News Centre

FTSE Russell Promotes China A Shares To Emerging Market Status

Date 27/09/2018

• Reflects ongoing progress by China toward market reforms and increased access for global investors
• China A Shares to be included in phased timeline, starting from June 2019
• Eligible large, mid and small cap designated stocks from the FTSE China A Stock Connect All Cap Index
• China A Shares will represent c. 5.5%* of FTSE Emerging Index once fully implemented in Phase 1
• FTSE Russell has consulted on a new country classification framework for global fixed income benchmarks; China government bonds to be added to the Watch List

CFTC Files Two Enforcement Actions Addressing Attempted Manipulation, Unauthorized Trading, And Fraud

Date 26/09/2018

The Commodity Futures Trading Commission (CFTC) issued two Orders today filing and simultaneously settling charges against various respondents for violations of the Commodity Exchange Act and Commission Regulations, including for attempted manipulation,  fraud, and unauthorized trading, as set forth below and as more fully described in the related press releases for each Order.

U.S. House Passes The BUILD Act

Date 26/09/2018

As part of legislation to reauthorize the Federal Aviation Administration, the U.S. House today voted to approve the Better Utilization of Investments Leading to Development Act (BUILD) Act. The legislation will combine the Overseas Private Investment Corporation with two smaller departments at the United States Agency for International Development, creating a larger development finance agency called the International Development Finance Institution.

CFTC Orders An Iowa Introducing Broker And Its Principals To Pay $11.9 Million In Restitution To Farmers And A $1.25 Million Civil Monetary Penalty For Fraud, Unauthorized Trading, And False Statements To The CME, Among Other Violations - Farmers In Iowa, Maryland, Minnesota, Nebraska, And South Dakota Harmed

Date 26/09/2018

The Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Kooima & Kaemingk Commodities, Inc. (K&K), Lauren Kaemingk (Kaemingk), and Bradley Kooima (Kooima), all of Iowa, for Kaemingk’s fraud, unauthorized trading, and making false or misleading statements to CME Group Inc. (CME), for a former employee’s fraud, unauthorized trading, and violation of CME position limits in live cattle futures contracts, and for K&K’s, Kaemingk’s, and Kooima’s supervision failures.  The CFTC Order requires K&K, Kaemingk, and Kooima to pay $11,920,857.05 in restitution to their customers, which are almost entirely comprised of individual farmers and large-scale farming operations.  The Order also requires K&K, Kaemingk, and Kooima to pay a civil monetary penalty of $1,250,000 and orders that they cease and desist from further violations of the Commodity Exchange Act and CFTC regulations, as charged.

CFTC Charges Two Commodity Traders With Attempted Manipulation Of Agricultural Markets

Date 26/09/2018

The Commodity Futures Trading Commission (CFTC) today issued an Order against Adam Flavin (Flavin) and an Order against Peter Grady (Grady), traders at a Commodity Merchandising Firm, filing and settling charges for their attempted manipulation of the price of certain wheat futures and options contracts that were traded on the Chicago Board of Trade (CBOT).

New York Attorney General Underwood Announces Criminal Convictions Of Brokerage Firms TFS-ICAP Limited And TFS-ICAP LLC For Posting Fake Trades To Market - U.K.-Based Brokerage Firm TFS-ICAP Limited, And Its U.S.-Based Affiliate TFS-ICAP LLC, Plead Guilty To Securities Fraud For Posting Fake Trades In Emerging Market Foreign Exchange Currency Options - Companies Must Implement Remedial Procedures Verified By Independent Monitor, Remove High-Level Managers, Pay $1.15 Million In Penalties, And Cooperate In AG’s Ongoing Criminal Investigation Of Managers And Brokers At TFS-ICAP

Date 26/09/2018

Attorney General Barbara Underwood announced the criminal convictions of brokerage firms TFS-ICAP LIMITED and TFS-ICAP LLC for posting fake trades in emerging market foreign exchange currency options to New York-based traders. Today, before New York City Criminal Court Administrative Judge Kevin McGrath, each company pleaded guilty to one count of securities fraud under New York’s Martin Act. In addition to the criminal pleas, both companies executed a civil settlement agreement with the Attorney General’s office, which requires them to implement remedial procedures and policies, retain an independent monitor for two years, remove two high-level managers from any supervisory role related to the brokering of foreign exchange currency options to New York traders, pay $1.15 million in penalties, and cooperate in the Attorney General’s ongoing criminal investigation of managers and brokers at TFS-ICAP LLC and TFS-ICAP LIMITED.

CFTC Swaps Report Update

Date 26/09/2018

CFTC's Weekly Swaps Report has been updated, and is now available.

Nadex Product Schedule For The China And Germany Holidays During The Week Of October 1, 2018

Date 26/09/2018

Due to the China holidays throughout the week of October 1, 2018, there will be no China 50 contracts listed for the duration of the week of October 1, 2018.

Ontario Securities Commission Seeks Applications For Investor Advisory Panel

Date 26/09/2018

The Ontario Securities Commission (OSC) is inviting applications for membership on its Investor Advisory Panel (IAP), which provides an investor perspective on the policy and rule-making initiatives of the OSC.

2018-19 IIROC Board Of Directors Elected - Board Elects New Chair

Date 26/09/2018

At the Annual General Meeting of the Investment Industry Regulatory Organization of Canada (IIROC) on September 25, 2018, nine individuals were elected or re-elected to serve on the IIROC Board of Directors.