News Centre

U.S. Department Of Justice: Three Indicted In New York In $5 Million Fraud Scheme

Date 13/08/2012

Two of three men who allegedly defrauded an individual in a funds leasing scheme have been arrested on an indictment charging them with conspiracy and wire fraud.  Thomas Bannon, the president of Overseas Investors LLC; Robert Bardey, an attorney; and Theodore Sweeten, the president of Symtech International Inc., are charged in an 11-count indictment in federal court in Brooklyn.  Bardey was arrested and arraigned on July 30, 2012.  Sweeten was arrested on Aug. 10, 2012, and his initial appearance is scheduled this afternoon before U.S. Magistrate Judge Michael J. Watanabe at the Alfred A. Arraj U.S. Courthouse in Denver.  Bannon is a fugitive.  The case has been assigned to U.S. District Judge Nicholas G. Garaufis in the Eastern District of New York.

KCBT Labor Day Trading Hours - Schedule For Days Surrounding The Labor Day Holiday

Date 13/08/2012

In coordination with U.S. stock and commodity exchanges, the Kansas City  Board of Trade will observe the following trading hours on the days before and  after the upcoming Labor Day holiday.

The Autorité Des Marchés Financiers Draws Attention To Publication Of The European “EMIR” Regulation

Date 13/08/2012

Regulation n° 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTCderivatives, central counterparties and trade repositories (EMIR) was published in the Official Journal of the European Union on 27 July 2012. It will come into force on 16 August 2012

NYSE Euronext: Corporate Board Member/FTI Consulting Survey Finds Companies Focusing On Rising Legal Risks

Date 13/08/2012

Escalating risk surrounding cyber security and IT strategy, operations and corporate reputation are top concerns for U.S. directors and general counsel as revealed in the 12th annual Law and the Boardroom Study by Corporate Board Member, an NYSE Euronext company, and FTI Consulting, Inc. (NYSE: FCN).

Closure Of Bursa Malaysia Berhad – Hari Raya Aidil Fitri Celebrations

Date 13/08/2012

Bursa Malaysia would like to announce that all its offices will be closed on Monday, 20 August 2012 and Tuesday, 21 August 2012 in conjunction with the Hari Raya Aidil Fitri celebrations. The Exchange will resume its operations on Wednesday, 22 August 2012.

TMX Group's Razor Risk 3.0 Launches At ASX - Latest Version Of Razor Risk Brings Significant Improvements

Date 13/08/2012

TMX Group Inc.'s (TSX:X) technology business, TMX Technology Solutions, today announced that Razor Risk 3.0 launched at ASX Group (ASX), Australia's multi-asset class, vertically integrated exchange group, and one of the world's top-10 listed exchanges.

Press Conference by Tadahiro Matsushita, Japan's Minister For Financial Services - Securities Firms Internal Control Systems And Governance

Date 13/08/2012

(Excerpt)

(Tuesday, August 7, 2012, from 9:27 a.m. to 10:05 a.m.)

[Questions & Answers]

Q.

Regarding insider trading related to public offerings of new shares, a media report has stated that Japan Advisory had business relations with all of the 12 companies ordered to review their information management systems. Is that true? If so, what actions will the Financial Services Agency (FSA) take?

A.

In relation to their systems for managing corporate information, on August 3, the 12 companies reported, first, on their internal organization, second, on the management status of corporate information and, third, on their challenges and countermeasures.

I would like to refrain from commenting on the specifics of their reports.

However, I understand that even though the companies have developed systems for managing corporate information to a reasonable degree, they have identified new challenges in light of the series of insider trading cases and they will make improvement efforts.

As to the status of specific transactions, such as transactions with Japan Advisory, I would like to refrain from making comments.

Generally speaking, if a problem is recognized, the FSA will of course appropriately share information with the Securities and Exchange Surveillance Commission (SESC). The FSA will also take strict actions in accordance with the laws and regulations.

On June 29, the FSA rescinded Japan Advisory's registration and ordered the company to improve its business operation, as you know.

Hedge Fund Association’s China Chapter Launches New, Local Chapter In World’s Largest City - Shanghai Chapter To Give HFA’s China Organization Stronger Regional Presence In Asia’s Biggest Financial Center

Date 13/08/2012

The Hedge Fund Association, an international organization that represents hedge funds, service providers and investors, announced today that their recently formed China Chapter is putting down roots in Shanghai, the world’s largest city by population and the most important commercial and financial center in China. Headed by Yiming Di, principal at China-focused consulting firm Schmittzehe and Partners, the goal of the Shanghai Chapter is to work with the city’s alternative investments firms in support of the HFA China Chapter’s goals of advocating for and educating the public about the Chinese hedge fund industry.

Abu Dhabi Securities Exchange Appoints Legal Advisor

Date 13/08/2012

Abu Dhabi Securities Exchange (ADX) announced today that Mr. Abdul Salaam Al Blooshi has joined ADX as its new legal advisor.

Swissrisk Financial Systems Now Dion Global Solutions - European Banking Software Specialist Rebrands After Majority Stake Acquisition

Date 13/08/2012

Swissrisk Financial Systems GmbH (Swissrisk) has today announced it has rebranded as Dion Global Solutions GmbH. The move follows a majority stake acquisition by Dion in January 2012. The firms have already seen clear benefits from working together through shared intelligence, product development and working practices, and the rebrand stands to further enhance and streamline this.