News Centre

Cyrille Stevant Has Been Appointed Deputy Director Of The Retail Investor Relations Division (DREP) At The Autorité Des Marchés Financiers, Effective 1 February 2011

Date 03/03/2011

Cyrille Stevant, 40, was a foreign exchange spot dealer and analyst at the Directorate General, Operations of the Banque de France (BdF). In 2003 he was seconded to the Regulatory Policy and International Affairs Division (DRAI) of the AMF, where he worked on asset management regulation, notably as secretary of the IOSCO standing committee responsible for these matters. He returned to the BdF in 2007, serving until 2010 as head companies’ division methodology and analysis unit, which is responsible for issuing BdF ratings to non-financial companies. At the end of 2010 he came back to the AMF and joined the Retail Investor Relations Division. Cyrille is a graduate of Sciences Po Paris and holds a degree in economics from the University of Nancy II and a postgraduate degree in economics from the University of Paris IX Dauphine. He is also an alumnus of Institut des Techniques de Marché, part of the French banking industry training centre, CFPB.

Speech By SEC Commissioner Troy A. Paredes: Statement At Open Meeting To Propose Rules Regarding References to Credit Ratings in Certain Investment Company Act Rules and Forms

Date 03/03/2011

Thank you, Chairman Schapiro.

Section 939A of the Dodd-Frank Act contemplates the removal of references to credit ratings in rules and forms under the federal securities laws, including the Investment Company Act of 1940. The recommendation before us goes toward giving effect to this provision of Dodd-Frank.

Testimony Before The U.S. Senate Committee On Agriculture, Nutrition & Forestry, Washington, DC - CFTC Chairman Gary Gensler

Date 03/03/2011

Good afternoon Chairwoman Stabenow, Ranking Member Roberts and members of the Committee. I thank you for inviting me to today’s hearing on implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act. I am pleased to testify on behalf of the Commodity Futures Trading Commission (CFTC). I also thank my fellow Commissioners and CFTC staff for their hard work and commitment on implementing the legislation.

Speech By SEC Commissioner Troy A. Paredes: Statement At Open Meeting To Propose Rules Regarding Clearing Agency Standards For Operation And Governance

Date 03/03/2011

Thank you, Chairman Schapiro.

I support the recommendation before us to propose rules regarding the registration of clearing agencies and standards for their operation and governance. The rules are being proposed in accordance with Sections 763 and 805 of the Dodd-Frank Act, as well as Section 17A of the Exchange Act.

California Federal Court Imposes More Than $46.9 Million In Monetary Sanctions On Robert D. Bame And His Firm, Forward Investment Group, LLC, For Commodity Pool Fraud -Bame Was Sentenced To 97 Months Imprisonment In A Criminal Proceeding For The Same Fraudulent Scheme

Date 03/03/2011

The U.S. Commodity Futures Trading Commission (CFTC) obtained a federal court order imposing more than $46.9 million in restitution and civil monetary penalties on Robert D. Bame of Moreno Valley, Calif., and his firm, Forward Investment Group, LLC (Forward) of Santa Monica, Calif. The order requires the defendants to pay restitution of $16,038,568.68 and a $30,887,006 civil monetary penalty for commodity pool fraud.

SEC Obtains Settlement With CEO To Recover Compensation And Stock Profits He Received During Company's Fraud

Date 03/03/2011

The Securities and Exchange Commission today announced a settlement with the chief executive officer of an Atlanta-based homebuilder to recover several million dollars in bonus compensation and stock profits that he received while the company was committing accounting fraud.

Program Trading Averaged 27.2 Percent Of NYSE Volume During Feb. 22-25

Date 03/03/2011

The New York Stock Exchange, a subsidiary of NYSE Euronext (NYX), today released its weekly program-trading data compiled from member firms’ executed volume from NYSE’s orders database.   The report includes trading on the NYSE for Feb. 22-25.

SEC Charges Former UBS Financial Adviser With Defrauding Life Settlement Fund Investors

Date 03/03/2011

The Securities and Exchange Commission today charged a former financial adviser at UBS Financial Services LLC with misappropriating $3.3 million in a scheme that included bilking investors in a private investment fund he established.

OneChicago Reports February Volume

Date 03/03/2011

OneChicago, LLC (“OCX”), an equity finance exchange trading security futures, today reported that 177,910 security futures contracts traded at the exchange in February 2011.

Boston Options Exchange Overall Volume Increases 90%, Price Improvement Activity Remains Near All-Time High

Date 03/03/2011

Overall average daily trading volume on BOX in the month of February was 509,440 contracts, which represented a 90% increase over the same period last year. Price improved contracts averaged 339,923 per day, just below the record-breaking level achieved last month.