News Centre

CFTC Obtains Final Judgment Against Italian National Carmine Garofalo Charged With Illegal Trading - Court Orders Distribution Of Frozen Assets Resulting In Full Restitution To Fraud Victim

Date 31/08/2011

The U.S. Commodity Futures Trading Commission (CFTC) announced today that the U.S. District Court for the Northern District of Illinois entered a final default judgment on May 5, 2011, against defendantCarmine Garofalo, an Italian national who purports to reside in Tunisia, requiring him pay $614,925 in restitution and a $1,844,775 civil monetary penalty. The CFTC charged Garofalo with fraud and noncompetitive trading in connection with transactions executed on the Chicago Mercantile Exchange (CME) in March 2010 (see CFTC Press Release 5813-10, April 22, 2010).

Speech By SEC Chairman Mary Schapiro: Opening Statement At SEC Open Meeting - Item 1 – Use Of Derivatives By Funds

Date 31/08/2011

Good morning. This is an open meeting of the U.S. Securities and Exchange Commission on August 31, 2011.

Preliminary Annual Report On U.S. Holdings Of Foreign Securities

Date 31/08/2011

Preliminary data from an annual survey of U.S. portfolio holdings of foreign securities at year-end 2010 were released today and posted on the Treasury web site at link. Final survey results, which will include additional detail as well as revisions to the data, will be reported on October 31, 2011.

Statement From NY Attorney General’s Office On Department Of Justice’s Lawsuit To Block AT&T, T-Mobile Merger

Date 31/08/2011

Antitrust Bureau Chief of the New York Attorney General’s Office Richard L. Schwartz today issued the following statement regarding the U.S. Department of Justice’s lawsuit to block the proposed merger of AT&T and T-Mobile:

“Attorney General Schneiderman looks forward to reviewing the Department of Justice’s complaint to determine the best course forward on behalf of New York consumers and businesses."

SEC Seeks Public Comment On Asset-Backed Issuers And Mortgage-Related Pools Under Investment Company Act

Date 31/08/2011

The Securities and Exchange Commission today voted unanimously to request public comment on the treatment of asset-backed issuers as well as real estate investment trusts (REITs) and other mortgage-related pools under the Investment Company Act.

STOXX Changes Composition Of Blue-Chip Indices - Regular Annual Review To Be Effective On September 19, 2011

Date 31/08/2011

STOXX Limited, the market-moving provider of innovative, tradable and global index concepts, today announced the results of the regular annual review of the STOXX Blue-Chip Indices, among them theSTOXX Europe 50, EURO STOXX 50, STOXX Nordic 30 and STOXX EU Enlarged 15 indices; as well as the results of the second semi-annual review of the STOXX Eastern Europe 50 Index. All changes will be effective with the open of European markets on September 19, 2011.

George Handjinicolaou Rejoins ISDA As Deputy Chief Executive Officer And Head Of Europe

Date 31/08/2011

The International Swaps and Derivatives Association, Inc. (ISDA) today announced that George Handjinicolaou will return to ISDA as Deputy Chief Executive Officer and Head of ISDA Europe, effective immediately. Mr. Handjinicolaou will be based in ISDA’s European headquarters in London.

SEC Seeks Public Comment On Use Of Derivatives By Mutual Funds And Other Investment Companies

Date 31/08/2011

The Securities and Exchange Commission today voted unanimously to seek public comment on a wide range of issues raised by the use of derivatives by mutual funds and other investment companies regulated under the Investment Company Act.

INTL FCStone Completes Acquisition Of Ambrian Commodities

Date 31/08/2011

INTL FCStone Inc. (Nasdaq:INTL) today announced that INTL Global Currencies Limited, its wholly-owned subsidiary in the United Kingdom, has completed its acquisition of Ambrian Commodities Limited (ACL), the London Metals Exchange (LME) brokerage subsidiary of Ambrian Capital Plc. The London-based ACL, currently a non-clearing LME member, specializes in the development and execution of risk-management programs designed to hedge price fluctuations in base metals for a wide variety of producers, manufacturers and fabricators.

SEC Halts Fraud By Manager Of Startup Quantitative Hedge Fund

Date 31/08/2011

The Securities and Exchange Commission today announced an asset freeze against a Chicago-area money manager and his hedge fund advisory firm that the SEC charged with lying to prospective investors in their startup quantitative hedge fund. A federal court today entered a preliminary injunction order in the case, which was unsealed earlier this week.