News Centre

SEC's Enforcement Program Continues To Show Strong Results In Safeguarding Investors And Markets - Last Two Years Reflect Two Highest Numbers Of Total Actions Brought By SEC

Date 14/11/2012

Building on last year’s record results, the Securities and Exchange Commission today announced that it filed 734 enforcement actions in the fiscal year that ended Sept. 30, 2012, one shy of last year’s record of 735. Most significantly, that number included an increasing number of cases involving highly complex products, transactions, and practices, including those related to the financial crisis, trading platforms and market structure, and insider trading by market professionals. Twenty percent of the actions were filed in investigations designated as National Priority Cases, representing the Division’s most important and complex matters.

CFTC Seeks Public Comment On Request From ICE Clear Europe Limited For Order Permitting Portfolio Margining Of Swaps And Security-Based Swaps In A Customer Account

Date 14/11/2012

The Commodity Futures Trading Commission (Commission) is requesting public comment on a petition submitted by ICE Clear Europe Limited (ICE Clear Europe) for an order pursuant to Section 4d(f) of the Commodity Exchange Act (Act).

SIFMA Statement On Revision To Its Standard MSFTA

Date 14/11/2012

SIFMA today released the following statement on the revision to its standard Master Securities Forward Transaction Agreement (MSFTA):

“In coordination with the Treasury Market Practices Group (TMPG), SIFMA is pleased to announce that it has updated its 1996 Master Securities Forward Transaction Agreement (MSFTA) with a view towards making it a more broadly acceptable document that can support the TMPG recommendation that forward-settling agency MBS transactions be margined by both parties in order to mitigate counterparty and systemic risk."

SEC Approves Further Regulatory Relief And Assistance For Hurricane Sandy Victims

Date 14/11/2012

The Securities and Exchange Commission today issued an order providing regulatory relief to publicly traded companies, investment companies, accountants, transfer agents, and others affected by Hurricane Sandy.

"The Observer Effect”, CFTC Commissioner Bart Chilton’s Speech To Risk USA 2012, New York, NY

Date 14/11/2012

Good morning! It’s good to be with you today. Thank you for the kind invitation. Let’s do something a little unconventional this morning. Let’s talk about science as our guidepost for what’s going on with financial regulatory reform under Dodd-Frank—that is: the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. As part of that, we will of course want to talk risk—a reason you’re here at Risk USA.

DTCC Statement On Condition Of Securities Vault

Date 14/11/2012

The Depository Trust & Clearing Corporation (DTCC) has begun the initial phase of recovering the contents of its securities vault. Our analysis of the condition of the vault, once we were able to open it, was that significant flooding and water damage occurred throughout the facility. While it is premature to determine the full extent of the damage, it is essential to begin the restoration process to avoid further deterioration.

Dissenting Statement Regarding The Commission’s Appeal Of The District Court Decision On The Commission’s Position Limit Rule - CFTC Commissioner Scott D. O’Malia

Date 14/11/2012

When I voted against the Commission’s final position limit rule last November, I expressed dismay that the Commission had failed to utilize its expertise to lay the necessary foundation for the establishment of position limits. A federal district court affirmed my reasoning in striking down the rule in September. Regrettably, instead of taking the opportunity to revise its flawed reading of the statute, the Commission has decided to double down on its no-justification-needed stance by appealing the district court's ruling.

SEC And Justice Department Release FCPA Guide

Date 14/11/2012

The Securities and Exchange Commission and the Department of Justice today released A Resource Guide to the U.S. Foreign Corrupt Practices Act. The 120-page guide provides a detailed analysis of the U.S. Foreign Corrupt Practices Act (FCPA) and closely examines the SEC and DOJ approach to FCPA enforcement.

EEX Pushes Trading In Emissions - No Annual Fee For New Participants – New Volume Rebates

Date 14/11/2012

The European Energy Exchange (EEX) creates further incentives for trading Emission Allowances on its markets. Although companies that wish to trade exclusively on the Spot and Derivatives Markets for Emission Allowances can already join EEX via the “Emissions Only”-Membership, EEX now waives the Annual Fee for 2013 totalling 5,000 Euro per market, for those companies who register for “Emissions Only” on the exchange until 31 December 2012.

NYSE Bonds Launches NYSE Bondwatch - Tool Provides Access To Transparent Corporate Bond Quotes

Date 14/11/2012

NYSE Euronext's fixed income trading platform in the U.S., NYSE Bonds, today announced the launch of NYSE Bondwatch, a web-based tool that provides investors access to transparent, pre-trade pricing data on individual corporate bonds. Bond investors can now freely access this information and use it to help determine the current market for specific corporate bonds.