FTSE Mondo Visione Exchanges Index:

News Centre

News

New York Attorney General Cuomo Sues Bank Of New York Mellon Unit For Deceiving Clients In Connection With Madoff-Related Investments - Internal E-Mails Reveal Ivy Asset Management and Its Co-Principals Deliberately Misled Clients - Ivy’s Years Of Fraud C

Date 11/05/2010

Attorney General Andrew M. Cuomo today filed a lawsuit against Ivy Asset Management, LLC (“Ivy”), its former Chief Executive Officer Lawrence Simon, and its former Chief Investment Officer Howard Wohl, for deliberately misleading clients about investments tied to Bernard L. Madoff. The suit alleges that Ivy and the two principals kept their clients in the dark about damaging financial information about Madoff so Ivy could bring in millions in advisory fees.
Statement Of CFTC Commissioner Michael V. Dunn On Meeting To Discuss Significant Price Discovery Contracts

Date 11/05/2010

When the initial legislation creating Significant Price Discovery Contracts (SPDC) was enacted, I was under the impression that there might be a half-dozen contracts that would fall into this category. The 90 plus ECM contracts initially identified as potential SPDCs and the subsequent in-depth analysis and Federal Register (FR) release of 41 of these contracts, frankly took me by surprise.
SIFMA Securitization Group Comments On FDIC Proposal

Date 11/05/2010

The Securities Industry and Financial Markets Association (SIFMA) today issued the following statement from Richard Dorfman, managing director and head of the SIFMA Securitization Group (SSG), in response to the Federal Deposit Insurance Corporation’s (FDIC) notice of proposed rulemaking regarding treatment of a bank's securitizations in the event of a conservatorship or receivership:“SIFMA strongly supports reasonable efforts to restore and reshape the securitization market. Securitiz
Statement Of CFTC Commissioner Bart Chilton Regarding The Market Events Of May 6th

Date 11/05/2010

I commend CFTC Chairman Gensler, SEC Chairman Shapiro and Secretary Geithner for their tireless efforts (and those of their staffs) related to the serious and significant market events of May 6th. As we go forward, I am hopeful that we look at four areas of critical importance.
BM&FBOVESPA Announces April 2010 Market Performance

Date 11/05/2010

This month’s highlights: DMA trading reaches historic records in the BM&F segment; Securities lending registers record financial volume. In April 2010, equity markets (Bovespa segment) reached a total volume of BRL 138.74 billion, in 8,098,072 trades, with daily averages of BRL 6.93 billion and 404,904 trades, respectively. In March, total volume reached BRL 148.81 billion, 9,038,122 tr

Michel Barnier Member Of The European Commission Responsible For The Internal Market And Services Building A New Financial Framework Together European Institute Washington, 11 May 2010

Date 11/05/2010

Ladies and gentlemen,1. The US and the EU: stronger togetherI am honoured to be here today.To share some views on US-EU relations. Specifically in relation to the financial crisis and our joint efforts to reform the global financial system.This is my first trip outside Europe as Commissioner.
European Parliament: Single Market: Mario Monti Presents His "New Strategy" To MEPs

Date 11/05/2010

Efforts to revitalise the single market should seek a balance between economic factors - above all competitiveness - and the rights of consumers and workers, recommends a report by Mario Monti on ways to "relaunch" the single market before 2012, an aim shared by MEPs who are also preparing a report on the subject.
Irish Stock Exchange Launches New Corporate Identity With Renaming Of Two Markets

Date 11/05/2010

The Irish Stock Exchange (“ISE”) has launched a new corporate identity and renamed two of its three securities markets. The ISE’s three markets are now called the Main Securities Market (MSM), the Enterprise Securities Market (ESM) and the Global Exchange Market (GEM).
FINRA: Florida Broker Barred For Selling Phony Financial Products, Taking More Than $1.9 Million From Clients - Broker Created False Documents To Further Scheme, Induce Customers To Invest In Fictitious CDs And Bonds

Date 11/05/2010

The Financial Industry Regulatory Authority (FINRA) announced today that it has permanently barred Ponte Vedra Beach, FL, registered representative Michael J. DiMare from the securities industry for misappropriating over $1.9 million in client funds – while making false statements and sending falsified account statements and other documents statements to his customers to hide his scheme.
SEC, CFTC Announce Creation Of Joint CFTC-SEC Advisory Committee On Emerging Regulatory Issues

Date 11/05/2010

Securities and Exchange Commission Chairman Mary Schapiro and Commodity Futures Trading Commission Chairman Gary Gensler today announced the formation of a joint committee that will address emerging regulatory issues. The establishment of the Joint CFTC-SEC Advisory Committee on Emerging Regulatory Issues was one of the 20 recommendations included in the agencies' harmonization report issued last year.