News Centre

CFTC Orders Chicago-Based Advantage Futures LLC, Its CEO Joseph Guinan, And Former Chief Risk Officer William Steele Jointly To Pay A $1.5 Million Civil Monetary Penalty For Supervision, Risk Management Failures, And Making Inaccurate Statements In Required Filings With The CFTC

Date 21/09/2016

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Advantage Futures LLC (Advantage), a Chicago-based Futures Commission Merchant (FCM), for failing to diligently supervise the handling of certain commodity interest accounts, for deficient risk management and credit risk practices, and for knowingly making inaccurate statements to the CFTC through the submission of required risk manuals and the Annual Chief Compliance Officer’s Report. The CFTC Order also charges Advantage’s Chief Executive Officer Joseph Guinan, a resident of River Forest, Illinois, with supervision failures and former Chief Risk Officer William Steele, aresident of Vernon Hills, Illinois, with failing to supervise Advantage’s risk management program. The violations of the Commodity Exchange Act (CEA) and Regulations began in or about November 2011 to at least August 2015, according to the Order.

Bats Welcomes Amplify Investments As A New Issuer To The Bats ETF Marketplace - 18 Issuers, 101 Funds Now Listed On Bats In The U.S.

Date 21/09/2016

Bats Global Markets, Inc. (Bats: BATS), the #1 U.S. market for exchange-traded fund (ETF) trading, today welcomed Amplify Investments as a new issuer to the Bats ETF Marketplace with the launch of a new fund.

Remarks Before The AICPA National Conference On Banks & Savings Institutions Of Wesley R. Bricker, SEC Interim Chief Accountant

Date 21/09/2016

Good morning and thank you Don [Walker] for the kind introduction and invitation to speak at today’s AICPA National Conference on Banks & Savings Institutions. 

CME Group Named "Exchange Of The Year" By GlobalCapital

Date 21/09/2016

CME Group, the world's leading and most diverse derivatives marketplace, today announced that the company has been named 'Exchange of the Year' by GlobalCapital in their annual Global Derivatives Awards.

OCC Comments On S&P Reaffirmation Of AA+/Stable Rating

Date 21/09/2016

OCC, the world's largest equity derivatives clearing organization, today commented on the reaffirmation of its AA+/Stable rating by Standard & Poor's (S&P). In May, the rating agency had placed a credit watch with negative implications on OCC's credit rating.

Our Approach To Cyber Security In Financial Services Firms - Speech By Nausicaa Delfas, Director Of Specialist Supervision At The FCA, Delivered At The FT Cyber Security Summit

Date 21/09/2016

Key points:

• Cyber risk is an ever evolving and asymmetric threat. It impacts each one of our objectives – market integrity, consumer protection and competition – whether through markets being disrupted through loss of availability of platforms, sensitive market or customer data being stolen or compromised, or access to core banking services.
• We regulate 56,000 financial services firms, from the largest banks, insurers, market infrastructure providers to the smallest advisers. Firms, whatever their size, could pose a significant risk to our objectives if their services were disrupted – even the smallest firm could hold large quantities of sensitive data, which if compromised could have a ripple effect to other areas of the financial sector, and business generally.
• Cyber security is a shared interest and responsibility – we will continue to take a co-operative approach to addressing this threat, and will be engaging directly with a wider range of regulated firms. 
• What we will be looking for is a ‘security culture’ in firms – from the Board down to every employee. Cyber is not just an IT issue, but covers people, processes and technology. The key is: good governance, identification and protection of key assets, detection, response and recovery and information sharing, with the regulator and other parties. 

EU Savers Step Up Their Influence In European Financial Services Policy Making

Date 21/09/2016

Christiane Hölz, a senior executive at Better Finance’s German member organisation DSW, was elected Vice-Chair of the "Securities and Markets Stakeholder Group" of the European Securities and Markets Authority (ESMA).

SEC Charges Hedge Fund Manager Leon Cooperman With Insider Trading

Date 21/09/2016

The Securities and Exchange Commission today charged hedge fund manager Leon G. Cooperman and his firm Omega Advisors with insider trading based on material nonpublic information he learned in confidence from a corporate executive.

Moscow Exchange: Risk Parameters For New Bonds

Date 21/09/2016

New bonds will be accepted to margin trading starting from September 22, 2016. 

IACC And City Of London Police Team Up To Strengthen Anti-Counterfeiting Efforts In London

Date 21/09/2016

The International AntiCounterfeiting Coalition (IACC) announced that it has signed a Memorandum of Understanding (MOU) with the City of London Police, memorializing their solidarity in fighting for intellectual property rights.