CFTC Speeches March 16, 2011 Remarks of Chairman Gary Gensler, Implementing the Dodd-Frank Act, FIA's Annual International Futures Industry Conference, Boca Raton, Florida. In particular, the Chairman discusses the phased-in implementation of final rules. Cross References Dodd-Frank Act, Title VII

Financial Services Authority March 15, 2011 The FSA has fined ActivTrades Plc, a foreign exchange broker, pound;85,750 for failing to protect clients' assets adequately. Under the FSA's client money rules, firms are required to keep client money separate from the firm's money in segregated accounts with trust status. Between 14 April 2009 and 2 September 2010, the amount of client money held by ActivTrades averaged pound;12.2 million. ActivTrades failed to ensure that this money was fully segregated on several occasions. In particular, between 29 January 2010 and 14 June 2010, client money

CFTC Speeches March 16, 2011 Opening Remarks of Commissioner Bart Chilton to the Futures Industry Association's Panel Discussion: Financial Investors' Impact on Commodity Prices, Boca Raton, FL Citing studies by economists, including NY Times columnist Paul Krugman, supporting Chilton's claim that speculators "tap the gas pedal" and thus influence commodity prices, Chilton states that "It's simply not the case that 'there is no evidence that financial investors affect commodity prices.'" Ironically, one of the scholars that Chilton cites to support his position, Paul Krugman recently wrote an

March 14, 2011 On 15 March 2011, the European Securities and Markets Authority (ESMA) published a response to the European Commission's consultation on central securities depositories (CSDs) and securities settlement. The response concentrates on technical issues as opposed to general policy considerations proposed by the Commission. The response is divided into two categories: i) "appropriate regulatory framework for CSDs" which includes commentary upon the access and proposed definition of CSDs; and ii) "harmonisation of certain aspects of securities settlement in the EU" which discusses

March 4, 2011 Mr Nicholas David Levene has been charged with 16 offences relating to an alleged investment fraud. He has been charged with: 11 offences of fraud by misrepresentation (s1 (2) Fraud Act 2006) two offences of possession of an article for use in a Fraud (s.6 Fraud Act 2006) two offences of money laundering (s.327 (1) (d) Proceeds of Crime Act 2002) and one offence of False accounting (s.17a Theft Act 1968).