News Centre

Speech By SEC Chairman Mary Schapiro: Statement At SEC Open Meeting: Item #3 – Family Offices

Date 22/06/2011

Next, we will consider adopting a new rule regarding the definition of “family office.”

In particular, the rule would enable those managing their own family's financial portfolios to determine whether their "family offices" can continue to be excluded from the Investment Advisers Act.

TMX Group Announces Dividend Enhancements To Merger With LSEG And Reaffirms Merger Recommendation

Date 22/06/2011

• LSEG and TMX Group agree to a $4 per share special dividend for TMX Group shareholders, and an 84.1 pence per ordinary share special dividend for LSEG shareholders, payable on closing
• LSEG and TMX Group intend to increase their regular dividend post-merger to be consistent with the current regular dividend of TMX Group
• TMX Group Board concludes Maple's current offer has not addressed previously expressed deficiencies
• Recommends shareholders support the LSEG TMX merger and vote “FOR” the merger prior to the June 30 TMX Group shareholders' meeting

Speech By SEC Chairman Mary Schapiro: Opening Statement At SEC Open Meeting: Dodd-Frank Act Amendments To The Investment Advisers Act

Date 22/06/2011

Good morning. This is an open meeting of the U.S. Securities and Exchange Commission on June 22, 2011.

Toronto Stock Exchange, TSX Venture Exchange And Montreal Exchange Closed For Canada Day

Date 22/06/2011

Toronto Stock Exchange, TSX Venture Exchange and Montreal Exchange will be closed on Friday, July 1, 2011 for Canada Day.

Speech By SEC Commissioner Kathleen L. Casey: Statement At SEC Open Meeting — Rules Implementing Amendments To The Investment Advisers Act Of 1940; Exemptions For Advisers To Venture Capital Funds, Private Fund Advisers With Less Than $150 Million In Assets Under Management, And Foreign Private Advisers

Date 22/06/2011

As always, I join the Chairman in thanking the Staff of the Division of Investment Management, and all other participating divisions and offices, for their work on these releases.

Federal Reserve Board And Federal Open Market Committee Release Economic Projections From The June 21-22 FOMC Meeting

Date 22/06/2011

The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached table and charts summarizing the economic projections made by Federal Reserve Board members and Federal Reserve Bank presidents for the June 21-22 meeting of the Committee.

London Stock Exchange Group Plc Special Dividend Of 84.1 Pence Per LSEG Share And C$4.00 Per TMX Group Share And Proposed New Dividend Policy Of LTMX Group Plc

Date 22/06/2011

London Stock Exchange Group plc (“LSEG”) announced on 9 February 2011 an agreed all-share merger of equals with TMX Group Inc. (“TMX Group”) to create an international growth-focused transatlantic exchange leader. Today, LSEG is pleased to announce, together with its merger partner TMX Group, a proposed special cash dividend (the “Special Dividend”) for holders of LSEG shares and TMX Group shares and a revised progressive dividend policy for the merged business, LTMX Group plc (“LTMX”), both effective upon completion of the merger.

Opening Statement, Public Meeting On Dodd-Frank Act - CFTC Commissioner Michael V. Dunn

Date 22/06/2011

Thank you all for joining us today for another meeting regarding the Dodd-Frank Act.

Federal Open Market Committee Statement

Date 22/06/2011

Information received since the Federal Open Market Committee met in April indicates that the economic recovery is continuing at a moderate pace, though somewhat more slowly than the Committee had expected.  Also, recent labor market indicators have been weaker than anticipated.  The slower pace of the recovery reflects in part factors that are likely to be temporary, including the damping effect of higher food and energy prices on consumer purchasing power and spending as well as supply chain disruptions associated with the tragic events in Japan.  Household spending and business investment in equipment and software continue to expand.  However, investment in nonresidential structures is still weak, and the housing sector continues to be depressed.  Inflation has picked up in recent months, mainly reflecting higher prices for some commodities and imported goods, as well as the recent supply chain disruptions.  However, longer-term inflation expectations have remained stable.

Morgan Keegan To Pay $200 Million To Settle Fraud Charges Related To Subprime Mortgage-Backed Securities

Date 22/06/2011

The Securities and Exchange Commission, state regulators, and the Financial Industry Regulatory Authority (FINRA) announced today that Morgan Keegan & Company and Morgan Asset Management have agreed to pay $200 million to settle fraud charges related to subprime mortgage-backed securities. Two Morgan Keegan employees also agreed to pay penalties for their alleged misconduct, including one who is now barred from the securities industry.