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CFTC Charges Illinois Traders Richard D. Carter And Mark R. Slobodnik And Their Company, Blue Guru Trading, LLC, With Fraud - Alleged Ongoing Commodity Pool Fraud Took In At Least $750,000 From At Least 18 Pool Participants

Date 12/01/2018

The Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action on January 12, 2018, in the U.S. District Court for the Northern District of Illinois, charging Defendants Richard D. Carter of Mundelein, Illinois, Mark R. Slobodnik of Libertyville, Illinois, and their company Blue Guru Trading, LLC (Blue Guru), a Delaware limited liability company, with fraudulent solicitation, issuing false statements, and misappropriation in connection with investments in their Blue Guru commodity pool. The CFTC Complaint also charges the Defendants with registration violations.

CFTC Commitments Of Traders Reports Update

Date 12/01/2018

The current reports for the week of  January 9, 2018 are now available.

Federal Reserve Board Anounces It Has Finalized A Rule Adjusting The Board's Maximum Civil Money Penalties

Date 12/01/2018

The Federal Reserve Board on Friday announced that it has finalized a rule adjusting the Board's maximum civil money penalties, as required by law.

Nadex Self-Certification To Adjust Parameters For Acceptable Bid/Ask Spread In Underlying Data For Expiration Value Calculation In Currency Products

Date 12/01/2018

On January 12 2018, North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) submitted to the Commodity Futures Trading Commission (the “Commission”), pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and section §40.6(a) of the regulations promulgated by the Commission under the Act (the “Regulations”), its intent to amend its Rules to allow for the adjustment of the parameters for an acceptable bid/ask spread in the underlying currency market data that Nadex uses to collect midpoint data and calculate an Expiration Value for its Foreign Currency Binary and Variable Payout contracts, as it deems necessary or appropriate based on the current underlying market conditions, in order to provide a better representation of the underlying value.  Nadex will post notice of any such adjustments on its website on the Notices page.  The Rule changes will become effective on January 30, 2018.

Nasdaq, Inc. Provides Financial Calendar

Date 12/01/2018

In accordance with Nasdaq Copenhagen’s “Rules for issuers of bonds,” Nasdaq, Inc. (“Nasdaq”) is providing the following financial calendar for 2018. Nasdaq expects to publish financial statement releases on the following dates:

• January 31, 2018 (Results for the Fourth Quarter of 2017);
• April 25, 2018 (Results for the First Quarter of 2018);
• July 25, 2018 (Results for the Second Quarter of 2018); and
• October 24, 2018 (Results for the Third Quarter of 2018).

Remarks To The Fixed Income Market Structure Advisory Committee, SEC Commissioner Kara M. Stein

Date 12/01/2018

Good morning. I want to welcome everyone to the inaugural meeting of our new Fixed Income Market Structure Advisory Committee.

The fixed income markets are vitally important to our financial system. They allow corporations to raise money to expand and grow their businesses and they allow savers to invest so they can fund their retirements, pay for children’s educations, and achieve other financial goals.

EBA Publishes Final Guidelines On Disclosure Requirements Of IFRS 9 Transitional Arrangements

Date 12/01/2018

The European Banking Authority (EBA) published today its final Guidelines on disclosure requirements of IFRS 9 or analogous expected credit losses (ECLs) transitional arrangements. The guidelines specify a uniform disclosure template institutions shall use when disclosing the information on own funds, capital and leverage ratios, with and without the application of transitional arrangements for IFRS 9 or ECLs. The aim of these Guidelines is to ensure consistency and comparability of the data disclosed by institutions during the transition to the full implementation of the new accounting standard and to foster market discipline.

Federal Reserve Board Announces Termination Of Enforcement Actions Against 10 Banking Organizations, Civil Monetary Penalties Against Five Of The 10 Organizations, And Termination Of Two Joint Orders Against Service

Date 12/01/2018

The Federal Reserve Board on Friday announced the termination of enforcement actions related to residential mortgage loan servicing and foreclosure processing issued in 2011 and 2012 against 10 banking organizations. The Board also announced civil money penalties totaling $35.1 million against five of these 10 organizations that had not yet been fined for their mortgage servicing deficiencies related to those enforcement actions.

Nigerian Stock Exchange Market Report For January 12th 2018

Date 12/01/2018

A total turnover of 5.021 billion shares worth N68.974 billion in 41,542 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 2.417 billion shares valued at N18.813 billion that exchanged hands last week in 20,874 deals. 

Federal Reserve Board Announces Enforcement Action With Goldman Sachs Bank USA

Date 12/01/2018

The Federal Reserve Board on Friday announced the execution of the enforcement action listed below:

Goldman Sachs Bank USA (PDF), New York, New York
Order of Assessment of a Civil Money Penalty, dated January 12, 2018