News Centre

Osaka Securities Exchange: Notice Of Election Of Candidates For The Member Of The Board

Date 15/05/2012

The term of office for all members of the Board (11 Directors) will expire at the conclusion of the 11th General Meeting of Shareholders to be held on June 21, 2012.

Hong Kong's Securities And Futures Commission.Review Of Sentence For Futures Manipulator

Date 15/05/2012

The Securities and Futures Commission (SFC) applied for a review of the sentence imposed on futures manipulator, Mr Tsoi Bun, following his conviction on five charges of manipulating the calculated opening prices of index futures contracts in the futures market. 

Monetary Authority Of Singapore: Reply To Parliamentary Question On Singapore's US$4 Billion Pledge To The International Monetary Fund (IMF)

Date 15/05/2012

Date: For Parliament Sitting on 14 May 2012

Name and Constituency of Member of Parliament
Q373 Mr Desmond Lee, Member of Parliament for Jurong GRC

Question:
To ask the Deputy Prime Minister and Minister for Finance (a) why Singapore needs to make the US$4 billion pledge to the International Monetary Fund (IMF) as announced by MAS on 20 April 2012; (b) whether this funding is intended to be used by the IMF to bail out Eurozone countries from their debt crisis; and (c) what measures will the Ministry and MAS put in place to ensure accountable use of this loan, if called upon by the IMF, and safeguard its repayment.

Response by Mr Tharman Shanmugaratnam, Deputy Prime Minister and Chairman, MAS

1 Singapore has a clear interest in the IMF retaining its ability to ensure the stability of the international economy and monetary system. Given our role as a international financial centre and our heavy dependence on trade, the stability and well-being of the global system is of critical importance to us.

Tokyo Grain Exchange: Suspension Of Generation Of May 2013 Contract Month And Onward Contract Months For Arabica Coffee Futures

Date 15/05/2012

At the Board of Directors meeting held today, the board has decided to suspend the introduction of the May 2013 contract month and onward contract months for the Arabica coffee futures contract.

KVH To Expand Secure Private Cloud Connection - Enabling Flexible And Highly Reliable Cloud Environments

Date 15/05/2012

KVH Co., Ltd., Asia's leading information delivery platform, today announced the launch of KVH IaaS Direct Connection, a private network service for secure cloud connectivity.

Implementing The Investor Education Agenda: IOSCO And IFIE To Hold Conference 20-22 May In Seoul - Co-Sponsored By The Korean Financial Investment Association, Major Event Will Feature Experts From Asia, North America, Europe, South America, The Middle East, And Africa

Date 15/05/2012

The International Forum for Investor Education (IFIE) and the International Organization of Securities Commissions (IOSCO) are holding their fourth joint investor education conference 20-22 May 2012 in Seoul, South Korea. The IFIE/IOSCO conference will be hosted by the Korea Financial Investment Association (KOFIA).

BM&F BOVESPA S.A. - Bolsa De Valores, Mercadorias e Futuros - The Brazilian Stock, Commodities And Futures Exchange - Brazilian Federal Taxpayer (CNPJ) No.09.346.601/0001-25 - Commercial Registry Enrollment (NIRE) No.35.300.351.452 - Notice To Shareholders - Dividends Payment On 07.31.2012

Date 14/05/2012

BM&F BOVESPA S.A. - Bolsa de Valores, Mercadorias e Futuros (“Company”) announces to shareholders that, as a result of the exercise of certain vested options related to the Company Stock Option Plan, as well as the buyback of Company’s shares pursuant to the Buyback Program approved at the Board of Director’s Meeting held on June 16, 2011, the amount per share of dividends distributed to shareholders pursuant to a decision of the Meeting of the Board of Directors held on May 10, 2012, has been adjusted to R$0.11616142 per share, from R$0.11616321, previously.

Statement Regarding Commission Approval of MSRB Rule G-17 Interpretive Notice By SEC commissioners Daniel M. Gallagher And Troy A. Paredes

Date 14/05/2012

On May 4, 2012, the Commission issued an order approving a proposed rule change by the Municipal Securities Rulemaking Board (MSRB) consisting of an interpretive notice concerning the application of MSRB Rule G-17 to underwriters of municipal securities.¹ We write separately to state for the record our views on the MSRB’s interpretive notice, the Commission’s approval order, and the analysis underlying the rulemaking process as a whole.

CFTC Orders ACI Capital Group, L.L.C. And Alexandre P. Guimaraes To Pay Approximately $850,000 In Restitution And Penalty To Settle Forex Fraud Charges

Date 14/05/2012

• The U.S. Commodity Futures Trading Commission (CFTC) today filed and simultaneously settled charges against Alexandre P. Guimaraes and his company, ACI Capital Group, L.L.C. (ACI), both of Irvine, Calif., for fraudulently soliciting customers to trade off-exchange foreign currency contracts (forex), issuing hundreds of false monthly account statements to customers to conceal trading losses, and misappropriating a portion of customer funds. Guimaraes also was charged with acting as an unregistered commodity trading advisor (CTA).

  The CFTC order requires Guimaraes and ACI jointly and severally to pay $428,046.31 in restitution and a $420,000 civil monetary penalty. The order also imposes permanent trading and registration bans against the respondents.

  The order finds that, from about February 2010 to approximately February 2011, Guimaraes and ACI fraudulently solicited more than $465,000 from approximately 29 individuals throughout California and Hawaii to trade forex by falsely representing Guimaraes’ experience trading forex and his purportedly consistently profitable returns.

  However, beginning in April 2010 and continuing until February 2011, the respondents sustained substantial trading losses for ACI customers and failed to disclose the losses to those customers, according to the order. The respondents concealed the losses by issuing hundreds of false monthly account statements to ACI customers, showing that each customer was earning a profit every month, the order finds. In addition, Guimaraes misappropriated more than $44,000 of ACI customer funds, using the funds to pay for personal expenses, the order finds. Finally, the order finds that Guimaraes, on behalf of ACI, acted as a CTA for retail forex without registering with the Commission and that ACI is liable for his conduct.

  CFTC Division of Enforcement staff responsible for this action are Amanda L. Harding, David S. Slovick, Michael Loconte, Erica Bodin, Kathleen M. Banar, Rick Glaser, and Richard Wagner.

Moody's Downgrades Italian Banks - Outlooks Remain Negative - Actions Conclude The Review Announcements Of 15 February 2012 And Other Dates

Date 14/05/2012