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SGX To Clear New OTC Container Swaps From 2 August 2010

Date 23/07/2010

Singapore Exchange (SGX) will be clearing four new over-the-counter (OTC) Container Swap contracts starting from Monday, 2 August 2010.
Singapore Exchange Proposes Short Sales Report To Increase Market Transparency

Date 23/07/2010

To facilitate greater market transparency, Singapore Exchange (“SGX”) is proposing new rules and measures to provide more information on short sales activities in the marketplace. SGX is seeking public comments on the proposed rules that require the marking of all sell orders, either as a normal sell order or a short sell order. With the collated data, SGX proposes to report the short sales volume and value by counter for each trading day.
Tokyo Commodity Exchange: CB Trigger Level Expansion (Rubber, Current Contract Month)

Date 23/07/2010

As of 14:10 today (7/23th), the CB trigger level has been expanded as shown below: Commodity: Rubber Contract Month: Current Contract Month (July 2010) only CB Trigger Level: +/- 40 yen from the settlement price of the previous clearing period. * As for the contract months other than the current contract month, the CB trigger levels remain at +/- 30 yen. This measure is effective for today's Day Session (ending at 15:30).
BM&FBOVESPA Hosted A Meeting Today Between Brazilian Presidential Candidate - Marina Silva And Representatives Of The International Financial Community

Date 22/07/2010

On July 22nd, BM&FBOVESPA, the world’s third largest stock exchange, held its second Brazilian Presidential Election Event in New York City. This edition featured Ms. Marina Silva, Green Party Candidate for the Presidency of Brazil as the Keynote Speaker. Also speaking at the event were Mr. Marcio Garcia, Associate Professor of Economics at PUC-Rio, and Mr. William R. Rhodes, Senior Advisor at Citi. Drawing from their different professional backgrounds, all three speakers centered
Speech By SEC Commissioner Luis A. Aguilar: "Better Arming Investors And The SEC With The Ability To Evaluate And Assess Investment Advisers"

Date 22/07/2010

Form ADV serves as a critical disclosure document that contains essential information for both regulators and the investing public. In particular, Part 2 of Form ADV serves as the written disclosure statement that registered investment advisers are required to provide to advisory clients in order to describe, among other things, the adviser's business practices, investment strategies, advisory fees and conflicts of interest.

Speech By SEC Commissioner: "Working Toward Fairness And Transparency In Distribution Costs"

Date 22/07/2010

Today's proposal marks a paradigm shift in the regulatory framework addressing how mutual fund assets may be used to finance distribution. The proposed framework recognizes that investors may be paying more in distribution expenses than they would have traditionally paid in a front-end sales load and seeks to rectify the situation while still balancing the need to compensate fund intermediaries for fund distribution and for the other services they provide.
SIFMA Applauds Decision By SEC On Asset-Backed Securities

Date 22/07/2010

The Securities Industry and Financial Markets Association (SIFMA) today issued the following statement from Richard Dorfman, managing director and head of SIFMA’s Securitization Group, on the SEC’s decision to issue a to issue a ‘no action’ letter allowing issuers for a period of 6 months to omit credit ratings from registration statements filed under Regulation AB.
Speech By SEC Commissioner Elisse B. Walter: Opening Statement At SEC Open Meeting — Amendments To Form ADV (Final Rule)

Date 22/07/2010

I too would like to thank the staff, and especially the Division of Investment Management, Buddy Donohue, Bob Plaze, Sarah Bessin, Dan Kahl, Vivien Liu, and Don Evans, for your labor on the final recommendations before us today. I particularly want to thank you for all the time you spent discussing this matter with me and my office. I also want to thank my counsel, Christian Broadbent, for his outstanding efforts on my behalf. I support the recommendations, and believe that they have the pote
SIFMA Deeply Concerned About Public ABS Markets

Date 22/07/2010

The Securities Industry and Financial Markets Association (SIFMA) today issued the following statement from Richard Dorfman, managing director and head of SIFMA’s Securitization Group, on 436(g), the provision of regulatory reform which is impacting the public asset-backed securities market:
FINRA Orders SunTrust Investment Services To Pay $1.44 Million For Unsuitable UIT, Closed-End Fund And Mutual Fund Transactions - Sanction Includes $540,000 In Restitution To Disadvantaged Customers; Broker Barred In Separate Action, Former Branch Manager

Date 22/07/2010

The Financial Industry Regulatory Authority (FINRA) announced today that it has ordered SunTrust Investment Services, Inc. of Atlanta, GA, to pay $1.44 million to resolve charges related to unsuitable unit investment trust (UIT), closed-end fund (CEF) and mutual fund transactions. Of that amount, $900,000 is a fine that includes nearly $224,000 in disgorgement of commissions earned on the unsuitable trades. The remaining $540,000 represents restitution to 17 customers who incurred losses.