News Centre

SEC Charges UBS With Faulty Recordkeeping Related To Short Sales

Date 10/11/2011

The Securities and Exchange Commission today charged UBS Securities LLC for inaccurate recording practices when providing and recording “locates” to customers seeking to execute short sales. UBS settled the enforcement action by agreeing to pay an $8 million penalty and retain an independent consultant.

Standard & Poor's Announces Changes In The S&P/TSX Venture Composite And Select Indices

Date 10/11/2011

Standard & Poor's will make the following changes in the S&P/TSX Venture Composite and Select Indices:

The shares of Realm Energy International Corporation (TSXVN:RLM) will be removed from the S&P/TSX Venture Composite and Venture Select Indices after the close today, Thursday, November 10, 2011. The shares of the company will be delisted from the TSX Venture Exchange at the same time following the completion of an Arrangement Agreement whereby the company has been acquired by San Leon Energy plc.

Remarks Before The FINRA Institute At Wharton Certified Regulatory And Compliance Professional (CRCP) Program - SEC Commissioner Elisse B. Walter

Date 10/11/2011

Introduction

Thank you very much, Professor Orts, for that very kind introduction. I am delighted to be part of the CRCP Program. I was at FINRA—or NASD at the time—when this program was created, and it has more than fulfilled the very high expectations we had at the time. And, I’m pleased to see that it continues to attract people from a wide variety of FINRA members, as well as the regulatory community—at this session from the New York Fed and FINRA itself.

Canadian Securities Regulators Announce Review Of Minimum Amount And Accredited Investor Prospectus Exemptions

Date 10/11/2011

The Canadian Securities Administrators (CSA) today announced that they are reviewing the $150,000 minimum amount prospectus exemption (the minimum amount exemption) and the accredited investor prospectus exemption (AI exemption) contained in National Instrument 45-106 Prospectus and Registration Exemptions.

TMX Maple Letter To Market Participants

Date 10/11/2011

TMX Group Inc. and Maple Group Acquisition Corporation (Maple), today sent the following letter to Canadian capital markets participants:

A Shared Vision for the Future

TMX Group is a cornerstone of Canada's capital markets and an important catalyst for national economic activity, capital formation and foreign investment. Its progress and success have contributed to Canada's economic growth. 

Egyptian Exchange: New Trading Mechanism Starting On Nilex Next Sunday

Date 10/11/2011

CFTC Commissioner Jill E. Sommers To Act As Senior Commissioner For The Agency In Any Matters Relating To The Bankruptcy Of MF Global, Inc.

Date 10/11/2011

The Commodity Futures Trading Commission (CFTC) today announced that Commissioner Jill E. Sommers will be acting as the senior Commissioner for the agency in matters relating to the bankruptcy of MF Global, Inc. (MFGI) and the shortfall of funds in MFGI’s segregated accounts containing customer property and funds. The announcement comes after Chairman Gensler recused himself from matters relating to MFGI. The designation of Commissioner Sommers is effective immediately.

The (Changing) Role Of Central Banks In Financial Stability Policies - Speech By Peter Praet, Member Of The Executive Board Of The ECB, At The 14th Annual Internal Banking Conference, Organised By The Federal Reserve Bank Of Chicago And The European Central Bank, Chicago, 10 November 2011

Date 10/11/2011

More than four years have passed since the onset of the financial crisis. Over these years, central banking functions have been stretched to the limits.

Mergers: European Commission Deepens Probe Into Proposed Acquisition Of Control Over Sugar Trader ED&F MAN By Südzucker

Date 10/11/2011

The European Commission has opened an in-depth investigation, under the EU Merger Regulation, into the proposed acquisition of control over ED&F MAN by Südzucker, a German company that is Europe's largest sugar and molasses producer. ED&F MAN is the second largest sugar trader and largest molasses trader worldwide. The Commission’s preliminary investigation has indicated potential competition concerns as regards the markets for white sugar, in particular in Southern Europe, imports of raw cane sugar for refining for the whole of the European Economic Area (EEA) and molasses, especially in Central Europe. The opening of an in-depth inquiry does not prejudge the final result. The Commission has now a deadline of 23 March 2012 to take a final decision.

Statement By President Of The European Commission Barroso And President Of The European Council Van Rompuy On The Designation Of Lucas Papademos As Prime Minister Of Greece

Date 10/11/2011

The agreement to form a government of national unity opens a new chapter for Greece. We have long stressed the need for a broad political consensus around measures to lift Greece out of this deep economic crisis. As such, we warmly welcome this news.