News Centre

SEC Charges Financial Executive In Minnesota With Diverting Company Dollars To Pay Unauthorized Entertainment Expenses

Date 28/09/2012

The Securities and Exchange Commission today charged the former chief financial officer of a Minnetonka, Minn.-based manufacturer of computer networking devices for secretly diverting company funds to cover unauthorized personal expenses and other employees’ entertainment expenses that lacked any legitimate business purpose.

CFTC.Gov Commitments Of Traders Reports Update

Date 28/09/2012

The current reports for the week of September 25, 2012 are now available.

ISDA Comments On The Recommendations Of The UK’s Financial Services Authority On Libor

Date 28/09/2012

The International Swaps and Derivatives Association, Inc. (ISDA) fully supports the view of, and recommendation by, the Financial Services Authority to comprehensively reform Libor, rather than replacing it.  As outlined in our response to the Wheatley Review on September 7, ISDA believes that economically Libor continues to be hugely relevant to, and necessary for the proper functioning of, the OTC derivatives market and the underlying markets to which the derivatives relate. 

Federal Court Orders Martin B. Rosenthal To Pay $1.2 Million For Aiding And Abetting The Making Of False Statements To The NFA, Failing To Register As A Commodity Trading Advisor, And Violating A Previous CFTC Order

Date 28/09/2012

The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained a federal court order requiring Martin B. Rosenthal of Fort Lauderdale, Fla., to pay a civil monetary penalty of $598,000 and disgorgement of $598,000 for aiding and abetting the willful concealment of material facts and the making of false statements to the National Futures Association (NFA), violating a previous CFTC order, and acting as an unregistered Commodity Trading Advisor (CTA). The order also imposes permanent trading and registration bans against Rosenthal and permanently prohibits him from further violations of the Commodity Exchange Act, as charged.

European Commission Statement On The Publication Of Results Of Stress Tests Of Spanish Banks

Date 28/09/2012

The European Commission welcomes today’s publication by the Spanish authorities of the results of the independent valuation of Spanish banks. This is a major step in implementing the financial-assistance programme and towards strengthening the viability of and confidence in the Spanish banking sector.

Athens Exchange Market Operations Committee Decision

Date 28/09/2012

The  Market Operations Committee  of ATHEX, during today's session, approvedthe application of price fluctuation limits of ±10%, for October  2012, for thelow turnover velocity Stocks of the ATHEX Main Market (monthly average velocity of last month less or equal to 0.01%) presented in  Table 1,  according to the ATHEX Board Decision 22.

TOM MTF Statistics Week 39

Date 28/09/2012

Click here to download the weekly statistics update of TOM MTF for week 39 - 2012. 

CFTC Charges Boston Resident John B. Wilson And His Company With Commodity Pool Fraud - Defendants Are Also Charged wWth Acting As Unregistered Commodity Pool Operators

Date 28/09/2012

The U.S. Commodity Futures Trading Commission (CFTC) today filed a civil complaint in federal district court in Boston, Massachusetts, against Boston-based John B. Wilson and his company, JBW Capital LLC(JBW). The complaint charges that from July 2007 through at least May 2010, the defendants solicited and obtained at least $1.8 million from approximately 30 participants and acted as Commodity Pool Operators without being registered as such or exempt from CFTC registration.

IMF Managing Director Christine Lagarde Welcomes The Completion Of Spain’s Banking Sector Valuation

Date 28/09/2012

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), made the following statement today:

“I welcome the completion of the Spanish banking sector valuation announced today by the Spanish authorities. This thorough and transparent independent valuation of assets and stringent stress tests will help provide significant and helpful differentiation among financial institutions. Public funding of the banks’ actual capital needs, which are expected to be lower than the amounts identified in the stress tests, can be financed comfortably under the recapitalization program supported by Spain’s European partners."

ECB Welcomes Announcement By Spanish Authorities On Bottom-Up Stress Test

Date 28/09/2012

The European Central Bank (ECB) welcomes today’s publication by the Spanish Government and the Banco de España of the results of the independent evaluation of the Spanish banking sector.