News Centre

FINRA Fines NEXT Financial Group $1 Million For Supervisory Failures That Led To Churning Of Customer Accounts, Excessive Commissions - Additional Violations Included Unreasonable Charges For Bond Trades - Former Chief Compliance Officer Fined And Suspend

Date 22/07/2009

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined NEXT Financial Group, Inc., headquartered in Houston, TX, $1 million for supervisory violations that primarily involved the failure to supervise its approximately 130 Office of Supervisory Jurisdiction (OSJ) branch managers, who typically supervise transactions and sales activity for individual brokers or branches within a particular region. OSJ branch managers' transactions and sales activities are then suppos

Hong Kong Monetary Authority, Bank Negara Malaysia And The Monetary Authority Of Singapore: Tripartite Working Group On Exit Strategy For The Full Deposit Guarantee

Date 22/07/2009

Taking the opportunity of the 14th EMEAP* Governors’ Meeting being held in Hong Kong, the Hong Kong Monetary Authority, Bank Negara Malaysia and the Monetary Authority of Singapore announced today (Wednesday) the establishment of a tripartite working group to map out a coordinated strategy for the scheduled exit from the full deposit guarantee by the end of 2010 in their respective jurisdictions.   ***  

Autorité Des Marchés Financiers General Regulation: New Measures On Securities Of Companies Involved In A Takeover Bid

Date 22/07/2009

The sections of the AMF General Regulation on trading in the securities of a company targeted by a takeover bid and on the reporting of trades made during the offer period have often prompted queries from the parties involved, including offerors, target companies and investment services providers. To clarify the situation and allow for the regulatory changes stemming from the Markets in Financial Instruments Directive, the AMF, in collaboration with the industry1, has amended the rules on

Testimony Of Commodity Futures Trading Commission Chairman Gary Gensler Before The House Financial Services Committee, July 22, 2009

Date 22/07/2009

Click here to download the testimony of CFTC Chairman before the House Financial Services Committee, July 22, 2009.

CBSX Utilizing OES MarketGroup For Outbound Routing

Date 22/07/2009

OES MarketGroup today announced that CBOE Stock Exchange (CBSX) has begun using OES as an outbound order flow router to other venues to meet CBSX’s Regulation NMS obligations.

Council Of The European Union Improves Rules For EU Investment funds

Date 22/07/2009

The Council adopted today 1 a directive on u ndertakings for collective investment in transferable securities (UCITS) (

UK's Financial Services Authority Grants New Waiver To Firms On Complaints Handling

Date 22/07/2009

The Financial Services Authority (FSA) has offered firms a new waiver from its complaints handling rules regarding unauthorised overdraft charges for up to six months.

New Audit Service For Regulatory Reporting - TRAX ReportingPlus

Date 22/07/2009

Xtrakter, the market utility, is pleased to announce the launch of TRAX ReportingPlus a new management information service for clients who transaction report to the UK’s Financial Services Authority (FSA). TRAX ReportingPlus is the first provision of its kind and will allow subscribers the unique ability to audit their transaction reports and reduce their operational risk.

Tokyo Stock Exchange: Tdex+ Incentive Program

Date 22/07/2009

Tokyo Stock Exchange, Inc. (TSE) has decided to implement a Tdex+ incentive program in conjunction with launching Tdex+, which is a new trading platform for TSE options contracts based on the LIFFE.CONNECT(R).

Tokyo Grain Exchange: Daily Price Limits From July 23, 2009

Date 22/07/2009

The daily price limits will change from July 23, 2009. Arabica Coffee will be reverted to 1,000yen. Robusta Coffee will be reverted to 1,000yen.