News Centre

California Financier Charged In Alleged Ponzi Scheme - Former CEO And Corporate Counsel Of Financial Services Marketing Company Previously Pleaded Guilty

Date 26/02/2015

A California man and purported billionaire financier was taken into federal custody today for his role in an alleged Ponzi scheme in which investors lost $2.5 million, announced Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division and Inspector in Charge Gary Barksdale of the U.S. Postal Inspection Service’s Criminal Investigations Group.  

Women In ETFs To Ring The Bells At Eight Exchanges Around The World In Honor Of International Women’s Day - Exchanges In New York, Chicago, Paris, London, Frankfurt, Hong Kong, Zurich And Sydney Among Cities To Participate In Bell Ringings In March 2015

Date 26/02/2015

Women in ETFs (WE)—the first women’s group for the ETF industry—has partnered with eight exchanges worldwide to honor International Women’s Day, celebrated annually on March 8.

Federal Reserve Board Extends Comment Period Until April 3 For Proposed Rule To Implement Capital Surcharges For Largest, Most Systemically Important U.S. Bank Holding Companies

Date 26/02/2015

The Federal Reserve Board on Thursday extended until April 3 the comment period for its proposed rule to implement capital surcharges for the largest, most systemically important U.S. bank holding companies.

Conflicts, Conflicts Everywhere – Remarks To The IA Watch 17th Annual IA Compliance Conference: The Full 360 View, Julie M. Riewe, SEC Co-Chief, Asset Management Unit, Division Of Enforcement, Washington, DC, Feb. 26, 2015

Date 26/02/2015

Introduction

Good morning everyone, and thank you, Carl, for that kind introduction and for inviting me to speak here today. Before I begin, let me remind you that the views I express are my own and do not necessarily reflect the views of the Commission, any of the Commissioners, or any other colleague on the staff of the Commission.

MIAX Options Exchange - March 1, 2015 - Pending Fee Changes

Date 26/02/2015

Effective March 1, 2015, pending SEC approval, the MIAX Options Fee Schedule will be amended as follows:

• Establishment of an additional per contract credit (in both Penny and Non-Penny Pilot Classes) for Priority Customer contracts executed  in the MIAX Price Improvement Mechanism (PRIME) when the introducing member meets certain volume thresholds.
• The MIAX Market Maker Sliding Scale Transaction Fees will be amended as follows:
  • Change to the percentage of national Market Maker volume required for Tiers 2 and 3
  • Change to the per executed contract fee for Penny Pilot Classes in Tier 1
  • Establishment of separate per executed contract fees for Non-Penny Pilot Classes in all Tiers

CFTC Requests Public Comment On Application Submitted By CME Clearing Europe Limited For Registration As A Derivatives Clearing Organization

Date 26/02/2015

The U.S. Commodity Futures Trading Commission (CFTC) is asking for public comment on an application submitted by CME Clearing Europe Limited for registration as a derivatives clearing organization.

New York Attorney General Eric T. Schneiderman Proposes Bill To Reward And Protect Whistleblowers Who Report Financial Crimes - Financial Frauds Whistleblower Act Would Provide Monetary Incentive To Employees With Information About Financial Misconduct; Protect Against Retaliation By Employers - Schneiderman: New York Has A Unique Opportunity To Set The Gold Standard For States Seeking To Expose And Hold Individuals Accountable For Financial Crimes

Date 26/02/2015

Attorney General Eric T. Schneiderman announced today that he would propose legislation in Albany to protect and reward employees who report information about illegal activity in the banking, insurance, and financial services industries. Currently, no law exists in New York State to protect or incentivize whistleblowers who report securities and other financial frauds. Attorney General Schneiderman’s bill – the Financial Frauds Whistleblower Act – would provide financial compensation to whistleblowers who voluntarily report fraud in their industry, and whose tips lead to more than $1 million in penalties or settlement proceeds. The bill would also guarantee the confidentiality of the whistleblower’s information, and make it illegal for any employer to retaliate in response. The rewards paid to whistleblowers will be drawn from monetary recoveries paid by those who commit wrongdoing, and not out of state funds, making this a cost-free way to increase the government’s ability to detect frauds and obtain recoveries.

BATS Exchange Welcomes New iShares ETF - iShares U.S. Fixed Income Balanced Risk ETF (INC) Begins Trading Today On BATS Exchange

Date 26/02/2015

BATS Global Markets (BATS), a leading operator of securities markets in the U.S. and Europe, today announced that the iShares U.S. Fixed Income Balanced Risk ETF (BATS: INC) begins trading today on BATS Exchange.

Reforms To The Bank Of England’s Market Intelligence Programme

Date 26/02/2015

The Bank of England today announced the outcome of a root-and-branch review of its Market Intelligence (MI) programme. In a speech at Warwick University, Minouche Shafik said the resulting changes – alongside progressive steps to make the Bank’s liquidity insurance framework more transparent – show clearly that the Bank is not just “open for business” but also “open about our business.” 

Tel Aviv Stock Exchange Weekly Review: 22-26 February 2015

Date 26/02/2015

Trading on the Tel Aviv Stock Exchange (TASE) during the last week of February ended up for all leading TASE indices; 6 new ETNs were issued on international share indices.