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  • SEC: Forex Trader Misrepresented Track Record And Hid Massive Losses

    Date 02/06/2016

    The Securities and Exchange Commission today charged a New York City-based trader with defrauding investors out of millions of dollars by misrepresenting her investment track record, the profitability of her investments, and her use of investor funds.

  • CFTC To Reopen Comment Period For Specific Elements Of Regulation Automated Trading

    Date 02/06/2016

    The U.S. Commodity Futures Trading Commission (CFTC) will reopen the comment period for specific elements of Regulation Automated Trading (Regulation AT). This is being done in conjunction with a CFTC staff roundtable on Regulation AT on June 10, 2016. The additional comment period is intended to obtain public input solely on the specific topics listed in the agenda for the roundtable and that arise during the roundtable (See CFTC Press Release 7377-16 for agenda).

  • SEC: Adviser Steered Investor Money To His Own Companies

    Date 02/06/2016

    The Securities and Exchange Commission today charged a North Carolina-based investment adviser with defrauding investors by secretly steering portions of real estate-related investments into deals with companies that he owned or operated himself.

  • Nasdaq, Inc. Prices $500,000,000 Senior Notes Offering

    Date 02/06/2016

    Nasdaq, Inc. (the “Company”) (Nasdaq:NDAQ) today announced that it priced a public offering of $500,000,000 aggregate principal amount of U.S. dollar-denominated 3.850% senior notes due 2026 (the “Offering”).  The Company expects to use the net proceeds from the Offering, together with cash on hand and/or borrowings under the Company’s senior credit facility, to fund the cash consideration payable by the Company for its acquisition of 100% of the equity interests in U.S. Exchange Holdings, Inc. (the indirect owner of three electronic options exchanges: International Securities Exchange, ISE Gemini and ISE Mercury) (the “ISE Transaction”) and related expenses and for general corporate purposes, which may include, without limitation, the repayment of indebtedness or the funding of other future acquisitions.

  • SEC Halts EB-5 Scheme Stealing Investments In Cancer Center

    Date 02/06/2016

    The Securities and Exchange Commission today announced fraud charges and an asset freeze against a husband and wife accused of misusing two-thirds of the money they raised from investors for the purpose of building and operating a new cancer treatment center that would use proton beam radiation to help oncology patients in Southern California.