News Centre

FIA Announces Hiring Of Dawn Stump As Head Of Government Affairs

Date 23/08/2012

The Futures Industry Association is pleased to announce that Dawn Stump will join the association as senior vice president and head of government affairs, starting Sept. 10. In this newly created position, Stump will lead and coordinate FIA’s relations with Congress and participate in the development and implementation of FIA’s legislative and regulatory strategy.

Financial Services Firms Must Have Trustworthy Outsourcing Partners

Date 23/08/2012

With data particularly sensitive to businesses in the financial services sector and with high profile IT failures taking place recently, the issue of trust is vital as businesses move to the cloud. 

Statement At SEC Open Meeting By Commissioner Elisse B. Walter

Date 23/08/2012

Thank you, Chairman Schapiro.

Next, we will consider adoption of final rules to implement Section 1504 of the Dodd-Frank Act. Section 1504 added Section 13(q) to the Exchange Act, which requires the Commission to issue final rules that require each resource extraction issuer to include in an annual report information relating to any payment made by the resource extraction issuer, a subsidiary of the resource extraction issuer, or an entity under the control of the resource extraction issuer to a foreign government or the Federal Government for the purpose of the commercial development of oil, natural gas, or minerals.

CFTC Charges Illinois Resident Donald A. Newell And His Company, Quiddity, LLC, With Running A Fraudulent Allocation Scheme, Making Material False Statements To The CFTC, And Recordkeeping Violations

Date 23/08/2012

The U.S. Commodity Futures Trading Commission (CFTC) today filed a federal civil enforcement action charging defendants Donald A. Newell of Glenview, Ill., and his Chicago-based company, Quiddity, LLC, with engaging in a scheme that fraudulently allocated commodity futures and options trades to benefit a corporate proprietary account, at the expense of customer accounts managed and traded by Quiddity. Newell owns and controls Quiddity and is a registered Associated Person of Quiddity, which is a registered Commodity Pool Operator and Commodity Trading Advisor.

Financial Firms Support CIFT’s Assessment Of HRC Role In Market Stability

Date 23/08/2012

The Center for Innovative Financial Technology (CIFT) at Lawrence Berkeley National Laboratory has received $100,000 in research donations to study and promote the use of leading edge supercomputing and data intensive science for improving stability, regulation, and enforcement in U.S. markets.

Opening Remarks Regarding The Adoption Of Final Rules For Conflict Minerals By SEC Commissioner Elisse B. Walter

Date 23/08/2012

Earlier this year, in discussing regulations under Title VII of the Dodd Frank Act, I highlighted the 5 W’s – who, what, where, when, and why. I continue to think that these basic inquiries can be useful guides for regulators, helping us to focus on the questions we need to answer when adopting regulations and guidance. This is equally true for the regulations under Title XV before us today.

Citigroup Not Happy With Nasdaq's Facebook Compensation Plan

Date 23/08/2012

Citigroup is not happy with Nasdaq OMX Group Inc's plan to compensate firms affected byFacebook's ill-starred IPO.

Statement At SEC Open Meeting By Commissioner Elisse B. Walter, U.S. Securities And Exchange Commission

Date 23/08/2012

Next, we will consider adoption of final rules to implement Section 1504 of  the Dodd-Frank Act. Section 1504 added Section 13(q) to the Exchange Act, which  requires the Commission to issue final rules that require each resource  extraction issuer to include in an annual report information relating to any  payment made by the resource extraction issuer, a subsidiary of the resource  extraction issuer, or an entity under the control of the resource extraction  issuer to a foreign government or the Federal Government for the purpose of the  commercial development of oil, natural gas, or minerals.

Opening Remarks Regarding The Adoption Of Final Rules For Conflict Minerals By Commissioner Elisse B. Walter, U.S. Securities And Exchange Commission

Date 23/08/2012

Earlier this year, in discussing regulations under Title VII of the Dodd  Frank Act, I highlighted the 5 W’s – who, what, where, when, and why. I continue  to think that these basic inquiries can be useful guides for regulators, helping  us to focus on the questions we need to answer when adopting regulations and  guidance. This is equally true for the regulations under Title XV before us  today.

SGX Statement - SGX Files Report On MF Global Singapore With MAS And Liquidators

Date 23/08/2012

On 22 August 2012, Singapore Exchange Derivatives Clearing Limited (“SGX-DC”) completed its proceedings with MF Global Singapore Pte. Limited (“MFGS”) by filing a report to the Monetary Authority of Singapore and Messrs Chay Fook Yuen, Bob Yap Cheng Ghee and Tay Puay Cheng, in their capacities as the liquidators of MFGS.