News Centre

New York Attorney General Eric T. Schneiderman-Led State & Federal Working Group Announces $3.2 Billion Settlement With Morgan Stanley - Settlement Includes $550 Million For New York, Including Millions To Help New Yorkers Avoid Foreclosure And Rebuild Their Communities - Significant Resources Dedicated To Transforming Code Enforcement Systems And Combating Proliferation Of Zombie Homes - Settlement Addresses Misconduct That Contributed To The 2008 Financial Crisis - Schneiderman: Today’s Settlement Is Another Victory In Our Effort To Help New Yorkers Rebuild And Hold Banks Accountable

Date 12/02/2016

Attorney General Eric T. Schneiderman today joined members of the state and federal working group he co-chairs to announce a $3.2 billion settlement with Morgan Stanley over the bank’s deceptive practices leading up to the financial crisis.  The settlement includes $550 million – $400 million worth of consumer relief and $150 million in cash – that will be allocated to New York State. 

TMX Group Limited Reports Results For The Fourth Quarter 2015

Date 12/02/2016

• Revenue of $177.1 million compared with $182.7 million in Q4/14 
• Diluted loss per share of $2.92 in Q4/15 compared with earnings per share of 76 cents in Q4/14 
• Adjusted diluted earnings per share of 87 cents in Q4/15, compared with 93 cents per share in Q4/14 
• Adjusted diluted earnings per share of 87 cents excludes: 

1. $3.57 per share charge related to non-cash impairment 
2. 11 cent per share of amortization of intangibles related to acquisitions 
3. 11 cent per share for strategic realignment expenses

Montréal Exchange Closed On February 15, 2016 - Family Day - Interest Rate Derivative Trading Ceases At 13:30 Today, February 12, 2016

Date 12/02/2016

Interest rate derivative trading will cease at 1:30 p.m. today, February 12, 2016. Furthermore, the Exchange's markets will be closed on February 15, 2016 (Family Day).

SEC: California Man Sold Investors Phony Stock To Pay Gambling Debts

Date 12/02/2016

The Securities and Exchange Commission today charged an unregistered broker in Oceanside, Calif., with fraudulently selling purported stock in a medical device company and pocketing investors’ money.

Former Rabobank Traders Convictions Upheld By U.S. District Court Judge Jed Rakoff - Libor Manipulation

Date 11/02/2016

Anthony Allen and Anthony Conti, two former Rabobank traders, have lost a bid to overturn their convictions arising from an global investigation into Libor manipulation. 

TSX Notice Of Housekeeping Rule Amendments

Date 11/02/2016

Toronto Stock Exchange ("TSX") has amended Appendix D - Toronto Stock Exchange Evidence of Security Ownership of the TSX Company Manual. These amendments remove the additional requirements for customized security certificates that apply to exempt industrial issuers. These amendments will reduce the costs of producing customized security certificates for exempt industrial issuers. 

Federal Reserve Board Issues Repeal Of Regulation AA And Requests Comment On Proposal To Repeal Regulation C

Date 11/02/2016

The Federal Reserve Board on Thursday announced the repeal of one regulation and a proposal to repeal a second in order to comply with statutory provisions that transferred certain consumer protection rulewriting authority to the Consumer Financial Protection Bureau (CFPB).

US Justice Department: Morgan Stanley Agrees To Pay $2.6 Billion Penalty In Connection With Its Sale Of Residential Mortgage Backed Securities

Date 11/02/2016

The Justice Department today announced that Morgan Stanley will pay a $2.6 billion penalty to resolve claims related to Morgan Stanley’s marketing, sale and issuance of residential mortgage-backed securities (RMBS).  This settlement constitutes the largest component of the set of resolutions with Morgan Stanley entered by members of the RMBS Working Group, which have totaled approximately $5 billion.  As part of the agreement, Morgan Stanley acknowledged in writing that it failed to disclose critical information to prospective investors about the quality of the mortgage loans underlying its RMBS and about its due diligence practices.  Investors, including federally insured financial institutions, suffered billions of dollars in losses from investing in RMBS issued by Morgan Stanley in 2006 and 2007. 

FINRA Bars Two Brokers For Fraudulent Sales Of A Hedge Fund

Date 11/02/2016

The Financial Industry Regulatory Authority (FINRA) announced today that it has barred two Buffalo-based brokers – Timothy S. Dembski and Walter F. Grenda – from the securities industry for fraud in connection with the sale of a hedge fund, the Prestige Wealth Management Fund, LP. Dembski and Grenda's misconduct occurred while they were employed with Mid Atlantic Capital Corporation.

CFTC’s Energy And Environmental Markets Advisory Committee To Meet On February 25, 2016

Date 11/02/2016

The U.S. Commodity Futures Trading Commission (Commission) announces that the Energy and Environmental Markets Advisory Committee (EEMAC) will hold a public meeting at the Commission’s Washington, D.C. headquarters located at 1155 21st Street, NW, Washington, DC 20581. This meeting will take place on February 25, 2016 from 10:00 am to 1:30 pm.