News Centre

FINRA Marks Fifth Anniversary

Date 30/07/2012

The Financial Industry Regulatory Authority (FINRA) today marked its five-year anniversary since it was created in 2007 by the consolidation of NASD and the member regulation, enforcement and arbitration operations of the New York Stock Exchange. During that time, FINRA has launched key strategic initiatives and made significant operational changes to increase its focus on fraud detection and bring more transparency to the markets and investors.

CFTC Charges California Resident Victor Yu and His Company, VFRS, LLC, with Multi-Million Dollar Forex Fraud and Failure to Register As A Commodity Trading Advisor - Federal Court Issues Order Freezing Defendants’ Assets And Protecting Books And Records

Date 30/07/2012

The U.S. Commodity Futures Trading Commission (CFTC) today announced that on July 27, 2012, The Honorable Yvonne Gonzalez Rogers of the U.S. District Court for the Northern District of California entered an emergency order freezing the assets of defendants Victor Yu (Yu) of San Jose, Calif., and his company, VFRS, LLC (VFRS), based in Alameda, Calif.  The court’s order also prohibits the destruction or alteration of books and records, and grants the CFTC immediate access to such documents.  The judge set a hearing on the CFTC’s motion for a preliminary injunction for August 10, 2012.

U.S. Treasury Announces Marketable Borrowing Estimates

Date 30/07/2012

The U.S. Department of the Treasury today announced its current estimates of net marketable borrowing for the July – September 2012 and October – December 2012 quarters:

• During the July – September 2012 quarter, Treasury expects to issue $276 billion in net marketable debt, assuming an end-of-September cash balance of $60 billion.  This borrowing estimate is $12 billion higher than announced in April 2012.  The increase is primarily due to lower receipts, higher outlays, redemptions of portfolio holdings by the Federal Reserve System, and higher issuances of State and Local Government securities.
• During the October – December 2012 quarter, Treasury expects to issue $316 billion in net marketable debt, assuming an end-of-December cash balance of $40 billion.

BM&FBOVESPA Posts Record 1,110,540 Equity Market Trades

Date 30/07/2012

BM&FBOVESPA reached an all-time record today in its equity markets. There were 1,110,540 trades in the BOVESPA segment (equities). The previous record was 1,092,368 on August 09, 2011.

CFTC Charges California Resident Victor Yu And His Company, VFRS, LLC, With Multi-Million Dollar Forex Fraud And Failure To Register As A Commodity Trading Advisor - Federal Court Issues Order Freezing Defendants’ Assets And Protecting Books And Records

Date 30/07/2012

The U.S. Commodity Futures Trading Commission (CFTC) today announced that on July 27, 2012, The Honorable Yvonne Gonzalez Rogers of the U.S. District Court for the Northern District of California entered an emergency order freezing the assets of defendants Victor Yu (Yu) of San Jose, Calif., and his company, VFRS, LLC (VFRS), based in Alameda, Calif. The court’s order also prohibits the destruction or alteration of books and records, and grants the CFTC immediate access to such documents. The judge set a hearing on the CFTC’s motion for a preliminary injunction for August 10, 2012.

SEC Charges N.Y.-Based Fund Manager And Others With Securities Law Violations Related To Chinese Reverse Merger Company

Date 30/07/2012

The Securities and Exchange Commission today charged New York-based investment manager Peter Siris and two of his firms with a host of securities law violations mostly related to his activities with a Chinese reverse merger company, China Yingxia International Inc.

MGEX Releases Apple Juice Concentrate Regulations, Manual And Warehouse Receipt

Date 30/07/2012

MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), announces the public availability of the Regulations, Manual and a sample Negotiable Warehouse Receipt for the new Apple Juice Concentrate (AJC) Futures and Options contract.  The AJC contract launches on August 13, 2012.   

U.S. Treasury Secretary Timothy Geithner And German Finance Minister Wolfgang Schäuble - Call For A Continuation Of Global And European Reform Efforts

Date 30/07/2012

The U.S. Department of the Treasury, in conjunction with the German Finance Ministry, today released the following joint statement at the conclusion of Secretary Timothy Geithner’s meeting with German Finance Minister Wolfgang Schäuble:

“Timothy Geithner and Wolfgang Schäuble today met on the island of Sylt to use the informal atmosphere for an open exchange of views on global, U.S. and European economies. They emphasized the need for ongoing international cooperation and coordination to achieve sustainable public finances, reduce global macroeconomic imbalances, and restore growth."

SIX Swiss Exchange: Internationalisation Of SLS

Date 30/07/2012

As of today, the unique SIX Swiss Exchange Liquidnet Service offers trading participants access to more than twice as many markets as before.

EMIR - Information On The Deadline For Joint Draft Regulatory Technical Standards On Risk Mitigation Techniques For OTC Derivatives Contracts Not Cleared By A CCP

Date 30/07/2012

On 7 June 2012, the Joint Committee of the European Supervisory Authorities (ESAs) addressed a request to the European Commission for a postponement of the deadline for the submission of the joint draft regulatory technical standards (RTS) on risk mitigation techniques for OTC derivatives contracts not cleared by a CCP (mainly related to margins for bilateral transactions).