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FINRA Fines Leonard & Co. For Sale Of Unregistered Securities, Bars Broker For Unregistered Penny Stock Sales, Other Violations - FINRA Issues Regulatory Notice Regarding Sales Of Unregistered Securities

Date 13/01/2009

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Leonard & Co. of Troy, MI, $225,000 for numerous violations, including the illegal sale of more than two million shares of penny stock on behalf of customers. FINRA also required the firm to retain an independent consultant to review its supervisory systems and procedures.
UCITS: European Commission MEPs Back Management Company Passport Approach

Date 13/01/2009

Parliament has approved a proposed reform of the UCITS directives, aimed at making the investment fund market in the EU less fragmented and at improving efficiency. MEPs inserted provisions for a "management company passport". The text has already been agreed with the Council, so this vote effectively completes the legislative procedure. The resolution was adopted with 589 votes in favour, 28 against and 38 abstentions.
Changes To SICOM's Initial And Maintenance Margins

Date 13/01/2009

Please click here for the adjusted margin levels.
Shenzhen Stock Exchange To Boost Acquisitions And Restructurings Of Listed Companies

Date 13/01/2009

The Shenzhen Stock Exchange (SZSE) held the 3rd seminar on acquisitions and restructurings of listed companies recently in a bid to promote the standardized operation of acquisitions and restructurings in listed companies.
Change Of Margin Rates For Dubai Mercantile Exchange Contracts

Date 13/01/2009

Click here to download datails of the change of margin rates for Dubai Mercantile Exchange's contracts.

PLUS Posts 112% Increase In December Trades - New Stock Exchange Continues Trading Gains Momentum

Date 13/01/2009

PLUS Markets Group, the new stock exchange for London, ended 2008 with trading activity up against last year’s trading figures. In December 2008, PLUS posted 439,603 bargains, a 112% increase in trades year over December 2007. The total number of shares traded was up 137% at 2.42 billion, while trade value rose 42% at £2.55 billion over the period.
FTSE Global Markets Magazine - January-February Issue

Date 13/01/2009

The new issue of FTSE Global Markets magazine is now available from www.ftse.com.
FINRA Fines Leonard & Co. For Sale Of Unregistered Securities, Bars Broker For Unregistered Penny Stock Sales, Other Violations - FINRA Issues Regulatory Notice Regarding Sales Of Unregistered Securities

Date 13/01/2009

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Leonard & Co. of Troy, MI, $225,000 for numerous violations, including the illegal sale of more than two million shares of penny stock on behalf of customers. FINRA also required the firm to retain an independent consultant to review its supervisory systems and procedures.
SGX Appoints New Head Of Operations

Date 13/01/2009

Singapore Exchange Limited (SGX) announced today that it has appointed Mr Benjamin Foo, Senior Vice President (SVP), as Head of Operations. He is currently SGX’s Head of AsiaClear and Clearing and Commodities Business.
The Channel Islands Stock Exchange Achieves Its Latest Listed Security Milestone

Date 13/01/2009

The Market Authority of the Channel Islands Stock Exchange (CISX/Exchange) is pleased to announce the approval of the 3,000th security, which was admitted to the Official List on 15 December 2008. Best Buy Distributions Ltd, an issuer of specialist debt securities, was sponsored by Ogier Corporate Finance Ltd.