News Centre

Monetary Authority Of Singapore: Civil Penalty Enforcement Action For False Trading

Date 01/07/2011

The Monetary Authority of Singapore (MAS) has taken civil penalty enforcement action against Mr Wong Chow Lin @ Benjamin Wong for contravening the false trading provisions under section 197(1)(b) of the Securities and Futures Act (SFA).  Mr Wong was an appointed representative and the head of business development for corporate broking in CIMB Securities Pte Ltd at the time of the contravention.

CFTC Charges Grand Island, Nebraska Resident With Fraud And Records Violations In Connection With $4 Million Commodity Pool - Grace Elizabeth Reisinger And ROF Consulting, LLC Charged With Solicitation Fraud And Records Violations

Date 01/07/2011

The U.S. Commodity Futures Trading Commission (CFTC) filed a complaint in the U.S. District Court for the District of Nebraska, charging Grace Elizabeth Reisinger of Grand Island, Neb., and ROF Consulting, LLC (ROF) with operating a fraudulent commodity pool scheme. The defendants operated the commodity pool NCCN, LLC (NCCN).

CIMB Securities Joins SGX Derivatives Market

Date 01/07/2011

CFTC Charges Colorado-Based Flint-McClung Capital LLC And Shawon McClung With Fraud And Misappropriation In $1.9 Million Off-Exchange Foreign Currency Ponzi Scheme - Federal Court Issues Order Freezing Defendants’ Assets And Protecting Books And Records

Date 01/07/2011

The U. S. Commodity Futures Trading Commission (CFTC) charged Flint-McClung Capital LLC (FMC) of Englewood, Colo., and Shawon McClung of Denver, Colo., with fraud and misappropriation in an off-exchange foreign currency (forex) Ponzi scheme in which defendants allegedly fraudulently solicited and accepted at least $1.9 million from at least 10 commodity pool participants since March 2010.

CME Group Names Julien Le Noble As Head Of Its Asia Pacific Office

Date 01/07/2011

CME Group, the world's leading and most diverse derivatives marketplace, today announced that it has named Julien Le Noble as head of its Asia Pacific office.  Le Noble, 39, will be based in Singapore and will be responsible for leading CME Group's efforts to develop benchmark products and services to meet the needs of its current and prospective clients in the region.  He will join CME Group on August 1, 2011 and will report to Bryan Durkin, CME Group Chief Operating Officer and Managing Director, Products & Services.

Draft Staff No-Action Letter Regarding The Application Of Certain CEA Provisions After July 16, 2011 Available On CFTC Website

Date 01/07/2011

A staff working draft of a “no-action” letter that could supplement exemptive relief recently proposed by the Commodity Futures Trading Commission (CFTC) is available on CFTC.gov. The proposed exemptive relief (76 FR 35372) and staff draft no-action letter, taken together, would provide greater clarity during the transition to the new regulatory framework for swaps in light of the general effective date in Title VII of the Dodd-Frank Act of July 16, 2011.

ETF Licensing, Innovative Index Launches, Dow Anniversary Cap Memorable First Half Of 2011 For Dow Jones Indexes

Date 01/07/2011

The late-June licensing of eight indexes from the Dow Jones Emerging Markets Sector Titans Indexes series capped an impressive first half of 2011 for Dow Jones Indexes, which also launched a host of innovative indexes and commemorated the Dow Jones Industrial Average’s 115^th anniversary.

CFTC To Hold Open Meeting On Five Final Rule Proposals Under The Dodd-Frank Act

Date 01/07/2011

The Commodity Futures Trading Commission (CFTC) will hold a public meeting on Thursday, July 7, 2011, at 9:30 a.m. to consider five final rules under the Dodd-Frank Wall Street Reform and Consumer Protection Act .

SEC Announces Agenda And Panelists For Roundtable On International Financial Reporting Standards

Date 30/06/2011

The staff of the Securities and Exchange Commission today announced the panelists and final agenda for the International Financial Reporting Standards (IFRS) Roundtable to be held July 7.

Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index

Date 30/06/2011

Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Thursday, June 30, 2011:

• Bri-Chem Corp. (TSXVN:BRY) will be removed from the index. The company will graduate to trade on TSX under the same ticker symbol.