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  • Former Hedge Fund Research Analyst Pleads Guilty In New York Federal Court To Insider Trading Charges

    Date 28/09/2012

    Jon Horvath, 42, of San Francisco, a former research analyst at a hedge fund in New York, pleaded guilty today in New York City federal court to charges arising from his involvement in a $61.8 million insider trading scheme, announced Preet Bharara, the U.S. Attorney for the Southern District of New York.  The alleged scheme involved multiple analysts and portfolio managers at different hedge funds and investment firms who allegedly exchanged material, nonpublic information (inside information) about publicly traded technology companies, including Dell Inc. and NVIDIA Corp. Horvath was arrested and charged by complaint in January 2012, and was further charged in a superseding indictment in August 2012.  He pleaded guilty before U.S. District Judge Richard J. Sullivan.

  • SIFMA Supports Important District Court Ruling On ISDA/SIFMA Position Limits Lawsuit

    Date 28/09/2012

    The International Swaps and Derivatives Association, Inc. (ISDA) and the Securities Industry and Financial Markets Association (SIFMA) are pleased with today’s ruling vacating the Commodity Futures Trading Commission’s (CFTC) final rule limiting the positions that investors may own in certain commodities. 

  • Statement Regarding District Court Ruling On ISDA/SIFMA Position Limits Lawsuit

    Date 28/09/2012

    “ISDA and SIFMA are pleased with today’s ruling by the D.C. District Court in their suit against the Commodity Futures Trading Commission’s (CFTC) final rule that limits the positions that investors may own in certain commodities. The Court’s ruling today vacates the rule and remands it back to the CFTC.  The position limits rule would adversely impact commodities markets and market participants, including end-users, by reducing liquidity and increasing price volatility. On behalf of our members in the U.S. and around the world, we are pleased that the rule has been vacated and sent back to the CFTC for reconsideration. We are committed to working with the Commission and other regulators to promote safe, efficient markets.”

  • NYSE Announces Fourth-Quarter 2012 Circuit-Breaker Levels

    Date 28/09/2012

    The New York Stock Exchange will implement new circuit-breaker collar trigger levels for fourth-quarter 2012 effective Monday, October 1, 2012.

  • Response To BCBS Consultative Document, Fundamental Review Of The Trading Book

    Date 28/09/2012

    ISDA’s Risk Management Team works with members, regulators and policy makers to develop rules which ensure that appropriate, prudent and risk sensitive capital charges are applied uniformly to the various financial risks faced by the industry. The group continually seeks to define best practice in each area and assist all stakeholders in achieving this.