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SEC Charges Operators Of $80 Million Ponzi Scheme Targeting Korean-Americans
Date 09/06/2009
The Securities and Exchange Commission today charged two California men and two companies they control for conducting an $80 million Ponzi scheme that targeted Korean-American investors with false promises of extraordinarily high returns from foreign currency (forex) trading.
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CFTC Charges California-Based SNC Asset Management, Inc., SNC Investments Inc., CEO Peter Son, And CFO Jin K. Chung In An $85 Million Forex Ponzi Scam - Defendants Targeted Korean Community In The San Francisco Bay Area
Date 09/06/2009
The U.S. Commodity Futures Trading Commission (CFTC) today announced that it filed an action in federal court in San Francisco charging SNC Asset Management, Inc., (SNC Asset) and SNC Investments, Inc., (SNC Investments), both of Pleasanton, California (collectively SNC), and Chief Executive Officer Peter Son and Chief Financial Officer Jin K. Chung, with operating an $85 million fraudulent foreign currency (forex) scam involving approximately 500 customers.
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Exegy Unveils New Product Family
Date 09/06/2009
Exegy, the market data appliance company, has introduced two new products -- Exegy Total Connect and Exegy Limited Edition – in addition to its flagship Exegy Ticker Plant product.
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FTSE Group Director, Will Oulton Launches New Book Tackling The Global Environmental Investment Challenge
Date 09/06/2009
: FTSE Group, the global index provider and GMB Publishing today announce the launch of the first book edited by FTSE’s Responsible Investment Director – Will Oulton. The book entitled ‘Investment Opportunities for a Low Carbon World’ captures the key issues for global investors when looking at increasingly relevant environmental market investment opportunities.
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Rathbones Latest Distributor To Sign Up For Settlement Via EMXCo
Date 09/06/2009
Rathbone Investment Management Ltd is the latest EMXCo participant to sign up for settlement via the EMX Message System.
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Council Of The European Union Conclusions On Strengthening EU Financial Supervision
Date 09/06/2009
The Council adopted the following conclusions: "On 19-20 March 2009, the European Council examined the report prepared by the High-Level Group on Supervision, chaired by Mr. Jacques de Larosière, in light of the ensuing Commission Communication on "Driving European Recovery" and concluded by agreeing "on the need to improve the regulation and supervision of financial institutions in the EU and that the report from the High Level Group on financial supervision chaired by Jacques de
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CME Group's Duffy To Testify Before Congressional Committee On Proposed OTC Market Regulations
Date 09/06/2009
CME Group, the world's largest and most diverse derivatives exchange, today announced that CME Group Executive Chairman Terry Duffy will appear before the U.S. House Committee on Financial Services' Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises Tuesday to discuss proposed regulatory changes for the over-the-counter (OTC) markets.
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CESR Opens Vacancies For IT Expert And Business Analyst
Date 09/06/2009
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Microgen Delivers Interface To LMEsmart
Date 09/06/2009
Microgen today announced delivery of its interface to LMEsmart (System for Matching and Registering Trades) alongside a major upgrade to Cortex CMII, its multi-company back office system for trading London Metal Exchange (LME) products. Cortex CMII provides major functional enhancements to allow efficient operation with the new matching system.
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CESR Publishes Comment Letters To European Commission And The IASB
Date 09/06/2009
CESR published today comment letters sent the Commission's Directorate General for Internal Market and Services and to the International Accounting Standards Board (IASB). The letters published today show CESR's position towards the DG Internal Market's work on the consultation regarding control structures in audit firms and and the IASB's work on recognition in contracts with customers.
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