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  • Nordic Growth Market NGM AB: Rescheduled Launch Plan For Elasticia

    Date 20/04/2010

    Following requests from trading members a new time schedule for the launch of NGM's upcoming trading system, Elasticia, was set yesterday, at a meeting organized by the Swedish Securities Dealers Association, with representatives from trading members, providers of trading technology and NGM. The new schedule for the launch of Elasticia was jointly decided upon at the meeting.

  • FINRA Sets Regulatory Guidance For Investigating Private Placements - Firms Must Properly Investigate Regulation D Offerings Prior To Customer Sales

    Date 20/04/2010

    The Financial Industry Regulatory Authority (FINRA) today announced the publication of guidance for FINRA-registered firms about their obligations regarding customer suitability, disclosures and other requirements for selling private placements to customers, an area where recent examinations and enforcement actions have revealed a significant lack of regulatory compliance.

  • SEC Files Emergency Action To Halt Fraudulent Scheme At Albany-Based Firm

    Date 20/04/2010

    The Securities and Exchange Commission today filed an emergency enforcement action to halt a fraudulent scheme being orchestrated by two co-owners of an Albany, N.Y.-based firm who misused investor money to fund their struggling business operations and meet ever-increasing liquidity needs. The SEC has obtained a court order to freeze their assets.

  • United Stock Exchange Of India Receives The Final Approval From Regulator

    Date 20/04/2010

    The United Stock Exchange of India Limited (USE) has received final approval from the Securities and Exchange Board of India (SEBI) to commence operations in currency futures in all the four pairs of currencies, i.e. US Dollar – INR; EUR – INR ; Pound Sterling - INR; Japanese Yen - INR. In light of this approval, Bombay Stock Exchange Limited (BSE), the largest shareholder in USE, has officially suspended its operations in the Currency Derivatives Segment.

  • SEC Halts Internet-Based Scam By Staten Island Firm Luring Investors With Phony Stock Tips And Fictional Trading Experts

    Date 20/04/2010

    The Securities and Exchange Commission today charged a Staten Island, N.Y.-based investment advisory firm, its owner, and four associates with operating an Internet-based scam that misleads investors into paying fees for phony stock tips and investment advice from fictional trading experts. The SEC obtained an emergency court order to freeze the assets of the firm and individuals involved.