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New Zealand's Financial Markets Authority Guidance Helps Consumers Access Financial Advice

Date 17/12/2013

The Financial Markets Authority has released guidance to help financial advisers give high quality personalised advice that is time-efficient and adopts the right level of compliance.

Hong Kong's Securities and Futures Commission Bans Ivy Kiu Koon Yee For Life

Date 17/12/2013

The Securities and Futures Commission (SFC) has banned Ms Ivy Kiu Koon Yee from re-entering the industry for life.

ASIC: Macquarie Bank Limited Pays $175,000 Infringement Notice Penalty

Date 17/12/2013

Macquarie Bank Limited (Macquarie) has paid a penalty of $175,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (MDP). The penalty was for failing on two separate occasions, to deposit a total of $23 million (being $14 million and $9 million respectively), received from a Client into Client Accounts maintained by Macquarie and designated as Clients' segregated accounts.

Shenzhen Stock Exchange Market Bulletin 16 December, 2013 - Issue 28

Date 17/12/2013

Last week, Shenzhen Component Index closed at 8429.8 points after losing 1.1%. SME Index rose 1.2% to 5052.4 points. ChiNext Index jumped 5.9% and stood at 1278.1 points. Total turnover for stocks and funds on SZSE was US$ 79.6 billion, or a 21.7% decrease from the week before.

Shenzhen Stock Exchange To Launch Interview On ‘Supporting Rules On IPO On Shenzhen Market’ Via Micro-blogs

Date 17/12/2013

CFTC Names Mark P. Wetjen Acting Chairman Of The Commission

Date 16/12/2013

The U.S. Commodity Futures Trading Commission (CFTC or Commission) today announced that the members of the Commission have unanimously elected Commissioner Mark P. Wetjen to serve as Acting Chairman upon the end of Chairman Gary Gensler’s service.

FINRA Fines COR Clearing LLC $1 Million For Extensive Regulatory Failures - Anti-Money Laundering, Financial Reporting And Supervisory Responsibilities Neglected Over Four-Year Period

Date 16/12/2013

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined COR Clearing LLC (formerly Legent Clearing LLC), of Omaha, Nebraska, $1 million for numerous failures to comply with anti-money laundering (AML), financial reporting and supervisory obligations. COR is also ordered to retain an independent consultant to conduct a comprehensive review of its relevant policies, systems, procedures and training; to submit proposed new clearing agreements to FINRA for approval while the consultant conducts its review; and for one year, submit certifications from its Chief Executive Officer and Chief Financial Officer stating that each has reviewed the firm's customer reserve and net capital computations for accuracy prior to submission.

BM&FBOVESPA Announces The 2nd Preview For Ibovespa And Other Indices, Valid From January To April 2014

Date 16/12/2013

BM&FBOVESPA announces the second preview for the BOVESPA Index theoretical portfolio, which will be valid for the period of January 06, 2014 to May 02, 2014, based on the closing of the December 13, 2013 session. The preview records the entrance of BBSEGURIDADE ON (BBSE3 ON), ECORODOVIAS ON (ECOR3), ESTACIO PART ON (ESTC3), EVEN ON (EVEN3) and QUALCORP ON (QUAL3), totaling 72 stocks from 68 companies.

U.S. Federal Reserve Chairman Ben S. Bernanke At The Ceremony Commemorating The Centennial Of The Federal Reserve Act, Washington, D.C., Concluding Remarks

Date 16/12/2013

I have been asked to close this ceremony marking the 100th anniversary of the signing of the Federal Reserve Act--the law that created the Federal Reserve--by looking ahead to the next century. Given the well-known difficulties that economists have in forecasting even the next few quarters, I will happily point out one important advantage in making a 100-year forecast, which is that I won't be around to explain why the forecast went wrong. Our ability to make accurate long-term forecasts is limited, to say the least. Nevertheless, I will venture one prediction that I don't think is too bold, which is this: The values that have sustained and served the Federal Reserve at its best, and have permitted it to make critical contributions to the economic health of our nation during the past century, will continue to serve it and the nation well in the century ahead.

CFTC Announces Sayee Srinivasan As The Acting Chief Economist

Date 16/12/2013

U.S. Commodity Futures Trading Commission (CFTC or Commission) Chairman Gary Gensler today announced that Sayee Srinivasan has been named Acting Chief Economist.