News Centre

SEC: Convicted Fraudster Using Aliases Charged Again For Defrauding Investors

Date 18/12/2015

The Securities and Exchange Commission today charged a known securities fraudster with conducting a new scheme since his release from prison by using fake names to solicit investors while hiding his criminal past.

CFTC Commitments Of Traders Reports Update

Date 18/12/2015

The current reports for the week of December 15, 2015 are now available.

US Justice Department Announces Joint Resolution With Two Banks Under Swiss Bank Program

Date 18/12/2015

The Department of Justice announced today that Edmond de Rothschild (Suisse) SA and Edmond de Rothschild (Lugano) SA (collectively EdR Switzerland) reached a joint resolution under the department’s Swiss Bank Program.  EdR Switzerland will pay a penalty of more than $45 million.

FINRA Sanctions Fidelity Brokerage Services LLC $1 Million For Supervisory Failures - Firm Failed To Follow Up On Red Flags To Detect Or Prevent Theft Of Funds From Senior Investors By Fraudster Posing As Fidelity Broker

Date 18/12/2015

The Financial Industry Regulatory Authority (FINRA) announced today that it fined Fidelity Brokerage Services LLC $500,000 and ordered the firm to pay nearly $530,000 in restitution for failing to detect or prevent the theft of more than $1 million from nine of its customers, eight of whom were senior citizens. Lisa Lewis posed as a Fidelity broker, obtained her victims' personal information, and systematically stole customer assets through numerous transfers and debit-card transactions.

SEC Issues Staff Report On Accredited Investor Definition

Date 18/12/2015

The Securities and Exchange Commission today issued a staff report on the accredited investor definition.  The Dodd-Frank Wall Street Reform and Consumer Protection Act directs the Commission to review the accredited investor definition as it relates to natural persons every four years to determine whether the definition should be modified or adjusted.  Staff from the Divisions of Corporation Finance and Economic and Risk Analysis prepared the report in connection with the first review of the definition.

SIFMA Statement On Passage Of Cybersecurity And Tax Provisions In Omnibus/Tax Extender Package

Date 18/12/2015

Today, SIFMA president and CEO Kenneth E. Bentsen, Jr. issued the following statement on the passage of the FY 2016 Omnibus Appropriations Act, which included the Cybersecurity Information Sharing Act (CISA), and the tax extenders package, which were voted on separately in the House and combined into one bill for Senate passage:

“We commend Congress for taking bipartisan action on the critically important issue of cybersecurity and moving forward, after years of effort, a voluntary, workable cyber threat information sharing bill to the President’s desk. Cyber threats posed by criminals, hacktavists, nation states and terrorists are among the most serious threats facing the financial services industry and our nation’s economic prosperity. SIFMA’s recent Quantum Dawn 3 cybersecurity exercise validated the importance of public-private information sharing in responding to a cyber attack that could disrupt confidence in the financial system and broader economy.” 

J.P. Morgan To Pay $267 Million For Disclosure Failures

Date 18/12/2015

The Securities and Exchange Commission today announced that two J.P. Morgan wealth management subsidiaries have agreed to pay $267 million and admit wrongdoing to settle charges that they failed to disclose conflicts of interest to clients.

NSX Is Approved By The SEC To Re-Launch Trading Operations - NSX Plan For Phased Roll-Out

Date 18/12/2015

On December 14, 2015, the Securities and Exchange Commission (“SEC”) issued an order granting NSX final approval to re-launch and resume operations for equity and ETF trading.  Accordingly, NSX has given notice to its clients (ETP Holders) that NSX will re-launch trading operations based on a phased roll-out schedule beginning on Tuesday, December 22nd and completing the roll-out on Thursday, December 31st.

OneChicago Large Trader Reporting Guide Effective Date: January 4, 2016

Date 18/12/2015

This Notice to Members (“NTM”) 2015-47 supersedes NTM 2010-12 to eliminate any references to the Securities Industry Automation Corporation (“SIAC”) and to provide an updated large trader reporting (“LTR”) guide. As of November 23, 2015, OneChicago, LLC (“OneChicago” or “OCX”) has eliminated the role of SIAC in LTR of OneChicago products.

National Stock Exchange, Inc. Holiday Schedule

Date 18/12/2015

Thursday, December 24, 2015 -- Abbreviated schedule - NSX will close its regular trading session at 1PM ET.  There will be no post-regular trading hours trading session.