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FINRA Fines Merrill Lynch $5 Million For Failing To Disclose Material Facts In Sales Of Volatility-Linked Structured Notes To Retail Customers

Date 23/06/2016

The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Merrill Lynch, Pierce, Fenner & Smith, Inc. $5 million for negligent disclosure failures in connection with the sale of five-year senior debt notes to retail customers. In particular, Merrill Lynch failed to adequately disclose certain costs, making it appear that the fixed costs were lower than they actually were.

SIFMA Hosts Biotech Roundtable on Capitol Hill, Bringing Together Industry Experts And Lawmakers

Date 23/06/2016

Today, SIFMA hosted a roundtable on the importance of innovation in biotechnology, with leading sector analysts and Members of Congress to drive a discussion between industry and lawmakers on the role of the capital markets in funding biotech research and initiatives. The event was held on Capitol Hill and congressional participants including Reps. French Hill (R-AK), Scott Peters (D-CA), and Leonard Lance (R-NJ). Industry participants included Brian Abrahams, M.D., Managing Director, Jefferies LLC and Michael Yee, Managing Director, RBC Capital Markets. 

FTSE Russell To Ring The Nasdaq Stock Market Closing Bell

Date 23/06/2016

What:  
FTSE Russell will visit the Nasdaq MarketSite in Times Square to celebrate the Russell Indexes annual reconstitution.

In honor of the occasion, Ron Bundy, CEO, North America Benchmarks, FTSE Russell, will ring the Closing Bell.

Borsa Italiana Welcomes Fullgoal

Date 23/06/2016

• Fullgoal Asset Management lists first ETF on Borsa Italiana
• Fullgoal ETF tracks FTSE China Onshore Sovereign and Policy Bank Bond Index

5th Greek Investment Forum In NY

Date 23/06/2016

The 5th Greek Investment Forum in New York, was being finalized yesterday. This Forum is organized annually by the Athens Stock Exchange in cooperation with the American-Hellenic Chamber of Commerce.

S3 Partners Launches Real-Time Short Interest Analytics On The Bloomberg APP Portal - Bloomberg Professional Service Subscribers Can Utilize The BLACK APP From S3 Partners To Identify Crowded Trades

Date 23/06/2016

S3 Partners today launched its BLACKLIGHT APPs Crowding Kit (the "BLACK APP") on the Bloomberg APP Portal at {APPS BLACK <GO>}. The BLACK APP uses S3 BLACKLIGHT financing rate data, which is already available on the Bloomberg Professional service {SI<GO>} and {EMSX<GO>} pages, to deliver real-time analytics on crowded trades.

More Regulations And Fewer Resources Squeeze Financial Compliance Teams, Thomson Reuters Global Cost Of Compliance 2016 Survey Reveals - Will Advances In Technology Ease The Burden Or Expose Compliance Officers To More Risk?

Date 23/06/2016

A growing awareness of the escalating and ever-changing demands of the regulatory environment, coupled with a potential reduction in the resources available to meet compliance challenges, are the defining concerns of respondents to Thomson Reuters seventh annual Cost of Compliance Survey.

EBA Appoints Chairperson And Vice-Chairperson Of Its Banking Stakeholder Group

Date 23/06/2016

At its meeting held on 22 June 2016, the Banking Stakeholder Group of the European Banking Authority elected Santiago Fernandez de Lis, representing the credit and investment institutions, as Chairperson and Alin Eugen Iacob, representing the users of banking services, as Vice-Chairperson.

Twilio Lists IPO On The New York Stock Exchange - Celebrates IPO With First-Ever Coding Event From The Floor Of The NYSE

Date 23/06/2016

San Francisco-based Twilio Inc., a leading cloud communications platform, began trading today on the New York Stock Exchange (NYSE) under the ticker symbol “TWLO” after its initial public offering, which raised $150 million in gross proceeds. Citadel Securities is the NYSE Designated Market Maker (DMM) for the company’s shares.

SEC: Merrill Lynch Paying $10 Million Penalty For Misleading Investors In Structured Notes

Date 23/06/2016

The Securities and Exchange Commission today announced that Merrill Lynch has agreed to pay a $10 million penalty to settle charges that it was responsible for misleading statements in offering materials provided to retail investors for structured notes linked to a proprietary volatility index.