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New York Attorney General Eric T. Schneidermanannounces Former CEO Kenneth Lewis Barred For 3 Years From Serving As Officer Or Director Of Any Public Company - $25 Million Settlement With Bank Of America And Former CEO Kenneth Lewis For Allegedly Concealing And Misrepresenting Material Financial Forecasts While Seeking A Merger With Merrill Lynch In 2008 - Bank Of America Also Agrees To Corporate Governance Reforms - Attorney General Will Continue To Pursue Its Claims Of Fraud Against Bank’s Former Chief Financial Officer Joe L. Price

Date 26/03/2014

Attorney General Eric T. Schneiderman today announced a $25 million settlement with Bank of America Corporation and its former Chairman and Chief Executive Officer, Kenneth D. Lewis, regarding the bank’s actions as it sought to merge with Merrill Lynch & Co in 2008. Despite its top executives’ specific knowledge of mounting losses at Merrill Lynch that were forecast at more than $9 billion, Bank of America failed to disclose that information to shareholders prior to their vote on a proposed merger with Merrill Lynch. The Attorney General also alleged that the Bank’s former CEO and CFO, Kenneth Lewis and Joe Price, misrepresented to shareholders the impact that the merger with Merrill would have on Bank of America’s future earnings. The barring of Mr. Lewis from serving as an officer or director of a public company for three years, as well as the payment of $10 million to the State of New York, represents one of the first successful attempts by law enforcement to hold accountable a CEO or individual at a major institution since the financial crisis.

Canadian Securities Regulators Propose Pre-Sale Delivery Of Fund Facts For Mutual Funds

Date 26/03/2014

The Canadian Securities Administrators (CSA) today published for a second comment period, proposed amendments to National Instrument 81-101 Mutual Fund Prospectus Disclosure (NI 81-101), which would require a Fund Facts document to be delivered to investors before they buy a mutual fund.

The Egyptian Exchange (EGX) Monthly Statistical Report February 2014

Date 26/03/2014

Opening Statement At SEC Roundtable On Cybersecurity By SEC Chair Mary Jo White

Date 26/03/2014

Good morning.  Welcome to today’s roundtable on cybersecurity.

ESMA Publishes Q&As On EuSEF And EuVECA Regulations

Date 26/03/2014

The European Securities and Markets Authority (ESMA) has published Questions and Answers  on the Application of the European Social Entrepreneurship Funds (EuSEF) and European Venture Capital Funds (EuVECA) Regulations.

5 New Firms Join MARF As Members And 3 As Registered Advisers

Date 26/03/2014

MARF – the Spanish alternative fixed income market operated by BME has incorporated, over the last few weeks, five new Members: Auriga, Bekafinance, Norbolsa, CaixaBank and Banca March and three new Registered Advisers: VGM Advisory Partners, Auriga and Banca March; therefore it already has 16 Members and 14 Registered Advisers.

Fisher Investments Opens Branch Office In Dubai

Date 26/03/2014

Fisher Asset Management, LLC, trading as Fisher Investments, recently opened a new branch office in Dubai International Financial Centre (DIFC). The new office will enable Fisher Investments to engage prospective clients in DIFC and the region.

HM Treasury: UK Financial Investments (UKFI) Advises Chancellor To Sell Another Part Of The Government’s Shareholding In Lloyds Banking Group

Date 26/03/2014

UK Financial Investments yesterday advised the Chancellor it would be appropriate to sell another part of the government’s shareholding in Lloyds Banking Group.

New CISI Publication Dedicated To Research Into Wealth Management, Capital Markets And Banking

Date 26/03/2014

The CISI has announced the first edition of its new academic journal, Review of Financial Markets.

IFC Opens London Markets To Commemorate First London-Listed Renminbi Bond

Date 26/03/2014

IFC Executive Vice President and CEO Jin-Yong Cai today rang the opening bell on the London Stock Exchange to commemorate the Corporation's first London-listed renminbi bonds. IFC, a member of the World Bank Group, raised 2 billion renminbi from a range of international investors through the bond offering earlier this month, signaling continued confidence in the outlook for the Chinese currency.