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CFTC Charges Grahame Rhodes Of Missouri With Fraud, Misappropriation, And Commingling Funds In Multi-Million Dollar Commodity Pool Ponzi Scheme

Date 19/09/2012

The U.S. Commodity Futures Trading Commission (CFTC) today filed a federal civil enforcement action in the U.S. District Court for the Eastern District of Missouri, Eastern Division, charging Grahame Rhodes of St. Louis, Missouri, with fraud in connection with operating a decade-long, multi-million dollar commodity pool Ponzi scheme. Rhodes has never been registered with the CFTC in any capacity.
Deutsche Börse: Unscheduled Component Change Made To SDAX - Schuler AG To Be Replaced By SMT Scharf AG On September 24

Date 19/09/2012

Deutsche Börse today announced an unscheduled component change to the SDAX. Schuler AG will be replaced by SMT Scharf AG in the index. Due to the takeover of Schuler AG by Andritz Beteiligungsgesellschaft, the company’s free float has dropped below 10 percent, making it ineligible for inclusion in the index.
CFTC Charges Australian Resident Senen Pousa, U.S. Resident Joel Friant, And Their Company, Investment Intelligence Corp., With Operating A Fraudulent $53 Million Worldwide Off-Exchange Forex Scheme, And Texas-Based Michael Dillard And Elevation Group, Inc. With Registration Violations - Investment Intelligence Does Business As ProphetMax Managed FX - Federal Court Issues Order Freezing Assets Of Defendants Pousa, Friant, And Investment Intelligence, And Prohibiting Destruction Of Books And Records

Date 19/09/2012

The U.S. Commodity Futures Trading Commission (CFTC) filed a civil enforcement action charging Senen Pousa of Australia, Joel Friant of Bellingham, Wash., and their company, Investment Intelligence Corporation (IIC), an Australian corporation, with operating a fraudulent off-exchange foreign currency (forex) scheme. The complaint also charges Michael Dillard and Elevation Group, Inc., both of Austin, Texas, with registration violations. The scheme allegedly accepted at least $53 million from at least 960 clients worldwide, including at least 697 clients in the United States, and clients in Australia, the United Kingdom, Canada, Germany, the Netherlands, and Singapore, among other countries. None of the defendants has ever been registered with the CFTC.
European Parliament: Bank Crisis Resolution And ECB Mandate: Opening Salvoes

Date 19/09/2012

Draft EU bank crisis resolution legislation must reflect recent thinking on a banking union, and the European Central Bank's mandate could be overhauled to match the new position of the institution, said Economic and Monetary Affairs Committee MEPs on Wednesday, in opening debates on these issues.
BATM Advanced Communications Limited Dual Listing On The TASE

Date 19/09/2012

BATM Advanced Communications Limited (LSE: BVC), a leading provider of real-time technologies for the networked telecoms and medical laboratory equipment markets, is pleased to announce that the ordinary shares of the Company have been approved for listing on the Tel Aviv Stock Exchange (“TASE”) under the symbol “BATM”. Trading is scheduled to commence on 19 September 2012.

SEC Charges Atlanta-Based Adviser With Operating Ponzi-Like Scheme Involving Private Investment Funds

Date 19/09/2012

The Securities and Exchange Commission today announced charges against a private fund manager and his Atlanta-based investment advisory firm for defrauding investors in a purported “fund-of-funds” and then trying to hide trading losses by creating new private funds to make money to pay back the original fund investors in Ponzi-like fashion.
Steven Maijoor, Chair Of ESMA, Spoke At The AFME Roundtable In Brussels On 18 September 2012

Date 19/09/2012

To view the speech, please click here.
EDI Launches A New Adjusted Pricing Service

Date 19/09/2012

London-based financial provider, Exchange Data International (EDI), today announced the launch of its new adjusted price feed service to complement its existing end-of-day pricing offering.
ESMA Chair Speaking At ECON Today

Date 19/09/2012

At 16.30 today, the three Chairs of ESMA, EBA and EIOPA will be speaking at a hearing in the ECON committee of the European Parliament. This hearing normally takes place annually, and is part of ESMA’s accountability vis-à-vis the European Parliament.
KTG Energie AG Plans Bond In Entry Standard - Subscription Period 19 September – 27 September 2012

Date 19/09/2012

KTG Energie AG is planning a corporate bond in Deutsche Börse’s Entry Standard. The bond, which has the ISIN DE000A1ML257, can be subscribed until 27 September. It has a volume of up to €25 million, runs until September 2018 and has an interest rate of 7.25 percent. The nominal denomination is €1,000.