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Federal Court In South Carolina Orders Ronald E. Satterfield And Nicholas And Patricia Bos To Pay Over $7.5 Million For Fraud In Connection With A Forex Ponzi Scheme

Date 16/05/2012

The U.S. Commodity Futures Trading Commission (CFTC) obtained two federal court consent orders of permanent injunction, one order requiring defendant Ronald E. Satterfield, of Charleston, S.C., to pay $957,146 of restitution and a $2,871,438 civil monetary penalty, and the other order requiring defendant Nicholas Bos (Bos) of Ludington, Mich., to pay $849,146 of restitution and a $2,547,438 civil monetary penalty, for operating a foreign currency (forex) Ponzi scheme. The Bos order also requires Patricia Bos (P. Bos), a relief defendant and Bos’ wife, to disgorge $295,000 in ill-gotten gains. The orders also impose permanent trading and registration bans against Satterfield and Bos.
Testimony Of U.S. Treasury Deputy Assistant Secretary Lance Auer Before The House Financial Services Financial Institutions Subcommittee On Implementing Title I Of The Dodd-Frank Act: Regulating Ssystemically Important Nonbank Financial Institutions

Date 16/05/2012

Chairman Capito, Ranking Member Maloney, and members of the Subcommittee, thank you for the opportunity to discuss the Financial Stability Oversight Council’s (the Council) rule and guidance for identifying nonbank financial companies that will be subject to enhanced prudential standards and supervision by the Federal Reserve. I serve as the Deputy Assistant Secretary for Financial Institutions at the U.S. Treasury, where I helped coordinate the work of the Council’s members in developing the rule and guidance setting out the Council’s process and analysis for evaluating nonbank financial companies for supervision and regulation.
SEC Charges U.S. Perpetrators In $35 Million International Boiler Room Scheme

Date 16/05/2012

The Securities and Exchange Commission today charged a Hawaii resident and two firms he used to orchestrate a scheme in which he covertly founded small companies, installed management, and recruited overseas boiler rooms that pressured investors into buying their stock while he pocketed more than $2 million in consulting fees from proceeds of the fraudulent stock sales.
Industry Pros Continue Migration To WallachBeth Capital - More New Hires For Go-To Execution Experts

Date 16/05/2012

WallachBeth Capital LLC (“WB”), the institutional brokerage/execution firm specializing in exchange-traded funds (ETFs), equities and options, announced its further expansion with the recent hiring of Jennica Ross, who will oversee strategic client relationships, and options and merger arbitrage specialist Randy Sharringhausen. Both Ms. Ross and Mr. Sharringhausen will report to WallachBeth’s senior principals, CEO Michael Wallach and President/COO David Beth.
FINRA Enhances BrokerCheck Capabilities

Date 16/05/2012

The Financial Industry Regulatory Authority (FINRA) today announced that it has added features to BrokerCheck to help users more easily access broker-dealer and investment adviser registration information. Several changes implemented by FINRA address recommendations made in a January 2011 study by the Securities and Exchange Commission (SEC).

IND-X Announces Purchase Of Enzard Limited - Enzard’s Research Management And Marketing Business Will Boost IND-X Expansion Globally - Acquisition Will Enable IND-X’s PORT CSA Suite To Become De Facto CSA Standard

Date 16/05/2012

IND-X, the execution and commission management platform, is pleased to announce that it has recently completed the purchase of Enzard Limited, Asia’s leading independent research marketing and support provider. This deal will enable IND-X, as part of Leading Asia (a 100% subsidiary of Leading Investment and Securities Ltd - one of the most innovative financial companies in South Korea), to expand its product offering and services to become one of the foremost independent research, execution and commission share platforms globally.
CalPERS And GI Partners Launch $500 Million Fund To Buy Technology Advantaged Core Real Estate

Date 16/05/2012

The California Public Employees' Retirement System (CalPERS) announced today the launch of TechCore, LLC, a $500 million core real estate fund established with its real estate partner GI Partners to invest in technology advantaged properties in the United States.
NYSE Euronext Joins Discover America Partnership

Date 16/05/2012

NYSE Euronext (NYX) has joined the Discover America Partnership, an intensive advocacy and grassroots campaign to grow U.S. exports and jobs through visa and entry reforms that will enable the United States to regain the 17 percent market share of overseas travelers it had in 2000 by 2015.
Federal Open Market Committee Announces Revised Tentative 2012 Meeting Schedule And Tentative 2013 Meeting Schedule

Date 16/05/2012

The Federal Open Market Committee (FOMC) on Wednesday announced a revised tentative meeting schedule for 2012 and a tentative meeting schedule for 2013. In order to provide ample time for the Committee's usual discussions, these meetings have been scheduled to take place over two days. In addition, the FOMC announced that, going forward, the presentation of the Summary of Economic Projections and the Chairman's press conference will occur in conjunction with the meetings scheduled for the third month of each quarter (March, June, September, and December).
SIFMA Testifies On Increasing Market Access For U.S. Financial Firms In China

Date 16/05/2012

SIFMA today testified before the House Financial Services Committee’s Subcommittee on International Monetary Policy and Trade to discuss market access in China and progress made in the Strategic & Economic Dialogue (S&ED).