News Centre

ASIC Publishes Second Report On Corporate Finance Regulation

Date 23/02/2015

ASIC has today published the second report in its series on the regulation of corporate finance issues in Australia.

Fact Sheet: Middle Class Economics: Strengthening Retirement Security By Cracking Down On Backdoor Payments And Hidden Fees

Date 23/02/2015

“That’s what middle-class economics is—the idea that this country does best when everyone gets their fair shot, everyone does their fair share, and everyone plays by the same set of rules.” President Barack Obama, State of the Union Address, January 20, 2015

Middle class economics means that Americans should be able to retire with dignity after a lifetime of hard work. But today, the rules of the road do not ensure that financial advisers act in the best interest of their clients when they give retirement investment advice, and it’s hurting millions of working and middle class families.

Canadian Securities Regulators’ Review Finds Medical Marijuana Business Disclosure Deficient

Date 23/02/2015

Members of the Canadian Securities Administrators (CSA) today released CSA Staff Notice 51-342 Staff Review of Issuers Entering Into Medical Marijuana Business Opportunities, which summarizes the CSA’s findings and disclosure expectations for reporting issuers contemplating involvement in Canada’s medical marijuana industry.

Facebook To Participate In The Morgan Stanley Technology, Media & Telecom Conference

Date 23/02/2015

Facebook, Inc. (NASDAQ: FB) today announced that Sheryl Sandberg, COO, andDave Wehner, CFO, will participate in the Morgan Stanley Technology, Media & Telecom Conference on March 2, 2015 at 10:15 a.m. Pacific Time. 

Dissenting Statement Regarding The Commission’s Order Approving a Proposed Rule Change To Adopt New Rule 5713 And List Paired Class Shares Issued By AccuShares® Commodities Trust I, SEC Commissioner Kara M. Stein, Feb. 23, 2015

Date 23/02/2015

I dissent from the decision of the majority of the Commission approving NASDAQ Rule 5713, which adopted new listing standards for “Paired Class Shares” in order to list and trade such shares issued by seven new Accushares exchange-traded funds (ETFs) on a national exchange.  The approval of these novel and complex products is premature given the substantial concerns about its operations and impact on investors.

OCC Announces New Leaders To Enhance Business And Product Development And Communications

Date 23/02/2015

OCC announced today that Scot Warren has joined OCC as Executive Vice President, Business Development and The Options Industry Council. Mr. Warren has 25 years of experience in global equity and equity derivatives markets, including index services. In his new role, he will provide oversight to further strengthen OCC’s business and product development efforts as well as its communications programs. Mr. Warren’s responsibilities will also include oversight of The Options Industry Council and investor education.

Thomson Reuters Org ID Successfully Completes ISAE 3000 Type 1 Audit For Design Suitability Of Its Internal Controls Tied To Transparency And The Quality Of Its KYC Managed Services - Thomson Reuters Is First KYC Managed Services Provider To Complete An ISAE 3000 Audit

Date 23/02/2015

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced that its Org ID end-to-end client identity managed service has been audited by PricewaterhouseCoopers (PwC) against the International Standard on Assurance Engagements (ISAE) 3000 assurance standard. This international standard provides customers with an independent review in relation to the design of a services provider’s internal processes, controls, and compliance policy.

FINRA Investor Education Foundation And United Way Grant $1.5 Million For Financial Education

Date 23/02/2015

The Financial Industry Regulatory Authority (FINRA) Investor Education Foundation and United Way Worldwide are giving more than $1.5 million in grants to help low-wage families build financial stability, under the Financial Education in Your Community initiative.

SIFMA Statement On DOL Retirement Regulation Proposal

Date 23/02/2015

SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr., on the DOL retirement regulation proposal:

"While we cannot comment on a proposal we have not yet seen, we have ongoing concerns that the DOL regulation could adversely affect retirement savers, particularly middle class workers. The new regulation could limit investor choice, cause inconsistencies as different regulators would apply different standards to the same retirement accounts, prohibit access to investor guidance, and raise the costs of saving for retirement. As the process moves forward, OMB must consider all of the facts, including the fact that the brokerage industry is highly regulated by the SEC and FINRA, including with respect to retirement accounts, and in particular, recent guidance by FINRA with respect to rollovers. This proposal needs a thorough review as it has the potential to cause a detrimental impact on all American savers and the retirement system as a whole."

Thomson Reuters To Present At The 2015 Deutsche Bank Media, Internet & Telecom Conference

Date 23/02/2015

James C. Smith, chief executive officer of Thomson Reuters (TSX / NYSE: TRI), the world’s leading source of intelligent information for businesses and professionals, will present at the 2015 Deutsche Bank Media, Internet & Telecom Conference on Monday, March 9, 2015 at 1:30 p.m. ET. The presentation may include forward looking information.