News Centre

Decryptex Financial Laboratories Switches To MIK’s Security Master

Date 21/10/2015

Decryptex, the leading provider of scientific searches for capital markets trading surveillance, announced its selection of and partnership with MIK Fund Solutions for its security master. Decryptex employs advanced algorithms and big data to enable capital market professionals to uncover anomalous trading activity, and a robust security master is a critical piece of its offering.

Alan James Watson, Cash Flow Financial LLC, And Michael S. Potts Ordered To Pay More Than $91.9 Million In Final Disposition Of Commodity Pool Ponzi Scheme Case - In A Related Criminal Action, Watson Pleaded Guilty To Wire Fraud And Was Sentenced To 12 Years Imprisonment

Date 20/10/2015

The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Mark A. Goldsmith of the U.S. District Court for the Eastern District of Michigan entered an Order requiring Defendant Alan James Watson of Clinton Township, Michigan, to pay $37,224,928.82 in restitution and a $27 million civil monetary penalty, plus interest on both amounts, for his role in operating a commodity pool Ponzi scheme.

Remarks By Acting Assistant US Treasury Secretary Seth Carpenter At A Conference On The Evolving Structure Of The U.S. Treasury Market

Date 20/10/2015

Thank you, everyone, for joining us today. It is a pleasure to have such a distinguished group here with such a vast amount of experience. At the Treasury Department, we live and breathe Treasury markets, so it’s a nice change of pace to hear how other policy makers, market participants, and academics are thinking about these themes. Before I go on, I want to thank President Dudley and the Federal Reserve Bank of New York for hosting all of us.

Investor Alert: Canadian Securities Regulators Issue Warning About Messaging Applications Being Used To Entice Investors

Date 20/10/2015

The securities regulatory authorities in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Nova Scotia, Ontario, Quebec, and Saskatchewan are warning the public about fraudulent stock promotions that use popular smart phone messaging applications like WhatsApp to generate investor interest.

New York State Department of Financial Services Announces Crédit Agricole To Pay $787 Million, Install Independent Consultant, Terminate Employee For Transactions On Behalf Of Sudan, Iran, Other Sanctioned Entities

Date 20/10/2015

Anthony J. Albanese, Acting Superintendent of Financial Services for the State of New York, announced today that Crédit Agricole will pay $787 million and install an independent consultant for New York Banking Law violations in connection with transactions between 2003 and 2008 on behalf of countries and entities subject to U.S. sanctions, including Sudan, Iran, Myanmar, and Cuba. Additionally, while the vast majority of employees who were centrally involved in this misconduct no longer work at the Bank, Crédit Agricole will take action to terminate an additional Managing Director involved in the scheme who currently remains employed at the Bank.

Crédit Agricole Corporate And Investment Bank Admits To Sanctions Violations, Agrees To Forfeit $312 Million - Combined With Payments To Regulators, Bank To Pay $787.3 Million

Date 20/10/2015

Crédit Agricole Corporate and Investment Bank (CACIB), a corporate and investment bank owned by Crédit Agricole S.A. and headquartered in Paris, has agreed to forfeit $312 million and enter into a deferred prosecution agreement with the U.S. Attorney’s Office of the District of Columbia for CACIB’s violations of the International Emergency Economic Powers Act (IEEPA) and the Trading With the Enemy Act (TWEA).  CACIB employs over 7,000 employees and has a presence in over 30 countries.  The bank has also entered into settlement agreements with the Treasury Department’s Office of Foreign Assets Control (OFAC), the Board of Governors of the Federal Reserve System, the New York County District Attorney’s Office and the New York State Department of Financial Services (DFS).  In total, CACIB will pay $787.3 million in criminal and civil financial penalties.

Keynote Address At The Evolving Structure Of The U.S. Treasury Market Conference, Federal Reserve Bank Of New York: "Taking Stock Of Treasury Market Regulation", SEC Chair Mary Jo White, Oct. 20, 2015

Date 20/10/2015

I am very pleased to participate in this important conference on the structure and regulation of the U.S. Treasury market, and want to acknowledge particularly the organizing efforts of the Department of Treasury and the Federal Reserve Bank of New York.

FINRA Sanctions 12 Firms A Total Of $6.7 Million For Failing To Apply Sales Charge Discounts To Customers' Purchases Of UITs - More Than $4 Million In Restitution Ordered To Affected Customers

Date 20/10/2015

The Financial Industry Regulatory Authority (FINRA) announced today that it has ordered 12 firms to pay restitution totaling more than $4 million and fines totaling more than $2.6 million for failing to apply available sales charge discounts to customers' purchases of Unit Investment Trusts (UITs), and related supervisory failures.

Keynote Remarks At The 2015 Women In Policing Conference: “Women In The NYPD: Hear Them Roar”, SEC Chair Mary Jo White, New York, New York, Oct. 20, 2015

Date 20/10/2015

Thank you Rikki [Klieman], for that terrific introduction.  There is no place that I would rather be than in New York speaking at your Women in Policing Conference, “Women Inspiring Women.”  There is no institution I admire more than the NYPD, and it is also a special privilege to join Commissioner Bill Bratton at this event.  I worked very closely with Commissioner Bratton when I was the U.S. Attorney, and we all owe him a tremendous debt of gratitude for his leadership and service to this City.  I also want to thank Rikki Klieman for her support of the Commissioner’s service and for her own dedication to overarching and important causes for women and children and acknowledge her extraordinary public-minded career as a renowned trial lawyer, TV commentator, author, actress, and teacher.

Speech By John Griffith Jones, Chairman, FCA, Delivered At Judge Business School

Date 20/10/2015

Good morning all. It is a great pleasure to join you. And a privilege to be here as a guest of the Judge Business School.

I note you have a big topic and a particularly distinguished panel of speakers and contributors following me, so I arrive with the aim of providing a clear message to start your day.