbourg, 16 November 2011

Date 16/11/2011

President,

President of the European Council,

President of the Eurogroup,

Honourable Members,

The European Commission’s recent economic forecasts are further proof that the backdrop against which we are all working is indeed pressing, extremely challenging.

SEC Charges Morgan Stanley Investment Management For Improper Fee Arrangement

Date 16/11/2011

The Securities and Exchange Commission today charged Morgan Stanley Investment Management (MSIM) with violating securities laws in a fee arrangement that repeatedly charged a fund and its investors for advisory services they weren’t actually receiving from a third party.

KCBT Member Letter Regarding MF Global Matter

Date 16/11/2011

The Kansas City Board of Trade ("KCBT") wishes to clarify any confusion or questions resulting from the MF Global, Inc. bankruptcy that was filed on October 31, 2011. KCBT understands that this has been a difficult period for many of our customers and members who cleared through MF Global, Inc. ("MF Global"). We also recognize that the firm's bankruptcy presents a complex and time-consuming process.

The Palestine Exchange (PEX) Issues The "Investor Relations' Guide

Date 16/11/2011

The Palestine Exchange (PEX) has issued the "Investor Relations" guide; the first of its kind in Palestine to include comprehensive information on the concept of Investor Relations (IR) and its vital role in public shareholding companies. Issuing an IR guide was one of the recommendations of the Fourth Annual Palestinian Capital Market Forum of 2010.