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UK's FSA fines Capita Financial Administrators Limited £300,000 In First Anti-Fraud Controls Case

Date 16/03/2006

The FSA has fined Capita Financial Administrators Limited (CFA), a third party administrator of collective investment schemes, £300,000 for poor anti-fraud controls over client identities and accounts. The FSA found that CFA had inadequately considered the risks posed by fraud and had not maintained effective systems and controls to mitigate the risk of fraud. This is the first time the FSA has fined a firm for failures of anti-fraud systems and controls.
TSX Group CEO Says Canada Needs Strong National Rules As Competition Becomes More Intense

Date 16/03/2006

TSX Group CEO Richard Nesbitt says the global consolidation of stock exchanges is making it more important today that Canada develop strong national rules to ensure our capital markets will be a powerful competitor in North America and around the globe.
Tokyo Stock Exchange Number Of Orders And Executions

Date 16/03/2006

Current Number of Orders and Executions Date
Tokyo Grain Exchange - Trading Hours Effective From April 1, 2006

Date 16/03/2006

Click here for full details of the change in trading hours at the Tokyo Grain Exchange. The changes are effective from April 1, 2006.
The New Code Of Conduct For Listed Companies Presented At Palazzo Mezzanotte, Borsa Italiana's Headquarters

Date 16/03/2006

The New Code of Conduct for listed companies was presented on 14 March in Milan, at Palazzo Mezzanotte, Borsa Italiana’s headquarters.

Speech by SEC Commissioner Roel C. Campos: Regulatory Role Of Exchanges And International Implications Of Demutualization

Date 16/03/2006

Armonk, New York March 10, 2006 Good Evening. Thank you, Karel Lanoo for that very kind introduction. I also wish to thank Hal Scott and especially in his absence tonight J Weinstein. Of course, many thanks go to the sponsor of this event, Citigroup. I am always impressed at how magnificent a conference center this is. All the better to promote good and high level thinking on international items. I think many of you know that Hal Scott was one of my professors at Harvard Law
SEC Settles Fraud Charges With Bear Stearns For Late Trading And Market Timing Violations - Firm To Pay $250 Million In Disgorgement And Penalties

Date 16/03/2006

The Securities and Exchange Commission today announced a settled enforcement action against Bear, Stearns & Co., Inc. (BS&Co.) and Bear, Stearns Securities Corp. (BSSC) (collectively, Bear Stearns), charging Bear Stearns with securities fraud for facilitating unlawful late trading and deceptive market timing of mutual funds by its customers and customers of its introducing brokers. The Commission issued an Order finding that from 1999 through September 2003, Bear Stearns provided technology, adv
Program Trading Averaged 57.0 Percent Of NYSE Volume During Mar. 6-10

Date 16/03/2006

The New York Stock Exchange today released its weekly program-trading data submitted by its member firms. The report includes trading in all markets as reported to the NYSE for Mar. 6-10.
NZX Announces March Quarterly Index Changes

Date 16/03/2006

A promotion to the NZX 50 Index for The New Zealand Refining Company Limited (NZ Refining), one of the New Zealand market's longest standing Listed Issuers, is the highlight of this quarter's index change announcement, released by New Zealand Exchange Limited (NZX) yesterdday.
NYSE Regulation Announces $250 Million Action Against Bear, Stearns & Co, Inc. And Bear, Stearns Securities Corp. For Facilitating Illegal Mutual Fund Trading Practices - Settlement Includes Disgorgement And Compliance Undertakings

Date 16/03/2006

NYSE Regulation, Inc., (“NYSE”) announced today that, the U.S. Securities and Exchange Commission (“SEC”) and the NYSE have jointly censured and fined Bear, Stearns & Co., Inc of New York, NY (“BS&Co.”), a member firm, and Bear, Stearns Securities Corp. of New York, NY (“BSSC”), also a member firm (collectively, the “firms”), in the amount of $250 million, composed of a $90 million penalty and $160 million as disgorgement and prejudgment interest, for fraudulent market timing and late trading i