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Federal Court In Ohio Orders Over $31 Million In Restitution And Civil Monetary Penalties Against John R. Bullar And His Company, Executive Management Advisors L.L.C., For Commodity Pool Operator And Commodity Trading Advisor Fraud And Ponzi Scheme - In A Related Criminal Action, John R. Bullar Was Sentenced To 8 Years 4 Months In Prison And Ordered To Pay Over $6 Million In Criminal Restitution

Date 20/10/2015

The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Michael R. Barrett of the U.S. District Court for the Southern District of Ohio entered an Order for Final Judgment by Default against Defendant John R. Bullar, a resident of Cincinnati, Ohio, and a Consent Order against his company, Defendant Executive Management Advisors L.L.C. (EMA), imposing restitution on Bullar and EMA of over $6.2 million. In addition, the Orders require Bullar and EMA to pay civil monetary penalties totaling more than $24.8 million for their fraud, misappropriation, embezzlement, and operation of a Ponzi scheme, while illegally acting as Commodity Trading Advisors (CTAs) and Commodity Pool Operators (CPOs) without registering as such with the CFTC.  The Orders also impose permanent trading and registration bans on the Defendants and prohibit them from further violations of the Commodity Exchange Act, as charged.

Reuters: Vitol Sees Oil Struggling To Break Above USD60/BBL By End-2016

Date 20/10/2015

At the Reuters Global Commodities Summit today, Vitol, the world's largest oil trader, said it believes the crude price will struggle to trade above $60 a barrel next year, as the effects of slowing global demand growth could be compounded by a return of Iranian and maybe even Libyan barrels. The price of oil has halved over the last 12 months, mainly as a result of unprecedented levels of production from some major exporting countries, but also as demand from China and other commodity consumers, such as Brazil and Russia, slackened.

Dubai International Financial Centre Signs Strategic Partnership Agreement With du

Date 20/10/2015

• Agreement presents DIFC clients with preferred pricing packages and discounts
• Strategic move aligned with DIFC 2024 growth strategy to build unique, advanced infrastructure

U.S. Department Of The Treasury Under Secretary Secretary For International Affairs Nathan Sheets Travels To London And Frankfurt

Date 20/10/2015

The U.S. Department of the Treasury today announced that Under Secretary for International Affairs Nathan Sheets is traveling to London, England and Frankfurt, Germany October 21-23, 2015.

US Treasury Department Reaches Sanctions-Related Settlement With Crédit Agricole Corporation And Investment Bank For Approximately $329.5 Million - Treasury Settlement Part Of Interagency Investigation Into Apparent Violations Of Sanctions Programs

Date 20/10/2015

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a $329,593,585 agreement with Crédit Agricole Corporate and Investment Bank (CA-CIB) to settle its potential liability for apparent violations of U.S. sanctions regulations, as part of a combined $787,300,000 settlement with federal and state government agencies.  Today’s settlement resolves OFAC’s investigation into CA-CIB’s widespread practice of removing, omitting, or obscuring references to U.S.-sanctioned parties in 4,297 financial and trade transactions routed to or through banks in the United States between 2003 and 2008 in apparent violation of primarily the Sudanese Sanctions Regulations, 31 C.F.R. part 538, but also the Cuban Assets Control Regulations, 31 C.F.R. part 515, the Burmese Sanctions Regulations, 31 C.F.R. part 537, and the Iranian Transactions and Sanctions Regulations, 31 C.F.R. part 560.

CFTC Orders BNP Paribas Securities Corp. To Pay A $140,000 Penalty To Settle Charges Of Improper Investment Of Customer Segregated Funds

Date 20/10/2015

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order instituting and simultaneously settling charges against BNP Paribas Securities Corp. (BNPP), a registered Futures Commission Merchant (FCM) based in New York, New York, for violating the CFTC’s Regulations governing concentration limits applicable to the investment of segregated commodity customer funds. The CFTC Order requires BNPP to pay a $140,000 civil monetary penalty and to cease and desist from violating CFTC Regulations, as charged. The Order also requires that BNPP must regularly review its policies and procedures and provide training to ensure compliance with applicable regulations.

Federal Reserve Board Announces Civil Money Penalty And Issues Cease And Desist Order Against Crédit Agricole S.A.

Date 20/10/2015

The Federal Reserve Board on Tuesday announced a $90.3 million penalty and consent cease and desist order against Crédit Agricole S.A., of Paris, France, related to violations of U.S. sanctions. The order requires Crédit Agricole, including its foreign subsidiary, Crédit Agricole Corporate and Investment Bank, to implement an enhanced program to ensure global compliance with U.S. sanctions administered by the U.S. Department of Treasury's Office of Foreign Assets Control.

New OIC Study Shows Increased Knowledge Of Listed Options By Investors

Date 20/10/2015

The Options Industry Council (OIC), the educational cooperative run by OCC, the world’s largest equity derivatives clearing organization, and the U.S. options industry, today released the results of a new study conducted by Harris Poll that shows that industry efforts to educate investors about the use of listed options are generating positive results.

London Stock Exchange Today Welcomes China Development Bank (CDB)

Date 20/10/2015

London Stock Exchange today welcomed China Development Bank (CDB), one of the largest development financial institutions in the world and the major bank that provides medium and long term financing and investment services in China and in promoting development elsewhere in the world.  As at the end of the 3rd Quarter of 2015, CDB’s total assets reached RMB11.4 trillion and ranked No. 87 among Global Fortune 500.

Vienna Stock Exchange: Five Bonds Of The Financial Sector Can Be Traded Continuously

Date 20/10/2015

In the market segment financial sector the following bonds can be traded continuously as of Tuesday, October 20, 2015. The trading members Baader Bank AG (BALFR) and Walter Ludwig Wertpapierhandels GmbH (WALFR) assume the oblgations as market maker (M).