News Centre

SEC Adopts Rules To Facilitate Smaller Companies’ Access To Capital - New Rules Provide Investors With More Investment Choices

Date 25/03/2015

The Securities and Exchange Commission today adopted final rules to facilitate smaller companies’ access to capital.  The new rules provide investors with more investment choices.

Testimony Of US Treasury Secretary Jacob J. Lew On The Financial Stability Oversight Council’s (FSOC) Nonbank Financial Company Designations Process Before The Senate Banking Committee

Date 25/03/2015

Chairman Shelby, Ranking Member Brown, and members of the Committee, thank you for inviting me here today to discuss the Financial Stability Oversight Council’s nonbank financial company designations process.  

Statement At Open Meeting On Rule 15b9-1, SEC Commissioner Daniel M. Gallagher, March 25, 2015

Date 25/03/2015

Today the Commission is proposing to amend SEC Rule 15b9-1.  I would like to join my colleagues in thanking the staff in the Division of Trading and Markets, DERA and Office of the General Counsel for their efforts on this rulemaking.  In particular, I would like to thank David Michehl, Nicholas Shwayri, and Charles Sommers.

CFTC Revokes Registrations Of John G. Wilkins And His Company, Altamont Global Partners LLC, Based On Federal Court’s Permanent Injunction Order And On Wilkins’s Related Criminal Conviction

Date 25/03/2015

The U.S. Commodity Futures Trading Commission (CFTC) today announced the revocation of the registrations of Altamont Global Partners LLC(AGP) of Longwood, Florida and its owner, John G. Wilkins, formerly of Chuluota, Florida. AGP was registered with the CFTC as a Commodity Pool Operator, and Wilkins was registered as an Associated Person of AGP.

UK Financial Conduct Authority Wins Appeal Case Against Capital Alternatives

Date 25/03/2015

The Financial Conduct Authority (FCA) has received the judgment from The Court of Appeal hearing for Capital Alternatives and others which took place on 27 and 28 January 2015. The Court of Appeal has ruled that all four schemes were collective investment schemes. If the decision is not subject to further appeal by the Defendants,  the FCA can proceed with any remaining aspects of the case which still need to be ruled on by the Court.

Helping Small Businesses And Protecting Investors, SEC Commissioner Luis A. Aguilar, March 25, 2015

Date 25/03/2015

The Commission has long recognized that small businesses are essential to the growth and success of our national economy. Our nation’s 28 million small business owners create almost two out of every three new jobs and employ more than half of the U.S. workforce. The long-term success of our country’s small businesses, however, depends on their access to capital. For this reason, Congress has provided the Commission with authority to pass rules to make it easier for small businesses to raise capital. One rule which has historically been used by small businesses is Regulation A—an exemptive rule that has been around nearly as long as the SEC. Regulation A provides companies with a streamlined and less costly way to raise capital, so long as they provide the investing public with certain critical disclosures about the company and the securities being offered.

Euronext Welcomes The Bond Listing Of COFINIMMO On Its Alternext Brussels Market

Date 25/03/2015

Euronext Brussels announces the successful admission to listing on its Alternext market of corporate bonds issued by Cofinimmo, the Belgian real estate company specialising in rental property.

Enhancing Oversight Of Our Equities And Options Markets, SEC Commissioner Luis A. Aguilar, March 25, 2015

Date 25/03/2015

Today, the Commission considers a proposal to amend Rule 15b9-1, which exempts certain broker-dealers from the obligation to hold membership in a registered national securities association.[1] The proposed amendments are intended to realign the rule with current market practices and to curtail the use of this rule by certain high-frequency traders in order to avoid the membership requirement. The proposal being considered today represents an important step in improving market oversight.

European Investment Bank: Tap Of Longest Green Benchmark Heralds Imminent Publication Of New Green Bond Principles

Date 25/03/2015

• EIB’s CAB 2026 increased to EUR 1.25 bn

• 2015 Green Bond Principles (“GBP”) to be presented in London on 27/3

• Special CAB-Newsletter of the EIB to be presented in London on 27/3

• Total CAB issuance approaching EUR 8.5bn

Statement At Open Meeting On Rule 15b9-1, SEC Commissioner Kara M. Stein, March 25, 2015

Date 25/03/2015

First, I would like to echo my thanks to the staff who have worked hard on this release.   

Today’s proposal addresses the lack of uniform oversight of broker-dealers.  Generally, a registered broker-dealer must be a member of a securities association unless it conducts its trades solely on an exchange.  A securities association serves as a self-regulatory organization, or SRO, which provides important oversight and a regulatory framework to safeguard investors.  In 1976, the Commission issued a provision that provided a conditional exemption for certain exchange members from this membership requirement.