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  • BM&FBOVESPA Announces New Selection Process For Unsponsored Level 1 BDRs - Depository Institutions Have Until March, 18, 2011 To Send In Proposals

    Date 18/02/2011

    BM&FBOVESPA announce the start of a new selection process for depository institutions authorized to issue Unsponsored Level 1 BDRs (Brazilian Depositary Receipts). The winner will issue 10 BDR programs that represent stocks issued by publicly-traded companies with headquarters overseas. The depository institutions that wish to take part in the selection process should forward their proposals by March 18, 2011. The rules of the selection process are contained in the call for bids Bid Notice and the winning bid will be disclosed March 24, 2011.

  • FINRA Enforcement Executive Director James Shorris Returning To Private Sector

    Date 18/02/2011

    The Financial Industry Regulatory Authority (FINRA) announced today that James S. Shorris, who has served for more than seven years in leadership positions for FINRA's Enforcement Department and that of its predecessor, NASD, will leave the organization in April to return to the private sector. Shorris has been responsible for directing the investigation and prosecution of disciplinary actions at the national and district levels.

  • SEC Executive Director Diego Ruiz To Leave Agency

    Date 18/02/2011

    The Securities and Exchange Commission announced today that its Executive Director, Diego Tomás Ruiz, intends to leave the agency to return to the private sector.

  • SIFMA Addresses Business Conduct Standards For Swap Dealers In Comment Letter To CFTC

    Date 18/02/2011

    SIFMA today submitted a comment letter to the Commodity Futures Trading Commission (CFTC) regarding its proposed rule on business conduct standards for swap dealers and major swap participants (MSPs). In its letter, SIFMA expressed concerns about various aspects of the CFTC’s proposal, including unintended adverse consequences for customers of swap dealers, and instances where the CFTC has gone beyond the mandates of the underlying legislation.

  • SEC: Sean McKessy Named Head Of Whistleblower Office

    Date 18/02/2011

    The Securities and Exchange Commission today announced that Sean McKessy will oversee the new Whistleblower Office in the Division of Enforcement. The Office will consolidate existing resources to administer the whistleblower provisions called for by The Dodd-Frank Wall Street Reform and Consumer Protection Act.