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CFTC Charges Melody Nganthuy Phan Of California And Her Companies, My Forex Planet, Inc., Wal Capital, S.A., And Top Global Capital, Inc., With Operating A Fraudulent $3.7 Million Off-Exchange Forex Scheme - The CFTC Also Charges Melody Nganthuy Phan With Fraud By An Unregistered Commodity Pool Operator

Date 27/02/2014

The US Commodity Futures Trading Commission (CFTC) filed a civil enforcement action charging Defendants Melody Nganthuy Phan (Phan) of California and her companies, My Forex Planet, Inc. (MFP), Wal Capital, S.A. (Wal Capital), and Top Global Capital, Inc. (TGC) with operating a fraudulent off-exchange foreign currency (forex) scheme. The CFTC Complaint also charges Phan with fraud by an unregistered commodity pool operator. The scheme allegedly fraudulently solicited at least $3,764,214 from over 174 customers and misappropriated customer funds in an effort to perpetuate the fraud.

Federal Reserve Board Announces 30-Day Comment Period Extension For Proposed Rulemaking Regarding Physical Commodity Activities Conducted By Financial Holding Companies

Date 27/02/2014

The public will have an additional 30 days to comment on an advance notice of proposed rulemaking regarding physical commodity activities conducted by financial holding companies, the Federal Reserve Board said Thursday. Comments are now due April 16, 2014.

Statement Of Dissent By CFTC Commissioner Scott D. O’Malia, Fiscal Year 2014 Spending Plan

Date 27/02/2014

I respectfully dissent from the Commodity Futures Trading Commission’s (“Commission”) fiscal year (“FY”) 2014 spending plan. I would first like to note that this spending plan is a major change in course from the current and past budget requests. Unlike previous budget requests that exclusively focused on the expansion of federal hires at the expense of supporting the Commission’s hard working staff, this spending plan increases focus on Commission staff by providing them with increases to their compensation and benefits. Such a change in direction will prevent the Commission from falling even further behind other Financial Institutions Reform, Recovery and Enforcement Act of 1989 (“FIRREA”) agencies.1 Whether this is a lasting change in the Commission’s budgetary objectives remains unclear.

Statement Of Dissent By CFTC Commissioner Scott D. O’Malia, Fiscal Year 2015 Budget Submission

Date 27/02/2014

While I respectfully dissent on this budget submission, I do support increases in the Commission’s budget that are tied to a strategic plan that identifies a five-year investment strategy and makes technology a top priority.  However, with the strategic plan still incomplete and no documents to guide the Commission on its technology and workforce investment strategy, I cannot endorse this budget recommendation for FY 2015.

CalPERS Board Committee Chairs And Vice Chairs Chosen

Date 27/02/2014

The California Public Employees’ Retirement System (CalPERS) Board of Administration has elected the following chairs and vice chairs of key board committees:

• Investment Committee – Henry Jones, Chair; George Diehr, Vice Chair

NASDAQ OMX Global Indexes Named "Most Innovative Index Provider"- Chosen By The Readers Of ETF Express

Date 27/02/2014

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) the market leading provider of innovative, transparent indexes, has been named "Most Innovative Index Provider" by ETF Express. Award winners were chosen based on votes cast by readers of ETF Express, which includes investors, fund managers, fund administrators, custodians, advisers, and distributors.

Euronext: GTT Is First Major Listing In Paris In 2014 - B€621 Million Raised With Market Capitalisation At €1.7 Billion

Date 27/02/2014

Euronext, a wholly owned subsidiary of IntercontinentalExchange Group (NYSE: ICE), today celebrated the successful listing of GTT (Gaztransport & Technigaz), the world leader in cryogenic membrane containment systems used in the shipbuilding industry for the transport of liquefied natural gas (LNG). GTT was listed in compartment A of the regulated market in Paris.

BME To Submit To The General Shareholders´Meeting The Distribution Of €0.65 Supplementary Dividend - It Increases Ordinary Dividend By 3%

Date 27/02/2014

BME will submit to the General Shareholders’ Meeting for approval the distribution of a gross €0.65 per share supplementary dividend, €0.5135 net, to be effective on 9 May.

EEX Adjusts Auction Calendar For 2014

Date 27/02/2014

Pursuant to the back-loading decision by the Council of the EU and the European parliament, the regulation (EU) No. 1031/2010 (Auction Regulation) was accordingly amended on 27 February 2014. Against this backdrop, European Energy Exchange (EEX) has now, in close consultation with the European Commission and the participating Member States as well as with the German and Polish authorities in charge, updated the 2014 auction calendar for EU allowances (EUA) of the third trading period.

TheCityUK Responds To Angela Merkel’s Speech

Date 27/02/2014

TheCityUK strongly supports Chancellor Merkel’s comment today that the UK should remain at the heart of the EU. Speaking in the Palace of Westminster, she said: “We need a strong UK with a strong voice inside the EU.”