News Centre

SEC: IT Specialist Settles Charges Of Insider Trading On Hacked Nonpublic Information

Date 05/12/2016

The Securities and Exchange Commission today announced insider trading charges against a San Francisco-based information technology specialist who allegedly hacked senior executives at online travel company Expedia and illegally traded on company secrets.

Statement Of CFTC Commissioner Sharon Y. Bowen On Proposed Rule For Position Limits On Derivatives

Date 05/12/2016

With today’s repreposal, the Commission moves one step closer to the implementation of position limits as directed by Congress in 2010. CFTC staff has worked laboriously with market users and the exchanges we regulate to craft a rule that will protect investors from disruptive practices and manipulation, while simultaneously allowing our markets to serve their critical price-discovery function. I commend staff on their hard work and thank the hundreds of commenters for their insightful feedback. I would also like to thank Chairman Massad and Commissioner Giancarlo on their commitment to this important rule and look forward to its finalization in the near future.

US Justice Department: Avalanche Network Dismantled In International Cyber Operation

Date 05/12/2016

The Justice Department today announced a multinational operation involving arrests and searches in four countries to dismantle a complex and sophisticated network of computer servers known as “Avalanche.”  The Avalanche network allegedly hosted more than two dozen of the world’s most pernicious types of malicious software and several money laundering campaigns. 

Statement Of CFTC Chairman Timothy Massad Regarding Proposed Rule On Position Limits For Derivatives

Date 05/12/2016

Today, the Commission is issuing a revised position limits proposal. We are also finalizing a separate but related rule on the aggregation of positions. I am pleased that today’s actions are unanimous.

Market Guidance On Standardization Of The ISDA Variation Margin CSA

Date 05/12/2016

The International Swaps and Derivatives Association, Inc. (ISDA) today published a market guidance note from its Board of Directors on the standardization of the ISDA Variation Margin Credit Support Annex (CSA). The note is intended to provide guidance and strategic perspectives on the possible benefits of further standardizing elements of the current ISDA Variation Margin CSA.

CFTC Reproposes Position Limits Rule - Commission Also Approves Final Rule On Aggregation Of Positions

Date 05/12/2016

The U.S. Commodity Futures Trading Commission (CFTC) today voted unanimously to repropose regulations implementing limits on speculative futures and swaps positions as called for in the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). In a separate vote, CFTC approved final aggregation regulations, which are a key component of the CFTC’s existing position limits regime. The reproposal will be open for public comment for 60 days after publication in the Federal Register.

Working Together To Advance High Quality Information In The Capital Markets - Wesley R. Bricker, SEC Chief Accountant, Keynote Address Before The 2016 AICPA Conference On Current SEC And PCAOB Developments, Washington, D.C., Dec. 5, 2016

Date 05/12/2016

Introduction

Good morning and thank you Melanie [Dolan] for the kind introduction. It is a pleasure to be with you for the third time, and now in my role as Chief Accountant of the SEC.

TMX Group Consolidated Trading Statistics - November 2016

Date 05/12/2016

TMX Group Limited today announced November 2016 trading statistics for its marketplaces – Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange (Alpha), Montréal Exchange (MX) and NGX.

FESE Response To ESMA On The Benchmarks Regulation Consultation Paper

Date 05/12/2016

FESE supports working with ESMA to construct a workable regime for benchmarks provided by trading venues. FESE’s response to the ESMA consultation on technical standards for the Benchmark Regulation focuses on the main following areas: the definition of regulated data, transitional provisions, third country provisions, exemptions to the benchmark methodology in case of sudden market events and the provisions for code of conducts and compliance statements.

A Third Of Over 75s Targeted By Investment Scams, As UK's Financial Conduct Authority Urges Consumers To Take The Time To Check

Date 05/12/2016

• A fifth (22%) of over 55s and a third (32%) of over 75s believe they have been targeted by an investment scam in the last 3 years
• Over half (55%) of those who have invested in financial products did so on their own, rather than making the decision with family
• One in eight (14%) of over 55s spend little or no time researching financial investment products before handing over money, rising to a quarter (26%) of over 75s