News Centre

New York State Department Of Financial Services AnnouncesLincoln Financial Group Has Paid $50.7 Million To Beneficiaries Of New York Policyholders For Lost Insurance Claims - Settlement With DFS Includes $1.5 Million Fine For Unfair Claims Settlement Practices In Violation Of New York Insurance Law

Date 07/03/2017

Financial Services Superintendent Maria T. Vullo today announced that Lincoln Financial Group has paid $50.7 million in restitution to policyholders of beneficiaries and a $1.5 million fine for lost insurance claims and for unfair claims settlement practices, as part of a consent order entered into with the Department of Financial Services (DFS).  The agreement between Lincoln National Corporation and its New York-licensed Lincoln Life & Annuity Company of New York, stems from the company’s merger with Jefferson-Pilot Corporation.  Lincoln self-reported that the company had lost track of thousands of policies after merging claims-processing systems with Jefferson-Pilot, which was followed by a DFS investigation that found that the company failed to adequately address early red flags related to the issue.  As part of the settlement, Lincoln will also continue to identify beneficiaries and pay claims, with interest, in accordance with New York Insurance Law.

Euronext Announces Annual Review Results Of The Bel 20®, Bel Mid® And Bel Small®

Date 07/03/2017

Euronext today announced the results of the annual review of the BEL 20®, BEL Mid® and BEL Small®. The changes will be effective from Monday 20 March 2017.

TASE Board Of Directors Approves Principles For The Issuing Of Preferred Stock

Date 07/03/2017

Preferred stock grants holders priority for receiving dividends, however does not impart them with voting rights: Preferred stock makes it possible for companies to diversify their financing methods while reducing leveraging.

EEX New Participant: NatGAS Aktiengesellschaft

Date 07/03/2017

NatGAS Aktiengesellschaft has been additionally admitted to exchange trading for Phelix Futures, Phelix Options, French Financial Power Futures and Options, Belgian Financial Power Futures, Dutch Financial Power Futures, Italian Financial Power Futures and Options, Nordic Financial Power Futures and Options, Spanish Financial Power Futures and Options, Swiss Financial Power Futures, Romanian Financial Power Futures and Greek Financial Power Futures.

Vienna Stock Exchange: Flughafen Wien Joins The Austrian Leading Index ATX

Date 07/03/2017

• ATX: Flughafen Wien AG replaces DO & CO Aktiengesellschaft
• ATX Prime: KTM Industries AG will be removed

Eric Noll, Convergex CEO, Named Again To Institutional Investor's 2017 Trading Tech 40 List

Date 07/03/2017

Convergex, an agency-focused global brokerage and trading related services provider, is pleased to announce that Institutional Investor magazine has once again selected Eric W. Noll, Convergex President and CEO, as a member of its 2017 "Trading Tech 40" list, an annual ranking of the industry's top innovators and visionaries. Members of the top 40 list are selected based on their professional accomplishments and contributions to the industry.

Moscow Exchange: Risk Parameters Change In Securities market

Date 07/03/2017

Securities market

NCC Bank is changing the following risk parameters in Securities market starting from March 14, 2017:

IR risk (downward scenario) - SECΔ_1 (Y0/Y1 and Y0/YW)

NEO Urges Regulators To Mandate Access To Consolidated Market Data - Canadian Investors And Public Companies Are Entitled To Transparency And Complete Information

Date 07/03/2017

Aequitas NEO Exchange Inc. (“NEO Exchange” or “NEO”) has submitted a formal request to the Canadian Securities Administrators (“CSA”), the provincial securities regulators, urging them to address Canada’s market data issues by mandating access to top-of-book real-time consolidated market data for all Canadian investors, including retail investors and their investment advisors.  Consolidated market data is important for investors to see the complete picture of trading activity and enables them to make fully informed investment decisions.  NEO encourages all interested stakeholders to join this effort by visiting www.marketdataforall.com and make their voice heard.

Gender Equality International Women's Day To Ring The Nasdaq Stock Market Closing Bell

Date 07/03/2017

What:
To commemorate Gender Equality International Women's Day, Women in ETFs (WE), the first women’s group for the ETF industry, and five partner organizations will visit the Nasdaq MarketSite in Times Square.

In honor of the occasion, Jill Mavro, co-President of Women in ETFs, Senior Managing Director at State Street Global Advisors SPDR, and Lise Kingo, Executive Director, United Nations Global Compact, will ring the Closing Bell. 

Where:
Nasdaq MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio

Quayle Munro Advises AXIO Group On Its Sale Of RISI To Euromoney Institutional Investor PLC

Date 07/03/2017

Quayle Munro is pleased to announce that it has advised AXIO Group (“AXIO”), a portfolio company of Epiris Managers, on its sale of RISI, the leading price reporting agency to the global forest products market, to Euromoney Institutional Investor PLC (LSE:ERM) (“Euromoney”), an international business-to-business information group focused primarily on asset management, pricing, data and market intelligence. The transaction is subject to Hart-Scott-Rodino approval in the United States, which is expected to take approximately four weeks. On completion, Euromoney will pay $125 million in cash for RISI, funded from its existing revolving credit facility.