News Centre

U.S. Department Of Justice: Volkswagen Executive Charged For Alleged Role In Conspiracy To Cheat U.S. Emissions Tests

Date 09/01/2017

Oliver Schmidt, a Volkswagen (VW) engineer, was charged in a criminal complaint unsealed today for his alleged role in a nearly decade-long conspiracy to defraud U.S. regulators and U.S. Volkswagen customers by implementing software specifically designed to cheat U.S. emissions tests in hundreds of thousands of Volkswagen “clean diesel” vehicles.

CME Group Inc. Announces Fourth-Quarter, Full-Year 2016 Earnings Release, Conference Call

Date 09/01/2017

CME Group Inc. will announce earnings for fourth-quarter and full-year 2016 before the markets open on Thursday, February 2, 2017.  The company has scheduled an investor conference call that day at 7:30 a.m. Central Time.

Federal Court Orders Defendants EJS Capital Management, LLC, Alex Vladimir Ekdeshman, And Edward J. Servider to Pay $11.6 Million in Sanctions for Forex Fraud Scheme - Relief Defendants Alisa Ekdeshman, Executive Services of Florida, LLC, Executive Management Of Montana, Inc., and Michael Vilner Ordered To Pay $760,375 In Disgorgement

Date 09/01/2017

The U.S. Commodity Futures Trading Commission (CFTC) obtained judgments against each of the Defendants and Relief Defendants in this fraudulent, off-exchange foreign currency (forex) scheme involving misappropriation of customer funds and false statements to customers to conceal the fraud. The Orders impose permanent registration and trading bans against the Defendants and order the Defendants to pay over $11.6 million in sanctions and the Relief Defendants to disgorge a total of $760,375 of ill-gotten gains.

Tadawul Publishes Draft Rules For The T+2 Settlement Cycle For Public Consultation

Date 09/01/2017

The Saudi Stock Exchange “Tadawul” is keen to involve all concerned and interested parties to participate and share their observations on the regulatory frameworks for Tadawul’s projects.

New York Governor Cuomo Announces The 6th Proposal Of The 2017 State Of The State: Banning Bad Actors From The Financial Services Industry For Egregious Conduct

Date 09/01/2017

Governor Andrew M. Cuomo today announced a new proposal to further protect consumers from egregious and deceptive behavior in the financial services industry by pushing to empower the state Superintendent of Financial Services to ban certain bad actors from the banking and insurance industries for misconduct like that seen in the Wells Fargo scandal.

BM&FBOVESPA Publishes 2016 Market Performance

Date 09/01/2017

Tadawul Publishes The Proposed T+2 Settlement Cycle Business Model And The QFI Information Memorandum

Date 09/01/2017

As part of the Saudi Stock Exchange’s strategy to support the development of the Saudi capital market and continuously enhance an environment that promotes institutional-level investments, the T+2 settlement cycle is planned to be implemented during the second quarter of 2017; which aims to align the Saudi Stock Market with leading global settlement practices and increase levels of asset safety for investors. 

DTCC Selects IBM, AXONI And R3 To Develop DTCC's Distributed Ledger Solution For Derivatives Processing Firms To collaborate On Leveraging Distributed Ledger Technology To Build The Next Generation Trade Information Warehouse

Date 09/01/2017

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that it has selected IBM, in partnership with Axoni and R3, to provide a distributed ledger technology (“DLT”) framework to drive further improvements in derivatives post-trade lifecycle events. The firms will work collaboratively to re-platform DTCC’s Trade Information Warehouse (“TIW”), building a derivatives distributed ledger solution for post-trade processing based on existing TIW capabilities and interfaces with technology providers and market participants. The TIW service currently automates the record keeping, lifecycle events, and payment management for more than $11 trillion of cleared and bilateral credit derivatives.

New York Attorney General Eric T. Schneiderman Secures Agreement With Hedge Fund Manager Who Misled Investors About Investment Risks - Schneiderman’s Investigation Of Hedge Fund Manager Vincent Au Results In Updated, Full Risk Disclosures For Investors - Settlement Also Provides An Opportunity To Redeem Investments Once They Receive Updated Disclosures Regarding Au’s Hedge Funds, Gondor Partners, LP And Gondor Partners, Ltd.

Date 09/01/2017

Attorney General Eric T. Schneiderman today announced the resolution of an investigation into hedge fund manager Vincent Au for misrepresentations made by Au in the course of marketing two hedge funds, Gondor Partners, LP and Gondor Partners, Ltd. (the “Gondor funds”).  To resolve Attorney General Scheiderman’s investigation, Au will provide complete and updated risk disclosures to all investors in the funds, will provide all investors with audited financial statements for the funds, and will give all investors an opportunity to redeem their investments in the funds.  Au will also pay a penalty of $20,000 to the State of New York.

VTB Capital Tops Dealogic And Bloomberg League Tables

Date 09/01/2017

VTB Capital has secured top spots in the Dealogic and Bloomberg league tables for 2016, leading in DCM, ECM and M&A rankings across Russia, CIS, CEE and EMEA.