News Centre

Finansinspektionen (FI) Swedish Financial Supervisory - ICA Banken AB Receives A Remark

Date 26/06/2013

ICA Banken AB did not report to Finansinspektionen (FI) that the Bank had a new owner, which it is obligated to do. As a result of this breach, the Bank is receiving a remark.

Statement By European Commissioner Michel Barnier Following Today's Agreement On European Rules On Market Abuse

Date 26/06/2013

I welcome today's endorsement by Coreper of the political agreement between the Council and the European Parliament on tougher rules to better prevent, detect and punish market abuse. While key elements of the scope of the Market Abuse Regulation will need to be aligned with the political agreement on our related MIFID 2 proposals, it's my belief that we now have all the elements for a final agreement on this text which is essential for market integrity in Europe.

UK’s Financial Conduct Authority Sponsors London Stock Exchange As A Pre-Local Operating Unit

Date 26/06/2013

• London Stock Exchange will assign interim Legal Entity Identifiers 
• Interim Entity Identifier codes  will satisfy new reporting requirements under EMIR 
• UnaVista expected to start allocating new IEI codes from July 2013

Knight Capital Group And GETCO Announce Approvals Of Merger At Respective Special Meetings - Regulatory Approvals Of Merger Received From FINRA And FCA - Currently Scheduled Closing Date Of July 1, 2013 - Preliminary Results Of Knight Stockholder Cash/Stock Election

Date 26/06/2013

Knight Capital Group, Inc. (NYSE Euronext: KCG) ("Knight") and GETCO Holding Company, LLC ("GETCO") announced that at the special meetings held yesterday, the companies' respective stockholders and unitholders approved the adoption of the merger agreement dated as of December 19, 2012 and amended and restated as of April 15, 2013 among KCG Holdings, Inc. ("KCG") (formerly known as Knight Holdco, Inc.), Knight, GETCO, and the other parties thereto. In addition, regulatory approvals required under the merger agreement were received from the Financial Industry Regulatory Authority (FINRA) and the UK's Financial Conduct Authority (FCA). The transaction, which remains subject to customary closing conditions, is currently scheduled to close on Monday, July 1, 2013.

FINRA Fines StateTrust Investments $1 Million And Orders $353,000 In Restitution For Charging Unfair Prices In Fraudulent Bond Transactions - Head Trader And Chief Compliance Officer Fined And Suspended

Date 26/06/2013

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined StateTrust Investments, Inc. $1.045 million and sanctioned the firm's head trader, Jose Luis Turnes, for charging excessive markups and markdowns in fraudulent corporate bond transactions. FINRA also ordered StateTrust to pay more than $353,000 in restitution, plus interest, to customers who received unfair prices. In addition, Turnes was suspended for six months and fined $75,000. In a related action in April 2012, Jeffrey Cimbal, StateTrust's Chief Compliance Officer, was fined $20,000 and suspended for five months in a principal capacity for failing to supervise Turnes.

ESMA Seeks New Members For Its Securities Markets Stakeholders Group

Date 26/06/2013

The European Securities and Markets Authority (ESMA) is seeking new members for the Securities and Markets Stakeholder Group (SMSG), as the current members’ term expires at the end of 2013. The SMSG’s aim is to facilitate ESMA’s consultation on its work with relevant securities markets stakeholders from around the European Union (EU).

Federal Court In Colorado Orders Michael Gale To Pay More Than $1.2 Million To Settle Fraud Charges In CFTC Enforcement Action

Date 26/06/2013

The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained a federal court Order against Defendant Michael Gale of Littleton, Colorado, individually and doing business as Capital Management Group, requiring him to pay $479,402.35 in restitution to defrauded customers. The Consent Order of Permanent Injunction, entered on June 25, 2013, by Senior U.S. District Judge John L. Kane of the District of Colorado, also imposes a $750,000 civil monetary penalty.

NYSE And Group Of Issuers Form NYSE Governance Council To Facilitate Ongoing Discussions On Corporate Governance Matters - Comprised Of Governance Experts From The Publicly-Held Company Community - Serves As An Advisory Board To NYSE On Corporate Governance Issues

Date 26/06/2013

The New York Stock Exchange (NYSE) today announced the formation of the NYSE Governance Council to facilitate an open dialog between publicly-held companies and the NYSE on the rapidly evolving and increasingly complex corporate governance landscape.

European Council Sets Out Its Position On Transparency Rules For Investment Products

Date 26/06/2013

The Permanent Representatives Committee agreed today, on behalf of the Council, its position on a draft regulation aimed at improving market transparency for retail investors (11430/13).

European Council Confirms Agreement With European Parliament On Market Abuse Regulation

Date 26/06/2013

The Permanent Representatives Committee approved today, on behalf of the Council, a compromise reached with the European Parliament on a draft regulation aimed at tackling insider dealing and market manipulation on securities markets (11384/13).