News Centre

SIFMA Statement On SEC Proposal To Implement Rules Related To Conflicts Of Interest For ABS

Date 19/09/2011

Richard Dorfman, managing director and head of SIFMA’s Securitization Group, today released the following statement on the SEC’s proposal to implement rules related to conflicts of interest under Section 621 of the Dodd-Frank Act:

“SIFMA stands by the letter it issued in December 2010.  The Commission should issue rules implementing Section 621 that do not create unnecessary or prohibitive restrictions on the asset-backed securitization (ABS) markets, such as restricting industry practices that are fundamental to the issuance of ABS, and that will not be detrimental to the healthy functioning of the securitization markets, which are an integral part of the United States capital markets.”

Speech By SEC Commissioner Troy A. Paredes: Statement At Open Meeting To Propose Rule Amendments To Prohibit Conflicts Of Interest In Certain Securitizations

Date 19/09/2011

Thank you, Chairman Schapiro.

In accordance with Section 621 of Dodd-Frank, which adds new Section 27B to the Securities Act, the Commission is advancing the proposal before us to prohibit certain material conflicts of interest relating to certain securitizations. Even though the Commission is acting pursuant to Section 621 of Dodd-Frank, it is important to recognize that room still exists for the SEC to exercise discretion in fashioning the rules implementing the statute.

SIFMA Applauds DOL Decision To Re-Propose Fiduciary Definition Rule

Date 19/09/2011

SIFMA today released the following statement from Ken Bentsen, executive vice president of public policy and advocacy regarding the Department of Labor’s decision to re-propose its rule on the definition of a fiduciary under the Employee Retirement Income Security Act.

Speech By SEC Chairman Mary Schapiro: Opening Statement At SEC Open Meeting — Conflicts Of Interest Relating To Certain Securitizations

Date 19/09/2011

Good Morning. This is an open meeting of the U.S. Securities and Exchange Commission on Sept. 19, 2011.

Semi-Annual Changes To The NASDAQ OMX Clean Edge Smart Grid Infrastructure Index

Date 19/09/2011

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and Clean Edge, Inc. announced today the results of the semi-annual evaluation of the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index (Nasdaq:QGRD), which will become effective with the market open today.

SEC Proposes Rule To Prohibit Conflicts Of Interest In Certain Asset-Backed Securities Transactions

Date 19/09/2011

The Securities and Exchange Commission today voted unanimously to propose a rule intended to prohibit certain material conflicts of interest between those who package and sell asset-backed securities (ABS) and those who invest in them.

Semi-Annual Changes To The NASDAQ OMX Clean Edge Global Wind Energy Index

Date 19/09/2011

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and Clean Edge, Inc. announced today the results of the semi-annual evaluation of the NASDAQ OMX^® Clean Edge^® Global Wind Energy Index (Nasdaq:QWND), which will become effective with the market open today.

James Brigagliano, Deputy Director Of SEC Division Of Trading And Markets, To Leave SEC After 25 Years Of Service

Date 19/09/2011

The Securities and Exchange Commission today announced that James Brigagliano, a Deputy Director of the Division of Trading and Markets, will leave the agency at the end of this month after 25 years of public service.

Quarterly Changes To The Wilder NASDAQ OMX Global Energy Efficient Transport Index

Date 19/09/2011

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and Wilder Transport Index LLC announced today the results of the quarterly evaluation of the Wilder NASDAQ OMX Global Energy Efficient Transport Index^SM (Nasdaq:HAUL), which will become effective with the market open today.

SHUAA Capital & Bloomberg Tradebook Launch DMA Trading Platform - Global Investors Get Direct Access To UAE Financial Markets

Date 19/09/2011

SHUAA Capital, the leading financial services institution in The Cooperation Council for the Arab States of the Gulf (GCC), and  Bloomberg Tradebook, Bloomberg's agency broker, today announced the launch of a direct market access (DMA) trading platform. The new technology allows both local and international institutional investors to trade equity products on the Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX) in the United Arab Emirates (UAE).