The CFTC Division of Market Oversight determined that the Euronext Amsterdam AEX-Index mini futures contract and the Euronext Paris CAC40 Index mini futures contract meet the requirements of CEA Section 2(a)(1)(C)(ii) ("Jurisdiction of Commission"), and therefore may be offered or sold to persons in the U.S. The CFTC also confirmed that Euronext may make the contracts available for trading through its direct access terminals in the U.S. See: CFTC Press Release; CFTC Letter to Euronext.
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CFTC Commissioner Bart Chilton delivered a speech to the Michigan Agri-Business Association, analogizing the "brutality" of commodity markets with popular reality TV shows. Paralleling topics such as Massive Passive investors with "those guys on Deadliest Catch," Chilton attempted to use popular culture to express his views of the financial markets. The Commissioner addressed the lack of resources among "under-funded" enforcement officials who are attempting to regulate the market, stating that a CFTC enforcement reality show should be created about the "many Unsolved Mysteries" of the
Norm Champ, Director of the SEC Division of Investment Management, spoke at the PLI Hedge Fund Management Conference to discuss important issues regarding hedge fund managers, with a focus on the recent JOBS Act rulemaking. Mr. Champ highlighted the opportunity given to investment advisers by the JOBS Act to reach a much wider audience in the distribution of shares of private funds, but noted the new regulatory burdens and additional regulatory focus on private funds. In particular, he cautioned fund managers to be particularly mindful of the content of their promotional materials, since those
SEC Chairperson Mary Jo White issued a statement after meeting with the leaders of equities and options exchanges including FINRA, the Depository Trust Clearing Corporation ("DTCC") and the Options Clearing Corporation ("OCC"). Chairperson White scheduled the meeting immediately following the August 22nd interruption in the trading of NASDAQ-listed securities. In her statement, Chairperson White called for market participants and the SEC to work collaboratively to "strengthen critical market infrastructure and improve its resilience when technology falls short." She requested that the groups
The SEC announced that Paul Levenson has been named as the director of the Boston Regional Office, where he will oversee enforcement and examinations in the New England region. See: SEC Press Release.