News Centre

Hong Kong's Securities And Futures Commission Reprimands And Fines Delta Asia Securities Limited

Date 04/06/2014

The Securities and Futures Commission (SFC) has issued a reprimand to Delta Asia Securities Limited (Delta Asia) and fined it $4 million for failing to reasonably ensure that client securities were properly safeguarded.

Australian Senate Estimates: Opening statement - Greg Medcraft, Chairman, Australian Securities And Investments Commission, 4 June 2014

Date 04/06/2014

Representing ASIC today are all of our Commissioners:

• Deputy Chairman Peter Kell, and
• Commissioners:
  
  Greg Tanzer
  
  John Price, and
  
  Cathie Armour.

Summary Of May 2014 Activities At Tokyo Commodity Exchange - TOCOM May 2014 Volume Averaged 73,882 Contracts Per Day, Down 0.2% Month-On-Month

Date 04/06/2014

The Tokyo Commodity Exchange announced today that average daily tradingvolume for May was 73,882 contracts, down 0.2% from April. TOCOM’s leading commodities had lower volume: Gold was down 1.5% to 27,695 contracts and Rubber fell 7.9% to 9,483. This slightly outweighed an increase for products such as Platinum, which was up 9.2% to 17,424 contracts.

CME Group Congratulates CFTC Appointees Massad, Bowen And Giancarlo

Date 04/06/2014

CME Group released the following statement on the U.S. Senate confirmation of Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad, and Commissioners Sharon Bowen and J. Christopher Giancarlo:

"CME Group congratulates Mr. Massad on his confirmation as CFTC Chairman and Ms. Bowen and Mr. Giancarlo on their confirmations to serve as Commissioners.  We welcome their leadership at this critical time as our industry works through Dodd-Frank rule implementation, addresses competitive challenges abroad, and considers market structure dynamics."

Statement Of Acting CFTC Chairman Mark P. Wetjen on Confirmation Of Sharon Bowen To The Commodity Futures Trading Commission

Date 04/06/2014

U.S. Commodity Futures Trading Commission Acting Chairman Mark P. Wetjen made the following statement following the Senate’s vote to confirm Sharon Bowen to be a commissioner of the CFTC.

“I offer my sincere congratulations to Sharon Bowen on her confirmation today and opportunity to join the Commission at this important time.  Sharon brings both knowledge and experience that will serve the American public and the Commission well.  I look forward to working with her as we continue to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act, and address other issues that are critical to well-functioning and open markets.”

Chairwoman Stabenow Statement On Senate Confirmation Of Sharon Bowen As CFTC Commissioner

Date 03/06/2014

Senator Debbie Stabenow (D-MI), Chairwoman of the U.S. Senate Committee on Agriculture, Nutrition and Forestry, today issued the below statement following Senate confirmation of Sharon Bowen as Commissioner for the Commodity Futures Trading Commission. Bowen, the first African American woman to be appointed commissioner to the CFTC, will play a critical role in helping to lead efforts to implement the reforms contained in The Dodd-Frank Wall Street Reform and Consumer Protection Act.

FIA CEO Walt Lukken Congratulates New CFTC Commissioners

Date 03/06/2014

Walt Lukken, President and CEO of FIA, issued a statement today congratulating the new Commissioners and Chairman of the Commodity Futures Trading Commission. The Senate voted earlier today to confirm Timothy Massad as CFTC Chairman and Sharon Bowen and Christopher Giancarlo as CFTC Commissioners.

“I’m pleased that we now have a full slate of Commissioners to take on the important work ahead for the CFTC. The derivatives industry plays a vital role in hedging risk and reducing price volatility, so it’s important that CFTC rulemaking ensures a healthy, well-regulated and dynamic futures market. The Dodd-Frank Act greatly expanded the scope of the CFTC’s authority, and there are still many important issues that need to be addressed in the implementation of that law. So it is all the more important that the CFTC have a full complement of Commissioners at this critical moment in its history.”

SEC Awards $875,000 To Two Whistleblowers Who Aided Agency Investigation

Date 03/06/2014

The Securities and Exchange Commission today announced a whistleblower award of more than $875,000 to be split evenly between two individuals who provided tips and assistance to help the agency bring an enforcement action.

Federal Reserve Announces New Schedule Of Margins Applicable For Collateral Pledged By Depository Institutions

Date 03/06/2014

The Federal Reserve on Tuesday announced a new schedule of margins applicable for collateral pledged by depository institutions to secure discount window loans and for payment system risk purposes.

SEC Charges Albany, N.Y.-Based Investment Adviser With Defrauding Clients

Date 03/06/2014

The Securities and Exchange Commission today filed an emergency enforcement action to halt an ongoing fraud by an investment adviser based in Albany, N.Y., who is charged with lying to clients about the success of their investments while stealing their money for his personal use.