News Centre

Matthew Solomon Named Deputy Chief Litigation Counsel In SEC Enforcement Division

Date 12/04/2012

The Securities and Exchange Commission today announced that Matthew C. Solomon has been appointed Deputy Chief Litigation Counsel of the Division of Enforcement, where he will assist in the oversight of the Washington headquarters trial unit as well as trial attorneys in 11 regional offices.

Federal Reserve Governor Sarah Bloom Raskin At The Federal Reserve Bank Of San Francisco Business And Community Leaders Luncheon, Los Angeles, California, April 12, 2012 - Downturns And Recoveries: What The Economies In Los Angeles And The United States Tell Us

Date 12/04/2012

Good afternoon. I appreciate this opportunity to speak with you today.

I'm not sure when you last found yourself in a planetarium. At the start of my most recent visit, I was handed a brochure that said "Sit anywhere. All seats provide equal viewing of the universe." I took the brochure but instead of contemplating the stars, I contemplated my job as a governor on the Federal Reserve Board. And it occurred to me that the brochure was wrong. Completely wrong. All seats do not provide equal viewing of the universe. Some seats are better than others. It's not just that the Big Dipper is clearer than Ursa Minor from certain seats. If you want, for example, to see the economy, you don't necessarily want to always be sitting in Washington. That is not a seat that tells you everything you need to know about the economy. You have to break out, set free, and hightail it out of the Beltway to Los Angeles. It's critical to appropriate policymaking that we get a multidimensional view of the so-called economic universe.

BM&FBOVESPA And São Paulo Municipal Government Give Details For Carbon Credit Auction

Date 12/04/2012

BM&FBOVESPA and the São Paulo Municipal Government inform you of the availability at www.bmfbovespa.com.br/carbonauction andhttp://www.prefeitura.sp.gov.br/cidade/secretarias/financas/servicos/outrosservicos/index.php?p=10374 of Notice of Invitation to Tender nº 001/2012, for a public auction to sell CER Certified Emission Reductions (carbon credits) held by the São Paulo Municipal Government.

CFTC Orders Rosenthal Collins Group, LLC, A Registered Futures Commission Merchant, To Pay More Than $2.5 Million For Supervision And Record-Production Violations

Date 12/04/2012

The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing and simultaneous settlement of charges against Rosenthal Collins Group, LLC (RCG), a Chicago, Ill.-based registered futures commission merchant, for failing to diligently supervise the handling by its officers, employees, and agents of an account held at RCG in the name of Money Market Alternative, LP (MMA). Enrique F. Villalba, of Cuyahoga Falls, Ohio, used the MMA account in a multi-million dollar commodity futures Ponzi scheme. On March 29, 2010, the CFTC sued Villalba and MMA over their fraudulent scheme (see CFTC Press Release 5801-10.)

BM&FBOVESPA And The Santiago Stock Exchange Announce Start Of Derivatives Market Development In Chile - Agreement Signed Today In Santiago Consists Of The Transfer To Chilean Exchange Of BM&FBOVESPA’s Extensive Knowledge And Expertise In Derivatives Markets

Date 12/04/2012

BM&FBOVESPA and the Santiago Stock Exchange (BCS) signed an agreement today (April 12, 2012) that sets out the implementation of the Chilean derivatives market at the Santiago Stock Exchange. The agreement provides for the transfer of derivatives market knowledge from BM&FBOVESPA to the Chilean Exchange, encompassing products such as equity, interest rate and FX options and futures.

Goldman, Sachs & Co. Fined $22 Million For Supervisory Failures Relating To Trading And Equity Research

Date 12/04/2012

The Financial Industry Regulatory Authority (FINRA) today announced that it has fined Goldman, Sachs & Co. $22 million for failing to supervise equity research analyst communications with traders and clients and for failing to adequately monitor trading in advance of published research changes to detect and prevent possible information breaches by its research analysts. The Securities and Exchange Commission (SEC) today announced a related settlement with Goldman. Pursuant to the settlements, Goldman will pay $11 million each to FINRA and the SEC.

Program Trading Averaged 30.5 Percent Of NYSE Volume During Apr. 2-6

Date 12/04/2012

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 Apr. 2-6.

TMX Group Inc. To hold Its Annual Meeting And Report Results For Q1 2012 On Friday, May 11, 2012

Date 12/04/2012

On Friday, May 11, 2012, TMX Group Inc. will hold its Annual and Special Meeting for shareholders in the TMX Gallery at 2:00PM EDT.

SEC Charges Ponzi Schemer Targeting Church Congregations

Date 12/04/2012

The Securities and Exchange Commission today charged a self-described “Social Capitalist” with running a Ponzi scheme that targeted socially-conscious investors in church congregations.

IMF Managing Director Christine Lagarde: Global Risks Remain, More Work Needed

Date 12/04/2012

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), today said that despite recent improvements in the global economic outlook, more work is required to support the still fragile recovery.