News Centre

CFTC Orders Minneapolis-Based Alfred C. Toepfer International, Inc. To Pay $400,000 For Inaccurately Reporting Positions In Multiple Grains

Date 30/09/2015

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Alfred C. Toepfer International, Inc. (Toepfer), a global merchandiser of agricultural commodities, for failing to comply with its legal obligation to submit accurate monthly CFTC Form 204 Reports regarding the composition of Toepfer’s fixed price cash grain purchases and sales, in violation of the reporting requirements in CFTC Regulation 19.01. The CFTC Order requires Toepfer to pay a $400,000 civil monetary penalty and to cease and desist from further violations of Regulation 19.01. Toepfer is based in Minneapolis, Minnesota.

Market Structure In The 21st Century: Bringing Light To The Dark, SEC Commissioner Kara M. Stein, Remarks Before The Securities Traders Association’s 82nd Annual Market Structure Conference, Sept. 30, 2015

Date 30/09/2015

Thank you, Jim [Toes], for that kind introduction.  I appreciate the invitation to be with you today.  Both the Securities Traders Association (“STA”) and the U.S. Securities and Exchange Commission (“Commission” or “SEC”) were formed in 1934, at a pivotal time in our nation’s history. Both have been serving investors now for over 80 years.  It is a pleasure to be speaking to a group of professionals who have been, and continue to be, concerned about the structure and operations of our capital markets. 

CFTC Swaps Report Update

Date 30/09/2015

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

Federal Reserve Chair Janet L. Yellen At the Community Banking In The 21st Century, The Third Annual Community Banking Research And Policy Conference, Cosponsored By The Federal Reserve System And Conference Of State Bank Supervisors, Federal Reserve Bank Of St. Louis, St. Louis, Missouri, September 30, 2015

Date 30/09/2015

Welcoming Remarks

Thank you. It is truly a pleasure for me to join President Bullard and Chairman Cotney in welcoming you to the Community Banking Research and Policy Conference, which I am proud to say has been cosponsored since its inception by the Federal Reserve System and the Conference of State Bank Supervisors (CSBS). 

SEC: China-Based Company And CEO To Pay $55.6 Million For Inaccurate Disclosures

Date 30/09/2015

The Securities and Exchange Commission today announced a $55.6 million settlement with Focus Media Holding Limited and CEO Jason Jiang to resolve charges of inaccurate disclosures about the China-based advertising company’s partial sale of a subsidiary to insiders, including Jiang.  The sale, which occurred before a third party purchased the subsidiary at a significantly higher price, yielded enormous profits to Jiang and other insiders. 

CFTC Staff Extends Time-Limited No-Action Relief To Eurex Clearing And its U.S. Clearing Members

Date 30/09/2015

The U.S. Commodity Futures Trading Commission’s (Commission) Division of Clearing and Risk (Division) today extended the no-action relief granted in CFTC Letter 14-156 to Eurex Clearing AG (Eurex Clearing) and its clearing members that are U.S. persons (each, a U.S. Clearing Member).

SEC Charges Executives For Defrauding Investors In Financial Fraud Scheme - Seeks Return Of Allegedly Ill-Gotten Executive Compensation

Date 30/09/2015

The Securities and Exchange Commission today charged two former executives of ContinuityX Solutions Inc. with fabricating nearly all of the company’s revenue and enriching themselves in the process.  Metamora, Illinois-based ContinuityX was a publicly traded company that claimed to sell Internet services to businesses.  The company is now in bankruptcy and its former CEO was criminally charged last year with six counts of wire fraud for conduct related to the SEC’s allegations.

ESMA Approves Greek HCMC Short Selling Ban On Bank Shares

Date 30/09/2015

The European Securities and Markets Authority (ESMA) has issued its official opinion agreeing to an emergency short selling prohibition by the Hellenic Capital Market Commission (HCMC) under the Short Selling Regulation which replaces the prohibition that is expiring at 24:00:00 (CET) on Wednesday 30 September 2015.

S&P Dow Jones Indices Market Attributes: Index Dashboard Europe

Date 30/09/2015

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CFTC Orders Deutsche Bank AG To Pay A $2.5 Million Civil Monetary Penalty For Swaps Reporting Violations And Related Supervision Failures - CFTC Finds That Deutsche Bank Did Not Diligently Address And Correct Errors Until After Bank Was Notified Of CFTC Investigation

Date 30/09/2015

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Deutsche Bank AG, a global banking and financial services company and provisionally registered Swap Dealer, for failing to properly report its swaps transactions from in or about January 2013 until July 2015 (the Relevant Period). The CFTC Order also finds that Deutsche Bank did not diligently address and correct the reporting errors until the Bank was notified of the CFTC’s investigation, and failed to have an adequate swaps supervisory system governing its swaps reporting requirements.