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Treasury Announces Further Sales Of Citigroup Securities And Cumulative Return To Taxpayers Of $41.6 Billion

Date 30/09/2010

The U.S. Department of the Treasury announced today that it priced a secondary offering of all Citigroup trust preferred securities (TruPS®) received pursuant to the Asset Guarantee Program (AGP). The aggregate gross proceeds from the offering, all of which represent a net gain or profit to the taxpayer under the AGP, will be $2.246 billion. The closing of the TruPS® sale is expected to occur on Tuesday, Oct
CFTC Issues Request For Comment On Options For A Proposed Exemptive Order Relating To The Trading And Clearing Of Precious Metal Commodity-Based ETFs And Concept Release

Date 30/09/2010

The Commodity Futures Trading Commission (CFTC) today issued a Federal Register release containing both a Request for Comment on Options for a Proposed Exemptive Order Relating to the Trading and Clearing of Precious Metal Commodity-Based Exchange-Traded Funds (ETFs) and a Concept Release regarding a March 1, 2010, submission from the Options Clearing Corporation (OCC). The OCC has requested approval of a rule amendment that would permit options and futures on ETF Securities Ltd.’s Physical
Preqin: Global Private Equity Fundraising Still Slow, But Turning Corner - $57bn Raised In Q3 2010, A 16% Increase On The $49bn Collected In Q2 - Conditions Still Challenging, But Further Improvement Expected In Q4 2010 And Beyond

Date 30/09/2010

Putting the Results in Context: 81 private equity funds worldwide reached a final close in Q3 2010 raising an aggregate $57bn, a small increase from the $49bn raised in Q2 2010. Preqin would anticipate these figures rising slightly (10% - 20%) as further information becomes available. It is clear that fundraising remains extremely challenging, and is occurring at a fraction of the rate that the industry was seeing in 2006 – 2008. However, Preqin is projecting that conditions will con
Testimony Before The Senate Committee On Banking, Housing, And Urban Affairs - CFTC Chairman Gary Gensler

Date 30/09/2010

Good morning Chairman Dodd, Ranking Member Shelby and members of the Committee. I thank you for inviting me to today’s hearing on implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act. I am honored to appear at today’s hearing alongside fellow regulators with whom we are working so closely to implement the Dodd-Frank Act. I also look forward to joining my fellow panelists as members of the new Financial Stability Oversight Council (FSOC). I am pleased to testify on be
Statement By The US Treasury Department On AIG Exit Plan

Date 30/09/2010

Today, American International Group Inc. (AIG) announced that it has reached an agreement-in-principle with the US Department of the Treasury, the Federal Reserve Bank of New York, and the trustees of the AIG Credit Facility Trust to restructure the company, putting it in a stronger position to repay taxpayers.

“Clearinghouses As Mitigators Of Systemic Risk” - Remarks Before The Capital Markets Consortium - CFTC Commissioner Jill E. Sommers

Date 30/09/2010

Thank you for that kind welcome. It is an honor to be here today with the Capital Markets Consortium to discuss new clearing mandates imposed by Dodd-Frank, the current state of regulatory reform at the CFTC, where I think the CFTC will be heading in the next year or so, and what I believe are some of the more difficult challenges the CFTC and market participants will face as the Dodd-Frank Wall Street Reform and Consumer Protection Act is implemented.
NYSE Announces Fourth-Quarter 2010 Circuit-Breaker Levels

Date 30/09/2010

The New York Stock Exchange will implement new circuit-breaker collar trigger levels for fourth-quarter 2010 effective Friday, October 1, 2010.
CFTC Charges Texas-Based Company And Its Principals With Issuing False Account Statements In Foreign Currency Anti-Fraud Action - Total Call Group, Inc., Thomas Patrick Thurmond And Craig B. Poe Solicited Approximately $808,000 From Customers

Date 30/09/2010

The U.S. Commodity Futures Trading Commission (CFTC) today charged Total Call Group, Inc. (aka TPFX, Inc. a/k/a Power Play FX) of Frisco, Texas, and its principals, Craig B. Poe, also of Frisco, and Thomas Patrick Thurmond (aka Patrick Thurmond) of San Antonio, Texas, with issuing false customer account statements in connection with an off-exchange foreign currency (forex) fraud.
SEC Charges Family Insider Trading Ring in Million-Dollar Scheme

Date 30/09/2010

The Securities and Exchange Commission today charged a pair of freight railway employees and four family members with perpetrating an insider trading scheme that garnered more than $1 million in illegal profits.
CFTC Charges Rodney W. Whitney, Nicholas T. Cox And Their Trading Firm, Integra Capital Management LLC, With Operating A $3 Million Ponzi Scheme - Federal Court Freezes Assets Of The North Carolina-Based Defendants Charged With Fraud And Misappropriation.

Date 30/09/2010

The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained an emergency federal court order freezing the assets of defendants Rodney W. Whitney of Thomasville, N.C., Nicholas T. Cox of Denton, N.C., and Integra Capital Management LLP (Integra Capital), which formerly operated out of High Point, N.C. The order, entered on September 29, 2010 by Judge Thomas D. Schroeder of the U.S. District Court for the Middle District of North Carolina, also pr