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  • FINRA's 2011 Activities Highlight Commitment To Investor Protection - Ordered $19 Million In Restitution To Harmed Investors

    Date 16/12/2011

    The Financial Industry Regulatory Authority (FINRA) has taken important actions to protect investors from fraudulent schemes, products and practices, and to bring new levels of transparency to financial markets. By realigning its resources to quickly escalate issues involving fraud and customer harm, FINRA was better positioned to take swift action to ensure the securities industry operated fairly and honestly for investors.

  • Remarks At The Transatlantic Corporate Governance Dialogue By Chairman Mary L. Schapiro, U.S. Securities And Exchange Commission

    Date 16/12/2011

    Good morning, welcome to the Securities and Exchange Commission.

    It is a pleasure to see so many individuals, from such diverse backgrounds and so many nations coming together in Washington for a dialogue on issues that will affect economies on both sides of the Atlantic.

  • Commissioner Jill E. Sommers Responds To Concerned Customers Of MF Global, Inc.

    Date 16/12/2011

    Over the past several weeks the Commission has received numerous inquiries regarding the priority of commodity customers’ claims in the MF Global, Inc. (MFGI) liquidation proceeding, and in the MF Global Holdings, Ltd. (the parent company) bankruptcy proceeding. The Commission strongly believes that commodity customers have an exclusive right to commodity customer property above all other creditors. This includes, without limitation, segregated property, property improperly removed from segregation that is still within MFGI’s estate, and property improperly removed from segregation that is no longer within MFGI’s estate, and is recovered by the Trustee. “To be very clear, if we find that customer property was transferred to the parent company, we will do everything within our power to return it to its rightful owners,” said Commissioner Sommers.

  • SEC Charges Former Fannie Mae And Freddie Mac Executives With Securities Fraud - Companies Agree To Cooperate In SEC Actions

    Date 16/12/2011

    The Securities and Exchange Commission today charged six former top executives of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) with securities fraud, alleging they knew and approved of misleading statements claiming the companies had minimal holdings of higher-risk mortgage loans, including subprime loans.

  • London Stock Exchange Group Plc Completes Acquisition Of Outstanding 50 Per Cent Of FTSE International Limited

    Date 16/12/2011

    London Stock Exchange Group plc ("LSEG") today confirms that it has completed the acquisition of the 50 per cent stake in FTSE International Limited ("FTSE") that it does not already own, from Pearson plc, on the terms announced on 12 December.