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Statement On The Commission’s Consideration Of The Public Company Accounting Oversight Board’s Proposed 2014 Budget And Accounting Support Fee, SEC, Commissioner Kara M. Stein, Washington, D.C.

Date 06/02/2014

We are here today to help fulfill the Commission’s statutory obligation to approve the Public Company Accounting Oversight Board’s (“PCAOB” or “Board”) annual budget. When establishing the PCAOB in 2002, Congress vested the SEC with authority to review and approve the Board’s rules, standards, and budget.

Statement At An Open Meeting Of The Commission To Consider The Public Company Accounting Oversight Board’s Proposed 2014 Budget And Accounting Support Fee - SEC Commissioner Daniel M. Gallagher, Washington, D.C.

Date 06/02/2014

The Sarbanes-Oxley Act requires that the Securities and Exchange Commission approve the PCAOB’s budget and accounting support fee.

Protecting Investors Requires A Strong PCAOB - SEC Commissioner Luis A. Aguilar, U.S. Securities And Exchange Commission, SEC Open Meeting, Washington, D.C.

Date 06/02/2014

Investor confidence in the reliability of public company financial statements—and in the effectiveness of their internal controls—is essential to true capital formation.  This requires, among other things, that a company’s financial statements benefit from the rigor of high-quality, independent audits.  To that end, and to protect the interests of investors and the public interest, Congress established the Public Company Accounting Oversight Board (“PCAOB”), and gave it authority to oversee the audits of certain companies subject to the federal securities laws.

CME Group Extends Employment Agreements With Executive Chairman & President Terry Duffy And CEO Phupinder Gill

Date 06/02/2014

CME Group, the world's leading and most diverse derivatives marketplace (NASDAQ: CME), today announced that it has extended its employment agreement with Executive Chairman and President Terry Duffy through December 31, 2017.

CFTC’s Division Of Swap Dealer And Intermediary Oversight Provides Additional Guidance To Futures Commission Merchants And Depositories Regarding Procedures For New Filing Requirements

Date 05/02/2014

The U.S. Commodity Futures Trading Commission’s (Commission or CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) issued a notice today to provide market participants with additional guidance regarding the procedures for submitting to the Commission the notices and reports required under new and amended regulations the Commission adopted November 1, 2013.

Federal Court In Florida Orders James Burbage, Frank Gaudino, And Their Companies To Pay Over $5 Million In Restitution And Penalties To Settle Charges Related To Illegal, Off-Exchange Precious Metals Transactions

Date 05/02/2014

The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge Donald M. Middlebrooks of the U.S. District Court for the Southern District of Florida in Miami entered a final judgment and permanent injunction Order against Florida residents James Burbage and Frank Gaudino and their companies, Lloyds Commodities, LLC, Lloyds Commodities Credit Company, LLC, and Lloyds Services, LLC (the Lloyds Defendants), who the CFTC had sued for their role in a multi-million dollar precious metals scheme orchestrated by Hunter Wise Commodities, LLC and related companies (Hunter Wise) (see CFTC Press Release 6447-12 and the Complaint).

First Derivatives Opens Singapore Office, Consolidates Asian Expansion

Date 05/02/2014

First Derivatives (AIM: FDP.L, ESM:FDP.I), a leading provider of software and consulting services to global investment banks, brokers, hedge funds and exchanges, today announced the opening of their new Singapore office. 

CFTC Announces Agenda For Upcoming Global Markets Advisory Committee Meeting

Date 05/02/2014

The U.S. Commodity Futures Trading Commission (CFTC or Commission) announced today the full agenda for the upcoming CFTC Global Markets Advisory Committee (GMAC) public meeting. The meeting will be held on Wednesday, February 12, 2014 at CFTC’s headquarters in Washington, D.C. from 2 p.m. to 5 p.m. For more information regarding the meeting, view CFTC Press 6842-14. CFTC Acting Chairman Mark Wetjen is the sponsor of this advisory committee.

CFTC Acting Chairman Wetjen To Testify Before The U.S. Senate Banking, Housing And Urban Affairs Committee

Date 05/02/2014

CFTC Acting Chairman Mark Wetjen will testify before the U.S. Senate Banking, Housing and Urban Affairs Committee

SIFMA Statement On The National Cybersecurity And Critical Infrastructure Protection Act

Date 05/02/2014

SIFMA today released the following statement from Kenneth E. Bentsen, Jr., president and CEO, after the House Committee on Homeland Security reported out H.R. 3696, the National Cybersecurity and Critical Infrastructure Protection Act of 2013: 

"Cybersecurity is increasingly a major threat to our financial system. SIFMA members are dedicating significant resources to protect the millions of Americans who use financial services every day and rely on the integrity of our markets. We commend the Committee for advancing this important legislation that could enhance how the government and private sector work together to mitigate cyber threats. A strong public-private partnership, complete with robust information sharing, is the most effective way to prevent and defend against cyber attacks."