News Centre

SEC Charges Denver-Based Businessman With Insider Trading

Date 15/04/2013

The Securities and Exchange Commission today charged a prominent Denver-based businessman with insider trading based on confidential information he obtained from the CEO of an oil and gas company that was about to secure a huge investment.

DTCC Expands Tampa Operations - Up To 255 New Jobs And $4.8 Million In Capital Improvements Planned

Date 15/04/2013

The Depository Trust & Clearing Corporation (DTCC) announced today that it has chosen Tampa as the expansion location for up to 255 high-wage, new jobs with total average compensation more than double the regional average salary of $46,000. In addition, the company announced a $4.8 million investment in its only Florida campus as part of the company’s long-term expansion strategy.

“Kaleidoscopes” - Speech Of CFTC Commissioner Bart Chilton At Washington University In St. Louis, St. Louis, MO , April 15, 2013

Date 15/04/2013

Introduction

How do you do Wash U?  Thanks to President (James) Bullard and Professor (Christopher) Waller for the invitation to be with you today.  I’m sure each of you knows this, but what lucky folks you are to have the benefit of spending some time with these “smartest of the smart” economists.  I’m envious.

U.S. Agencies Provide Additional Instructions For Submission Of Some Resolution Plans

Date 15/04/2013

The Federal Reserve Board (Board) and the Federal Deposit Insurance Corporation (FDIC) on Monday announced the release of additional guidance, clarification and direction for the first group of institutions filing their resolutions plans pursuant to the Dodd-Frank Act.

Shariyah Review Bureau Partners With Simply Sharia Human Capital To Deliver Islamic Finance Training (IFQ)

Date 15/04/2013

Simply Sharia Human Capital (SSHC) is delighted to offer the Islamic Finance Qualification (IFQ) in collaboration with prominent Gulf-based Sharia Advisors, Shariyah Review Bureau (SRB).

SEC Charges Former Rochdale Securities Broker For Rogue Trades That Brought Down Firm

Date 15/04/2013

The Securities and Exchange Commission today charged a former employee at a Connecticut-based brokerage firm with scheming to personally profit from placing unauthorized orders to buy Apple stock. When the scheme backfired, it ultimately caused the firm to cease operations.

Federal Court In California Orders National Equity Holdings, Inc. And Its Principal, Robert J. Cannone, To Pay Over $3.6 Million To Settle Fraud Charges In CFTC Action

Date 15/04/2013

The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained a federal court Order against Defendants National Equity Holdings, Inc. (National Equity) and its Principal,Robert J. Cannone, both of Orange County, California, requiring them to pay restitution to defrauded customers in accordance with restitution set in a related criminal action at $1,059,096 (U.S. v. Cannone, SACR 11-263). The Consent Order of Permanent Injunction also imposes civil monetary penalties of $2.8 million on National Equity and $800,000 on Cannone. The Order also imposes permanent trading and registration bans against the Defendants and prohibits them from violating the anti-fraud provisions of the Commodity Exchange Act (CEA), as charged.

Letter On Margin Requirements For Non-Centrally-Cleared Derivatives

Date 15/04/2013

Click here to download a letter from ISDA, the IIF, the AFME and SIFMA to global policymakers on margin requirements for non-centrally-cleared derivatives.

FINRA Files Complaint Charging John Thomas Financial, CEO Tommy Belesis With Fraud - Intimidation Of Its Reps. And Multiple Market Violations Cited In Complaint

Date 15/04/2013

The Financial Industry Regulatory Authority (FINRA) announced today that it has filed a complaint against John Thomas Financial (JTF), of New York, NY, and its Chief Executive Officer, Anastasios "Tommy" Belesis, charging fraud in connection with the sale of America West Resources, Inc. (AWSR) common stock, intimidation of registered representatives, trading ahead, failing to provide best execution for customer orders and various other violations. The complaint also names Michele Misiti, Branch Office Manager; John Ward, trader; Joseph Castellano, Chief Compliance Officer; and Ronald Vincent Cantalupo, Regional Managing Director.

Trading Technologies To Provide Connectivity To MexDer

Date 15/04/2013

Trading Technologies International, Inc. (TT) and The Mexican Derivatives Exchange (MexDer) today announced that TT has linked its X_TRADER® derivatives trading platform to MexDer, the leading marketplace for trading derivatives on Mexican benchmarks, via the CME Group’s Globex® platform. TT’s connection launched concurrently with CME’s iLink enhancements for MexDer via Globex, which were released on April 14.