News Centre

CFTC Charges Florida Firm, American Precious Metals, LLC, And Principals, Sammy J. Goldman And Harry Robert Tanner, Jr., With Fraud - American Precious Metals, Allegedly A Boiler Room Telemarketing Firm, Purportedly Purchased More Than $23 Million Of Precious Metals For Customers Of Their Leveraged Precious Metals Purchase Program, But Allegedly Never Purchased Any Metal For Customers

Date 17/05/2011

The U.S. Commodity Futures Trading Commission (CFTC) today announced that it charged precious metals firm American Precious Metals, LLC (APM) of Deerfield Beach, Fla., and its founders and principals, Sammy J. Goldman of Delray Beach, Fla., and Harry Robert Tanner, Jr. of Lake Worth, Fla., with fraud in connection with offering, purchasing, selling or delivering gold, silver, platinum and palladium to U.S. retail customers on a leveraged basis. The CFTC’s lawsuit also alleges that the defendants violated the Commodity Exchange Act’s prohibition against selling palladium to customers on a leveraged basis. APM has never been registered with the CFTC.

ESMA Submits Its Technical Advice To The Commission On Fees For CRAs

Date 17/05/2011

The European Commission (the Commission) sent a formal request to ESMA to provide technical advice to assist the Commission in formulating a Regulation on fees for Credit Rating Agencies (CRAs) by delegated act (please, find in Annex II a copy of the Commission’s formal request). The advice was due to be delivered to the Commission by 13 May 2011. On 14 April 2011, ESMA released a consultation to receive industry input in order to assist it in providing advice to the European Commission. In order to deliver its advice to the Commission, ESMA considered possible fee structures for CRAs registered or certified in the EU and for CRAs seeking registration or certification. In order to finalise the advice by the due deadline, ESMA decided it was appropriate to conduct a shortened consultation on these possible structures in order to enable it to deliver robust advice to the Commission. 

Vitor Caldeira, President Of The European Court Of Auditors, Speaks At The 2011 Luxembourg Stock Exchange Day

Date 17/05/2011

The 2011 edition of the annual Stock Exchange Day took place on 17 May. The keynote speaker for this event was Vítor Caldeira, president of the European Court of Auditors. Mr Caldeira spoke on “Accountability, transparency and public sector audit in the EU - The impact of the crisis”. The event was attended by 800 guests drawn from the Luxembourg financial centre and various economic and political circles of the country.

Tenaris To Pay $5.4 Million In SEC's First-Ever Deferred Prosecution Agreement

Date 17/05/2011

The Securities and Exchange Commission today entered into a Deferred Prosecution Agreement (DPA) with Tenaris S.A. in its first-ever use of the approach to facilitate and reward cooperation in SEC investigations.

Deutsche Börse Launches Information Service For Pharmaceutical Investors - New Product “insightMED” Provides Assessments Of Trading-Relevant Industry News Based Directly On Physicians’ Expertise

Date 17/05/2011

ESMA Announces The Appointment Of The Securities And Markets Stakeholder Group

Date 17/05/2011

The ESMA Board of Supervisors appointed the Securities and Marekts Stakeholder Group at its meeting on 12 April 2011. Following contacts with the individual members, the full list of Members and Alternates is published today.

Board Agrees 2011 Lending Target For EIB, Climate Action Remains Key Priority

Date 17/05/2011

At its annual meeting today the Board of Governors of the European Investment Bank (EIB) agreed the Bank’s 2011 lending targets which foresee a gradual return to pre-crisis levels.

European Parliament: Short Selling And Credit Default Swaps Deal Among Finance Ministers

Date 17/05/2011

The position agreed on short selling and credit default swaps proposals by EU finance ministers today is not nearly as damaging as the European Parliament's position which would harm EU sovereign debt markets and London's financial services, Syed Kamall MEP, Conservative shadow lead member on the negotiations, said today.

Xtrakter And SIX Telekurs Agree To Expand Pricing Data

Date 17/05/2011

Xtrakter, a leading provider of capital market data, trade matching and regulatory reporting services, welcomes SIX Telekurs as the first data vendor to access Xtrakter’s Mark-to-Market valuation service, known as XM2M. SIX Telekurs clients now have pricing data on over 45,000 domestic and international fixed-income instruments, including illiquid instruments such as asset-backed securities. Bid and offer, as well as high, low and median traded prices, captured and calculated via TRAX – Xtrakter’s trade matching service – significantly expands the quality of fixed-income data available to market participants.

Japan's Financial Services Agency Publishes Newsletter No.93

Date 17/05/2011

Click here to view FSA Newsletter No.93.