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CFTC Orders R.J. O’Brien & Associates LLC To Pay $125,000 For Violation Of Customer Protection Regulation - RJO Unlawfully Commingled Secured Foreign Futures And Options Customer Funds With Segregated Domestic Futures And Options Customer Funds
Date 27/09/2013
The U.S. Commodity Futures Trading Commission (CFTC) today issued an order filing and settling charges against R.J. O’Brien & Associates LLC (RJO), a CFTC-registered Futures Commission Merchant (FCM) based in Chicago, Illinois, for unlawfully commingling secured foreign futures and options customer funds with segregated domestic futures and options customer funds. The CFTC Order requires RJO to pay a $125,000 civil monetary penalty and orders RJO to cease and desist from further violations of CFTC Regulation 30.7(d).
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Matthew Solomon Named SEC Chief Litigation Counsel
Date 27/09/2013
The Securities and Exchange Commission today announced that Matthew C. Solomon will be promoted to the position of Chief Litigation Counsel in the Division of Enforcement next month.
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CME Group Inc. Announces Date Of Third-Quarter 2013 Earnings Release, Conference Call
Date 27/09/2013
CME Group Inc. will announce earnings for the third quarter of 2013 before the markets open on Monday, November 4, 2013. The company has scheduled an investor conference call that day at 7:30 a.m. Central time.
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CFTC Commitments Of Traders Reports Update
Date 27/09/2013
The current reports for the week of September 24, 2013 are now available.
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“Reasonable” - Statement Of CFTC Commissioner Bart Chilton
Date 27/09/2013
Wednesday, October 2 is an important day. It is the day that the Part 37 Swaps Execution Facility (SEF) Rules are effective, and that Commission Regulations Parts 43 and 45 reporting rules for SEFs reporting transaction data to swaps data repositories (SDRs) go into effect. SEFs are to be ready to “go live,” and have numerous required legal and technological documentation in place with SDRs, derivatives clearing organizations, and customers.
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Direct Edge Fee Schedule Changes For October
Date 27/09/2013
Effective Tuesday, October 1, 2013, Direct Edge® will introduce the following pricing changes on the EDGX ExchangeSM (EDGX®), pending filing with the Securities and Exchange Commission (SEC).
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Taper Surprise: Investors Become More Defensive On European Equities After FOMC Postponed Policy Shift Dialogue On Sept. 18, According To Russell Indexes
Date 27/09/2013
Defensive-oriented stocks in Europe have bounced back since Federal Reserve Chairman Ben Bernanke recently announced the decision to continue its historic bond buying program. After gravitating toward more dynamic-oriented stocks and moving away from defensive-oriented stocks when Bernanke first discussed tapering on May 22, in the past week investors appear to have moved back into defensive-oriented European stocks and sectors, as illustrated by the Russell Indexes.
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Thomson Reuters/University Of Michigan: Policy Uncertainty Dims Consumer Confidence
Date 27/09/2013
Confidence fell in September as consumers were more likely to anticipate a slower pace of economic growth, fewer job opportunities, and less favorable personal financial prospects. While few consumers expected a federal shutdown, complaints about the economic policies of the government have risen. Indeed, spontaneous negative references to the government’s policies were twice as high as three months ago, although still below the levels recorded during last December’s fiscal cliffhanger. Moreover, despite the unexpected delay in tapering by the Federal Reserve, two-thirds of all consumers expect higher interest rates in the year ahead. Unless diminished by the dysfunction in DC, confidence is sufficiently positive to support a 2.5% growth rate in consumption.
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TOM MTF Statistics Week 39, 2013
Date 27/09/2013
Click here to download the weekly statistics update of TOM MTF for week 39, 2013.
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CFTC Orders Vision Financial Markets LLC To Pay A $525,000 Penalty For Violations Of Customer Fund Segregation Requirements, Failure To Notify The CFTC Of Its Under-Segregation, And Misstatements To The CFTC
Date 27/09/2013
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Vision Financial Markets LLC (Vision), for failing to segregate commodity and options customer funds, failing to notify the CFTC and Vision’s designated self-regulatory organization (DSRO) of its under-segregation, and making misstatements to the CFTC about the location and manner in which the customer funds were being held. Vision is registered with the CFTC as a Futures Commission Merchant and with the Securities and Exchange Commission as a broker-dealer.
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