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  • SEC: Edward Jones To Pay $20 Million For Overcharging Retail Customers In Municipal Bond Underwritings

    Date 13/08/2015

    The Securities and Exchange Commission today announced that St. Louis-based brokerage firm Edward Jones and the former head of its municipal underwriting desk have agreed to settle charges that they overcharged customers in new municipal bonds sales.  It’s the SEC’s first case against an underwriter for pricing-related fraud in the primary market for municipal securities.  The firm also was charged with separate misconduct related to supervisory failures in its review of certain secondary market municipal bond trades.

  • Open Interest Of TOCOM Crude Oil Hit All-Time Record

    Date 13/08/2015

    Open interest of TOCOM Dubai Crude Oil Futures reached 53,117 contracts today recording the all-time high since its launch on September 1, 2001. The old mark was 52,418 contracts recorded on January 7, 2002.

  • ESMA Recommends Changes To EMIR Framework

    Date 13/08/2015

    The European Securities and Markets Authority (ESMA) has published four reports focused on how the European Markets Infrastructure Regulation (EMIR) framework has been functioning and providing input and recommendations to the European Commission’s (EC) EMIR Review.

  • SIX Opens FinTech Incubator “F10”

    Date 13/08/2015

    FinTech Incubator “F10” is the innovation center of SIX. It is home to small interdisciplinary teams who develop promising ideas and evaluate their potential for the financial industry. In collaboration with FinTech start-ups, the team, based at Förrlibuckstrasse 10, is setting up a complete innovation ecosystem with a dedicated staff, know-how, infrastructure and communities whose task is to drive further developments on Switzerland's FinTech front and develop new technologies for SIX.  

  • UK's Financial Conduct Authority Bans And Fines Robert Shaw, Of TailorMade Independent Ltd, For SIPP Advisory Failings

    Date 13/08/2015

    Robert Shaw, former director of advisory firm TailorMade Independent Ltd (TMI), has been banned from senior positions in financial services and fined £165,900 by the Financial Conduct Authority (FCA).