Mondo Visione

Speech by SEC Commissioner Luis A. Aguilar: Making Sure Investors Benefit From Money Market Fund Reform

Mon, 15 Mar 2010 23:59:40 GMT

Investment Company Institute and Federal Bar Association Mutual Funds and Investment Management Conference
Phoenix, AZ
March 15, 2010

Thank you for the kind introduction. It is a pleasure to be here with you at the 2010 Mutual Funds and Investment Management Conference sponsored by the Investment Company Institute and the Federal Bar Association and to have the opportunity to share my views on the challenges and potential reforms facing the industry. At the start, let me issue the standard disclaimer that the views I express today are my own and do not necessarily reflect those of the Commission, the individual Commissioners, or the staff.

CalPERS Seeks Majority Vote Standard At Top Publicly Traded Companies

Mon, 15 Mar 2010 23:20:51 GMT

The California Public Employees' Retirement System today announced plans to ask 58 of the top U.S. companies in its global equity portfolio to voluntarily adopt the majority vote standard in uncontested elections for corporate directors. If the companies fail to act they could face a shareholder resolution by the Pension Fund.

CFTC Seeks Public Comment On Request From CME Clearing And NYMEX Involving Contracts Traded On The Dubai Mercantile Exchange

Mon, 15 Mar 2010 23:17:06 GMT

The Commodity Futures Trading Commission (Commission) is requesting public comment on a petition submitted by the Clearing House Division of the Chicago Mercantile Exchange Inc. (CME Clearing) and the New York Mercantile Exchange Inc. (NYMEX) to amend an existing order in connection with contracts traded on the Dubai Mercantile Exchange (DME).

SEC Charges Former Executives In Illegal Scheme To Enrich CEO With Perks

Mon, 15 Mar 2010 23:14:08 GMT

The Securities and Exchange Commission today charged three former senior executives and a former director of an Omaha-based database compilation company for their roles in a scheme in which the CEO funneled illegal compensation to himself in the form of perks worth millions of dollars.

Esposito Securities, LLC Joins Chicago Climate Futures Exchange

Mon, 15 Mar 2010 23:06:40 GMT

Chicago Climate Futures Exchange® (CCFE®) announced today that Esposito Securities, LLC, a firm that provides institutional trading services to clients including registered investment advisors, hedge funds, mutual funds, ETFs, closed end funds and unit investment trusts, has become a Trading Privilege Holder (TPH) of the Exchange.

Statement Of Treasury Secretary Geithner On Financial Reform

Mon, 15 Mar 2010 20:51:50 GMT

The U.S. Department of the Treasury today released the following statement from Secretary Tim Geithner on the release of Senate Banking Committee Chairman Chris Dodd's (D-CT) Restoring American Financial Stability Act of 2010:

"This is a strong bill. We hope the Committee and the Senate will move forward quickly to pass comprehensive reform. We need a strong, independent consumer financial protection agency that is accountable for setting and enforcing clear rules across the financial marketplace. And we need strong authority to limit risk-taking and protect the taxpayer. Enacting reform will help reduce uncertainty about the rules of the road going forward. Passing strong reforms here at home will also give us the ability to put in place a level playing field internationally, with high standards. As the President said, as the bill moves forward, we will take every opportunity to work with Chairman Dodd and his colleagues to strengthen the bill and will fight against efforts to weaken it."

Statement By SIFMA President And CEO Tim Ryan On Senator Dodd's Regulatory Reform Legislation

Mon, 15 Mar 2010 19:56:26 GMT

The Securities Industry and Financial Markets Association (SIFMA) today released the following statement from President and CEO Tim Ryan on the release of Senator Dodd's new regulatory reform legislation

CFTC Charges Raleigh, North Carolina Man And His Company, Yellowstone Partners, Inc., With Operating A Foreign Currency Ponzi Scheme - Court Issues Emergency Order Freezing Defendants' Assets And Protecting Books and Records

Mon, 15 Mar 2010 19:53:45 GMT

The U.S. Commodity Futures Trading Commission (CFTC) today announced that it charged Dennis Todd Hagemann and Yellowstone Partners, Inc., both of Raleigh, N.C., with operating a Ponzi scheme involving the fraudulent solicitation of at least $700,000 from at least nine individuals to trade foreign currency futures (forex) managed accounts and/or a pooled investment. Defendants also allegedly attempted to solicit funds from at least one other individual.

MGEX Announces Partnership With Designated Contract Market Applicant To Provide Clearing Services

Mon, 15 Mar 2010 19:49:07 GMT

MGEX (Exchange) announced its partnership with The Trend Exchange (TrendEx). MGEX will provide clearing services to TrendEx, which intends to offer risk management products based on domestic box office receipts. The alliance between MGEX and TrendEx marks the initial time the Exchange will provide clearing and settlement services to another entity. As a Derivatives Clearing Organization (DCO), MGEX will provide full clearing services including clearing all trades made on the TrendEx trading platform, counter party risk management of trades, and collect and maintain performance bonds for TrendEx contracts. Services provided will be in accordance with the rules and regulations of MGEX and its regulatory body, the Commodity Futures Trading Commission (CFTC). CFTC approval of the TrendEx application is pending.

Annual Changes To The NASDAQ China Index

Mon, 15 Mar 2010 15:57:02 GMT

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today the results of the annual re-ranking of the NASDAQ China Index (Nasdaq:CHXN), which will become effective with the market open on Monday, March 22, 2010.