News Centre

ASX Compliance Monthly Activity Report - May 2016

Date 03/06/2016

Attached is a copy of the ASX Compliance Monthly Activity Report for May 2016.

SIFMA’s Bentsen Delivers Remarks At The SIFMA-TCH Prudential Regulation Conference

Date 02/06/2016

SIFMA president and CEO Kenneth E. Bentsen, Jr., today delivered introductory remarks on prudential regulation at an event co-hosted by SIFMA and The Clearing House in Washington, D.C. An excerpt is as follows with full remarks found here: http://www.sifma.org/news/news.aspx?id=8589960684.  

CFTC Staff To Hold Roundtable On Certain Elements Of Regulation AT

Date 02/06/2016

The Commodity Futures Trading Commission’s (CFTC or Commission) Division of Market Oversight announced today that staff will hold a public roundtable meeting, to discuss certain elements of the Commission’s notice of proposed rulemaking (NPRM) regarding Regulation Automated Trading (Regulation AT). The Regulation AT NPRM was published in the Federal Register (80 FR 78824) on December 17, 2015.

US Department Of Justice: Two Former Deutsche Bank Employees Indicted On Fraud Charges In Connection With Long-Running Manipulation Of Libor

Date 02/06/2016

Two former Deutsche Bank AG (Deutsche Bank) traders—the bank’s supervisor of the Pool Trading Desk in New York and a derivatives trader in London—were indicted for their alleged roles in a scheme to manipulate the U.S. Dollar (USD) London InterBank Offered Rate (LIBOR), a benchmark interest rate to which trillions of dollars in interest rate contracts were tied. 

Statement From New York Attorney General Eric T. Schneiderman On Case Against Hank Greenberg

Date 02/06/2016

Attorney General Eric T. Schneiderman issued the following statement today in connection with a State Court of Appeals decision in the case against Hank Greenberg, which will allow New York’s fraud claims to proceed to trial. The decision will also allow New York State to seek to recover bonuses the defendants earned while committing their alleged fraud:

“Since 2005, this office has sought to hold Mr. Greenberg and Mr. Smith responsible for financial fraud and manipulation during their tenure at A.I.G. Today, New York’s highest court has allowed those claims to proceed to trial, where we look forward to demonstrating that Mr. Greenberg and his associates orchestrated two major frauds that caused massive losses to A.I.G.’s shareholders. Nobody – no matter how rich or powerful – is allowed to commit fraud in our state, and we are very pleased the people of New York will finally have a chance to obtain justice at trial.”

Federal Reserve Board Announces Schedule For Results from Dodd-Frank Act Stress Tests And Comprehensive Capital Analysis And Review (CCAR)

Date 02/06/2016

The Federal Reserve Board on Thursday announced that results from the latest supervisory stress tests conducted as part of the Dodd-Frank Act will be released on Thursday, June 23, and the related results from the Comprehensive Capital Analysis and Review (CCAR), will be released on Wednesday, June 29. Results for both exercises will be released at 4:30 p.m. EDT.

SEC: Forex Trader Misrepresented Track Record And Hid Massive Losses

Date 02/06/2016

The Securities and Exchange Commission today charged a New York City-based trader with defrauding investors out of millions of dollars by misrepresenting her investment track record, the profitability of her investments, and her use of investor funds.

CFTC To Reopen Comment Period For Specific Elements Of Regulation Automated Trading

Date 02/06/2016

The U.S. Commodity Futures Trading Commission (CFTC) will reopen the comment period for specific elements of Regulation Automated Trading (Regulation AT). This is being done in conjunction with a CFTC staff roundtable on Regulation AT on June 10, 2016. The additional comment period is intended to obtain public input solely on the specific topics listed in the agenda for the roundtable and that arise during the roundtable (See CFTC Press Release 7377-16 for agenda).

SEC: Adviser Steered Investor Money To His Own Companies

Date 02/06/2016

The Securities and Exchange Commission today charged a North Carolina-based investment adviser with defrauding investors by secretly steering portions of real estate-related investments into deals with companies that he owned or operated himself.

Nasdaq, Inc. Prices $500,000,000 Senior Notes Offering

Date 02/06/2016

Nasdaq, Inc. (the “Company”) (Nasdaq:NDAQ) today announced that it priced a public offering of $500,000,000 aggregate principal amount of U.S. dollar-denominated 3.850% senior notes due 2026 (the “Offering”).  The Company expects to use the net proceeds from the Offering, together with cash on hand and/or borrowings under the Company’s senior credit facility, to fund the cash consideration payable by the Company for its acquisition of 100% of the equity interests in U.S. Exchange Holdings, Inc. (the indirect owner of three electronic options exchanges: International Securities Exchange, ISE Gemini and ISE Mercury) (the “ISE Transaction”) and related expenses and for general corporate purposes, which may include, without limitation, the repayment of indebtedness or the funding of other future acquisitions.