News Centre

Volkswagen AG Pleads Guilty In Connection With Conspiracy To Cheat U.S. Emissions Tests

Date 11/03/2017

Volkswagen AG (VW) pleaded guilty in federal court in Detroit today to three felony counts charging: (1) conspiracy to defraud the United States, engage in wire fraud, and violate the Clean Air Act; (2) obstruction of justice; and (3) importation of merchandise by means of false statements.  As part of the plea, VW agreed to pay a $2.8 billion penalty as a result of the company’s decade-long scheme to sell diesel vehicles containing software designed to cheat on U.S. emissions tests.  In January 2017, VW had agreed to plead guilty to resolve these criminal charges.

ICAP Europe, Tullett Prebon And Lloyds Dismissed From Yen Libor Litigation In US

Date 10/03/2017

U.S. District Judge George Daniels in Manhattan dismissed Lloyds Banking Group, ICAP Europe and Tullett Prebon as defendants from litigation alleging a conspiracy among many financial services companies to manipulate the yen Libor and Euroyen Tibor benchmark interest rates. The judge said he lacked personal jurisdiction over the three British companies.

Intercontinental Exchange Sets New Total Volume Record And Euribor Volume Record

Date 10/03/2017

Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced a new total daily volume record of 10,703,582 contracts set on March 9, 2017.

SEC Rejects Winklevoss Brothers Bitcoin ETF

Date 10/03/2017

The U.S. Securities and Exchange Commission today rejected an exchange-traded fund based on bitcoin.

TMX Group Statement On The Passing Of former Chairman Duff Scott

Date 10/03/2017

TMX Group today offers its condolences on the passing of former Toronto Stock Exchange (TSX) Chairman Duff Scott. Mr. Scott served a key role for TSX, as Chairman from 1987-1989. Mr. Scott's family shared that his term at the exchange had particular meaning to him, since his father had also served as Chairman of TSX several decades earlier. TMX Group extends its deepest sympathies to Mr. Scott's family, friends and colleagues.

US Secretary Of The Treasury Announces Senior Staff

Date 10/03/2017

The U.S. Department of the Treasury today announced the appointment of several key senior staff members who will serve Secretary Steven T. Mnuchin as he begins his tenure.

Remarks At Office Of The Investor Advocate’s Evidence Summit, SEC Commissioner Kara M. Stein, March 10, 2017

Date 10/03/2017

First, I want to thank Rick Fleming and the Office of the Investor Advocate for hosting this inaugural evidence summit.

I also want to acknowledge the dedicated efforts of Dr. Brian Scholl.  Brian has been single-mindedly focused on bringing new research and ideas to the Commission’s work.

CFTC Commitments Of Traders Reports Update

Date 10/03/2017

The current reports for the week of March 7, 2017 are now available.

SEC Charges Firms Involved In Layering, Manipulation Schemes

Date 10/03/2017

The Securities and Exchange Commission today announced fraud charges against a Ukraine-based trading firm accused of manipulating the U.S. markets hundreds of thousands of times and the New York-based brokerage firm and CEO who allegedly helped make it possible.

Federal Reserve Board Seeks To Fine And Prohibit Two Former Managing Directors At J.P. Morgan Securities (Asia Pacific) From Employment In Banking Industry

Date 10/03/2017

The Federal Reserve Board announced on Friday it will seek to fine and prohibit Fang Fang and Timothy Fletcher, two former managing directors at J.P. Morgan Securities (Asia Pacific) Limited, from working in the banking industry for their participation in a referral hiring program that violated anti-bribery law.