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SEC Charges Bank Executives in Nebraska With Understating Losses During Financial Crisis

Date 25/09/2012

The Securities and Exchange Commission today charged three former bank executives in Nebraska for participating in a scheme to understate millions of dollars in losses and mislead investors and federal regulators at the height of the financial crisis. One of the executives and his son also are charged with insider trading.
CFTC Charges Wisconsin Resident Eric N. Schmickle And His Company, Q Wealth Management Inc., With Operating A $5.3 Million Commodity Futures Fraud

Date 25/09/2012

The U.S. Commodity Futures Trading Commission (CFTC) today announced that it filed a civil enforcement action against Cedarburg, Wisconsin resident Eric N. Schmickle and his company,Q Wealth Management Inc. The CFTC complaint charges Schmickle and Q Wealth Management with operating a commodity futures Ponzi scheme. The complaint alleges that the defendants made misrepresentations to induce investment, misappropriated customer funds, and created and sent false account statements, invoices for commission, and tax forms.
Steven Maijoor, Chair Of ESMA, Spoke At The EFAMA Investment Management Forum

Date 25/09/2012

Please click here to download the speech given today by Steven Maijoor, at the EFAMA Investment Managment Forum 2012, in Brussels.
FINRA Joins Exchanges And The SEC In Fining Hold Brothers More Than $5.9 Million For Manipulative Trading, Anti-Money Laundering, And Other Violations

Date 25/09/2012

The Financial Industry Regulatory Authority (FINRA), along with NYSE Arca, Inc., The NASDAQ Stock Market LLC, NASDAQ OMX BX, Inc., and BATS Exchange, Inc. today announced that they have censured and fined Hold Brothers On-Line Investment Services, LLC $3.4 million for manipulative trading activities, anti-money laundering (AML), and other violations. In a related case, the Securities and Exchange Commission (SEC) today announced a settlement with Hold Brothers, fining the firm more than $2.5 million.
SEC Charges N.Y.-Based Brokerage Firm With Layering

Date 25/09/2012

The Securities and Exchange Commission today charged a New York-based brokerage firm and three executives for allowing traders outside the U.S. to access the markets and conduct manipulative trading through accounts the firm controlled.

CFTC Seeks To Revoke Registrations Of Victor E. Cilli And His Company Progressive Investment Funds, LLC

Date 25/09/2012

The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of a notice of intent to revoke the registrations of Victor E. Cilli and Progressive Investment Funds, LLC(PIF). PIF, based in Hackensack, N.J., is a registered Commodity Pool Operator. Cilli is a New Jersey resident registered as an Associated Person of PIF and is PIF’s sole principal.
TMX Group Names James Oosterbaan To Head NGX

Date 25/09/2012

TMX Group Limited today announced the appointment of James Oosterbaan as President of Natural Gas Exchange Inc. (NGX). NGX, a wholly-owned subsidiary of TMX Group, provides electronic trading, central counterparty clearing and data services to the North American natural gas and electricity markets. Mr. Oosterbaan will assume this position on November 1, 2012 and will be based in Calgary, Alberta.
ESMA Publishes A Q&A On KIID For UCITS

Date 25/09/2012

The purpose of this document is to promote common supervisory approaches and practices in the application of the UCITS Directive and its implementing measures. It does this by providing responses to questions posed by the general public and competent authorities in relation to the practical application of the UCITS framework.
FTSE Announces Annual Country Classification Review Results

Date 25/09/2012

This year’s annual FTSE Country Classification Review has been completed by the independent FTSE Country Classification Committee, and their recommended changes have been ratified by the FTSE Policy Group. As a result of the review all country classifications remain unchanged. Two countries – Argentina and Mongolia – have been added to the Watch List for further assessment in the next annual review.
iTB Launches Platform Connecting Institutional Investors To Fixed Income Trading Venues - iTBconnect Offers Single Point Access To Improve Liquidity And Trading Efficiency

Date 25/09/2012

iTB Holdings Inc, a leading software provider for institutional fixed income traders, today announced the launch of iTBconnect, a new platform that connects institutional investors to the electronic fixed income trading venues of their choice. iTBconnect provides clients with the ability to access multiple fixed income venues through one customizable interface or API, resulting in increased liquidity, higher trading volumes, and improved workflow efficiency.