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SEC Charges Former New York Pension Official And Two Brokers In Pay-To-Play Scheme
Date 21/12/2016
The Securities and Exchange Commission today announced fraud charges against a former official of the nation’s third largest public pension fund and two brokers accused of orchestrating a pay-to-play scheme to steer billions of dollars to certain firms in exchange for luxury gifts, lavish vacations, and tens of thousands of dollars spent on cocaine and prostitutes.
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UK's Financial Conduct Authority: Mark Lyttleton Sentenced To 12 Months Imprisonment For Insider Dealing
Date 21/12/2016
In a prosecution brought by the Financial Conduct Authority (FCA) Mark Lyttleton, a former Equity Portfolio Manager at BlackRock Investment Management (UK) Limited, has today been sentenced to 18 months reduced with credit to 12 months on two counts of insider dealing. A confiscation order was also made in the sum of £149,861.27 and costs awarded to the FCA of £83,225.62.
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CFTC Orders Goldman Sachs To Pay $120 Million Penalty For Attempted Manipulation Of And False Reporting Of U.S. Dollar ISDAFIX Benchmark Swap Rates - Today’s Action Is The CFTC’s Third Enforcement Action For The Attempted Manipulation And False Reporting Of ISDAFIX Benchmark Rates
Date 21/12/2016
The U.S. Commodity Futures Trading Commission (CFTC) issued an Order today filing and settling charges against The Goldman Sachs Group, Inc., and Goldman, Sachs & Co. (collectively, Goldman or the Bank). The Order finds that, beginning in January 2007 and continuing through March 2012 (the Relevant Period), Goldman attempted, by and through certain of its traders in New York, on many occasions to manipulate and made false reports concerning the U.S. Dollar International Swaps and Derivatives Association Fix (USD ISDAFIX), a global benchmark for interest rate products. Goldman’s unlawful conduct involved multiple traders, including the head of Goldman’s Interest Rate Products Trading Group in the United States, according to the CFTC Order.
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Solactive introduces Power Factor™ High Dividend Index - Licensed To WBI Investments
Date 21/12/2016
Solactive AG is announcing the launch of the Solactive Power Factor™ High Dividend Index, which will be used as the basis for a fund issued by WBI Investments. The index tracks the performance of 50 U.S.-listed stocks among large-, mid- and small-caps, which exhibit high dividend yield and strong fundamentals, as determined by WBI’s Power Factor™ approach. By investing in the Solactive Power Factor™ High Dividend Index, investors can gain exposure to stocks that score high relative to their peers using various valuation criteria. WBI’s fund – WBI Power FactorTMHigh Dividend ETF (WBIY) – will provide an opportunity to invest in a strategy which seeks to track the index.
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Metamako Delivers Another High-Performance Year
Date 21/12/2016
Metamako, the leading specialist provider of deterministic network devices for the world’s financial institutions, has had another stellar year. Following a very successful 2015, this year has seen expansion and growth for Metamako, with a new office in Tokyo, some interesting new clients and partnerships, along with new products.
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Tehran Stock Exchange Weekly Market Review - 21 December 2016
Date 21/12/2016
Click here to download Tehran Stock Exchange's weekly market review.
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ESMA Proposes New Digital Format For Issuers’ Financial Reporting
Date 21/12/2016
The European Securities and Markets Authority (ESMA) has today published a feedback statement setting out the digital format which issuers in the European Union (EU) must use to report their company information from 1 January 2020. It concludes that Inline XBRL is the most suitable technology to meet the EU requirement for issuers to report their annual financial reports in a single electronic format because it enables both machine and human readability in one document.
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Nasdaq Leads New Listings In The U.S. And Nordic Markets - Leading U.S. Exchange For Total Number Of IPOs For 12 Consecutive Quarters And Highest IPO Win Rates In Technology, Healthcare And Financials In 2016 - Nasdaq Nordic[1] Maintains Position As Leading Hub For New Listings Across Europe
Date 21/12/2016
Nasdaq (Nasdaq:NDAQ) announced today that it welcomed a total of 369 new listings so far in 2016 – including 277 in the U.S. and 92 in the Nordic markets – maintaining its position as the leading global exchange venue. With a 73 percent win rate representing 90 initial public offerings (IPOs), Nasdaq has extended its IPO leadership to 12 consecutive quarters in the U.S. Notable wins include trivago, Nutanix, Coupa Software in technology, First Hawaiian Bank in financials, and Extraction Oil & Gas in energy.
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IOSCO Consults On Order Routing Incentives In Ongoing Effort To Protect Investors
Date 21/12/2016
The Board of the International Organization of Securities Commissions (IOSCO) published today the Report on Order Routing Incentives for public consultation. The report provides an overview of the practices used by market regulators regarding incentives for order routing that may influence how intermediaries treat their clients.
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Millennium Exchange Release 9.1 Oslo Børs – Dress Rehearsal 1
Date 21/12/2016
The first dress rehearsal in Oslo Børs Millennium 9.1 project will be held on Saturday 21 January 2017. The test will take place in Oslo Børs’ production environment. It is mandatory for members and ISVs to attend at least one of Oslo Børs Millennium 9.1 dress rehearsals. The dress rehearsals are optional for market data vendors, however we recommend them to participate. A confirmed timeline of dress rehearsal 2 and Go-live is expected to be announced in January 2017.
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