News Centre

Comments By European Commission Vice-President Olli Rehn On The Publication Of Spanish Structural Reform Plan

Date 27/09/2012

"The comprehensive reform plan announced today by the Spanish authorities is a major step to broaden and deepen structural reforms, building on important achievements made already. The reform plan includes concrete, ambitious and well-focused measures and establishes clear deadlines in many areas."

SEC Issues Report On Brokerage Firms' Handling Of Confidential Information

Date 27/09/2012

The Securities and Exchange Commission today issued a staff report intended to help broker-dealers safeguard confidential information from misuse, such as insider trading. The report by the Office of Compliance Inspections and Examinations (OCIE) describes strengths and weaknesses identified in examinations into how broker-dealers keep material nonpublic information from being misused.

Remarks By Finra Chairman And CEO Richard G. Ketchum From The SIFMA Complex Products Forum

Date 27/09/2012

Good morning, and thank you, John [Maurello], for the introduction and invitation to join you here today.

I'm pleased to have this opportunity to talk to you about complex products in the retail market. Complex products have grown in importance as retail customers search for yield and firms look for innovative products to meet this demand and generate revenue. Firms and regulators have had a long and, pardon the pun, complex relationship with these products. We've been talking about the evolution and regulation of complex products for many years. While our discussions may have intensified recently in the current low-yield environment, I recall similar conversations as early as the 1970s, when I was at the SEC.

Program Trading Averaged 48.6 Percent Of NYSE Volume During Sept. 17-21

Date 27/09/2012

The New York Stock Exchange, a subsidiary of NYSE Euronext (NYX), today released  its weekly program-trading data compiled from member firms' executed volume from  NYSE's orders database. The report includes trading on the NYSE for Sept. 17-21.

CFTC: Florida Federal Court Orders Claudio Aliaga And His Company, CMA Capital Management, LLC, To Pay $5.5 Million In Penalties And Restitution For Operating A Forex Ponzi Scheme

Date 27/09/2012

The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained a judgment for $5.5 million in restitution and civil monetary penalties against Claudio Aliaga and CMA Capital Management, LLC (CMA), of Miami Lakes, Florida, to settle an action charging defendants with operating a Ponzi scheme involving the fraudulent solicitation of at least $4.5 million from at least 125 individuals to invest in foreign currency (forex) managed accounts and/or a pooled investment (see CFTC Press Release 5807-10, April 12, 2010).

NYSE Euronext Announces Pricing Of Tender Offer For Any And All Of Its 4.80% Notes Due 2013

Date 27/09/2012

NYSE Euronext (NYX) (the "Company") today announced that it has priced its cash tender offer (the "Offer") to purchase any and all of its outstanding 4.80%  Notes due 2013 (the "Notes") pursuant to the previously announced Offer.

WFE Reaffirms Support Of Regulatory Action In Global Derivatives Market Following Publication Of New Study

Date 27/09/2012

Leaders from the World Federation of Exchanges (WFE) have re-emphasized their support of regulatory action in the global derivatives market on the occasion of the publication of a new study commissioned by the WFE to examine the state of over-the-counter (OTC) and exchange-traded derivatives.  The report describes how regulatory reform is resulting in significant shifts in product selection across the global risk transfer market.

SEC Charges Goldman Sachs And Former Vice President In Pay-To-Play Probe Involving Contributions To Former Massachusetts State Treasurer

Date 27/09/2012

The SEC adopted new measures in June 2010 to significantly curtail the corrupting influence of pay-to-play practices by investment advisers.

CFTC Orders Australia And New Zealand Banking Group Ltd. To Pay $350,000 Penalty For Violating Wheat And Cotton Futures Speculative Position Limits

Date 27/09/2012

The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing and simultaneous settlement of charges against Australia and New Zealand Banking Group Ltd. (ANZ), an Australia-based financial services company, for exceeding speculative position limits in wheat and cotton futures contracts in trading on the Chicago Board of Trade and the IntercontinentalExchange U.S. (ICE Futures US). The CFTC order requires ANZ to pay a $350,000 civil monetary penalty and cease and desist from further violations of the position limits provisions of the Commodity Exchange Act and CFTC regulations.

FINRA Issues New Investor Alert: When Trading Stops: What You Need To Know About Halts, Suspensions And Other Interruptions

Date 27/09/2012

The Financial Industry Regulatory Authority (FINRA) today issued a new Investor Alert called When Trading Stops: What You Need to Know About Halts, Suspensions and Other Interruptions. While trading in most stocks takes place without interruption, FINRA's new Alert explains how, when and why interruptions in trading occur, and discusses both what brokers are required to do and what investors should do in these situations.