News Centre

Federal Court Orders Colorado Defendants Flint-McClung Capital LLC And Shawon McClung To Pay Over $6 Million In CFTC Action Charging Them With Running Forex Ponzi Scheme

Date 18/04/2012

The U.S. Commodity Futures Trading Commission (CFTC) today announced that the U.S. District Court for the District of Colorado entered an order against defendants Flint-McClung Capital LLC(FMC), of Englewood, Colo., and Shawon McClung, formerly of Denver, Colo., requiring them jointly and severally to pay restitution of $1,701,250 and a $4.3 million civil monetary penalty. The order also imposes permanent trading and registration bans against the defendants.

Standard & Poor's Announces Changes In The S&P/TSX Canadian

Date 18/04/2012

Standard & Poor's will make the following changes in the S&P/TSX Canadian Indices:

NovaGold Resources Inc. (TSX:NG) has announced the implementation schedule for the previously announced spinoff of its copper assets in Alaska. Shareholders of NovaGold will receive one share of NovaCopper Inc. (TSX:NCQ) for every 6 common shares of NovaGold held.

Virginia Federal Court Orders Ronald W. Smith, Jr., Doing Business As Safeguard 3030 Investment Club, To Pay More Than $3 Million In Forex Ponzi Scheme - In A Related Criminal Proceeding, Smith Pleaded Guilty To Federal Criminal Felony Charges

Date 18/04/2012

The U.S. Commodity Futures Trading Commission (CFTC) today announced that a federal court in Virginia entered a final default judgment and permanent injunction against Ronald W. Smith, Jr. of Vansant, Va., doing business as Safeguard 3030 Investment Club (Safeguard). The court’s order, entered on April 16, 2012, by Judge James P. Jones of the U.S. District Court for the Western District of Virginia, requires Smith to pay a $2,008,251 civil monetary penalty and restitution of $1,064,923. The order imposes permanent trading and registration bans against Smith.

DTCC Appoints Marie Chinnici-Everitt Chief Marketing Officer

Date 18/04/2012

The Depository Trust & Clearing Corporation (DTCC) announced today that Marie Chinnici-Everitt has been appointed to the new position of Managing Director and Chief Marketing Officer. A well-respected financial marketing and communications industry leader, Chinnici-Everitt brings over 25 years of experience to DTCC.

The Montreal Exchange’s S&P/TSX 60 Index Mini Futures Contract Has Been Deemed Certified And May Be Offered To U.S. Persons Through Direct Access Effective April 19, 2012

Date 18/04/2012

On March 28, 2012, the Montreal Exchange (MX) requested expedited Commodity Futures Trading Commission (CFTC) review of the MX’s S&P/TSX 60 Index Mini futures contract so that it may be offered to U.S. persons. MX also requested that the contract may be made available through direct access terminals in the United States.

SEC Adopts Rule Defining Swaps-Related Terms For Regulating Derivatives

Date 18/04/2012

The Securities and Exchange Commission today unanimously adopted a new rule to define a series of terms related to the over-the-counter swaps market.

Remarks By Under Secretary For Domestic Finance Mary Miller At The Annual Conference Of The National Federation Of Municipal Analysts

Date 18/04/2012

Good morning. I appreciate the invitation to join you at your annual conference here in Las Vegas. For those of you who do not know, I worked in the fixed-income markets for more than twenty-five years before joining Treasury at the beginning of 2010. In my prior job I was an active participant in the municipal securities market – in fact I see a number of familiar faces and firms here today. During my career I came to understand the quality of the National Federation of Municipal Analysts. This organization is an important voice in the municipal securities market. I am looking forward today to discussing the priorities of the Treasury Department in areas affecting domestic finance, and in particular the areas that relate to the municipal securities markets.

SIX Swiss Exchange Bonds Quarterly Statistics: 1st Quarter 2012

Date 18/04/2012

Remarks By Assistant Secretary For Financial Institutions Cyrus Amir Mokri On Financial Regulatory Reform And International Coordination At The 2012 Spring Meeting Of The American Bar Association’s (ABA) Section Of International Law

Date 18/04/2012

Good afternoon. It is a privilege to address the International Section of the American Bar Association, and to be speaking about international regulatory reform. The subject matter is particularly timely given that the world’s finance ministers will gather in Washington, D.C. for the G-20 this weekend.

IMF Global Financial Stability Report - The Quest For Lasting Stability

Date 18/04/2012

The April 2012 Global Financial Stability Report assesses changes in risks to financial stability over the past six months, focusing on sovereign vulnerabilities, risks stemming from private sector deleveraging, and assessing the continued resilience of emerging markets. The report probes the implications of recent reforms in the financial system for market perception of safe assets, and investigates the growing public and private costs of increased longevity risk from aging populations.