News Centre

Third Issue Of The Asian Financial Partnership Center Newsletter

Date 29/09/2015

The Asian Financial Partnership Center (AFPAC) announces the third issue of the Newsletter. Please see the AFPAC Newsletter (vol.3) (PDF:726KB) for details.

Tokyo Stock Exchange: Registered On The Lead Managing Underwriter List Of TOKYO PRO-BOND Market: The Bank Of Nova Scotia

Date 29/09/2015

SEC Charges Trinity Capital Corporation And Former Bank Executives With Accounting Fraud

Date 28/09/2015

The Securities and Exchange Commission today announced that Trinity Capital Corporation and its wholly-owned subsidiary, Los Alamos National Bank, have agreed to pay $1.5 million to settle accounting fraud charges.

CFTC Orders Georgia Resident Michael E. Simmons And His Company Global Consortiums, LLC To Pay Restitution And A Civil Monetary Penalty Totaling More Than $589,000 For Engaging In Foreign Exchange Commodity Pool Fraud

Date 28/09/2015

The U.S. Commodity Futures Trading Commission (CFTC) today entered an Order requiring Respondents Michael E. Simmons and Global Consortiums, LLC, both of Fayetteville, Georgia, jointly to pay a $360,000 civil monetary penalty and restitution totaling $229,660 for committing fraud and misappropriation in connection with operating a commodity pool that offered leveraged or margined off-exchange foreign currency (forex) transactions. Simmons was the sole owner, president, and chief executive officer of Global Consortiums. Neither Respondent has ever been registered with the CFTC.

Office Of Financial Research Update: Financial Markets Monitor For September

Date 28/09/2015

The OFR released today its Financial Markets Monitor for September. The monitor says U.S. financial markets have been more stable in September, following a marked deterioration in August. However, investor risk appetite appears to be weaker than before the sell-offs and underlying concerns persist about emerging market growth.

Statement Of CFTC Commissioner J. Christopher Giancarlo On The Issuance Of Conditional Time-Limited No-Action Relief From Certain Ownership And Control Data Reporting Requirements Under Parts 17, 18 And 20 Of The Commission’s Regulations

Date 28/09/2015

I support the present extension of no-action relief that was set to expire on September 30, 2015. I commend Commission staff and the futures commission merchant community for their extensive efforts in attempting to resolve the outstanding issues engendered by the Ownership and Control Data Reporting Rule (OCR Rule).

ITG Releases Research Unbundling Guide - FAQs Help Investors Prepare For Impending European Regulation

Date 28/09/2015

ITG (NYSE:ITG), a leading execution broker and research provider, today published a series of frequently asked questions (FAQs) to assist asset managers in navigating the upcoming European regulations around research payments. Proposals to unbundle payments for investment research from trading commissions are one focus of the European Union’s updated Markets in Financial Instruments Directive (MiFID II). By forcing brokers to price and charge for services separately, the aim is to enhance transparency and accountability, and achieve best execution while maximizing research value. European investment managers will likely be required to implement the changes on a global basis before the end of 2017.

Thomson Reuters Expands DataScope Solutions Via Continuous Delivery Of Reference Data - With DataScope Equities Plus, Users Can Access Broader, Richer Content Sets Over Faster Delivery Cycle

Date 28/09/2015

Thomson Reuters announced today the launch of Thomson Reuters DataScope Equities Plus, an enhanced, customizable bulk data feed solution for offering continuously updated reference data and end-of-day pricing.

Canadian Regulators Release Results Of Compliance With New Disclosure Requirements On Women on Boards And In Executive Officer Positions

Date 28/09/2015

The securities regulatory authorities in Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Québec, Saskatchewan and Yukon today published CSA Multilateral Staff Notice 58-307 Staff Review of Women on Boards and in Executive Officer Positions – Compliance with NI 58-101 Disclosure of Corporate Governance Practices (Staff Notice 58-307). The notice summarizes the results of Staff’s review of disclosure of over 700 TSX-listed issuers with year-ends between December 31, 2014 and March 31, 2015 following the implementation of amendments to National Instrument 58-101 Disclosure of Corporate Governance Practices (the Rule Amendments).

SEC: Credit Suisse To Pay $4.25 Million And Admits To Providing Deficient “Blue Sheet” Trading Data

Date 28/09/2015

The Securities and Exchange Commission today charged Credit Suisse Securities (USA) LLC with submitting deficient information to the agency over a two-year period about trades done by its customers, commonly referred to as “blue sheet data.”