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FINRA Fines Eight Firms A Total Of $6.2 Million For Supervisory Failures Related To Variable Annuity L-Shares - Five Firms Ordered To Pay More Than $6 Million To Customers

Date 02/11/2016

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined eight firms, including VOYA Financial Advisors, five broker-dealer subsidiaries of Cetera Financial Group, Kestra Investment Services, LLC, and FTB Advisors, Inc., a total of $6.2 million for failing to supervise sales of variable annuities (VAs). FINRA also ordered five of the firms to pay more than $6 million to customers who purchased L-share variable annuities with potentially incompatible, complex and expensive long-term minimum-income and withdrawal riders. 

CFTC’s Market Risk Advisory Committee To Meet On November 17, 2016

Date 02/11/2016

The U.S. Commodity Futures Trading Commission’s (CFTC) Market Risk Advisory Committee (MRAC) will hold a public meeting on November 17, 2016 at the CFTC's Washington, DC, headquarters.

Moscow Exchange Trading Volumes In October 2016

Date 02/11/2016

Moscow Exchange (ticker: MOEX) announces trading volumes for October 2016. Total trading volumes increased by 5.5% YoY to RUB 70.8 trln.

TMX Group Introduces Four Letter Trading Symbols

Date 02/11/2016

Nasdaq Welcomes GDS Holdings Ltd. (Nasdaq: GDS) To The Nasdaq Stock Market

Date 02/11/2016

GDS Holdings Ltd. (Nasdaq:GDS), a leading developer and operator of high-performance data centers in China, visited the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market. This is the sixth China-based company to list on Nasdaq in 2016.

BME Traded €44 Billion In Equities In October, Up 3% From September

Date 02/11/2016

• From January-October the effective trading volume totaled €557.4 billion
• The number of trades to the end of October reached 45.5 million
• ETF trading to the end of October stood at €5 billion
• The trading volume in derivatives in October was up 17% on the year
• The volume of Medium and Long Term issues on the Corporate Debt market in October was up 16% year-on-year and the volume of issues on MARF trebbled

LCH To Launch LCH SwapAgent, A Centralised Service For The Non-Cleared Derivatives Market

Date 02/11/2016

• LCH SwapAgent will provide centralised trade processing, valuation, margining, risk calculation and optimisation services for the OTC bilateral rates & FX markets
• Service is designed to facilitate the standardisation and streamlining of bilateral OTC market infrastructure and end to end workflow and processing
• 11 dealers confirm support  
• Complements LCH’s strong track record in serving cleared OTC markets
• Expected to go-live in H1 2017, subject to necessary approvals

Ljubljana Stock Exchange Monthly Statistical Report - October 2016

Date 02/11/2016

Click here to download the short and comprehensive monthly statistics of the Ljubljana Stock Exchange for October 2016.

CISI Signs Agreement With The Kuwait Capital Markets Authority To Provide Qualifications

Date 02/11/2016

• The agreement establishes an integrated programme to serve securities practitioners in the Kuwaiti financial sector

SEC Names Marc A. Panucci As Deputy Chief Accountant

Date 02/11/2016

The Securities and Exchange Commission today announced the appointment of Marc A. Panucci as a Deputy Chief Accountant in the Office of the Chief Accountant.