News Centre

SEC Announces Agenda And Speakers For Government-Business Forum On Small Business Capital Formation

Date 09/11/2011

The Securities and Exchange Commission today announced the agenda, speakers and  panelists for its Government-Business Forum on Small Business Capital Formation  to be held next week.

CFTC Orders South Florida Resident Alan A. Grant And His Company, Francis Grant Investments Inc., To Pay $500,000 In Forex Fraud Charges

Date 09/11/2011

The U.S. Commodity Futures Trading Commission (CFTC) today issued an order filing and simultaneously settling charges that Alan A. Grant and his company, Francis Grant Investments Inc. (FGI), of Davie, Fla., committed fraud by failing to disclose to customers that the off-shore foreign currency (forex) pool in which they participated had ceased trading and assets were frozen due to a foreign regulatory action. Grant and FGI issued false account statements showing profitable trading by the off-shore pool and continued to solicit funds even though the pool was no longer trading.

SEC Approves New Rules To Toughen Listing Standards For Reverse Merger Companies

Date 09/11/2011

The Securities and Exchange Commission today approved new rules of the three major U.S. listing markets that toughen the standards that companies going public through a reverse merger must meet to become listed on those exchanges.

Listing Of GreenX California Carbon Allowance (CCA) Option Contract

Date 09/11/2011

GreenX intends to list the California Carbon Allowance (CCA) option contract effective Sunday, December 11, 2011 for trade date Monday, December 12, 2011, for trading on CME Globex® and for submission for clearing through CME ClearPort®.

TMX Group Inc. Files Notice Of Change To Directors’ Circular

Date 09/11/2011

Further to its October 30, 2011 news release, TMX GroupInc. has posted the Notice of Change to its Directors’ Circular on the company’s website at the following link – http://www.tmx.com/en/investor_relations/corporate_info/regulatory_filings.html. The Notice of Change has also been filed on SEDAR.

Opening Remarks By Under Secretary U.S. Department Of The Treasury Lael Brainard To The Carnegie Endowment For International Peace

Date 09/11/2011

We saw a quiet but profound shift at the Cannes G-20 Summit back to a unified focus on safeguarding the global recovery as the central priority today.  We can see this shift articulated in the action plan that was released, and we expect to see it in policy steps taken by individual countries in the coming weeks and months.  

SIFMA Supports United States Covered Bond Act

Date 09/11/2011

SIFMA today released the following statement from Kenneth E. Bentsen, Jr., executive vice president, public policy and advocacy, on the United States Covered Bond Act introduced by Senators Hagan, Corker, Schumer and Crapo:

“SIFMA reiterates it strong support for a dedicated us covered bond legislative framework and applauds the Senators for their leadership in introducing the United States Covered Bond Act in the Senate. SIFMA believes that covered bonds are a proven source of funding that could help expand the availability of credit for households and strengthen the domestic housing market. Foreign financial institutions have more recently ignited domestic U.S. investor interest through issuance of U.S. dollar denominated covered bonds.  U.S. financial institutions have not, however, been able to tap that same investor demand.  We believe a dedicated legislative covered bond framework will provide investors with the certainty necessary for a robust covered bond market to develop in the U.S.  Efforts to further support sustained economic growth should ensure that financial intermediaries have more rather than fewer tools at their disposal to maintain a constant flow of credit through the economy.”

CFTC Sanctions Velocity Futures, LLC, for Supervision Violations - Velocity Agrees To Pay A Civil Monetary Penalty Of $180,000

Date 09/11/2011

The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing and simultaneous settlement of charges against Velocity Futures, LLC, a registered futures commission merchant, for failing to supervise diligently the handling of its customer accounts.

SIFMA’s Board Of Directors Announces Newly Elected Officers - Barclays Capital’s Jerry Del Missier Elected New Chair

Date 09/11/2011

The Board of Directors of SIFMA announced it has elected Jerry del Missier, Co-Chief Executive of Barclays Capital and Co-Chief Executive of Corporate & Investment Banking, as the Association’s Chair for 2012.  

CFTC Charges GID Group, Inc., Rodney And Roger Wagner With Fraud And Misappropriation In Connection With A $5.5 Million Forex Ponzi Scheme - Court Issues Restraining Order Freezing Defendants’ Assets And Preserving Records

Date 09/11/2011

The U.S. Commodity Futures Trading Commission (CFTC) announced today the filing of a complaint in the U.S. District Court for the Northern District of Texas, against GID Group, Inc. (GID), a Texas corporation, and its agents and officers, brothers Rodney and Roger. The defendants, both of Grand Prairie, Texas, were charged with operating a fraudulent off-exchange foreign currency (forex) ‘Ponzi” scheme in which they solicited and accepted approximately $5.5 million.